QREARX vs. AWP

Last updated Aug 1, 2026

QREARX (TIAA Real Estate Account) and AWP (abrdn Global Premier Properties Fund) are both REIT funds. Both are actively managed. Over the past year, QREARX returned 4.33% vs 18.54% for AWP. Their -0.11 correlation means they have often moved in opposite directions in the past. QREARX charges 0.90%/yr vs 1.19%/yr for AWP.

Performance

QREARX vs. AWP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA Real Estate Account (QREARX) and abrdn Global Premier Properties Fund (AWP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QREARX achieves a 2.46% return, which is significantly lower than AWP's 12.37% return.

QREARX

• 1D: 0.02%
• 1M: 0.32%
• 6M: 2.31%
• YTD: 2.46%
• 1Y: 4.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.09%

AWP

• 1D: -0.74%
• 1M: 2.52%
• 6M: 8.40%
• YTD: 12.37%
• 1Y: 18.54%
• 3Y*: 12.66%
• 5Y*: 1.07%
• 10Y*: 7.41%
• ALL TIME*: 2.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AWP abrdn Global Premier Properties Fund	$2.23M	$2.78M	$1.81M
QREARX TIAA Real Estate Account	$0.00	$0.00	$0.00

QREARX vs. AWP - Yearly Performance Comparison

	2026 (YTD)	2025
QREARX TIAA Real Estate Account	2.46%	3.93%
AWP abrdn Global Premier Properties Fund	12.37%	13.31%

Correlation

The correlation between QREARX and AWP is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.17
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	-0.11

Return for Risk

QREARX vs. AWP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QREARX

QREARX Risk / Return Rank: 99
QREARX Sharpe Ratio Rank: 99
QREARX Sortino Ratio Rank: 100
QREARX Omega Ratio Rank: 99
QREARX Calmar Ratio Rank: 99
QREARX Martin Ratio Rank: 99

AWP

AWP Risk / Return Rank: 43
AWP Sharpe Ratio Rank: 51
AWP Sortino Ratio Rank: 48
AWP Omega Ratio Rank: 50
AWP Calmar Ratio Rank: 30
AWP Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QREARX vs. AWP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA Real Estate Account (QREARX) and abrdn Global Premier Properties Fund (AWP). 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.

	QREARX	AWP	Difference
Sharpe ratio: Return per unit of total volatility	4.42	1.34	+3.07
Sortino ratio: Return per unit of downside risk	11.47	1.90	+9.57
Omega ratio: Gain probability vs. loss probability	3.33	1.25	+2.09
Calmar ratio: Return relative to maximum drawdown	14.94	1.34	+13.60
Martin ratio: Return relative to average drawdown	61.13	5.28	+55.85

QREARX vs. AWP - Sharpe Ratio Comparison

The current QREARX Sharpe Ratio is 4.42, which is higher than the AWP Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of QREARX and AWP, 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

QREARX vs. AWP - Drawdown Comparison

The maximum QREARX drawdown since its inception was -1.45%, smaller than the maximum AWP drawdown of -85.93%. Use the drawdown chart below to compare losses from any high point for QREARX and AWP.

Drawdown Indicators

	QREARX	AWP	Difference
Max Drawdown Largest peak-to-trough decline	-1.45%	-85.93%	+84.48%
Max Drawdown (1Y) Largest decline over 1 year	-0.29%	-14.14%	+13.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-53.95%	—
Current Drawdown Current decline from peak	-0.02%	-1.71%	+1.69%
Average Drawdown Average peak-to-trough decline	-0.05%	-27.18%	+27.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	3.58%	-3.51%

Volatility

QREARX vs. AWP - Volatility Comparison

The current volatility for TIAA Real Estate Account (QREARX) is 0.10%, while abrdn Global Premier Properties Fund (AWP) has a volatility of 3.24%. This indicates that QREARX experiences smaller price fluctuations and is considered to be less risky than AWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QREARX	AWP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	3.24%	-3.14%
Volatility (6M) Calculated over the trailing 6-month period	0.86%	11.61%	-10.75%
Volatility (1Y) Calculated over the trailing 1-year period	0.99%	14.15%	-13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.69%	21.95%	-20.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.69%	23.53%	-21.84%

QREARX vs. AWP - Expense Ratio Comparison

QREARX has a 0.90% expense ratio, which is lower than AWP's 1.19% expense ratio.

Dividends

QREARX vs. AWP - Dividend Comparison

QREARX has not paid dividends to shareholders, while AWP's dividend yield for the trailing twelve months is around 11.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWP abrdn Global Premier Properties Fund	11.94%	12.50%	12.44%	12.37%	12.31%	7.02%	9.13%	8.49%	12.05%	8.90%	11.70%	10.40%
QREARX TIAA Real Estate Account	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QREARX and AWP in my portfolio?

QREARX and AWP have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QREARX or AWP?

AWP has higher volatility (3.24%) compared to QREARX (0.10%). In terms of maximum drawdown, QREARX dropped -1.45% vs AWP's -85.93%.

Which has better risk-adjusted returns?

QREARX currently has the higher Sharpe Ratio (4.42 vs 1.34), 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.