VGSIX vs. CRARX
Compare and contrast key facts about Vanguard Real Estate Index Fund (VGSIX) and MainStay CBRE Real Estate Fund (CRARX).
VGSIX is managed by Vanguard. It was launched on May 13, 1996. CRARX is managed by New York Life. It was launched on Dec 31, 1996.
Performance
VGSIX vs. CRARX - Performance Comparison
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VGSIX vs. CRARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGSIX Vanguard Real Estate Index Fund | 1.27% | 2.04% | 2.67% | 12.97% | -26.29% | 40.18% | -4.87% | 28.74% | -6.14% | 4.80% |
CRARX MainStay CBRE Real Estate Fund | 4.03% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
Returns By Period
In the year-to-date period, VGSIX achieves a 1.27% return, which is significantly lower than CRARX's 4.03% return. Both investments have delivered pretty close results over the past 10 years, with VGSIX having a 4.30% annualized return and CRARX not far ahead at 4.31%.
VGSIX
- 1D
- 1.52%
- 1M
- -6.58%
- YTD
- 1.27%
- 6M
- -1.23%
- 1Y
- 1.58%
- 3Y*
- 5.62%
- 5Y*
- 2.27%
- 10Y*
- 4.30%
CRARX
- 1D
- 0.67%
- 1M
- -7.02%
- YTD
- 4.03%
- 6M
- 1.92%
- 1Y
- 2.02%
- 3Y*
- 4.89%
- 5Y*
- 3.16%
- 10Y*
- 4.31%
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VGSIX vs. CRARX - Expense Ratio Comparison
VGSIX has a 0.26% expense ratio, which is lower than CRARX's 0.83% expense ratio.
Return for Risk
VGSIX vs. CRARX — Risk / Return Rank
VGSIX
CRARX
VGSIX vs. CRARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate Index Fund (VGSIX) and MainStay CBRE Real Estate Fund (CRARX). 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.
| VGSIX | CRARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.10 | 0.13 | -0.02 |
Sortino ratioReturn per unit of downside risk | 0.25 | 0.28 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.21 | 0.26 | -0.05 |
Martin ratioReturn relative to average drawdown | 0.81 | 1.02 | -0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGSIX | CRARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.13 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.17 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.20 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.32 | +0.01 |
Correlation
The correlation between VGSIX and CRARX 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.
Dividends
VGSIX vs. CRARX - Dividend Comparison
VGSIX's dividend yield for the trailing twelve months is around 3.78%, more than CRARX's 1.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSIX Vanguard Real Estate Index Fund | 3.78% | 2.76% | 2.83% | 3.77% | 3.75% | 2.43% | 3.78% | 3.24% | 4.59% | 4.09% | 4.67% | 3.78% |
CRARX MainStay CBRE Real Estate Fund | 1.66% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
Drawdowns
VGSIX vs. CRARX - Drawdown Comparison
The maximum VGSIX drawdown since its inception was -73.13%, roughly equal to the maximum CRARX drawdown of -72.66%. Use the drawdown chart below to compare losses from any high point for VGSIX and CRARX.
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Drawdown Indicators
| VGSIX | CRARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.13% | -72.66% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -12.25% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -34.58% | -35.43% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | -45.19% | +2.84% |
Current DrawdownCurrent decline from peak | -11.66% | -13.38% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -12.61% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.07% | +0.12% |
Volatility
VGSIX vs. CRARX - Volatility Comparison
Vanguard Real Estate Index Fund (VGSIX) has a higher volatility of 4.49% compared to MainStay CBRE Real Estate Fund (CRARX) at 4.16%. This indicates that VGSIX's price experiences larger fluctuations and is considered to be riskier than CRARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGSIX | CRARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.16% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 9.01% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 15.89% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 18.98% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.86% | 21.29% | -0.43% |