ARE vs. PICK
ARE (Alexandria Real Estate Equities, Inc.) is a stock, while PICK (iShares MSCI Global Metals & Mining Producers ETF) is Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. Over the past 10 years, ARE returned -3.00%/yr vs 16.39%/yr for PICK. At a 0.30 correlation, their price movements are largely independent.
Performance
ARE vs. PICK - Performance Comparison
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Returns By Period
In the year-to-date period, ARE achieves a 6.35% return, which is significantly lower than PICK's 14.51% return. Over the past 10 years, ARE has underperformed PICK with an annualized return of -3.00%, while PICK has yielded a comparatively higher 16.39% annualized return.
ARE
- 1D
- -0.70%
- 1M
- 5.93%
- YTD
- 6.35%
- 6M
- 8.32%
- 1Y
- -27.50%
- 3Y*
- -18.07%
- 5Y*
- -19.21%
- 10Y*
- -3.00%
PICK
- 1D
- -2.43%
- 1M
- -7.52%
- YTD
- 14.51%
- 6M
- 14.07%
- 1Y
- 63.17%
- 3Y*
- 17.30%
- 5Y*
- 9.85%
- 10Y*
- 16.39%
ARE vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARE Alexandria Real Estate Equities, Inc. | 6.35% | -46.60% | -19.44% | -9.11% | -32.62% | 28.09% | 13.27% | 44.04% | -8.97% | 20.95% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 14.51% | 51.89% | -16.37% | 9.69% | 2.54% | 22.61% | 27.46% | 16.47% | -18.65% | 38.42% |
Correlation
The correlation between ARE and PICK is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.30 |
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Return for Risk
ARE vs. PICK — Risk / Return Rank
ARE
PICK
ARE vs. PICK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alexandria Real Estate Equities, Inc. (ARE) and iShares MSCI Global Metals & Mining Producers ETF (PICK). 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.
| ARE | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.36 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 3.25 | -3.78 |
| Martin ratioReturn relative to average drawdown | -0.83 | 12.00 | -12.83 |
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Drawdowns
ARE vs. PICK - Drawdown Comparison
The maximum ARE drawdown since its inception was -77.92%, which is greater than PICK's maximum drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for ARE and PICK.
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Drawdown Indicators
| ARE | PICK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.92% | -68.87% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -51.61% | -19.54% | -32.07% |
Max Drawdown (3Y)Largest decline over 3 years | -65.64% | -32.52% | -33.12% |
Max Drawdown (5Y)Largest decline over 5 years | -77.92% | -36.37% | -41.55% |
Max Drawdown (10Y)Largest decline over 10 years | -77.92% | -52.72% | -25.20% |
Current DrawdownCurrent decline from peak | -72.00% | -14.71% | -57.29% |
Average DrawdownAverage peak-to-trough decline | -17.80% | -24.05% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.15% | 5.28% | +27.87% |
Volatility
ARE vs. PICK - Volatility Comparison
Alexandria Real Estate Equities, Inc. (ARE) has a higher volatility of 14.18% compared to iShares MSCI Global Metals & Mining Producers ETF (PICK) at 13.30%. This indicates that ARE's price experiences larger fluctuations and is considered to be riskier than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARE | PICK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.18% | 13.30% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 31.46% | 26.68% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.45% | 30.24% | +14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.13% | 28.15% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.31% | 28.34% | +0.97% |
Dividends
ARE vs. PICK - Dividend Comparison
ARE's dividend yield for the trailing twelve months is around 7.96%, more than PICK's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARE Alexandria Real Estate Equities, Inc. | 7.96% | 9.56% | 5.32% | 3.91% | 3.24% | 2.01% | 2.38% | 2.48% | 3.24% | 2.64% | 2.91% | 3.38% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 2.26% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
Frequently Asked Questions
ARE and PICK have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARE has higher volatility (14.18%) compared to PICK (13.30%). In terms of maximum drawdown, ARE dropped -77.92% vs PICK's -68.87%.
PICK currently has the higher Sharpe Ratio (2.10 vs -0.62), 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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