TASCX vs. TAREX
Compare and contrast key facts about Third Avenue Small Cap Value Fund (TASCX) and Third Avenue Real Estate Value Fund (TAREX).
TASCX is managed by Third Avenue. It was launched on Apr 1, 1997. TAREX is managed by Third Avenue. It was launched on Sep 16, 1998.
Performance
TASCX vs. TAREX - Performance Comparison
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TASCX vs. TAREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TASCX Third Avenue Small Cap Value Fund | 6.59% | 14.79% | 3.04% | 22.49% | -1.87% | 25.92% | -2.96% | 22.92% | -12.55% | 8.89% |
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% |
Returns By Period
In the year-to-date period, TASCX achieves a 6.59% return, which is significantly higher than TAREX's -11.96% return. Over the past 10 years, TASCX has outperformed TAREX with an annualized return of 10.22%, while TAREX has yielded a comparatively lower 3.93% annualized return.
TASCX
- 1D
- 0.00%
- 1M
- -3.17%
- YTD
- 6.59%
- 6M
- 11.59%
- 1Y
- 27.41%
- 3Y*
- 14.03%
- 5Y*
- 10.00%
- 10Y*
- 10.22%
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%
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TASCX vs. TAREX - Expense Ratio Comparison
Both TASCX and TAREX have an expense ratio of 1.15%.
Return for Risk
TASCX vs. TAREX — Risk / Return Rank
TASCX
TAREX
TASCX vs. TAREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Small Cap Value Fund (TASCX) and Third Avenue Real Estate Value Fund (TAREX). 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.
| TASCX | TAREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | -0.07 | +1.54 |
Sortino ratioReturn per unit of downside risk | 2.15 | 0.02 | +2.12 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.00 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.14 | +2.23 |
Martin ratioReturn relative to average drawdown | 8.93 | -0.51 | +9.45 |
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
| TASCX | TAREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | -0.07 | +1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.21 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.21 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.46 | 0.00 |
Correlation
The correlation between TASCX and TAREX 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
TASCX vs. TAREX - Dividend Comparison
TASCX's dividend yield for the trailing twelve months is around 3.54%, less than TAREX's 6.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TASCX Third Avenue Small Cap Value Fund | 3.54% | 3.78% | 11.87% | 14.38% | 5.40% | 8.55% | 1.50% | 7.75% | 12.67% | 13.61% | 9.15% | 14.70% |
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% |
Drawdowns
TASCX vs. TAREX - Drawdown Comparison
The maximum TASCX drawdown since its inception was -58.55%, smaller than the maximum TAREX drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for TASCX and TAREX.
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Drawdown Indicators
| TASCX | TAREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -67.68% | +9.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -15.81% | +3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -30.26% | -31.89% | +1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -40.45% | -44.73% | +4.28% |
Current DrawdownCurrent decline from peak | -4.60% | -15.66% | +11.06% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -11.19% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 4.31% | -1.48% |
Volatility
TASCX vs. TAREX - Volatility Comparison
The current volatility for Third Avenue Small Cap Value Fund (TASCX) is 3.87%, while Third Avenue Real Estate Value Fund (TAREX) has a volatility of 5.34%. This indicates that TASCX experiences smaller price fluctuations and is considered to be less risky than TAREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TASCX | TAREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 5.34% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 10.58% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 17.38% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.47% | 18.21% | +7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.17% | 18.67% | +5.50% |