REACX vs. BIREX
REACX (American Century Real Estate Fund) and BIREX (BlackRock Real Estate Securities Fund) are both REIT funds. Over the past 10 years, REACX returned 5.55%/yr vs 6.43%/yr for BIREX. With a 0.98 correlation, they move nearly in lockstep. REACX charges 1.14%/yr vs 0.75%/yr for BIREX.
Performance
REACX vs. BIREX - Performance Comparison
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Returns By Period
In the year-to-date period, REACX achieves a 12.49% return, which is significantly lower than BIREX's 14.21% return. Over the past 10 years, REACX has underperformed BIREX with an annualized return of 5.55%, while BIREX has yielded a comparatively higher 6.43% annualized return.
REACX
- 1D
- 1.44%
- 1M
- -0.34%
- YTD
- 12.49%
- 6M
- 12.67%
- 1Y
- 11.08%
- 3Y*
- 11.81%
- 5Y*
- 3.51%
- 10Y*
- 5.55%
BIREX
- 1D
- 1.08%
- 1M
- -0.47%
- YTD
- 14.21%
- 6M
- 14.60%
- 1Y
- 13.80%
- 3Y*
- 11.90%
- 5Y*
- 3.34%
- 10Y*
- 6.43%
REACX vs. BIREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REACX American Century Real Estate Fund | 12.49% | 0.81% | 7.63% | 10.97% | -24.64% | 41.52% | -8.31% | 30.73% | -4.18% | 5.09% |
BIREX BlackRock Real Estate Securities Fund | 14.21% | 3.08% | 3.75% | 13.57% | -27.58% | 46.24% | -4.17% | 27.75% | -2.95% | 6.19% |
Correlation
The correlation between REACX and BIREX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.98 |
The correlation between REACX and BIREX has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
REACX vs. BIREX — Risk / Return Rank
REACX
BIREX
REACX vs. BIREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Real Estate Fund (REACX) and BlackRock Real Estate Securities Fund (BIREX). 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.
| REACX | BIREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.89 | -0.24 |
| Martin ratioReturn relative to average drawdown | 4.99 | 6.18 | -1.19 |
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Drawdowns
REACX vs. BIREX - Drawdown Comparison
The maximum REACX drawdown since its inception was -75.80%, which is greater than BIREX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for REACX and BIREX.
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Drawdown Indicators
| REACX | BIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.80% | -41.92% | -33.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -8.16% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.16% | -18.05% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -32.15% | -34.76% | +2.61% |
Max Drawdown (10Y)Largest decline over 10 years | -41.88% | -41.92% | +0.04% |
Current DrawdownCurrent decline from peak | -1.50% | -1.75% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -12.57% | -9.69% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.49% | +0.06% |
Volatility
REACX vs. BIREX - Volatility Comparison
American Century Real Estate Fund (REACX) has a higher volatility of 5.15% compared to BlackRock Real Estate Securities Fund (BIREX) at 4.66%. This indicates that REACX's price experiences larger fluctuations and is considered to be riskier than BIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REACX | BIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 4.66% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 10.15% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 13.55% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 18.77% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.54% | 20.93% | -0.39% |
REACX vs. BIREX - Expense Ratio Comparison
REACX has a 1.14% expense ratio, which is higher than BIREX's 0.75% expense ratio.
Dividends
REACX vs. BIREX - Dividend Comparison
REACX's dividend yield for the trailing twelve months is around 2.26%, less than BIREX's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIREX BlackRock Real Estate Securities Fund | 2.67% | 2.98% | 2.88% | 2.87% | 4.36% | 1.63% | 2.16% | 1.93% | 3.07% | 9.88% | 6.72% | 6.75% |
REACX American Century Real Estate Fund | 2.26% | 2.15% | 1.89% | 2.28% | 11.26% | 11.49% | 1.71% | 8.71% | 8.73% | 4.66% | 11.80% | 2.51% |
Frequently Asked Questions
With a correlation of 0.98, REACX and BIREX 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.
REACX has higher volatility (5.15%) compared to BIREX (4.66%). In terms of maximum drawdown, REACX dropped -75.80% vs BIREX's -41.92%.
BIREX currently has the higher Sharpe Ratio (1.14 vs 0.94), 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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