REACX vs. CREEX

Last updated Jun 24, 2026

REACX (American Century Real Estate Fund) and CREEX (Columbia Real Estate Equity Fund) are both REIT funds. Over the past 10 years, REACX returned 5.55%/yr vs 5.89%/yr for CREEX. With a 0.97 correlation, they move nearly in lockstep. REACX charges 1.14%/yr vs 1.01%/yr for CREEX.

Performance

REACX vs. CREEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Real Estate Fund (REACX) and Columbia Real Estate Equity Fund (CREEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REACX achieves a 12.49% return, which is significantly lower than CREEX's 13.56% return. Over the past 10 years, REACX has underperformed CREEX with an annualized return of 5.55%, while CREEX has yielded a comparatively higher 5.89% 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%

CREEX

• 1D: -0.57%
• 1M: -1.31%
• YTD: 13.56%
• 6M: 13.93%
• 1Y: 12.89%
• 3Y*: 11.49%
• 5Y*: 4.68%
• 10Y*: 5.89%

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

REACX vs. CREEX - 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%
CREEX Columbia Real Estate Equity Fund	13.56%	0.19%	7.40%	16.20%	-25.10%	41.91%	-3.54%	28.40%	-7.21%	4.56%

Correlation

The correlation between REACX and CREEX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996	0.97

The correlation between REACX and CREEX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

REACX vs. CREEX — Risk / Return Rank

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

REACX

REACX Risk / Return Rank: 17
REACX Sharpe Ratio Rank: 13
REACX Sortino Ratio Rank: 12
REACX Omega Ratio Rank: 13
REACX Calmar Ratio Rank: 23
REACX Martin Ratio Rank: 22

CREEX

CREEX Risk / Return Rank: 19
CREEX Sharpe Ratio Rank: 15
CREEX Sortino Ratio Rank: 14
CREEX Omega Ratio Rank: 14
CREEX Calmar Ratio Rank: 27
CREEX Martin Ratio Rank: 24

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.

REACX vs. CREEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Real Estate Fund (REACX) and Columbia Real Estate Equity Fund (CREEX). 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	CREEX	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.01	-0.07
Sortino ratio: Return per unit of downside risk	1.33	1.43	-0.10
Omega ratio: Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	1.65	1.81	-0.16
Martin ratio: Return relative to average drawdown	4.99	5.38	-0.39

REACX vs. CREEX - Sharpe Ratio Comparison

The current REACX Sharpe Ratio is 0.94, which is comparable to the CREEX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of REACX and CREEX, 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

REACX vs. CREEX - Drawdown Comparison

The maximum REACX drawdown since its inception was -75.80%, which is greater than CREEX's maximum drawdown of -70.78%. Use the drawdown chart below to compare losses from any high point for REACX and CREEX.

Drawdown Indicators

	REACX	CREEX	Difference
Max Drawdown Largest peak-to-trough decline	-75.80%	-70.78%	-5.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	-7.94%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-17.16%	-19.89%	+2.73%
Max Drawdown (5Y) Largest decline over 5 years	-32.15%	-31.25%	-0.90%
Max Drawdown (10Y) Largest decline over 10 years	-41.88%	-41.42%	-0.46%
Current Drawdown Current decline from peak	-1.50%	-2.85%	+1.35%
Average Drawdown Average peak-to-trough decline	-12.57%	-10.70%	-1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	2.66%	-0.11%

Volatility

REACX vs. CREEX - Volatility Comparison

American Century Real Estate Fund (REACX) has a higher volatility of 5.15% compared to Columbia Real Estate Equity Fund (CREEX) at 4.82%. This indicates that REACX's price experiences larger fluctuations and is considered to be riskier than CREEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REACX	CREEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	4.82%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	10.07%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	14.19%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.50%	19.06%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	20.70%	-0.16%

REACX vs. CREEX - Expense Ratio Comparison

REACX has a 1.14% expense ratio, which is higher than CREEX's 1.01% expense ratio.

Dividends

REACX vs. CREEX - Dividend Comparison

REACX's dividend yield for the trailing twelve months is around 2.26%, less than CREEX's 3.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CREEX Columbia Real Estate Equity Fund	3.83%	6.26%	10.13%	32.32%	5.92%	6.41%	7.50%	12.02%	8.22%	14.73%	4.23%	8.59%
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

Can I hold both REACX and CREEX in my portfolio?

With a correlation of 0.96, REACX and CREEX 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.

Which is riskier, REACX or CREEX?

REACX has higher volatility (5.15%) compared to CREEX (4.82%). In terms of maximum drawdown, REACX dropped -75.80% vs CREEX's -70.78%.

Which has better risk-adjusted returns?

CREEX currently has the higher Sharpe Ratio (1.01 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.