DFAR vs. RWO
Compare and contrast key facts about Dimensional US Real Estate ETF (DFAR) and SPDR Dow Jones Global Real Estate ETF (RWO).
DFAR and RWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAR is an actively managed fund by Dimensional Fund Advisors. It was launched on Feb 23, 2022. RWO is a passively managed fund by State Street that tracks the performance of the Dow Jones Global Select Real Estate Securities Index. It was launched on May 13, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAR or RWO.
Key characteristics
| DFAR | RWO | |
|---|---|---|
| YTD Return | 14.43% | 10.47% |
| 1Y Return | 33.34% | 27.47% |
| Sharpe Ratio | 1.89 | 1.71 |
| Sortino Ratio | 2.72 | 2.52 |
| Omega Ratio | 1.34 | 1.31 |
| Calmar Ratio | 1.03 | 0.85 |
| Martin Ratio | 7.70 | 6.83 |
| Ulcer Index | 4.32% | 4.07% |
| Daily Std Dev | 17.60% | 16.27% |
| Max Drawdown | -32.27% | -68.60% |
| Current Drawdown | -3.27% | -8.25% |
Correlation
The correlation between DFAR and RWO is 0.96, 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
DFAR vs. RWO - Performance Comparison
In the year-to-date period, DFAR achieves a 14.43% return, which is significantly higher than RWO's 10.47% 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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DFAR vs. RWO - Expense Ratio Comparison
DFAR has a 0.19% expense ratio, which is lower than RWO's 0.50% expense ratio.
Risk-Adjusted Performance
DFAR vs. RWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional US Real Estate ETF (DFAR) and SPDR Dow Jones Global Real Estate ETF (RWO). 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
DFAR vs. RWO - Dividend Comparison
DFAR's dividend yield for the trailing twelve months is around 2.33%, less than RWO's 3.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAR Dimensional US Real Estate ETF | 2.33% | 3.06% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RWO SPDR Dow Jones Global Real Estate ETF | 3.28% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% | 3.08% | 3.77% |
Drawdowns
DFAR vs. RWO - Drawdown Comparison
The maximum DFAR drawdown since its inception was -32.27%, smaller than the maximum RWO drawdown of -68.60%. Use the drawdown chart below to compare losses from any high point for DFAR and RWO. For additional features, visit the drawdowns tool.
Volatility
DFAR vs. RWO - Volatility Comparison
Dimensional US Real Estate ETF (DFAR) has a higher volatility of 3.30% compared to SPDR Dow Jones Global Real Estate ETF (RWO) at 2.85%. This indicates that DFAR's price experiences larger fluctuations and is considered to be riskier than RWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.