SOAAX vs. REIIX

Last updated Jun 3, 2026

SOAAX (Spirit of America Real Estate Income & Growth Fund) and REIIX (West Loop Realty Fund) are both REIT funds. Their correlation of 0.92 suggests significant overlap in exposure. SOAAX charges 1.52%/yr vs 1.43%/yr for REIIX.

Performance

SOAAX vs. REIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spirit of America Real Estate Income & Growth Fund (SOAAX) and West Loop Realty Fund (REIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SOAAX

• 1D: -1.87%
• 1M: -2.41%
• YTD: 11.39%
• 6M: 10.24%
• 1Y: 10.76%
• 3Y*: 8.51%
• 5Y*: 2.76%
• 10Y*: 5.10%

REIIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOAAX vs. REIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOAAX Spirit of America Real Estate Income & Growth Fund	11.39%	-0.90%	7.57%	9.60%	-28.40%	42.01%	-5.06%	28.09%	-6.82%	6.80%
REIIX West Loop Realty Fund	0.00%	2.21%	-5.60%	13.33%	-26.09%	39.77%	-2.90%	30.07%	-8.91%	6.80%

Correlation

The correlation between SOAAX and REIIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.92

The correlation between SOAAX and REIIX shifts across timeframes, from 0.76 (3 years) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SOAAX vs. REIIX — Risk / Return Rank

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

SOAAX

SOAAX Risk / Return Rank: 12
SOAAX Sharpe Ratio Rank: 11
SOAAX Sortino Ratio Rank: 10
SOAAX Omega Ratio Rank: 10
SOAAX Calmar Ratio Rank: 16
SOAAX Martin Ratio Rank: 15

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.

SOAAX vs. REIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spirit of America Real Estate Income & Growth Fund (SOAAX) and West Loop Realty Fund (REIIX). 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.

	SOAAX	REIIX	Difference
Sharpe ratio Return per unit of total volatility	0.86	—	—
Sortino ratio Return per unit of downside risk	1.22	—	—
Omega ratio Gain probability vs. loss probability	1.16	—	—
Calmar ratio Return relative to maximum drawdown	1.44	—	—
Martin ratio Return relative to average drawdown	4.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SOAAX	REIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	—	—

Drawdowns

Drawdown Indicators

	SOAAX	REIIX	Difference
Max Drawdown Largest peak-to-trough decline	-78.19%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.24%	—	—
Current Drawdown Current decline from peak	-6.83%	—	—
Average Drawdown Average peak-to-trough decline	-14.63%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	—	—

Volatility

Volatility by Period

	SOAAX	REIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.82%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.25%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.72%	—	—

SOAAX vs. REIIX - Expense Ratio Comparison

SOAAX has a 1.52% expense ratio, which is higher than REIIX's 1.43% expense ratio.

Dividends

SOAAX vs. REIIX - Dividend Comparison

SOAAX's dividend yield for the trailing twelve months is around 9.55%, while REIIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REIIX West Loop Realty Fund	0.00%	46.45%	1.45%	2.33%	12.09%	7.95%	3.11%	6.04%	3.29%	2.34%	4.64%	3.71%
SOAAX Spirit of America Real Estate Income & Growth Fund	9.55%	10.64%	9.53%	9.32%	9.32%	6.12%	8.13%	7.11%	8.47%	6.87%	7.18%	8.97%

Frequently Asked Questions

Can I hold both SOAAX and REIIX in my portfolio?

With a correlation of 0.92, SOAAX and REIIX 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.