SAREX vs. SAHMX
SAREX (SA Real Estate Securities Fund) and SAHMX (SA International Value Fund) are both mutual funds - SAREX is a REIT fund managed by SA Funds, while SAHMX is a Foreign Large Cap Equities fund managed by SA Funds. Over the past 10 years, SAREX returned 4.74%/yr vs 11.50%/yr for SAHMX. Their 0.36 correlation means their historical movements had little consistent relationship. SAREX charges 0.75%/yr vs 1.11%/yr for SAHMX.
Performance
SAREX vs. SAHMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SAREX having a 17.15% return and SAHMX slightly lower at 16.52%. Over the past 10 years, SAREX has underperformed SAHMX with an annualized return of 4.74%, while SAHMX has yielded a comparatively higher 11.50% annualized return.
SAREX
- 1D
- -0.54%
- 1M
- 0.71%
- 6M
- 15.47%
- YTD
- 17.15%
- 1Y
- 18.22%
- 3Y*
- 9.37%
- 5Y*
- 2.51%
- 10Y*
- 4.74%
- ALL TIME*
- 6.35%
SAHMX
- 1D
- 0.20%
- 1M
- 4.78%
- 6M
- 10.04%
- YTD
- 16.52%
- 1Y
- 36.36%
- 3Y*
- 22.02%
- 5Y*
- 15.28%
- 10Y*
- 11.50%
- ALL TIME*
- 6.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SAREX vs. SAHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAREX SA Real Estate Securities Fund | 17.15% | 0.73% | 4.61% | 10.60% | -25.42% | 40.94% | -6.22% | 26.91% | -4.00% | 4.61% |
SAHMX SA International Value Fund | 16.52% | 44.08% | 5.44% | 16.49% | -3.70% | 17.59% | -2.48% | 14.61% | -17.95% | 25.06% |
Correlation
The correlation between SAREX and SAHMX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.36 |
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Return for Risk
SAREX vs. SAHMX — Risk / Return Rank
SAREX
SAHMX
SAREX vs. SAHMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SA Real Estate Securities Fund (SAREX) and SA International Value Fund (SAHMX). 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 | SAHMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.59 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 4.52 | -3.08 |
| Martin ratioReturn relative to average drawdown | 5.27 | 15.17 | -9.90 |
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Drawdowns
SAREX vs. SAHMX - Drawdown Comparison
The maximum SAREX drawdown since its inception was -68.50%, roughly equal to the maximum SAHMX drawdown of -66.58%. Use the drawdown chart below to compare losses from any high point for SAREX and SAHMX.
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Drawdown Indicators
| SAREX | SAHMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.50% | -66.58% | -1.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -8.72% | -4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -14.85% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -25.10% | -8.77% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -48.63% | +7.07% |
Current DrawdownCurrent decline from peak | -2.21% | 0.00% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -16.08% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 2.55% | +1.19% |
Volatility
SAREX vs. SAHMX - Volatility Comparison
SA Real Estate Securities Fund (SAREX) has a higher volatility of 4.54% compared to SA International Value Fund (SAHMX) at 3.38%. This indicates that SAREX's price experiences larger fluctuations and is considered to be riskier than SAHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAREX | SAHMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 3.38% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 23.23% | 9.61% | +13.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.51% | 12.11% | +13.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.43% | 15.41% | +6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 16.05% | +5.79% |
SAREX vs. SAHMX - Expense Ratio Comparison
SAREX has a 0.75% expense ratio, which is lower than SAHMX's 1.11% expense ratio.
Dividends
SAREX vs. SAHMX - Dividend Comparison
SAREX's dividend yield for the trailing twelve months is around 2.75%, less than SAHMX's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAHMX SA International Value Fund | 4.59% | 5.35% | 3.57% | 3.46% | 4.06% | 3.05% | 2.09% | 3.66% | 1.93% | 2.46% | 2.89% | 1.91% |
SAREX SA Real Estate Securities Fund | 2.75% | 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 SAHMX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAREX has higher volatility (4.54%) compared to SAHMX (3.38%). In terms of maximum drawdown, SAREX dropped -68.50% vs SAHMX's -66.58%.
SAHMX currently has the higher Sharpe Ratio (3.26 vs 0.77), 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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