NRFYX vs. MRESX

Last updated Jun 25, 2026

NRFYX (Natixis Funds Trust IV AEW Global Focused Real Estate Fund) and MRESX (Cromwell CenterSquare Real Estate Fund) are both REIT funds. Over the past 5 years, NRFYX returned 1.94%/yr vs 6.63%/yr for MRESX. Their correlation of 0.91 suggests significant overlap in exposure. NRFYX charges 0.90%/yr vs 1.02%/yr for MRESX.

Performance

NRFYX vs. MRESX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Natixis Funds Trust IV AEW Global Focused Real Estate Fund (NRFYX) and Cromwell CenterSquare Real Estate Fund (MRESX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRFYX achieves a 10.28% return, which is significantly lower than MRESX's 16.57% return.

NRFYX

• 1D: 1.31%
• 1M: 0.41%
• YTD: 10.28%
• 6M: 9.99%
• 1Y: 11.50%
• 3Y*: 11.41%
• 5Y*: 1.94%
• 10Y*: 4.26%

MRESX

• 1D: 1.31%
• 1M: 1.55%
• YTD: 16.57%
• 6M: 16.20%
• 1Y: 13.83%
• 3Y*: 12.74%
• 5Y*: 6.63%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NRFYX vs. MRESX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NRFYX Natixis Funds Trust IV AEW Global Focused Real Estate Fund	10.28%	7.51%	1.47%	13.42%	-25.75%	28.33%	-5.50%	24.32%	-4.52%	1.41%
MRESX Cromwell CenterSquare Real Estate Fund	16.57%	0.87%	7.09%	11.77%	-24.59%	57.10%	-2.46%	28.85%	-5.41%	2.66%

Correlation

The correlation between NRFYX and MRESX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017	0.91

The correlation between NRFYX and MRESX has been stable across timeframes, ranging from 0.81 to 0.91 - a consistent structural relationship.

Return for Risk

NRFYX vs. MRESX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NRFYX

NRFYX Risk / Return Rank: 21
NRFYX Sharpe Ratio Rank: 20
NRFYX Sortino Ratio Rank: 19
NRFYX Omega Ratio Rank: 18
NRFYX Calmar Ratio Rank: 21
NRFYX Martin Ratio Rank: 25

MRESX

MRESX Risk / Return Rank: 24
MRESX Sharpe Ratio Rank: 20
MRESX Sortino Ratio Rank: 18
MRESX Omega Ratio Rank: 19
MRESX Calmar Ratio Rank: 34
MRESX Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NRFYX vs. MRESX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Natixis Funds Trust IV AEW Global Focused Real Estate Fund (NRFYX) and Cromwell CenterSquare Real Estate Fund (MRESX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NRFYX	MRESX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.08	-0.03
Sortino ratio: Return per unit of downside risk	1.53	1.51	+0.01
Omega ratio: Gain probability vs. loss probability	1.19	1.19	-0.01
Calmar ratio: Return relative to maximum drawdown	1.40	1.96	-0.56
Martin ratio: Return relative to average drawdown	5.09	5.66	-0.57

NRFYX vs. MRESX - Sharpe Ratio Comparison

The current NRFYX Sharpe Ratio is 1.05, which is comparable to the MRESX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of NRFYX and MRESX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NRFYX vs. MRESX - Drawdown Comparison

The maximum NRFYX drawdown since its inception was -73.64%, which is greater than MRESX's maximum drawdown of -40.84%. Use the drawdown chart below to compare losses from any high point for NRFYX and MRESX.

Drawdown Indicators

	NRFYX	MRESX	Difference
Max Drawdown Largest peak-to-trough decline	-73.64%	-40.84%	-32.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	-7.92%	-2.18%
Max Drawdown (3Y) Largest decline over 3 years	-18.91%	-17.29%	-1.62%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	-32.98%	-0.97%
Max Drawdown (10Y) Largest decline over 10 years	-40.31%	—	—
Current Drawdown Current decline from peak	-1.12%	-0.38%	-0.74%
Average Drawdown Average peak-to-trough decline	-12.44%	-9.47%	-2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.65%	-0.08%

Volatility

NRFYX vs. MRESX - Volatility Comparison

The current volatility for Natixis Funds Trust IV AEW Global Focused Real Estate Fund (NRFYX) is 4.44%, while Cromwell CenterSquare Real Estate Fund (MRESX) has a volatility of 5.31%. This indicates that NRFYX experiences smaller price fluctuations and is considered to be less risky than MRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRFYX	MRESX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	5.31%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	10.55%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	14.39%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	20.67%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.42%	22.03%	-3.61%

NRFYX vs. MRESX - Expense Ratio Comparison

NRFYX has a 0.90% expense ratio, which is lower than MRESX's 1.02% expense ratio.

Dividends

NRFYX vs. MRESX - Dividend Comparison

NRFYX's dividend yield for the trailing twelve months is around 2.95%, more than MRESX's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MRESX Cromwell CenterSquare Real Estate Fund	1.38%	1.49%	2.40%	2.01%	6.49%	14.54%	2.19%	10.71%	3.24%	10.34%	0.00%	0.00%
NRFYX Natixis Funds Trust IV AEW Global Focused Real Estate Fund	2.95%	2.24%	4.51%	2.66%	3.05%	5.98%	3.81%	17.61%	10.05%	10.64%	11.02%	9.66%

Frequently Asked Questions

Can I hold both NRFYX and MRESX in my portfolio?

NRFYX and MRESX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRFYX or MRESX?

MRESX has higher volatility (5.31%) compared to NRFYX (4.44%). In terms of maximum drawdown, NRFYX dropped -73.64% vs MRESX's -40.84%.

Which has better risk-adjusted returns?

MRESX currently has the higher Sharpe Ratio (1.08 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.