SAREX vs. CSDIX
SAREX (SA Real Estate Securities Fund) and CSDIX (Cohen & Steers Real Estate Securities Fund CLASS I) are both REIT funds. Over the past 10 years, SAREX returned 5.33%/yr vs 7.41%/yr for CSDIX. With a 0.97 correlation, they move nearly in lockstep. SAREX charges 0.75%/yr vs 0.84%/yr for CSDIX.
Performance
SAREX vs. CSDIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SAREX having a 15.24% return and CSDIX slightly lower at 14.61%. Over the past 10 years, SAREX has underperformed CSDIX with an annualized return of 5.33%, while CSDIX has yielded a comparatively higher 7.41% annualized return.
SAREX
- 1D
- 1.28%
- 1M
- 1.12%
- YTD
- 15.24%
- 6M
- 15.03%
- 1Y
- 12.47%
- 3Y*
- 11.23%
- 5Y*
- 3.00%
- 10Y*
- 5.33%
CSDIX
- 1D
- 1.23%
- 1M
- 0.71%
- YTD
- 14.61%
- 6M
- 14.61%
- 1Y
- 12.98%
- 3Y*
- 12.86%
- 5Y*
- 4.42%
- 10Y*
- 7.41%
SAREX vs. CSDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAREX SA Real Estate Securities Fund | 15.24% | 0.73% | 4.61% | 10.60% | -25.42% | 40.94% | -6.22% | 26.91% | -4.00% | 4.61% |
CSDIX Cohen & Steers Real Estate Securities Fund CLASS I | 14.61% | 4.32% | 6.73% | 13.18% | -26.33% | 41.70% | -1.74% | 31.84% | -4.25% | 8.09% |
Correlation
The correlation between SAREX and CSDIX is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.97 |
The correlation between SAREX and CSDIX has been stable across timeframes, ranging from 0.88 to 0.97 - a consistent structural relationship.
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Return for Risk
SAREX vs. CSDIX — Risk / Return Rank
SAREX
CSDIX
SAREX vs. CSDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SA Real Estate Securities Fund (SAREX) and Cohen & Steers Real Estate Securities Fund CLASS I (CSDIX). 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 | CSDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.69 | -0.67 |
| Martin ratioReturn relative to average drawdown | 3.60 | 5.02 | -1.42 |
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Drawdowns
SAREX vs. CSDIX - Drawdown Comparison
The maximum SAREX drawdown since its inception was -68.50%, smaller than the maximum CSDIX drawdown of -72.37%. Use the drawdown chart below to compare losses from any high point for SAREX and CSDIX.
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Drawdown Indicators
| SAREX | CSDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.50% | -72.37% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -7.91% | -5.72% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -17.23% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -33.09% | -0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -42.68% | +1.12% |
Current DrawdownCurrent decline from peak | -2.17% | -0.45% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -12.54% | -10.92% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 2.66% | +1.08% |
Volatility
SAREX vs. CSDIX - Volatility Comparison
SA Real Estate Securities Fund (SAREX) and Cohen & Steers Real Estate Securities Fund CLASS I (CSDIX) have volatilities of 5.21% and 5.23%, 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 | CSDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 5.23% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 23.02% | 10.65% | +12.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.74% | 13.89% | +11.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 18.73% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 20.90% | +0.93% |
SAREX vs. CSDIX - Expense Ratio Comparison
SAREX has a 0.75% expense ratio, which is lower than CSDIX's 0.84% expense ratio.
Dividends
SAREX vs. CSDIX - Dividend Comparison
SAREX's dividend yield for the trailing twelve months is around 2.79%, less than CSDIX's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSDIX Cohen & Steers Real Estate Securities Fund CLASS I | 3.31% | 3.72% | 2.78% | 2.93% | 7.67% | 4.30% | 5.39% | 7.62% | 3.60% | 2.52% | 5.84% | 19.24% |
SAREX SA Real Estate Securities Fund | 2.79% | 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 CSDIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSDIX has higher volatility (5.23%) compared to SAREX (5.21%). In terms of maximum drawdown, SAREX dropped -68.50% vs CSDIX's -72.37%.
CSDIX currently has the higher Sharpe Ratio (0.97 vs 0.54), 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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