TAREX vs. VRTPX
Compare and contrast key facts about Third Avenue Real Estate Value Fund (TAREX) and Vanguard Real Estate II Index Fund (VRTPX).
TAREX is managed by Third Avenue. It was launched on Sep 16, 1998. VRTPX is managed by Vanguard. It was launched on Sep 26, 2017.
Performance
TAREX vs. VRTPX - Performance Comparison
Loading graphics...
TAREX vs. VRTPX - 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% | 2.00% |
VRTPX Vanguard Real Estate II Index Fund | -0.21% | 2.22% | 3.72% | 13.17% | -26.14% | 40.37% | -4.65% | 28.96% | -5.99% | 1.37% |
Returns By Period
In the year-to-date period, TAREX achieves a -11.96% return, which is significantly lower than VRTPX's -0.21% 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%
VRTPX
- 1D
- 0.38%
- 1M
- -7.71%
- YTD
- -0.21%
- 6M
- -2.58%
- 1Y
- 0.37%
- 3Y*
- 5.57%
- 5Y*
- 2.69%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TAREX vs. VRTPX - Expense Ratio Comparison
TAREX has a 1.15% expense ratio, which is higher than VRTPX's 0.08% expense ratio.
Return for Risk
TAREX vs. VRTPX — Risk / Return Rank
TAREX
VRTPX
TAREX vs. VRTPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Real Estate Value Fund (TAREX) and Vanguard Real Estate II Index Fund (VRTPX). 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 | VRTPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | 0.08 | -0.15 |
Sortino ratioReturn per unit of downside risk | 0.02 | 0.22 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.09 | -0.23 |
Martin ratioReturn relative to average drawdown | -0.51 | 0.37 | -0.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TAREX | VRTPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 0.08 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.14 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.21 | +0.25 |
Correlation
The correlation between TAREX and VRTPX is 0.73, 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.
Dividends
TAREX vs. VRTPX - Dividend Comparison
TAREX's dividend yield for the trailing twelve months is around 6.45%, more than VRTPX's 3.91% 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% |
VRTPX Vanguard Real Estate II Index Fund | 3.91% | 2.79% | 3.80% | 3.93% | 4.52% | 2.58% | 3.92% | 3.50% | 4.77% | 1.32% | 0.00% | 0.00% |
Drawdowns
TAREX vs. VRTPX - Drawdown Comparison
The maximum TAREX drawdown since its inception was -67.68%, which is greater than VRTPX's maximum drawdown of -42.33%. Use the drawdown chart below to compare losses from any high point for TAREX and VRTPX.
Loading graphics...
Drawdown Indicators
| TAREX | VRTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -42.33% | -25.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -12.41% | -3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -31.89% | -34.35% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -44.73% | — | — |
Current DrawdownCurrent decline from peak | -15.66% | -11.56% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -11.55% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 3.15% | +1.16% |
Volatility
TAREX vs. VRTPX - Volatility Comparison
Third Avenue Real Estate Value Fund (TAREX) has a higher volatility of 5.34% compared to Vanguard Real Estate II Index Fund (VRTPX) at 4.15%. This indicates that TAREX's price experiences larger fluctuations and is considered to be riskier than VRTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TAREX | VRTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.15% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 9.12% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 16.32% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 18.89% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.67% | 21.92% | -3.25% |