- ISIN
- US33939L7872
- CUSIP
- 33939L787
- Issuer
- Northern Trust
- Inception Date
- Nov 6, 2013
- Region
- Developed Markets (Broad)
- Category
- REIT
- Leveraged
- 1x (No leverage)
- Index Tracked
- Northern Trust Global Quality Real Estate (NR)
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $400M
Share Price Chart
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Performance
GQRE Performance Chart
FlexShares Global Quality Real Estate Index Fund (GQRE) is up 8.4% since the beginning of the year. GQRE is currently trading at $64 per share. Investors who bought $1,000 worth of GQRE shares 5 years ago would now be looking at an investment worth $1,114.
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Returns By Period
FlexShares Global Quality Real Estate Index Fund (GQRE) has returned 8.43% so far this year and 13.08% over the past 12 months.
FlexShares Global Quality Real Estate Index Fund
- 1D
- 0.13%
- 1M
- -2.45%
- YTD
- 8.43%
- 6M
- 9.40%
- 1Y
- 13.08%
- 3Y*
- 10.50%
- 5Y*
- 2.19%
- 10Y*
- 3.83%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GQRE Monthly Returns History
Based on dividend-adjusted daily data since Nov 6, 2013, GQRE's average daily return is +0.03%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Jan 2019 with a return of +11.1%, while the worst month was Mar 2020 at -21.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, GQRE closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +8.3%, while the worst single day was Mar 16, 2020 at -15.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.07% | 6.46% | -8.26% | 8.12% | -0.63% | -0.71% | 8.43% | ||||||
| 2025 | 0.93% | 2.72% | -1.71% | -0.15% | 2.50% | 1.59% | -1.56% | 4.28% | 0.39% | -2.72% | 2.80% | -0.84% | 8.27% |
| 2024 | -3.53% | 1.39% | 4.22% | -5.94% | 2.67% | 0.30% | 6.35% | 5.18% | 2.68% | -3.52% | 3.41% | -6.23% | 6.09% |
| 2023 | 8.77% | -4.72% | -2.52% | 1.25% | -4.84% | 4.74% | 2.97% | -3.88% | -5.91% | -3.60% | 9.43% | 9.05% | 9.21% |
| 2022 | -6.65% | -2.85% | 4.62% | -5.66% | -5.56% | -8.43% | 8.26% | -5.97% | -12.70% | 3.98% | 5.95% | -3.96% | -27.22% |
| 2021 | -1.05% | 2.32% | 4.17% | 6.63% | 2.28% | 1.29% | 3.40% | 1.56% | -5.24% | 7.02% | -1.28% | 7.78% | 32.01% |
Benchmark Metrics
FlexShares Global Quality Real Estate Index Fund has an annualized alpha of 2.49%, beta of 0.47, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since November 07, 2013.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (48.57%) than losses (47.94%) - typical of diversified or defensive assets.
- Beta of 0.47 may look defensive, but with R2 of 0.24 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.24 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.49%
- Beta
- 0.47
- R²
- 0.24
- Upside Capture
- 48.57%
- Downside Capture
- 47.94%
Expense Ratio
GQRE has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GQRE ranks 33 for risk / return — below 33% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) and compare them to S&P 500 Index.
| GQRE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | — | — |
| Martin ratioReturn relative to average drawdown | 4.92 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
FlexShares Global Quality Real Estate Index Fund provided a 4.31% dividend yield over the last twelve months, with an annual payout of $2.75 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.75 | $2.80 | $2.15 | $1.62 | $1.35 | $1.75 | $1.18 | $2.78 | $1.79 | $1.23 | $2.35 | $1.32 |
Dividend yield | 4.31% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Global Quality Real Estate Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $1.57 | $2.80 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $1.25 | $2.15 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $1.62 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.36 | $1.35 |
| 2021 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $1.04 | $1.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares Global Quality Real Estate Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FlexShares Global Quality Real Estate Index Fund was 41.87%, occurring on Mar 23, 2020. Recovery took 300 trading sessions.
The current FlexShares Global Quality Real Estate Index Fund drawdown is 2.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.87%Mar 2020 | 1mo 4d | 1y 2mo | 1y 3moFeb 2020 - Jun 2021 |
2023 bear market2023 | -35.08%Oct 2023 | 1y 9mo | 2y 3mo | 4y 1moJan 2022 - Feb 2026 |
Rate-hike selloffLate 2018 | -13.51%Dec 2018 | 3mo 26d | 1mo 27d | 5mo 23dAug 2018 - Feb 2019 |
2016 correction2016 | -12.78%Nov 2016 | 3mo 22d | 6mo 25d | 10mo 17dAug 2016 - Jun 2017 |
2015 correction2015 | -11.51%Sep 2015 | 7mo | 6mo 15d | 1y 1moFeb 2015 - Mar 2016 |
Drawdown Indicators
| GQRE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -9.10% | -32.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | — | — |
Current DrawdownCurrent decline from peak | -2.45% | -2.97% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -1.13% | -8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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