PRRSX vs. CRARX
PRRSX (PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund) and CRARX (MainStay CBRE Real Estate Fund) are both REIT funds. Over the past 10 years, PRRSX returned 6.17%/yr vs 4.65%/yr for CRARX. Their correlation of 0.94 means they have usually moved in the same direction. PRRSX charges 0.79%/yr vs 0.83%/yr for CRARX.
Performance
PRRSX vs. CRARX - Performance Comparison
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Returns By Period
In the year-to-date period, PRRSX achieves a 19.93% return, which is significantly higher than CRARX's 18.63% return. Over the past 10 years, PRRSX has outperformed CRARX with an annualized return of 6.17%, while CRARX has yielded a comparatively lower 4.65% annualized return.
PRRSX
- 1D
- -1.20%
- 1M
- 1.17%
- 6M
- 16.23%
- YTD
- 19.93%
- 1Y
- 25.44%
- 3Y*
- 11.80%
- 5Y*
- 3.65%
- 10Y*
- 6.17%
- ALL TIME*
- 10.50%
CRARX
- 1D
- -1.16%
- 1M
- 0.84%
- 6M
- 15.45%
- YTD
- 18.63%
- 1Y
- 19.80%
- 3Y*
- 8.86%
- 5Y*
- 2.80%
- 10Y*
- 4.65%
- ALL TIME*
- 8.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRRSX vs. CRARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund | 19.93% | 5.21% | 5.11% | 12.30% | -29.37% | 53.74% | -3.80% | 29.61% | -6.42% | 4.32% |
CRARX MainStay CBRE Real Estate Fund | 18.63% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
Correlation
The correlation between PRRSX and CRARX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2003 | 0.94 |
The correlation between PRRSX and CRARX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
PRRSX vs. CRARX — Risk / Return Rank
PRRSX
CRARX
PRRSX vs. CRARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) 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.
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.
| PRRSX | CRARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.25 | +0.33 |
| Martin ratioReturn relative to average drawdown | 9.22 | 7.64 | +1.57 |
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Drawdowns
PRRSX vs. CRARX - Drawdown Comparison
The maximum PRRSX drawdown since its inception was -77.82%, which is greater than CRARX's maximum drawdown of -72.66%. Use the drawdown chart below to compare losses from any high point for PRRSX and CRARX.
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Drawdown Indicators
| PRRSX | CRARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.82% | -72.66% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -7.99% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -18.78% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -37.14% | -35.43% | -1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | -45.19% | -0.56% |
Current DrawdownCurrent decline from peak | -2.02% | -1.89% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -13.00% | -12.51% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.42% | +0.18% |
Volatility
PRRSX vs. CRARX - Volatility Comparison
PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) has a higher volatility of 4.71% compared to MainStay CBRE Real Estate Fund (CRARX) at 4.30%. This indicates that PRRSX'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
| PRRSX | CRARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.30% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 10.62% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.02% | 13.62% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.28% | 19.04% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 21.33% | +0.59% |
PRRSX vs. CRARX - Expense Ratio Comparison
PRRSX has a 0.79% expense ratio, which is lower than CRARX's 0.83% expense ratio.
Dividends
PRRSX vs. CRARX - Dividend Comparison
PRRSX's dividend yield for the trailing twelve months is around 1.43%, less than CRARX's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 2.06% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund | 1.43% | 2.19% | 0.61% | 0.00% | 18.62% | 34.01% | 7.21% | 7.99% | 0.81% | 1.67% | 0.66% | 8.38% |
Frequently Asked Questions
With a correlation of 0.96, PRRSX and CRARX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PRRSX has higher volatility (4.71%) compared to CRARX (4.30%). In terms of maximum drawdown, PRRSX dropped -77.82% vs CRARX's -72.66%.
PRRSX currently has the higher Sharpe Ratio (1.57 vs 1.33), 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.
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