REIPX vs. MXREX
REIPX (T. Rowe Price Real Estate Fund Class I) and MXREX (Great-West Real Estate Index Fund) are both REIT funds. Over the past 10 years, REIPX returned 12.36%/yr vs 4.21%/yr for MXREX. A 0.57 correlation means they provide meaningful diversification when combined. REIPX charges 0.65%/yr vs 0.70%/yr for MXREX.
Performance
REIPX vs. MXREX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REIPX achieves a 13.66% return, which is significantly lower than MXREX's 15.55% return. Over the past 10 years, REIPX has outperformed MXREX with an annualized return of 12.36%, while MXREX has yielded a comparatively lower 4.21% annualized return.
REIPX
- 1D
- 0.11%
- 1M
- 1.49%
- YTD
- 13.66%
- 6M
- 13.30%
- 1Y
- 24.53%
- 3Y*
- 17.14%
- 5Y*
- 10.70%
- 10Y*
- 12.36%
MXREX
- 1D
- 1.36%
- 1M
- 0.64%
- YTD
- 15.55%
- 6M
- 15.86%
- 1Y
- 18.03%
- 3Y*
- 13.16%
- 5Y*
- 4.48%
- 10Y*
- 4.21%
REIPX vs. MXREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REIPX T. Rowe Price Real Estate Fund Class I | 13.66% | 14.74% | 11.96% | 9.84% | -3.09% | 25.70% | 1.40% | 33.77% | -9.20% | 15.57% |
MXREX Great-West Real Estate Index Fund | 15.55% | 3.16% | 7.47% | 13.31% | -26.44% | 45.80% | -12.52% | 22.41% | -4.92% | 2.25% |
Correlation
The correlation between REIPX and MXREX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.57 |
The correlation between REIPX and MXREX has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REIPX vs. MXREX — Risk / Return Rank
REIPX
MXREX
REIPX vs. MXREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Real Estate Fund Class I (REIPX) and Great-West Real Estate Index Fund (MXREX). 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.
| REIPX | MXREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.25 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 2.59 | +0.91 |
| Martin ratioReturn relative to average drawdown | 12.98 | 8.56 | +4.43 |
Loading charts...
Drawdowns
REIPX vs. MXREX - Drawdown Comparison
The maximum REIPX drawdown since its inception was -39.69%, smaller than the maximum MXREX drawdown of -43.89%. Use the drawdown chart below to compare losses from any high point for REIPX and MXREX.
Loading charts...
Drawdown Indicators
| REIPX | MXREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.69% | -43.89% | +4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -7.73% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -18.79% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -18.02% | -33.06% | +15.04% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -43.89% | +4.20% |
Current DrawdownCurrent decline from peak | -0.55% | -1.33% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -11.59% | +7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.31% | -0.35% |
Volatility
REIPX vs. MXREX - Volatility Comparison
The current volatility for T. Rowe Price Real Estate Fund Class I (REIPX) is 3.60%, while Great-West Real Estate Index Fund (MXREX) has a volatility of 5.29%. This indicates that REIPX experiences smaller price fluctuations and is considered to be less risky than MXREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| REIPX | MXREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 5.29% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 10.21% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 13.94% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 19.37% | -4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 21.98% | -4.13% |
REIPX vs. MXREX - Expense Ratio Comparison
REIPX has a 0.65% expense ratio, which is lower than MXREX's 0.70% expense ratio.
Dividends
REIPX vs. MXREX - Dividend Comparison
REIPX's dividend yield for the trailing twelve months is around 2.50%, more than MXREX's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MXREX Great-West Real Estate Index Fund | 1.79% | 2.07% | 6.74% | 1.85% | 4.69% | 1.93% | 1.60% | 4.51% | 4.10% | 3.36% | 0.00% |
REIPX T. Rowe Price Real Estate Fund Class I | 2.50% | 2.87% | 9.05% | 6.30% | 6.86% | 8.89% | 3.65% | 12.62% | 11.53% | 9.03% | 7.88% |
Frequently Asked Questions
REIPX and MXREX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXREX has higher volatility (5.29%) compared to REIPX (3.60%). In terms of maximum drawdown, REIPX dropped -39.69% vs MXREX's -43.89%.
REIPX currently has the higher Sharpe Ratio (2.32 vs 1.44), 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.
Find the right allocation for REIPX and MXREX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer