QREARX vs. QCGLIX

Last updated Apr 2, 2026

Compare and contrast key facts about TIAA Real Estate Account (QREARX) and CREF Global Equities Account - R3 (QCGLIX).

QREARX is an actively managed fund by TIAA. It was launched on Oct 2, 1995. QCGLIX is a passively managed fund by TIAA that tracks the performance of the MSCI ACWI NR USD. It was launched on Apr 24, 2015.

Performance

QREARX vs. QCGLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA Real Estate Account (QREARX) and CREF Global Equities Account - R3 (QCGLIX). The values are adjusted to include any dividend payments, if applicable.

QREARX vs. QCGLIX - Yearly Performance Comparison

	2026 (YTD)	2025
QREARX TIAA Real Estate Account	0.61%	3.93%
QCGLIX CREF Global Equities Account - R3	-2.41%	20.63%

Returns By Period

In the year-to-date period, QREARX achieves a 0.61% return, which is significantly higher than QCGLIX's -2.41% return.

QREARX

• 1D: -0.18%
• 1M: 0.19%
• YTD: 0.61%
• 6M: 1.65%
• 1Y: 3.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCGLIX

• 1D: 3.15%
• 1M: -6.02%
• YTD: -2.41%
• 6M: 0.88%
• 1Y: 21.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QREARX vs. QCGLIX - Expense Ratio Comparison

QREARX has a 0.90% expense ratio, which is higher than QCGLIX's 0.24% expense ratio.

QREARX

TIAA Real Estate Account

QCGLIX

CREF Global Equities Account - R3

Return for Risk

QREARX vs. QCGLIX — Risk / Return Rank

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

QREARX

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

QCGLIX

QCGLIX Risk / Return Rank: 64
QCGLIX Sharpe Ratio Rank: 70
QCGLIX Sortino Ratio Rank: 68
QCGLIX Omega Ratio Rank: 64
QCGLIX Calmar Ratio Rank: 56
QCGLIX Martin Ratio Rank: 61

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.

QREARX vs. QCGLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA Real Estate Account (QREARX) and CREF Global Equities Account - R3 (QCGLIX). 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.

	QREARX	QCGLIX	Difference
Sharpe ratio Return per unit of total volatility	4.69	1.39	+3.30
Sortino ratio Return per unit of downside risk	7.22	1.93	+5.29
Omega ratio Gain probability vs. loss probability	2.65	1.28	+1.38
Calmar ratio Return relative to maximum drawdown	9.74	1.64	+8.10
Martin ratio Return relative to average drawdown	40.50	7.20	+33.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QREARX vs. QCGLIX - Sharpe Ratio Comparison

The current QREARX Sharpe Ratio is 4.69, which is higher than the QCGLIX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of QREARX and QCGLIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QREARX	QCGLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.69	1.39	+3.30
Sharpe Ratio (All Time) Calculated using the full available price history	2.12	0.86	+1.26

Correlation

The correlation between QREARX and QCGLIX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

QREARX vs. QCGLIX - Dividend Comparison

Neither QREARX nor QCGLIX has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

QREARX vs. QCGLIX - Drawdown Comparison

The maximum QREARX drawdown since its inception was -1.45%, smaller than the maximum QCGLIX drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for QREARX and QCGLIX.

Drawdown Indicators

	QREARX	QCGLIX	Difference
Max Drawdown Largest peak-to-trough decline	-1.45%	-18.15%	+16.70%
Max Drawdown (1Y) Largest decline over 1 year	-0.37%	-12.13%	+11.76%
Current Drawdown Current decline from peak	-0.28%	-7.46%	+7.18%
Average Drawdown Average peak-to-trough decline	-0.05%	-2.37%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.09%	2.77%	-2.68%

Volatility

QREARX vs. QCGLIX - Volatility Comparison

The current volatility for TIAA Real Estate Account (QREARX) is 0.30%, while CREF Global Equities Account - R3 (QCGLIX) has a volatility of 6.65%. This indicates that QREARX experiences smaller price fluctuations and is considered to be less risky than QCGLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QREARX	QCGLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.30%	6.65%	-6.35%
Volatility (6M) Calculated over the trailing 6-month period	0.53%	10.57%	-10.04%
Volatility (1Y) Calculated over the trailing 1-year period	0.77%	16.01%	-15.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.76%	16.05%	-14.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.76%	16.05%	-14.29%