TIREX vs. SCHH
Compare and contrast key facts about TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and Schwab US REIT ETF (SCHH).
TIREX is managed by TIAA Investments. It was launched on Oct 1, 2002. SCHH is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Select REIT Index. It was launched on Jan 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIREX or SCHH.
Performance
TIREX vs. SCHH - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with TIREX having a 11.25% return and SCHH slightly lower at 11.04%. Over the past 10 years, TIREX has outperformed SCHH with an annualized return of 7.23%, while SCHH has yielded a comparatively lower 4.57% annualized return.
TIREX
11.25%
-1.59%
16.61%
23.98%
5.00%
7.23%
SCHH
11.04%
-2.85%
14.89%
24.13%
2.31%
4.57%
Key characteristics
| TIREX | SCHH | |
|---|---|---|
| Sharpe Ratio | 1.55 | 1.57 |
| Sortino Ratio | 2.18 | 2.20 |
| Omega Ratio | 1.27 | 1.28 |
| Calmar Ratio | 0.86 | 0.97 |
| Martin Ratio | 5.36 | 5.82 |
| Ulcer Index | 4.63% | 4.32% |
| Daily Std Dev | 16.05% | 15.99% |
| Max Drawdown | -74.18% | -44.22% |
| Current Drawdown | -11.08% | -7.40% |
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TIREX vs. SCHH - Expense Ratio Comparison
TIREX has a 0.47% expense ratio, which is higher than SCHH's 0.07% expense ratio.
Correlation
The correlation between TIREX and SCHH is 0.98, 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.
Risk-Adjusted Performance
TIREX vs. SCHH - 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 Schwab US REIT ETF (SCHH). 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. SCHH - Dividend Comparison
TIREX's dividend yield for the trailing twelve months is around 2.85%, less than SCHH's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.85% | 2.72% | 2.19% | 1.41% | 1.80% | 1.68% | 2.60% | 1.55% | 2.63% | 2.00% | 1.69% | 2.02% |
SCHH Schwab US REIT ETF | 2.94% | 3.24% | 2.55% | 1.50% | 2.86% | 2.87% | 3.66% | 2.22% | 2.81% | 2.48% | 2.18% | 2.59% |
Drawdowns
TIREX vs. SCHH - Drawdown Comparison
The maximum TIREX drawdown since its inception was -74.18%, which is greater than SCHH's maximum drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for TIREX and SCHH. For additional features, visit the drawdowns tool.
Volatility
TIREX vs. SCHH - Volatility Comparison
TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and Schwab US REIT ETF (SCHH) have volatilities of 4.76% and 4.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.