MXREX vs. CRARX
Compare and contrast key facts about Great-West Real Estate Index Fund (MXREX) and MainStay CBRE Real Estate Fund (CRARX).
MXREX is managed by Great-West. It was launched on Nov 27, 2012. CRARX is managed by New York Life. It was launched on Dec 31, 1996.
Performance
MXREX vs. CRARX - Performance Comparison
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MXREX vs. CRARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXREX Great-West Real Estate Index Fund | 4.34% | 3.16% | 7.47% | 13.31% | -26.44% | 45.80% | -12.52% | 22.41% | -4.92% | 2.25% |
CRARX MainStay CBRE Real Estate Fund | 4.03% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
Returns By Period
In the year-to-date period, MXREX achieves a 4.34% return, which is significantly higher than CRARX's 4.03% return. Over the past 10 years, MXREX has underperformed CRARX with an annualized return of 3.08%, while CRARX has yielded a comparatively higher 4.31% annualized return.
MXREX
- 1D
- 1.43%
- 1M
- -6.11%
- YTD
- 4.34%
- 6M
- 3.29%
- 1Y
- 6.67%
- 3Y*
- 8.48%
- 5Y*
- 4.86%
- 10Y*
- 3.08%
CRARX
- 1D
- 0.67%
- 1M
- -7.02%
- YTD
- 4.03%
- 6M
- 1.92%
- 1Y
- 2.02%
- 3Y*
- 4.89%
- 5Y*
- 3.16%
- 10Y*
- 4.31%
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MXREX vs. CRARX - Expense Ratio Comparison
MXREX has a 0.70% expense ratio, which is lower than CRARX's 0.83% expense ratio.
Return for Risk
MXREX vs. CRARX — Risk / Return Rank
MXREX
CRARX
MXREX vs. CRARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Real Estate Index Fund (MXREX) and MainStay CBRE Real Estate Fund (CRARX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MXREX | CRARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 0.13 | +0.27 |
Sortino ratioReturn per unit of downside risk | 0.67 | 0.28 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.04 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.26 | +0.19 |
Martin ratioReturn relative to average drawdown | 1.96 | 1.02 | +0.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MXREX | CRARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.13 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.17 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.20 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.32 | -0.13 |
Correlation
The correlation between MXREX and CRARX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MXREX vs. CRARX - Dividend Comparison
MXREX's dividend yield for the trailing twelve months is around 1.98%, more than CRARX's 1.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXREX Great-West Real Estate Index Fund | 1.98% | 2.07% | 6.74% | 1.85% | 4.69% | 1.93% | 1.60% | 4.51% | 4.10% | 3.36% | 0.00% | 0.00% |
CRARX MainStay CBRE Real Estate Fund | 1.66% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
Drawdowns
MXREX vs. CRARX - Drawdown Comparison
The maximum MXREX drawdown since its inception was -43.89%, smaller than the maximum CRARX drawdown of -72.66%. Use the drawdown chart below to compare losses from any high point for MXREX and CRARX.
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Drawdown Indicators
| MXREX | CRARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.89% | -72.66% | +28.77% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -12.25% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -33.06% | -35.43% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -43.89% | -45.19% | +1.30% |
Current DrawdownCurrent decline from peak | -6.11% | -13.38% | +7.27% |
Average DrawdownAverage peak-to-trough decline | -11.77% | -12.61% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.07% | -0.02% |
Volatility
MXREX vs. CRARX - Volatility Comparison
Great-West Real Estate Index Fund (MXREX) has a higher volatility of 4.48% compared to MainStay CBRE Real Estate Fund (CRARX) at 4.16%. This indicates that MXREX's price experiences larger fluctuations and is considered to be riskier than CRARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXREX | CRARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 4.16% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 9.01% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 15.89% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 18.98% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.94% | 21.29% | +0.65% |