DFGR vs. REAI

Last updated Jun 4, 2026

DFGR (Dimensional Global Real Estate ETF) and REAI (Intelligent Real Estate ETF) are both REIT funds. Both are actively managed. Over the past year, DFGR returned 10.27% vs 13.25% for REAI. Their correlation of 0.87 suggests significant overlap in exposure. DFGR charges 0.22%/yr vs 0.59%/yr for REAI.

Performance

DFGR vs. REAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Global Real Estate ETF (DFGR) and Intelligent Real Estate ETF (REAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFGR achieves a 7.61% return, which is significantly lower than REAI's 13.24% return.

DFGR

• 1D: -0.28%
• 1M: -1.00%
• YTD: 7.61%
• 6M: 7.46%
• 1Y: 10.27%
• 3Y*: 8.89%
• 5Y*: —
• 10Y*: —

REAI

• 1D: -0.80%
• 1M: -0.84%
• YTD: 13.24%
• 6M: 13.01%
• 1Y: 13.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFGR vs. REAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFGR Dimensional Global Real Estate ETF	7.61%	7.65%	1.89%	9.06%
REAI Intelligent Real Estate ETF	13.24%	-6.08%	8.00%	1.46%

Correlation

The correlation between DFGR and REAI is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 14, 2023	0.87

The correlation between DFGR and REAI has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

DFGR vs. REAI - Sectors Allocation Comparison

Sectors	DFGR	REAI
Real Estate	99.1%	97.9%
Financial Services	0.1%	-
Technology	0.1%	2.1%
Communication Services	0.0%	1.8%
Consumer Cyclical	0.0%	-
Healthcare	0.0%	-
Industrials	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	-
Utilities	0.0%	-
Basic Materials	-	-

Return for Risk

DFGR vs. REAI — Risk / Return Rank

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

DFGR

DFGR Risk / Return Rank: 24
DFGR Sharpe Ratio Rank: 24
DFGR Sortino Ratio Rank: 23
DFGR Omega Ratio Rank: 23
DFGR Calmar Ratio Rank: 24
DFGR Martin Ratio Rank: 28

REAI

REAI Risk / Return Rank: 25
REAI Sharpe Ratio Rank: 25
REAI Sortino Ratio Rank: 24
REAI Omega Ratio Rank: 24
REAI Calmar Ratio Rank: 26
REAI Martin Ratio Rank: 24

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.

DFGR vs. REAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Real Estate ETF (DFGR) and Intelligent Real Estate ETF (REAI). 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.

	DFGR	REAI	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.86	+0.01
Sortino ratio: Return per unit of downside risk	1.26	1.26	0.00
Omega ratio: Gain probability vs. loss probability	1.16	1.16	0.00
Calmar ratio: Return relative to maximum drawdown	1.13	1.20	-0.07
Martin ratio: Return relative to average drawdown	4.00	3.08	+0.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFGR vs. REAI - Sharpe Ratio Comparison

The current DFGR Sharpe Ratio is 0.87, which is comparable to the REAI Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of DFGR and REAI, 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

	DFGR	REAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.86	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.29	+0.18

Drawdowns

DFGR vs. REAI - Drawdown Comparison

The maximum DFGR drawdown since its inception was -21.28%, roughly equal to the maximum REAI drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for DFGR and REAI.

Drawdown Indicators

	DFGR	REAI	Difference
Max Drawdown Largest peak-to-trough decline	-21.28%	-22.29%	+1.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-11.08%	+1.93%
Max Drawdown (3Y) Largest decline over 3 years	-17.57%	—	—
Current Drawdown Current decline from peak	-2.76%	-3.62%	+0.86%
Average Drawdown Average peak-to-trough decline	-6.30%	-7.30%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	4.31%	-1.73%

Volatility

DFGR vs. REAI - Volatility Comparison

The current volatility for Dimensional Global Real Estate ETF (DFGR) is 3.61%, while Intelligent Real Estate ETF (REAI) has a volatility of 3.87%. This indicates that DFGR experiences smaller price fluctuations and is considered to be less risky than REAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFGR	REAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	3.87%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	10.47%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	15.39%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	18.06%	-2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.42%	18.06%	-2.64%

DFGR vs. REAI - Expense Ratio Comparison

DFGR has a 0.22% expense ratio, which is lower than REAI's 0.59% expense ratio.

Dividends

DFGR vs. REAI - Dividend Comparison

DFGR's dividend yield for the trailing twelve months is around 3.95%, more than REAI's 3.27% yield.

Position	TTM	2025	2024	2023	2022
DFGR Dimensional Global Real Estate ETF	3.95%	4.05%	3.73%	2.77%	0.59%
REAI Intelligent Real Estate ETF	3.27%	4.52%	3.34%	1.99%	0.00%

Frequently Asked Questions

Can I hold both DFGR and REAI in my portfolio?

DFGR and REAI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFGR or REAI?

REAI has higher volatility (3.87%) compared to DFGR (3.61%). In terms of maximum drawdown, DFGR dropped -21.28% vs REAI's -22.29%.

Which ETF is better, DFGR or REAI?

On 1-year performance, REAI leads with 13.25% vs 10.27% for DFGR. On fees, DFGR is cheaper at 0.22% per year. On volatility, DFGR has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFGR or REAI?

Over the 1-year period, REAI has performed better with a 13.25% return vs 10.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFGR or REAI?

DFGR is cheaper with a 0.22% expense ratio, compared with 0.59% for REAI.

Which ETF pays a higher dividend yield, DFGR or REAI?

DFGR has the higher dividend yield at 3.95%, compared with 3.27% for REAI.

What is the main difference between DFGR and REAI?

They also come from different issuers: Dimensional and Armada ETF Advisors. Their fees differ too: 0.22% for DFGR and 0.59% for REAI.

Which has better risk-adjusted returns?

DFGR currently has the higher Sharpe Ratio (0.87 vs 0.86), 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.