TIREX vs. REET
Compare and contrast key facts about TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and iShares Global REIT ETF (REET).
TIREX is managed by TIAA Investments. It was launched on Oct 1, 2002. REET is a passively managed fund by iShares that tracks the performance of the FTSE EPRA/NAREIT Global REIT Index. It was launched on Jul 8, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIREX or REET.
Key characteristics
| TIREX | REET | |
|---|---|---|
| YTD Return | 11.65% | 9.04% |
| 1Y Return | 31.71% | 28.28% |
| 3Y Return (Ann) | -1.94% | -1.55% |
| 5Y Return (Ann) | 5.33% | 1.89% |
| 10Y Return (Ann) | 7.25% | 4.04% |
| Sharpe Ratio | 1.75 | 1.70 |
| Sortino Ratio | 2.53 | 2.47 |
| Omega Ratio | 1.31 | 1.30 |
| Calmar Ratio | 0.92 | 0.91 |
| Martin Ratio | 6.43 | 6.43 |
| Ulcer Index | 4.60% | 4.09% |
| Daily Std Dev | 16.88% | 15.53% |
| Max Drawdown | -74.18% | -44.59% |
| Current Drawdown | -10.76% | -8.73% |
Correlation
The correlation between TIREX and REET is 0.93, 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. REET - Performance Comparison
In the year-to-date period, TIREX achieves a 11.65% return, which is significantly higher than REET's 9.04% return. Over the past 10 years, TIREX has outperformed REET with an annualized return of 7.25%, while REET has yielded a comparatively lower 4.04% 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. REET - Expense Ratio Comparison
TIREX has a 0.47% expense ratio, which is higher than REET's 0.14% expense ratio.
Risk-Adjusted Performance
TIREX vs. REET - 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 iShares Global REIT ETF (REET). 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. REET - Dividend Comparison
TIREX's dividend yield for the trailing twelve months is around 2.84%, more than REET's 2.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.84% | 2.72% | 2.19% | 1.41% | 1.80% | 1.68% | 2.60% | 1.55% | 2.63% | 2.00% | 1.69% | 2.02% |
REET iShares Global REIT ETF | 2.70% | 3.27% | 2.42% | 3.18% | 2.64% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% | 2.12% | 0.00% |
Drawdowns
TIREX vs. REET - Drawdown Comparison
The maximum TIREX drawdown since its inception was -74.18%, which is greater than REET's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for TIREX and REET. For additional features, visit the drawdowns tool.
Volatility
TIREX vs. REET - Volatility Comparison
TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a higher volatility of 5.24% compared to iShares Global REIT ETF (REET) at 4.52%. This indicates that TIREX's price experiences larger fluctuations and is considered to be riskier than REET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.