Correlation
The correlation between BIREX and EQWL is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BIREX vs. EQWL
Compare and contrast key facts about BlackRock Real Estate Securities Fund (BIREX) and Invesco S&P 100 Equal Weight ETF (EQWL).
BIREX is managed by Blackrock. It was launched on Sep 28, 2012. EQWL is a passively managed fund by Invesco that tracks the performance of the S&P 100 Equal Weighted. It was launched on Dec 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIREX or EQWL.
Performance
BIREX vs. EQWL - Performance Comparison
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Key characteristics
BIREX:
0.74
EQWL:
0.98
BIREX:
0.98
EQWL:
1.33
BIREX:
1.13
EQWL:
1.19
BIREX:
0.46
EQWL:
1.00
BIREX:
1.78
EQWL:
4.14
BIREX:
6.39%
EQWL:
3.61%
BIREX:
17.59%
EQWL:
17.05%
BIREX:
-41.92%
EQWL:
-49.36%
BIREX:
-15.34%
EQWL:
-2.10%
Returns By Period
In the year-to-date period, BIREX achieves a 0.54% return, which is significantly lower than EQWL's 3.64% return. Over the past 10 years, BIREX has underperformed EQWL with an annualized return of 3.77%, while EQWL has yielded a comparatively higher 12.21% annualized return.
BIREX
0.54%
1.57%
-7.51%
12.87%
-0.58%
7.34%
3.77%
EQWL
3.64%
4.66%
-0.68%
16.54%
12.69%
15.91%
12.21%
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BIREX vs. EQWL - Expense Ratio Comparison
BIREX has a 0.75% expense ratio, which is higher than EQWL's 0.25% expense ratio.
Risk-Adjusted Performance
BIREX vs. EQWL — Risk-Adjusted Performance Rank
BIREX
EQWL
BIREX vs. EQWL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Real Estate Securities Fund (BIREX) and Invesco S&P 100 Equal Weight ETF (EQWL). 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.
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Dividends
BIREX vs. EQWL - Dividend Comparison
BIREX's dividend yield for the trailing twelve months is around 2.90%, more than EQWL's 1.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIREX BlackRock Real Estate Securities Fund | 2.90% | 2.88% | 2.87% | 5.34% | 1.63% | 2.72% | 1.93% | 3.07% | 9.88% | 7.18% | 6.75% | 2.15% |
EQWL Invesco S&P 100 Equal Weight ETF | 1.86% | 1.86% | 1.97% | 2.12% | 1.65% | 2.01% | 2.04% | 2.23% | 1.27% | 2.01% | 2.03% | 1.74% |
Drawdowns
BIREX vs. EQWL - Drawdown Comparison
The maximum BIREX drawdown since its inception was -41.92%, smaller than the maximum EQWL drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for BIREX and EQWL.
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Volatility
BIREX vs. EQWL - Volatility Comparison
BlackRock Real Estate Securities Fund (BIREX) and Invesco S&P 100 Equal Weight ETF (EQWL) have volatilities of 4.81% and 4.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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