REIFX vs. VGRLX
Compare and contrast key facts about Third Avenue International Real Estate Value Fund (REIFX) and Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX).
REIFX is managed by Third Avenue. It was launched on May 7, 2014. VGRLX is managed by Vanguard. It was launched on Feb 10, 2011.
Performance
REIFX vs. VGRLX - Performance Comparison
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REIFX vs. VGRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REIFX Third Avenue International Real Estate Value Fund | -1.43% | 25.35% | -5.51% | 13.91% | -18.22% | 18.78% | 5.04% | 21.50% | -5.89% | 27.14% |
VGRLX Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares | -2.01% | 22.00% | -2.42% | 6.19% | -22.36% | 5.65% | -6.91% | 21.44% | -9.55% | 26.53% |
Returns By Period
In the year-to-date period, REIFX achieves a -1.43% return, which is significantly higher than VGRLX's -2.01% return. Over the past 10 years, REIFX has outperformed VGRLX with an annualized return of 7.01%, while VGRLX has yielded a comparatively lower 2.60% annualized return.
REIFX
- 1D
- 2.23%
- 1M
- -6.21%
- YTD
- -1.43%
- 6M
- -2.36%
- 1Y
- 15.72%
- 3Y*
- 8.87%
- 5Y*
- 4.61%
- 10Y*
- 7.01%
VGRLX
- 1D
- 1.64%
- 1M
- -7.37%
- YTD
- -2.01%
- 6M
- -0.89%
- 1Y
- 15.68%
- 3Y*
- 8.13%
- 5Y*
- -0.32%
- 10Y*
- 2.60%
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REIFX vs. VGRLX - Expense Ratio Comparison
REIFX has a 1.00% expense ratio, which is higher than VGRLX's 0.12% expense ratio.
Return for Risk
REIFX vs. VGRLX — Risk / Return Rank
REIFX
VGRLX
REIFX vs. VGRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue International Real Estate Value Fund (REIFX) and Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX). 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.
| REIFX | VGRLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.28 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.73 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.15 | 0.00 |
Martin ratioReturn relative to average drawdown | 4.64 | 5.01 | -0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| REIFX | VGRLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.28 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.02 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.18 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.22 | +0.22 |
Correlation
The correlation between REIFX and VGRLX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
REIFX vs. VGRLX - Dividend Comparison
REIFX's dividend yield for the trailing twelve months is around 2.31%, less than VGRLX's 4.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REIFX Third Avenue International Real Estate Value Fund | 2.31% | 2.28% | 2.37% | 2.63% | 1.98% | 2.22% | 3.74% | 1.40% | 11.92% | 2.80% | 0.90% | 3.00% |
VGRLX Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares | 4.79% | 4.69% | 5.17% | 3.74% | 0.56% | 6.49% | 0.92% | 7.76% | 4.62% | 3.86% | 5.17% | 2.84% |
Drawdowns
REIFX vs. VGRLX - Drawdown Comparison
The maximum REIFX drawdown since its inception was -37.61%, roughly equal to the maximum VGRLX drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for REIFX and VGRLX.
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Drawdown Indicators
| REIFX | VGRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.61% | -38.77% | +1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -14.35% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -26.20% | -35.54% | +9.34% |
Max Drawdown (10Y)Largest decline over 10 years | -37.61% | -38.77% | +1.16% |
Current DrawdownCurrent decline from peak | -10.95% | -11.19% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -10.89% | +4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 3.30% | +0.19% |
Volatility
REIFX vs. VGRLX - Volatility Comparison
Third Avenue International Real Estate Value Fund (REIFX) has a higher volatility of 5.87% compared to Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX) at 5.54%. This indicates that REIFX's price experiences larger fluctuations and is considered to be riskier than VGRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REIFX | VGRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 5.54% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 8.68% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 12.41% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.99% | 13.81% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 14.69% | -0.46% |