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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TAREX or AMT.
Correlation
The correlation between TAREX and AMT is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TAREX vs. AMT - Performance Comparison
Key characteristics
TAREX:
0.78
AMT:
1.26
TAREX:
1.17
AMT:
1.81
TAREX:
1.16
AMT:
1.24
TAREX:
0.39
AMT:
0.94
TAREX:
2.10
AMT:
2.80
TAREX:
7.15%
AMT:
12.39%
TAREX:
19.15%
AMT:
27.29%
TAREX:
-71.15%
AMT:
-98.70%
TAREX:
-29.12%
AMT:
-17.74%
Returns By Period
In the year-to-date period, TAREX achieves a 1.33% return, which is significantly lower than AMT's 22.92% return. Over the past 10 years, TAREX has underperformed AMT with an annualized return of -2.16%, while AMT has yielded a comparatively higher 11.78% annualized return.
TAREX
1.33%
0.64%
0.32%
12.38%
5.04%
-2.16%
AMT
22.92%
3.46%
7.66%
28.59%
1.80%
11.78%
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Risk-Adjusted Performance
TAREX vs. AMT — Risk-Adjusted Performance Rank
TAREX
AMT
TAREX vs. AMT - Risk-Adjusted Performance 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.
Dividends
TAREX vs. AMT - Dividend Comparison
TAREX's dividend yield for the trailing twelve months is around 6.45%, more than AMT's 2.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAREX Third Avenue Real Estate Value Fund | 6.45% | 6.54% | 5.28% | 8.76% | 9.03% | 0.99% | 18.22% | 11.07% | 6.23% | 1.80% | 5.60% | 3.60% |
AMT American Tower Corporation | 2.93% | 3.53% | 2.99% | 2.77% | 1.78% | 2.02% | 1.64% | 1.99% | 1.84% | 2.05% | 1.87% | 1.42% |
Drawdowns
TAREX vs. AMT - Drawdown Comparison
The maximum TAREX drawdown since its inception was -71.15%, 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. For additional features, visit the drawdowns tool.
Volatility
TAREX vs. AMT - Volatility Comparison
The current volatility for Third Avenue Real Estate Value Fund (TAREX) is 10.58%, while American Tower Corporation (AMT) has a volatility of 11.63%. 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.