TAREX vs. AMT
Compare and contrast key facts about Third Avenue Real Estate Value Fund (TAREX) and American Tower Corporation (AMT).
TAREX is managed by Third Avenue. It was launched on Sep 16, 1998.
Performance
TAREX vs. AMT - Performance Comparison
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TAREX vs. AMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAREX Third Avenue Real Estate Value Fund | -11.96% | 12.52% | 13.54% | 23.48% | -26.53% | 30.69% | -8.23% | 21.09% | -19.98% | 16.10% |
AMT American Tower Corporation | -1.70% | -0.92% | -12.16% | 5.37% | -25.67% | 32.89% | -0.48% | 47.87% | 13.32% | 37.71% |
Returns By Period
In the year-to-date period, TAREX achieves a -11.96% return, which is significantly lower than AMT's -1.70% return. Over the past 10 years, TAREX has underperformed AMT with an annualized return of 3.93%, while AMT has yielded a comparatively higher 7.75% annualized return.
TAREX
- 1D
- 0.18%
- 1M
- -13.71%
- YTD
- -11.96%
- 6M
- -13.39%
- 1Y
- -1.20%
- 3Y*
- 10.84%
- 5Y*
- 3.79%
- 10Y*
- 3.93%
AMT
- 1D
- 1.30%
- 1M
- -10.05%
- YTD
- -1.70%
- 6M
- -9.39%
- 1Y
- -17.91%
- 3Y*
- -2.23%
- 5Y*
- -3.60%
- 10Y*
- 7.75%
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Return for Risk
TAREX vs. AMT — Risk / Return Rank
TAREX
AMT
TAREX vs. AMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Real Estate Value Fund (TAREX) and American Tower Corporation (AMT). 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.
| TAREX | AMT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | -0.72 | +0.65 |
Sortino ratioReturn per unit of downside risk | 0.02 | -0.88 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.00 | 0.89 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.64 | +0.50 |
Martin ratioReturn relative to average drawdown | -0.51 | -1.06 | +0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TAREX | AMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | -0.72 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.14 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.30 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.20 | +0.26 |
Correlation
The correlation between TAREX and AMT is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TAREX vs. AMT - Dividend Comparison
TAREX's dividend yield for the trailing twelve months is around 6.45%, more than AMT's 3.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAREX Third Avenue Real Estate Value Fund | 6.45% | 5.68% | 6.59% | 5.28% | 8.76% | 9.03% | 0.99% | 18.22% | 11.07% | 1.06% | 1.80% | 5.60% |
AMT American Tower Corporation | 3.94% | 3.87% | 3.53% | 2.99% | 2.77% | 1.78% | 2.02% | 1.64% | 1.99% | 1.84% | 2.05% | 1.87% |
Drawdowns
TAREX vs. AMT - Drawdown Comparison
The maximum TAREX drawdown since its inception was -67.68%, smaller than the maximum AMT drawdown of -98.70%. Use the drawdown chart below to compare losses from any high point for TAREX and AMT.
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Drawdown Indicators
| TAREX | AMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -98.70% | +31.02% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -26.67% | +10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -31.89% | -45.34% | +13.45% |
Max Drawdown (10Y)Largest decline over 10 years | -44.73% | -45.34% | +0.61% |
Current DrawdownCurrent decline from peak | -15.66% | -34.82% | +19.16% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -26.99% | +15.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 16.20% | -11.89% |
Volatility
TAREX vs. AMT - Volatility Comparison
The current volatility for Third Avenue Real Estate Value Fund (TAREX) is 5.34%, while American Tower Corporation (AMT) has a volatility of 7.17%. This indicates that TAREX experiences smaller price fluctuations and is considered to be less risky than AMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAREX | AMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 7.17% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 17.58% | -7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 25.02% | -7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 26.01% | -7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.67% | 25.98% | -7.31% |