CRED vs. IFGL

Last updated Jun 4, 2026

CRED (Columbia Research Enhanced Real Estate ETF) and IFGL (iShares International Developed Real Estate ETF) are both REIT funds - CRED tracks the Beta Advantage Lionstone Research Enhanced REIT Index - Benchmark TR Gross while IFGL tracks the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index. Both are passively managed. Over the past 3 years, CRED returned 8.84%/yr vs 6.59%/yr for IFGL. A 0.60 correlation means they provide meaningful diversification when combined. CRED charges 0.33%/yr vs 0.48%/yr for IFGL.

Performance

CRED vs. IFGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Real Estate ETF (CRED) and iShares International Developed Real Estate ETF (IFGL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRED achieves a 12.18% return, which is significantly higher than IFGL's -2.19% return.

CRED

• 1D: -0.33%
• 1M: 0.65%
• YTD: 12.18%
• 6M: 12.65%
• 1Y: 8.89%
• 3Y*: 8.84%
• 5Y*: —
• 10Y*: —

IFGL

• 1D: -1.17%
• 1M: -4.06%
• YTD: -2.19%
• 6M: -0.58%
• 1Y: 6.13%
• 3Y*: 6.59%
• 5Y*: -2.66%
• 10Y*: 1.41%

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

CRED vs. IFGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CRED Columbia Research Enhanced Real Estate ETF	12.18%	-2.30%	5.21%	13.18%
IFGL iShares International Developed Real Estate ETF	-2.19%	24.31%	-7.25%	5.10%

Correlation

The correlation between CRED and IFGL is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023	0.60

The correlation between CRED and IFGL has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

CRED vs. IFGL - Sectors Allocation Comparison

Sectors	CRED	IFGL
Real Estate	99.3%	98.9%
Financial Services	0.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	0.1%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	1.1%
Utilities	-	-

Return for Risk

CRED vs. IFGL — Risk / Return Rank

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

CRED

CRED Risk / Return Rank: 21
CRED Sharpe Ratio Rank: 21
CRED Sortino Ratio Rank: 20
CRED Omega Ratio Rank: 20
CRED Calmar Ratio Rank: 24
CRED Martin Ratio Rank: 21

IFGL

IFGL Risk / Return Rank: 15
IFGL Sharpe Ratio Rank: 16
IFGL Sortino Ratio Rank: 15
IFGL Omega Ratio Rank: 15
IFGL Calmar Ratio Rank: 14
IFGL Martin Ratio Rank: 15

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.

CRED vs. IFGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Real Estate ETF (CRED) and iShares International Developed Real Estate ETF (IFGL). 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.

	CRED	IFGL	Difference
Sharpe ratio: Return per unit of total volatility	0.70	0.45	+0.25
Sortino ratio: Return per unit of downside risk	1.02	0.74	+0.28
Omega ratio: Gain probability vs. loss probability	1.13	1.09	+0.04
Calmar ratio: Return relative to maximum drawdown	1.07	0.43	+0.64
Martin ratio: Return relative to average drawdown	2.42	1.32	+1.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRED vs. IFGL - Sharpe Ratio Comparison

The current CRED Sharpe Ratio is 0.70, which is higher than the IFGL Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of CRED and IFGL, 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

	CRED	IFGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	0.45	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.04	+0.51

Drawdowns

CRED vs. IFGL - Drawdown Comparison

The maximum CRED drawdown since its inception was -17.59%, smaller than the maximum IFGL drawdown of -67.94%. Use the drawdown chart below to compare losses from any high point for CRED and IFGL.

Drawdown Indicators

	CRED	IFGL	Difference
Max Drawdown Largest peak-to-trough decline	-17.59%	-67.94%	+50.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-14.38%	+6.06%
Max Drawdown (3Y) Largest decline over 3 years	-17.59%	-18.77%	+1.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.38%	—
Current Drawdown Current decline from peak	-2.51%	-14.94%	+12.43%
Average Drawdown Average peak-to-trough decline	-5.65%	-16.68%	+11.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	4.65%	-0.97%

Volatility

CRED vs. IFGL - Volatility Comparison

The current volatility for Columbia Research Enhanced Real Estate ETF (CRED) is 3.76%, while iShares International Developed Real Estate ETF (IFGL) has a volatility of 4.54%. This indicates that CRED experiences smaller price fluctuations and is considered to be less risky than IFGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRED	IFGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	4.54%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	11.46%	-2.14%
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	13.68%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	16.38%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	16.59%	-0.35%

CRED vs. IFGL - Expense Ratio Comparison

CRED has a 0.33% expense ratio, which is lower than IFGL's 0.48% expense ratio.

Dividends

CRED vs. IFGL - Dividend Comparison

CRED's dividend yield for the trailing twelve months is around 4.54%, more than IFGL's 3.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRED Columbia Research Enhanced Real Estate ETF	4.54%	5.50%	4.82%	2.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IFGL iShares International Developed Real Estate ETF	3.90%	3.71%	4.83%	1.82%	2.79%	3.25%	2.17%	7.60%	4.10%	4.90%	7.68%	3.70%

Frequently Asked Questions

Can I hold both CRED and IFGL in my portfolio?

CRED and IFGL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRED or IFGL?

IFGL has higher volatility (4.54%) compared to CRED (3.76%). In terms of maximum drawdown, CRED dropped -17.59% vs IFGL's -67.94%.

Which ETF is better, CRED or IFGL?

On 3-year performance, CRED leads with 8.84% vs 6.59% for IFGL. On fees, CRED is cheaper at 0.33% per year. On volatility, CRED has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRED or IFGL?

Over the 3-year period, CRED has performed better with a 8.84% return vs 6.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRED or IFGL?

CRED is cheaper with a 0.33% expense ratio, compared with 0.48% for IFGL.

Which ETF pays a higher dividend yield, CRED or IFGL?

CRED has the higher dividend yield at 4.54%, compared with 3.90% for IFGL.

What is the main difference between CRED and IFGL?

CRED tracks Beta Advantage Lionstone Research Enhanced REIT Index - Benchmark TR Gross, while IFGL tracks FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index. They also come from different issuers: Columbia and iShares. Their fees differ too: 0.33% for CRED and 0.48% for IFGL.

Which has better risk-adjusted returns?

CRED currently has the higher Sharpe Ratio (0.70 vs 0.45), 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.