TIREX vs. VNQ
Compare and contrast key facts about TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and Vanguard Real Estate ETF (VNQ).
TIREX is managed by TIAA Investments. It was launched on Oct 1, 2002. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIREX or VNQ.
Key characteristics
| TIREX | VNQ | |
|---|---|---|
| YTD Return | 9.68% | 9.63% |
| 1Y Return | 29.30% | 30.83% |
| 3Y Return (Ann) | -2.46% | -1.16% |
| 5Y Return (Ann) | 4.67% | 4.31% |
| 10Y Return (Ann) | 7.15% | 6.03% |
| Sharpe Ratio | 1.67 | 1.74 |
| Sortino Ratio | 2.43 | 2.51 |
| Omega Ratio | 1.30 | 1.32 |
| Calmar Ratio | 0.87 | 0.96 |
| Martin Ratio | 6.10 | 6.66 |
| Ulcer Index | 4.61% | 4.46% |
| Daily Std Dev | 16.84% | 17.11% |
| Max Drawdown | -74.18% | -73.07% |
| Current Drawdown | -12.34% | -9.56% |
Correlation
The correlation between TIREX and VNQ 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.
Performance
TIREX vs. VNQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with TIREX having a 9.68% return and VNQ slightly lower at 9.63%. Over the past 10 years, TIREX has outperformed VNQ with an annualized return of 7.15%, while VNQ has yielded a comparatively lower 6.03% 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. VNQ - Expense Ratio Comparison
TIREX has a 0.47% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
TIREX vs. VNQ - 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 Vanguard Real Estate ETF (VNQ). 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. VNQ - Dividend Comparison
TIREX's dividend yield for the trailing twelve months is around 2.89%, less than VNQ's 3.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.89% | 2.72% | 2.19% | 1.41% | 1.80% | 1.68% | 2.60% | 1.55% | 2.63% | 2.00% | 1.69% | 2.02% |
VNQ Vanguard Real Estate ETF | 3.88% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
TIREX vs. VNQ - Drawdown Comparison
The maximum TIREX drawdown since its inception was -74.18%, roughly equal to the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for TIREX and VNQ. For additional features, visit the drawdowns tool.
Volatility
TIREX vs. VNQ - Volatility Comparison
TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and Vanguard Real Estate ETF (VNQ) have volatilities of 5.34% and 5.37%, 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.