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DJRE.AX vs. SLF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DJRE.AX vs. SLF.AX

Last updated Jul 16, 2026
Documentation

DJRE.AX (State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF) and SLF.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF) are both REIT funds from SPDR - DJRE.AX tracks the Dow Jones Global Select ESG Tilted Real Estate Securities Index while SLF.AX tracks the SPDR Index. Both are passively managed. Over the past 10 years, DJRE.AX returned 3.56%/yr vs 7.08%/yr for SLF.AX. At a 0.41 correlation, their price movements are largely independent.

Performance

DJRE.AX vs. SLF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF (DJRE.AX) and SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF (SLF.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DJRE.AX achieves a 6.95% return, which is significantly higher than SLF.AX's -7.90% return. Over the past 10 years, DJRE.AX has underperformed SLF.AX with an annualized return of 3.56%, while SLF.AX has yielded a comparatively higher 7.08% annualized return.

DJRE.AX

1D
0.09%
1M
1.75%
6M
6.26%
YTD
6.95%
1Y
9.62%
3Y*
7.79%
5Y*
2.92%
10Y*
3.56%

SLF.AX

1D
0.00%
1M
-4.92%
6M
-7.36%
YTD
-7.90%
1Y
-5.99%
3Y*
9.40%
5Y*
6.74%
10Y*
7.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DJRE.AX vs. SLF.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DJRE.AX
State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF		6.95%2.61%7.87%11.14%-20.36%38.59%-19.06%18.19%4.70%-0.78%
SLF.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF		-7.90%8.02%19.77%21.15%-17.73%28.03%0.02%22.20%7.29%6.80%

Correlation

The correlation between DJRE.AX and SLF.AX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (10Y)
Calculated over the trailing 10-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2013

0.41

The correlation between DJRE.AX and SLF.AX shifts across timeframes, from 0.34 (3 years) to 0.45 (5 years), reflecting how their relationship changes across market environments.

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State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF

SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF

Return for Risk

DJRE.AX vs. SLF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DJRE.AX
DJRE.AX Risk / Return Rank: 2525
Overall Rank
DJRE.AX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
DJRE.AX Sortino Ratio Rank: 2323
Sortino Ratio Rank
DJRE.AX Omega Ratio Rank: 2323
Omega Ratio Rank
DJRE.AX Calmar Ratio Rank: 2727
Calmar Ratio Rank
DJRE.AX Martin Ratio Rank: 2626
Martin Ratio Rank
SLF.AX
SLF.AX Risk / Return Rank: 66
Overall Rank
SLF.AX Sharpe Ratio Rank: 66
Sharpe Ratio Rank
SLF.AX Sortino Ratio Rank: 66
Sortino Ratio Rank
SLF.AX Omega Ratio Rank: 66
Omega Ratio Rank
SLF.AX Calmar Ratio Rank: 77
Calmar Ratio Rank
SLF.AX Martin Ratio Rank: 77
Martin Ratio Rank
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.

DJRE.AX vs. SLF.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF (DJRE.AX) and SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF (SLF.AX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

DJRE.AXSLF.AXDifference
Sharpe ratioReturn per unit of total volatility
0.75
-0.31

+1.06

Sortino ratioReturn per unit of downside risk
1.12
-0.30

+1.43

Omega ratioGain probability vs. loss probability

1.14

0.96

+0.17

Calmar ratioReturn relative to maximum drawdown

1.15

-0.26

+1.40

Martin ratioReturn relative to average drawdown

2.83

-0.54

+3.37

DJRE.AX vs. SLF.AX - Sharpe Ratio Comparison

The current DJRE.AX Sharpe Ratio is 0.75, which is higher than the SLF.AX Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of DJRE.AX and SLF.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DJRE.AX vs. SLF.AX - Drawdown Comparison

The maximum DJRE.AX drawdown since its inception was -35.10%, smaller than the maximum SLF.AX drawdown of -75.42%. Use the drawdown chart below to compare losses from any high point for DJRE.AX and SLF.AX.

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Drawdown Indicators

DJRE.AXSLF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-35.10%

-75.42%

+40.32%

Max Drawdown (1Y)

Largest decline over 1 year

-8.85%

-22.29%

+13.44%

Max Drawdown (3Y)

Largest decline over 3 years

-11.63%

-22.29%

+10.66%

Max Drawdown (5Y)

Largest decline over 5 years

-24.27%

-28.42%

+4.15%

Max Drawdown (10Y)

Largest decline over 10 years

-35.10%

-49.10%

+14.00%

Current Drawdown

Current decline from peak

-1.74%

-13.47%

+11.73%

Average Drawdown

Average peak-to-trough decline

-8.53%

-24.75%

+16.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.63%

10.71%

-7.08%

Volatility

DJRE.AX vs. SLF.AX - Volatility Comparison

State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF (DJRE.AX) has a higher volatility of 4.72% compared to SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF (SLF.AX) at 4.26%. This indicates that DJRE.AX's price experiences larger fluctuations and is considered to be riskier than SLF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DJRE.AXSLF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.72%

4.26%

+0.46%

Volatility (6M)

Calculated over the trailing 6-month period

10.68%

15.25%

-4.57%

Volatility (1Y)

Calculated over the trailing 1-year period

13.49%

18.68%

-5.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.16%

20.32%

-5.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.99%

22.58%

-6.59%

Dividends

DJRE.AX vs. SLF.AX - Dividend Comparison

DJRE.AX's dividend yield for the trailing twelve months is around 2.69%, less than SLF.AX's 4.96% yield.

PositionTTM20252024202320222021202020192018201720162015
DJRE.AX
State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF		2.69%2.82%1.70%2.80%6.57%2.81%2.62%2.68%4.20%3.45%3.22%2.21%
SLF.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF		4.96%4.33%4.15%11.34%11.20%7.47%9.34%8.99%13.05%5.78%3.81%3.29%

Frequently Asked Questions

DJRE.AX and SLF.AX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DJRE.AX tracks Dow Jones Global Select ESG Tilted Real Estate Securities Index, while SLF.AX tracks SPDR Index.

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