RRESX vs. CRARX
RRESX (Russell Investments Global Real Estate Securities Fund) and CRARX (MainStay CBRE Real Estate Fund) are both REIT funds. Over the past 10 years, RRESX returned 3.42%/yr vs 4.72%/yr for CRARX. Their correlation of 0.93 suggests significant overlap in exposure. RRESX charges 1.09%/yr vs 0.83%/yr for CRARX.
Performance
RRESX vs. CRARX - Performance Comparison
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Returns By Period
In the year-to-date period, RRESX achieves a 9.88% return, which is significantly lower than CRARX's 16.45% return. Over the past 10 years, RRESX has underperformed CRARX with an annualized return of 3.42%, while CRARX has yielded a comparatively higher 4.72% annualized return.
RRESX
- 1D
- 0.25%
- 1M
- -0.16%
- 6M
- 8.16%
- YTD
- 9.88%
- 1Y
- 13.09%
- 3Y*
- 9.01%
- 5Y*
- 0.59%
- 10Y*
- 3.42%
CRARX
- 1D
- 0.26%
- 1M
- -0.78%
- 6M
- 15.09%
- YTD
- 16.45%
- 1Y
- 15.78%
- 3Y*
- 8.47%
- 5Y*
- 2.60%
- 10Y*
- 4.72%
RRESX vs. CRARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RRESX Russell Investments Global Real Estate Securities Fund | 9.88% | 8.39% | 1.08% | 10.27% | -26.99% | 26.80% | -5.53% | 21.66% | -6.72% | 11.51% |
CRARX MainStay CBRE Real Estate Fund | 16.45% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
Correlation
The correlation between RRESX and CRARX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | 0.93 |
The correlation between RRESX and CRARX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
RRESX vs. CRARX — Risk / Return Rank
RRESX
CRARX
RRESX vs. CRARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Global Real Estate Securities Fund (RRESX) and MainStay CBRE Real Estate Fund (CRARX). 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.
| RRESX | CRARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.05 | -0.77 |
| Martin ratioReturn relative to average drawdown | 4.75 | 6.45 | -1.70 |
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Drawdowns
RRESX vs. CRARX - Drawdown Comparison
The maximum RRESX drawdown since its inception was -72.09%, roughly equal to the maximum CRARX drawdown of -72.66%. Use the drawdown chart below to compare losses from any high point for RRESX and CRARX.
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Drawdown Indicators
| RRESX | CRARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.09% | -72.66% | +0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -7.99% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | -18.78% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -34.51% | -35.43% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -41.43% | -45.19% | +3.76% |
Current DrawdownCurrent decline from peak | -3.07% | -3.03% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -13.15% | -12.54% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.53% | +0.26% |
Volatility
RRESX vs. CRARX - Volatility Comparison
The current volatility for Russell Investments Global Real Estate Securities Fund (RRESX) is 4.31%, while MainStay CBRE Real Estate Fund (CRARX) has a volatility of 5.30%. This indicates that RRESX experiences smaller price fluctuations and is considered to be less risky than CRARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RRESX | CRARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 5.30% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 10.58% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 13.63% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 19.06% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 21.32% | -3.90% |
RRESX vs. CRARX - Expense Ratio Comparison
RRESX has a 1.09% expense ratio, which is higher than CRARX's 0.83% expense ratio.
Dividends
RRESX vs. CRARX - Dividend Comparison
RRESX's dividend yield for the trailing twelve months is around 2.64%, more than CRARX's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 2.10% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
RRESX Russell Investments Global Real Estate Securities Fund | 2.64% | 3.32% | 2.91% | 2.12% | 2.46% | 6.40% | 1.52% | 7.15% | 4.03% | 7.92% | 11.30% | 7.50% |
Frequently Asked Questions
With a correlation of 0.90, RRESX and CRARX 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.
CRARX has higher volatility (5.30%) compared to RRESX (4.31%). In terms of maximum drawdown, RRESX dropped -72.09% vs CRARX's -72.66%.
CRARX currently has the higher Sharpe Ratio (1.20 vs 1.09), 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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