AAAZX vs. IFRA
AAAZX (DWS RREEF Real Assets Fund) and IFRA (iShares U.S. Infrastructure ETF) are both funds - AAAZX is a Global Allocation fund managed by DWS, while IFRA is a Infrastructure Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR). Over the past 5 years, AAAZX returned 5.43%/yr vs 13.28%/yr for IFRA. Their 0.76 correlation means they have sometimes moved together and sometimes differently. AAAZX charges 0.90%/yr vs 0.30%/yr for IFRA.
Performance
AAAZX vs. IFRA - Performance Comparison
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Returns By Period
In the year-to-date period, AAAZX achieves a 11.24% return, which is significantly lower than IFRA's 16.00% return.
AAAZX
- 1D
- 0.38%
- 1M
- 2.63%
- 6M
- 3.32%
- YTD
- 11.24%
- 1Y
- 18.05%
- 3Y*
- 10.37%
- 5Y*
- 5.43%
- 10Y*
- 7.15%
- ALL TIME*
- 4.69%
IFRA
- 1D
- 0.00%
- 1M
- -2.67%
- 6M
- 8.92%
- YTD
- 16.00%
- 1Y
- 23.20%
- 3Y*
- 16.79%
- 5Y*
- 13.28%
- 10Y*
- —
- ALL TIME*
- 13.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $20.72M | $20.65M | $23.36M |
AAAZX vs. IFRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AAAZX DWS RREEF Real Assets Fund | 11.24% | 13.14% | 5.49% | 2.64% | -9.57% | 23.83% | 3.91% | 21.79% | -2.38% |
IFRA iShares U.S. Infrastructure ETF | 16.00% | 15.90% | 17.02% | 13.42% | -3.32% | 29.81% | 7.37% | 27.00% | -7.97% |
Correlation
The correlation between AAAZX and IFRA is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.76 |
The correlation between AAAZX and IFRA shifts across timeframes, from 0.62 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AAAZX vs. IFRA — Risk / Return Rank
AAAZX
IFRA
AAAZX vs. IFRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS RREEF Real Assets Fund (AAAZX) and iShares U.S. Infrastructure ETF (IFRA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAAZX | IFRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.61 | +0.40 |
| Martin ratioReturn relative to average drawdown | 8.25 | 8.59 | -0.33 |
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Drawdowns
AAAZX vs. IFRA - Drawdown Comparison
The maximum AAAZX drawdown since its inception was -40.45%, roughly equal to the maximum IFRA drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for AAAZX and IFRA.
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Drawdown Indicators
| AAAZX | IFRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.45% | -41.06% | +0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -8.40% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -10.06% | -19.93% | +9.87% |
Max Drawdown (5Y)Largest decline over 5 years | -22.52% | -19.93% | -2.59% |
Max Drawdown (10Y)Largest decline over 10 years | -29.44% | — | — |
Current DrawdownCurrent decline from peak | -2.32% | -5.46% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -5.09% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 2.55% | -0.44% |
Volatility
AAAZX vs. IFRA - Volatility Comparison
The current volatility for DWS RREEF Real Assets Fund (AAAZX) is 2.16%, while iShares U.S. Infrastructure ETF (IFRA) has a volatility of 4.01%. This indicates that AAAZX experiences smaller price fluctuations and is considered to be less risky than IFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAAZX | IFRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 4.01% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 12.02% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 15.40% | -6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.07% | 17.87% | -5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.70% | 21.29% | -8.59% |
AAAZX vs. IFRA - Expense Ratio Comparison
AAAZX has a 0.90% expense ratio, which is higher than IFRA's 0.30% expense ratio.
Dividends
AAAZX vs. IFRA - Dividend Comparison
AAAZX's dividend yield for the trailing twelve months is around 6.60%, more than IFRA's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAZX DWS RREEF Real Assets Fund | 6.60% | 4.15% | 2.85% | 2.40% | 4.50% | 2.62% | 1.60% | 2.07% | 1.89% | 1.79% | 1.82% | 2.53% |
IFRA iShares U.S. Infrastructure ETF | 1.61% | 1.84% | 1.75% | 1.98% | 1.98% | 1.63% | 2.08% | 1.68% | 2.50% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAAZX and IFRA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFRA has higher volatility (4.01%) compared to AAAZX (2.16%). In terms of maximum drawdown, AAAZX dropped -40.45% vs IFRA's -41.06%.
AAAZX currently has the higher Sharpe Ratio (1.87 vs 1.43), 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.
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