^DWRSF vs. SPRE

Last updated Jun 4, 2026

^DWRSF (Dow Jones U.S. Select Real Estate Securities Index) is an index, while SPRE (SP Funds S&P Global REIT Sharia ETF) is REIT fund tracking the S&P Global All Equity REIT Shariah Capped Index. Over the past 5 years, ^DWRSF returned 0.79%/yr vs 1.61%/yr for SPRE. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

^DWRSF vs. SPRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dow Jones U.S. Select Real Estate Securities Index (^DWRSF) and SP Funds S&P Global REIT Sharia ETF (SPRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^DWRSF achieves a 10.71% return, which is significantly higher than SPRE's 7.98% return.

^DWRSF

• 1D: 0.25%
• 1M: -0.71%
• YTD: 10.71%
• 6M: 8.55%
• 1Y: 11.75%
• 3Y*: 7.31%
• 5Y*: 0.79%
• 10Y*: —

SPRE

• 1D: 0.10%
• 1M: -0.84%
• YTD: 7.98%
• 6M: 8.40%
• 1Y: 11.05%
• 3Y*: 6.70%
• 5Y*: 1.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

^DWRSF vs. SPRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
^DWRSF Dow Jones U.S. Select Real Estate Securities Index	10.71%	-0.33%	3.98%	9.40%	-28.59%	41.64%	0.87%
SPRE SP Funds S&P Global REIT Sharia ETF	7.98%	3.07%	2.11%	9.40%	-29.48%	44.78%	0.73%

Correlation

The correlation between ^DWRSF and SPRE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 31, 2020	0.90

The correlation between ^DWRSF and SPRE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

^DWRSF vs. SPRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^DWRSF

^DWRSF Risk / Return Rank: 41
^DWRSF Sharpe Ratio Rank: 39
^DWRSF Sortino Ratio Rank: 39
^DWRSF Omega Ratio Rank: 39
^DWRSF Calmar Ratio Rank: 45
^DWRSF Martin Ratio Rank: 45

SPRE

SPRE Risk / Return Rank: 24
SPRE Sharpe Ratio Rank: 23
SPRE Sortino Ratio Rank: 23
SPRE Omega Ratio Rank: 22
SPRE Calmar Ratio Rank: 24
SPRE Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^DWRSF vs. SPRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Select Real Estate Securities Index (^DWRSF) and SP Funds S&P Global REIT Sharia ETF (SPRE). 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.

	^DWRSF	SPRE	Difference
Sharpe ratio Return per unit of total volatility	0.88	0.84	+0.04
Sortino ratio Return per unit of downside risk	1.26	1.22	+0.04
Omega ratio Gain probability vs. loss probability	1.16	1.15	0.00
Calmar ratio Return relative to maximum drawdown	1.47	1.15	+0.32
Martin ratio Return relative to average drawdown	4.60	3.91	+0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^DWRSF vs. SPRE - Sharpe Ratio Comparison

The current ^DWRSF Sharpe Ratio is 0.88, which is comparable to the SPRE Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of ^DWRSF and SPRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^DWRSF	SPRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.84	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.09	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.25	-0.10

Drawdowns

^DWRSF vs. SPRE - Drawdown Comparison

The maximum ^DWRSF drawdown since its inception was -44.52%, which is greater than SPRE's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for ^DWRSF and SPRE.

Drawdown Indicators

	^DWRSF	SPRE	Difference
Max Drawdown Largest peak-to-trough decline	-44.52%	-38.34%	-6.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-9.63%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-22.04%	+2.09%
Max Drawdown (5Y) Largest decline over 5 years	-36.72%	-38.34%	+1.62%
Current Drawdown Current decline from peak	-10.37%	-12.33%	+1.96%
Average Drawdown Average peak-to-trough decline	-15.08%	-17.92%	+2.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.83%	-0.27%

Volatility

^DWRSF vs. SPRE - Volatility Comparison

Dow Jones U.S. Select Real Estate Securities Index (^DWRSF) has a higher volatility of 4.13% compared to SP Funds S&P Global REIT Sharia ETF (SPRE) at 3.80%. This indicates that ^DWRSF's price experiences larger fluctuations and is considered to be riskier than SPRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^DWRSF	SPRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	3.80%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	9.58%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	13.37%	13.21%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.07%	18.74%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.06%	18.41%	+4.65%

Frequently Asked Questions

Can I hold both ^DWRSF and SPRE in my portfolio?

^DWRSF and SPRE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^DWRSF or SPRE?

^DWRSF has higher volatility (4.13%) compared to SPRE (3.80%). In terms of maximum drawdown, ^DWRSF dropped -44.52% vs SPRE's -38.34%.

Which has better risk-adjusted returns?

^DWRSF currently has the higher Sharpe Ratio (0.88 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.