SAUMX vs. SAREX

Last updated Jun 24, 2026

SAUMX (SA U.S. Small Company Fund) and SAREX (SA Real Estate Securities Fund) are both mutual funds - SAUMX is a Small Cap Blend Equities fund managed by SA Funds, while SAREX is a REIT fund managed by SA Funds. Over the past 10 years, SAUMX returned 11.36%/yr vs 5.20%/yr for SAREX. A 0.55 correlation means they provide meaningful diversification when combined. SAUMX charges 0.87%/yr vs 0.75%/yr for SAREX.

Performance

SAUMX vs. SAREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SA U.S. Small Company Fund (SAUMX) and SA Real Estate Securities Fund (SAREX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAUMX achieves a 18.17% return, which is significantly higher than SAREX's 13.78% return. Over the past 10 years, SAUMX has outperformed SAREX with an annualized return of 11.36%, while SAREX has yielded a comparatively lower 5.20% annualized return.

SAUMX

• 1D: 0.48%
• 1M: 4.77%
• YTD: 18.17%
• 6M: 15.70%
• 1Y: 31.11%
• 3Y*: 17.25%
• 5Y*: 9.04%
• 10Y*: 11.36%

SAREX

• 1D: 1.22%
• 1M: -0.16%
• YTD: 13.78%
• 6M: 14.40%
• 1Y: 11.33%
• 3Y*: 10.76%
• 5Y*: 2.68%
• 10Y*: 5.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SAUMX vs. SAREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAUMX SA U.S. Small Company Fund	18.17%	8.87%	11.14%	17.30%	-14.25%	26.93%	11.61%	22.17%	-12.82%	11.39%
SAREX SA Real Estate Securities Fund	13.78%	0.73%	4.61%	10.60%	-25.42%	40.94%	-6.22%	26.91%	-4.00%	4.61%

Correlation

The correlation between SAUMX and SAREX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.55

The correlation between SAUMX and SAREX shifts across timeframes, from 0.49 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SAUMX vs. SAREX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SAUMX

SAUMX Risk / Return Rank: 72
SAUMX Sharpe Ratio Rank: 66
SAUMX Sortino Ratio Rank: 71
SAUMX Omega Ratio Rank: 55
SAUMX Calmar Ratio Rank: 87
SAUMX Martin Ratio Rank: 80

SAREX

SAREX Risk / Return Rank: 11
SAREX Sharpe Ratio Rank: 7
SAREX Sortino Ratio Rank: 8
SAREX Omega Ratio Rank: 13
SAREX Calmar Ratio Rank: 12
SAREX Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SAUMX vs. SAREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SA U.S. Small Company Fund (SAUMX) and SA Real Estate Securities Fund (SAREX). 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.

	SAUMX	SAREX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	0.54	+1.66
Sortino ratio: Return per unit of downside risk	3.20	0.94	+2.26
Omega ratio: Gain probability vs. loss probability	1.37	1.17	+0.20
Calmar ratio: Return relative to maximum drawdown	3.99	1.02	+2.97
Martin ratio: Return relative to average drawdown	13.88	3.59	+10.29

SAUMX vs. SAREX - Sharpe Ratio Comparison

The current SAUMX Sharpe Ratio is 2.20, which is higher than the SAREX Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of SAUMX and SAREX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SAUMX vs. SAREX - Drawdown Comparison

The maximum SAUMX drawdown since its inception was -43.14%, smaller than the maximum SAREX drawdown of -68.50%. Use the drawdown chart below to compare losses from any high point for SAUMX and SAREX.

Drawdown Indicators

	SAUMX	SAREX	Difference
Max Drawdown Largest peak-to-trough decline	-43.14%	-68.50%	+25.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-13.63%	+4.52%
Max Drawdown (3Y) Largest decline over 3 years	-24.80%	-18.07%	-6.73%
Max Drawdown (5Y) Largest decline over 5 years	-24.80%	-33.87%	+9.07%
Max Drawdown (10Y) Largest decline over 10 years	-43.14%	-41.56%	-1.58%
Current Drawdown Current decline from peak	0.00%	-3.41%	+3.41%
Average Drawdown Average peak-to-trough decline	-6.38%	-12.54%	+6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	3.74%	-1.18%

Volatility

SAUMX vs. SAREX - Volatility Comparison

The current volatility for SA U.S. Small Company Fund (SAUMX) is 4.49%, while SA Real Estate Securities Fund (SAREX) has a volatility of 5.05%. This indicates that SAUMX experiences smaller price fluctuations and is considered to be less risky than SAREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAUMX	SAREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	5.05%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	11.91%	23.00%	-11.09%
Volatility (1Y) Calculated over the trailing 1-year period	16.58%	25.77%	-9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	21.41%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.00%	21.83%	+0.17%

SAUMX vs. SAREX - Expense Ratio Comparison

SAUMX has a 0.87% expense ratio, which is higher than SAREX's 0.75% expense ratio.

Dividends

SAUMX vs. SAREX - Dividend Comparison

SAUMX's dividend yield for the trailing twelve months is around 0.45%, less than SAREX's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SAREX SA Real Estate Securities Fund	2.83%	3.22%	3.22%	3.04%	7.62%	8.33%	3.87%	4.29%	3.98%	2.90%	3.67%	1.80%
SAUMX SA U.S. Small Company Fund	0.45%	0.53%	0.29%	3.64%	3.19%	25.26%	1.99%	4.48%	3.22%	7.96%	5.16%	8.49%

Frequently Asked Questions

Can I hold both SAUMX and SAREX in my portfolio?

SAUMX and SAREX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAUMX or SAREX?

SAREX has higher volatility (5.05%) compared to SAUMX (4.49%). In terms of maximum drawdown, SAUMX dropped -43.14% vs SAREX's -68.50%.

Which has better risk-adjusted returns?

SAUMX currently has the higher Sharpe Ratio (2.20 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.