RPFRX vs. CREMX
RPFRX (Davis Real Estate Fund) and CREMX (Redwood Real Estate Income Fund) are both REIT funds. Over the past year, RPFRX returned 5.01% vs 7.47% for CREMX. At a correlation of -0.02, they often move in opposite directions. RPFRX charges 0.95%/yr vs 5.16%/yr for CREMX.
Performance
RPFRX vs. CREMX - Performance Comparison
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Returns By Period
In the year-to-date period, RPFRX achieves a 10.84% return, which is significantly higher than CREMX's 3.39% return.
RPFRX
- 1D
- 0.67%
- 1M
- 2.13%
- YTD
- 10.84%
- 6M
- 11.55%
- 1Y
- 5.01%
- 3Y*
- 6.71%
- 5Y*
- -0.13%
- 10Y*
- 3.98%
CREMX
- 1D
- 0.04%
- 1M
- 0.52%
- YTD
- 3.39%
- 6M
- 3.58%
- 1Y
- 7.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RPFRX vs. CREMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RPFRX Davis Real Estate Fund | 10.84% | -6.17% | 2.30% | 9.28% |
CREMX Redwood Real Estate Income Fund | 3.39% | 7.72% | 8.09% | 1.95% |
Correlation
The correlation between RPFRX and CREMX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2023 | -0.02 |
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Return for Risk
RPFRX vs. CREMX — Risk / Return Rank
RPFRX
CREMX
RPFRX vs. CREMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis Real Estate Fund (RPFRX) and Redwood Real Estate Income Fund (CREMX). 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.
| RPFRX | CREMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.44 | ||
| Sortino ratioReturn per unit of downside risk | -182.82 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 183.38 | -182.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 191.47 | -190.87 |
| Martin ratioReturn relative to average drawdown | 1.44 | 3,021.27 | -3,019.83 |
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Drawdowns
RPFRX vs. CREMX - Drawdown Comparison
The maximum RPFRX drawdown since its inception was -75.01%, which is greater than CREMX's maximum drawdown of -0.71%. Use the drawdown chart below to compare losses from any high point for RPFRX and CREMX.
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Drawdown Indicators
| RPFRX | CREMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.01% | -0.71% | -74.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -0.04% | -10.09% |
Max Drawdown (3Y)Largest decline over 3 years | -22.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.29% | — | — |
Current DrawdownCurrent decline from peak | -14.05% | 0.00% | -14.05% |
Average DrawdownAverage peak-to-trough decline | -13.41% | -0.02% | -13.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 0.00% | +4.19% |
Volatility
RPFRX vs. CREMX - Volatility Comparison
Davis Real Estate Fund (RPFRX) has a higher volatility of 4.80% compared to Redwood Real Estate Income Fund (CREMX) at 0.11%. This indicates that RPFRX's price experiences larger fluctuations and is considered to be riskier than CREMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPFRX | CREMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 0.11% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 0.30% | +10.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.82% | 0.43% | +14.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 0.86% | +18.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.16% | 0.86% | +20.30% |
RPFRX vs. CREMX - Expense Ratio Comparison
RPFRX has a 0.95% expense ratio, which is lower than CREMX's 5.16% expense ratio.
Dividends
RPFRX vs. CREMX - Dividend Comparison
RPFRX's dividend yield for the trailing twelve months is around 6.50%, less than CREMX's 7.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CREMX Redwood Real Estate Income Fund | 7.11% | 7.38% | 7.64% | 1.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RPFRX Davis Real Estate Fund | 6.50% | 6.48% | 1.43% | 2.26% | 5.33% | 1.05% | 1.77% | 2.78% | 6.03% | 5.84% | 1.61% | 1.19% |
Frequently Asked Questions
RPFRX and CREMX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPFRX has higher volatility (4.80%) compared to CREMX (0.11%). In terms of maximum drawdown, RPFRX dropped -75.01% vs CREMX's -0.71%.
CREMX currently has the higher Sharpe Ratio (17.85 vs 0.41), 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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