TIREX vs. MGLIX
Compare and contrast key facts about TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and MFS Global Real Estate Fund (MGLIX).
TIREX is managed by TIAA Investments. It was launched on Oct 1, 2002. MGLIX is managed by MFS. It was launched on Mar 10, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIREX or MGLIX.
Key characteristics
| TIREX | MGLIX | |
|---|---|---|
| YTD Return | 10.37% | 2.42% |
| 1Y Return | 23.63% | 14.61% |
| 3Y Return (Ann) | -2.25% | -4.55% |
| 5Y Return (Ann) | 4.69% | 2.22% |
| 10Y Return (Ann) | 7.22% | 5.60% |
| Sharpe Ratio | 1.79 | 1.35 |
| Sortino Ratio | 2.58 | 2.06 |
| Omega Ratio | 1.32 | 1.25 |
| Calmar Ratio | 1.05 | 0.76 |
| Martin Ratio | 6.53 | 5.16 |
| Ulcer Index | 4.61% | 4.05% |
| Daily Std Dev | 16.81% | 15.42% |
| Max Drawdown | -74.18% | -38.55% |
| Current Drawdown | -11.78% | -16.70% |
Correlation
The correlation between TIREX and MGLIX is 0.89, 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
TIREX vs. MGLIX - Performance Comparison
In the year-to-date period, TIREX achieves a 10.37% return, which is significantly higher than MGLIX's 2.42% return. Over the past 10 years, TIREX has outperformed MGLIX with an annualized return of 7.22%, while MGLIX has yielded a comparatively lower 5.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TIREX vs. MGLIX - Expense Ratio Comparison
TIREX has a 0.47% expense ratio, which is lower than MGLIX's 0.92% expense ratio.
Risk-Adjusted Performance
TIREX vs. MGLIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and MFS Global Real Estate Fund (MGLIX). 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
TIREX vs. MGLIX - Dividend Comparison
TIREX's dividend yield for the trailing twelve months is around 2.87%, more than MGLIX's 1.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.87% | 2.72% | 2.19% | 1.41% | 1.80% | 1.68% | 2.60% | 1.55% | 2.63% | 2.00% | 1.69% | 2.02% |
MGLIX MFS Global Real Estate Fund | 1.81% | 1.86% | 0.58% | 1.59% | 1.00% | 5.79% | 2.57% | 2.38% | 4.27% | 3.91% | 7.27% | 9.24% |
Drawdowns
TIREX vs. MGLIX - Drawdown Comparison
The maximum TIREX drawdown since its inception was -74.18%, which is greater than MGLIX's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for TIREX and MGLIX. For additional features, visit the drawdowns tool.
Volatility
TIREX vs. MGLIX - Volatility Comparison
TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a higher volatility of 5.25% compared to MFS Global Real Estate Fund (MGLIX) at 4.16%. This indicates that TIREX's price experiences larger fluctuations and is considered to be riskier than MGLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.