TIREX vs. AIGYX
TIREX (TIAA-CREF Real Estate Securities Fund Institutional Class) and AIGYX (abrdn Realty Income & Growth Fund) are both REIT funds. Over the past 10 years, TIREX returned 6.80%/yr vs 8.51%/yr for AIGYX. With a 0.98 correlation, they move nearly in lockstep. TIREX charges 0.47%/yr vs 1.01%/yr for AIGYX.
Performance
TIREX vs. AIGYX - Performance Comparison
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Returns By Period
In the year-to-date period, TIREX achieves a 13.31% return, which is significantly lower than AIGYX's 18.11% return. Over the past 10 years, TIREX has underperformed AIGYX with an annualized return of 6.80%, while AIGYX has yielded a comparatively higher 8.51% annualized return.
TIREX
- 1D
- 0.05%
- 1M
- 0.35%
- YTD
- 13.31%
- 6M
- 12.80%
- 1Y
- 16.00%
- 3Y*
- 11.51%
- 5Y*
- 2.08%
- 10Y*
- 6.80%
AIGYX
- 1D
- 0.08%
- 1M
- 1.32%
- YTD
- 18.11%
- 6M
- 17.32%
- 1Y
- 24.35%
- 3Y*
- 14.75%
- 5Y*
- 8.99%
- 10Y*
- 8.51%
TIREX vs. AIGYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 13.31% | 2.10% | 5.30% | 12.16% | -28.74% | 39.39% | 1.29% | 31.09% | -4.06% | 11.73% |
AIGYX abrdn Realty Income & Growth Fund | 18.11% | 4.20% | 9.61% | 13.34% | -24.99% | 62.09% | -6.59% | 27.80% | -7.59% | 8.52% |
Correlation
The correlation between TIREX and AIGYX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002 | 0.98 |
The correlation between TIREX and AIGYX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
TIREX vs. AIGYX — Risk / Return Rank
TIREX
AIGYX
TIREX vs. AIGYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and abrdn Realty Income & Growth Fund (AIGYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIREX | AIGYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.78 | -1.25 |
| Martin ratioReturn relative to average drawdown | 5.27 | 9.62 | -4.35 |
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Drawdowns
TIREX vs. AIGYX - Drawdown Comparison
The maximum TIREX drawdown since its inception was -74.18%, smaller than the maximum AIGYX drawdown of -79.94%. Use the drawdown chart below to compare losses from any high point for TIREX and AIGYX.
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Drawdown Indicators
| TIREX | AIGYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.18% | -79.94% | +5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -7.71% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -17.95% | -18.26% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -35.67% | -31.20% | -4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -39.26% | -43.10% | +3.84% |
Current DrawdownCurrent decline from peak | -2.63% | 0.00% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -12.39% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.28% | +0.24% |
Volatility
TIREX vs. AIGYX - Volatility Comparison
The current volatility for TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) is 5.24%, while abrdn Realty Income & Growth Fund (AIGYX) has a volatility of 5.57%. This indicates that TIREX experiences smaller price fluctuations and is considered to be less risky than AIGYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIREX | AIGYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 5.57% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 10.46% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 13.68% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 20.75% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 21.98% | -1.80% |
TIREX vs. AIGYX - Expense Ratio Comparison
TIREX has a 0.47% expense ratio, which is lower than AIGYX's 1.01% expense ratio.
Dividends
TIREX vs. AIGYX - Dividend Comparison
TIREX's dividend yield for the trailing twelve months is around 2.43%, less than AIGYX's 6.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIGYX abrdn Realty Income & Growth Fund | 6.78% | 8.43% | 12.69% | 4.01% | 8.97% | 27.57% | 16.28% | 18.30% | 49.34% | 5.85% | 5.48% | 4.69% |
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.43% | 3.56% | 3.08% | 2.71% | 5.13% | 3.07% | 1.80% | 6.18% | 3.54% | 7.20% | 4.16% | 5.65% |
Frequently Asked Questions
With a correlation of 0.95, TIREX and AIGYX 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.
AIGYX has higher volatility (5.57%) compared to TIREX (5.24%). In terms of maximum drawdown, TIREX dropped -74.18% vs AIGYX's -79.94%.
AIGYX currently has the higher Sharpe Ratio (1.57 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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