BIRDX vs. WPC
Compare and contrast key facts about iShares Developed Real Estate Index Fund (BIRDX) and W. P. Carey Inc. (WPC).
BIRDX is managed by Blackrock. It was launched on Aug 12, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIRDX or WPC.
Key characteristics
| BIRDX | WPC | |
|---|---|---|
| YTD Return | -5.43% | -14.38% |
| 1Y Return | 3.61% | -17.87% |
| 3Y Return (Ann) | -4.33% | -3.99% |
| 5Y Return (Ann) | -0.59% | -1.24% |
| Sharpe Ratio | 0.22 | -0.83 |
| Daily Std Dev | 16.54% | 23.33% |
| Max Drawdown | -43.03% | -52.45% |
| Current Drawdown | -21.37% | -30.49% |
Correlation
The correlation between BIRDX and WPC is 0.75, 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.
Performance
BIRDX vs. WPC - Performance Comparison
In the year-to-date period, BIRDX achieves a -5.43% return, which is significantly higher than WPC's -14.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BIRDX vs. WPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Developed Real Estate Index Fund (BIRDX) and W. P. Carey Inc. (WPC). 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.
Dividends
BIRDX vs. WPC - Dividend Comparison
BIRDX's dividend yield for the trailing twelve months is around 3.39%, less than WPC's 6.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 3.39% | 2.99% | 1.24% | 3.54% | 1.78% | 6.67% | 4.18% | 4.71% | 2.24% | 1.38% | 0.00% | 0.00% |
WPC W. P. Carey Inc. | 6.99% | 6.17% | 5.43% | 5.12% | 5.91% | 5.17% | 6.26% | 5.82% | 6.65% | 6.48% | 5.26% | 5.70% |
Drawdowns
BIRDX vs. WPC - Drawdown Comparison
The maximum BIRDX drawdown since its inception was -43.03%, smaller than the maximum WPC drawdown of -52.45%. Use the drawdown chart below to compare losses from any high point for BIRDX and WPC. For additional features, visit the drawdowns tool.
Volatility
BIRDX vs. WPC - Volatility Comparison
The current volatility for iShares Developed Real Estate Index Fund (BIRDX) is 5.50%, while W. P. Carey Inc. (WPC) has a volatility of 7.35%. This indicates that BIRDX experiences smaller price fluctuations and is considered to be less risky than WPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.