QCILIX vs. QREARX
QCILIX (CREF Inflation-Linked Bond Account Class R3) and QREARX (TIAA Real Estate Account) are both mutual funds - QCILIX is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 1-10 Year Index, while QREARX is a REIT fund actively managed by TIAA. QCILIX is passively managed, while QREARX is actively managed. Over the past year, QCILIX returned 5.23% vs 3.23% for QREARX. At a correlation of -0.28, they often move in opposite directions. QCILIX charges 0.19%/yr vs 0.90%/yr for QREARX.
Performance
QCILIX vs. QREARX - Performance Comparison
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Returns By Period
In the year-to-date period, QCILIX achieves a 1.79% return, which is significantly higher than QREARX's 0.95% return.
QCILIX
- 1D
- -0.02%
- 1M
- -0.04%
- YTD
- 1.79%
- 6M
- 1.56%
- 1Y
- 5.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QREARX
- 1D
- 0.01%
- 1M
- 0.13%
- YTD
- 0.95%
- 6M
- 1.11%
- 1Y
- 3.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCILIX vs. QREARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCILIX CREF Inflation-Linked Bond Account Class R3 | 1.79% | 7.22% |
QREARX TIAA Real Estate Account | 0.95% | 3.93% |
Correlation
The correlation between QCILIX and QREARX is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025 | -0.28 |
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Return for Risk
QCILIX vs. QREARX — Risk / Return Rank
QCILIX
QREARX
QCILIX vs. QREARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CREF Inflation-Linked Bond Account Class R3 (QCILIX) and TIAA Real Estate Account (QREARX). 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.
| QCILIX | QREARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 2.49 | -1.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 8.91 | -5.04 |
| Martin ratioReturn relative to average drawdown | 14.48 | 32.47 | -17.99 |
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
| QCILIX | QREARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 4.27 | -2.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.26 | 2.12 | +0.14 |
Drawdowns
QCILIX vs. QREARX - Drawdown Comparison
The maximum QCILIX drawdown since its inception was -2.14%, which is greater than QREARX's maximum drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for QCILIX and QREARX.
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Drawdown Indicators
| QCILIX | QREARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.14% | -1.45% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -0.37% | -0.96% |
Current DrawdownCurrent decline from peak | -0.14% | -0.06% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -0.06% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.10% | +0.26% |
Volatility
QCILIX vs. QREARX - Volatility Comparison
CREF Inflation-Linked Bond Account Class R3 (QCILIX) has a higher volatility of 0.77% compared to TIAA Real Estate Account (QREARX) at 0.12%. This indicates that QCILIX's price experiences larger fluctuations and is considered to be riskier than QREARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCILIX | QREARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.12% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 0.45% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.45% | 0.77% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 1.66% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.95% | 1.66% | +1.29% |
QCILIX vs. QREARX - Expense Ratio Comparison
QCILIX has a 0.19% expense ratio, which is lower than QREARX's 0.90% expense ratio.
Dividends
QCILIX vs. QREARX - Dividend Comparison
Neither QCILIX nor QREARX has paid dividends to shareholders.
Frequently Asked Questions
QCILIX and QREARX have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCILIX has higher volatility (0.77%) compared to QREARX (0.12%). In terms of maximum drawdown, QCILIX dropped -2.14% vs QREARX's -1.45%.
QREARX currently has the higher Sharpe Ratio (4.27 vs 2.11), 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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