QREARX vs. QCSTPX

Last updated Jun 3, 2026

QREARX (TIAA Real Estate Account) and QCSTPX (CREF Total Global Stock Account Class R2) are both mutual funds - QREARX is a REIT fund actively managed by TIAA, while QCSTPX is a Global Equities fund actively managed by TIAA. Both are actively managed. Over the past year, QREARX returned 3.24% vs 29.34% for QCSTPX. At a correlation of -0.08, they often move in opposite directions.

Performance

QREARX vs. QCSTPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA Real Estate Account (QREARX) and CREF Total Global Stock Account Class R2 (QCSTPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QREARX achieves a 0.95% return, which is significantly lower than QCSTPX's 12.14% return.

QREARX

• 1D: 0.02%
• 1M: 0.15%
• YTD: 0.95%
• 6M: 1.12%
• 1Y: 3.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCSTPX

• 1D: 0.35%
• 1M: 4.38%
• YTD: 12.14%
• 6M: 13.32%
• 1Y: 29.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QREARX vs. QCSTPX - Yearly Performance Comparison

	2026 (YTD)	2025
QREARX TIAA Real Estate Account	0.95%	3.93%
QCSTPX CREF Total Global Stock Account Class R2	12.14%	20.41%

Correlation

The correlation between QREARX and QCSTPX is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025	-0.08

Return for Risk

QREARX vs. QCSTPX — Risk / Return Rank

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

QREARX

QREARX Risk / Return Rank: 98
QREARX Sharpe Ratio Rank: 99
QREARX Sortino Ratio Rank: 98
QREARX Omega Ratio Rank: 98
QREARX Calmar Ratio Rank: 98
QREARX Martin Ratio Rank: 98

QCSTPX

QCSTPX Risk / Return Rank: 64
QCSTPX Sharpe Ratio Rank: 65
QCSTPX Sortino Ratio Rank: 60
QCSTPX Omega Ratio Rank: 61
QCSTPX Calmar Ratio Rank: 64
QCSTPX Martin Ratio Rank: 72

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. QCSTPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA Real Estate Account (QREARX) and CREF Total Global Stock Account Class R2 (QCSTPX). 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	QCSTPX	Difference
Sharpe ratio Return per unit of total volatility	4.33	2.37	+1.96
Sortino ratio Return per unit of downside risk	6.63	3.25	+3.38
Omega ratio Gain probability vs. loss probability	2.51	1.43	+1.08
Calmar ratio Return relative to maximum drawdown	8.63	3.09	+5.54
Martin ratio Return relative to average drawdown	31.50	13.75	+17.75
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. QCSTPX - Sharpe Ratio Comparison

The current QREARX Sharpe Ratio is 4.33, which is higher than the QCSTPX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of QREARX and QCSTPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QREARX	QCSTPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.33	2.37	+1.96
Sharpe Ratio (All Time) Calculated using the full available price history	2.12	1.57	+0.56

Drawdowns

QREARX vs. QCSTPX - Drawdown Comparison

The maximum QREARX drawdown since its inception was -1.45%, smaller than the maximum QCSTPX drawdown of -16.98%. Use the drawdown chart below to compare losses from any high point for QREARX and QCSTPX.

Drawdown Indicators

	QREARX	QCSTPX	Difference
Max Drawdown Largest peak-to-trough decline	-1.45%	-16.98%	+15.53%
Max Drawdown (1Y) Largest decline over 1 year	-0.37%	-9.95%	+9.58%
Current Drawdown Current decline from peak	-0.06%	0.00%	-0.06%
Average Drawdown Average peak-to-trough decline	-0.06%	-2.04%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	2.23%	-2.13%

Volatility

QREARX vs. QCSTPX - Volatility Comparison

The current volatility for TIAA Real Estate Account (QREARX) is 0.14%, while CREF Total Global Stock Account Class R2 (QCSTPX) has a volatility of 3.74%. This indicates that QREARX experiences smaller price fluctuations and is considered to be less risky than QCSTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QREARX	QCSTPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	3.74%	-3.60%
Volatility (6M) Calculated over the trailing 6-month period	0.45%	10.28%	-9.83%
Volatility (1Y) Calculated over the trailing 1-year period	0.77%	12.88%	-12.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.66%	15.23%	-13.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.66%	15.23%	-13.57%

Dividends

QREARX vs. QCSTPX - Dividend Comparison

Neither QREARX nor QCSTPX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QREARX and QCSTPX in my portfolio?

QREARX and QCSTPX have a correlation of -0.12, 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 QCSTPX?

QCSTPX has higher volatility (3.74%) compared to QREARX (0.14%). In terms of maximum drawdown, QREARX dropped -1.45% vs QCSTPX's -16.98%.

Which has better risk-adjusted returns?

QREARX currently has the higher Sharpe Ratio (4.33 vs 2.37), 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.