SAREX vs. CREEX
SAREX (SA Real Estate Securities Fund) and CREEX (Columbia Real Estate Equity Fund) are both REIT funds. Over the past 10 years, SAREX returned 4.78%/yr vs 5.78%/yr for CREEX. With a 0.97 correlation, they move nearly in lockstep. SAREX charges 0.75%/yr vs 1.01%/yr for CREEX.
Performance
SAREX vs. CREEX - Performance Comparison
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Returns By Period
In the year-to-date period, SAREX achieves a 16.15% return, which is significantly lower than CREEX's 18.89% return. Over the past 10 years, SAREX has underperformed CREEX with an annualized return of 4.78%, while CREEX has yielded a comparatively higher 5.78% annualized return.
SAREX
- 1D
- 0.63%
- 1M
- -0.08%
- 6M
- 14.17%
- YTD
- 16.15%
- 1Y
- 14.25%
- 3Y*
- 8.62%
- 5Y*
- 2.47%
- 10Y*
- 4.78%
CREEX
- 1D
- 0.56%
- 1M
- 1.70%
- 6M
- 16.63%
- YTD
- 18.89%
- 1Y
- 19.90%
- 3Y*
- 10.17%
- 5Y*
- 4.86%
- 10Y*
- 5.78%
SAREX vs. CREEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAREX SA Real Estate Securities Fund | 16.15% | 0.73% | 4.61% | 10.60% | -25.42% | 40.94% | -6.22% | 26.91% | -4.00% | 4.61% |
CREEX Columbia Real Estate Equity Fund | 18.89% | 0.19% | 7.40% | 16.20% | -25.10% | 41.91% | -3.54% | 28.40% | -7.21% | 4.56% |
Correlation
The correlation between SAREX and CREEX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.97 |
The correlation between SAREX and CREEX shifts across timeframes, from 0.86 (1 year) to 0.97 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SAREX vs. CREEX — Risk / Return Rank
SAREX
CREEX
SAREX vs. CREEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SA Real Estate Securities Fund (SAREX) 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.
| SAREX | CREEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.61 | -1.42 |
| Martin ratioReturn relative to average drawdown | 4.20 | 8.16 | -3.97 |
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Drawdowns
SAREX vs. CREEX - Drawdown Comparison
The maximum SAREX drawdown since its inception was -68.50%, roughly equal to the maximum CREEX drawdown of -70.78%. Use the drawdown chart below to compare losses from any high point for SAREX and CREEX.
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Drawdown Indicators
| SAREX | CREEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.50% | -70.78% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -7.94% | -5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -19.89% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -31.25% | -2.62% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -41.42% | -0.14% |
Current DrawdownCurrent decline from peak | -1.39% | -0.82% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -10.69% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 2.54% | +1.21% |
Volatility
SAREX vs. CREEX - Volatility Comparison
SA Real Estate Securities Fund (SAREX) and Columbia Real Estate Equity Fund (CREEX) have volatilities of 4.97% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAREX | CREEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 4.83% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 23.20% | 10.58% | +12.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.72% | 14.23% | +11.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 19.09% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 20.70% | +1.13% |
SAREX vs. CREEX - Expense Ratio Comparison
SAREX has a 0.75% expense ratio, which is lower than CREEX's 1.01% expense ratio.
Dividends
SAREX vs. CREEX - Dividend Comparison
SAREX's dividend yield for the trailing twelve months is around 2.77%, less than CREEX's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CREEX Columbia Real Estate Equity Fund | 5.64% | 6.26% | 10.13% | 32.32% | 5.92% | 6.41% | 7.50% | 12.02% | 8.22% | 14.73% | 4.23% | 8.59% |
SAREX SA Real Estate Securities Fund | 2.77% | 3.22% | 3.22% | 3.04% | 7.62% | 8.33% | 3.87% | 4.29% | 3.98% | 2.90% | 3.67% | 1.80% |
Frequently Asked Questions
SAREX and CREEX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAREX has higher volatility (4.97%) compared to CREEX (4.83%). In terms of maximum drawdown, SAREX dropped -68.50% vs CREEX's -70.78%.
CREEX currently has the higher Sharpe Ratio (1.46 vs 0.63), 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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