DTRE vs. UCON
DTRE (First Trust Alerian Disruptive Technology Real Estate ETF) and UCON (First Trust TCW Unconstrained Plus Bond ETF) are both exchange-traded funds - DTRE is a REIT fund tracking the Alerian Disruptive Technology Real Estate Index - Benchmark TR Net, while UCON is a Nontraditional Bonds fund actively managed by First Trust. DTRE is passively managed, while UCON is actively managed. Over the past 5 years, DTRE returned -1.17%/yr vs 2.78%/yr for UCON. At a 0.28 correlation, their price movements are largely independent. DTRE charges 0.60%/yr vs 0.86%/yr for UCON.
Performance
DTRE vs. UCON - Performance Comparison
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Returns By Period
In the year-to-date period, DTRE achieves a 7.24% return, which is significantly higher than UCON's 0.76% return.
DTRE
- 1D
- 1.03%
- 1M
- -1.55%
- YTD
- 7.24%
- 6M
- 8.24%
- 1Y
- 7.12%
- 3Y*
- 6.36%
- 5Y*
- -1.17%
- 10Y*
- 2.67%
UCON
- 1D
- 0.02%
- 1M
- 0.50%
- YTD
- 0.76%
- 6M
- 0.92%
- 1Y
- 5.01%
- 3Y*
- 5.89%
- 5Y*
- 2.78%
- 10Y*
- —
DTRE vs. UCON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DTRE First Trust Alerian Disruptive Technology Real Estate ETF | 7.24% | 8.32% | -9.71% | 13.89% | -26.53% | 27.43% | -8.81% | 21.84% | -5.24% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 0.76% | 7.00% | 4.69% | 7.72% | -5.72% | 1.02% | 6.54% | 7.39% | 1.11% |
Correlation
The correlation between DTRE and UCON is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018 | 0.28 |
Over the past year, DTRE and UCON have become more correlated (0.48) than their long-term average of 0.28, meaning their price movements have been converging.
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Return for Risk
DTRE vs. UCON — Risk / Return Rank
DTRE
UCON
DTRE vs. UCON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alerian Disruptive Technology Real Estate ETF (DTRE) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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.
| DTRE | UCON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.31 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.05 | -1.31 |
| Martin ratioReturn relative to average drawdown | 2.21 | 7.85 | -5.64 |
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Drawdowns
DTRE vs. UCON - Drawdown Comparison
The maximum DTRE drawdown since its inception was -72.26%, which is greater than UCON's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for DTRE and UCON.
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Drawdown Indicators
| DTRE | UCON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.26% | -15.31% | -56.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -2.45% | -7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -20.65% | -2.85% | -17.80% |
Max Drawdown (5Y)Largest decline over 5 years | -34.62% | -9.60% | -25.02% |
Max Drawdown (10Y)Largest decline over 10 years | -42.79% | — | — |
Current DrawdownCurrent decline from peak | -12.24% | -0.43% | -11.81% |
Average DrawdownAverage peak-to-trough decline | -16.87% | -1.48% | -15.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 0.64% | +2.59% |
Volatility
DTRE vs. UCON - Volatility Comparison
First Trust Alerian Disruptive Technology Real Estate ETF (DTRE) has a higher volatility of 4.79% compared to First Trust TCW Unconstrained Plus Bond ETF (UCON) at 0.85%. This indicates that DTRE's price experiences larger fluctuations and is considered to be riskier than UCON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DTRE | UCON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 0.85% | +3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 2.37% | +8.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 2.99% | +10.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.11% | 3.90% | +14.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 5.88% | +12.65% |
DTRE vs. UCON - Expense Ratio Comparison
DTRE has a 0.60% expense ratio, which is lower than UCON's 0.86% expense ratio.
Dividends
DTRE vs. UCON - Dividend Comparison
DTRE's dividend yield for the trailing twelve months is around 3.35%, less than UCON's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTRE First Trust Alerian Disruptive Technology Real Estate ETF | 3.35% | 3.42% | 3.75% | 2.56% | 2.49% | 2.64% | 0.79% | 4.97% | 3.38% | 3.07% | 4.16% | 1.74% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.66% | 4.63% | 4.95% | 4.75% | 3.12% | 2.20% | 3.14% | 3.25% | 1.76% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DTRE and UCON have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DTRE has higher volatility (4.79%) compared to UCON (0.85%). In terms of maximum drawdown, DTRE dropped -72.26% vs UCON's -15.31%.
On 5-year performance, UCON leads with 2.78% vs -1.17% for DTRE. On fees, DTRE is cheaper at 0.60% per year. On volatility, UCON has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UCON has performed better with a 2.78% return vs -1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DTRE is cheaper with a 0.60% expense ratio, compared with 0.86% for UCON.
UCON has the higher dividend yield at 4.66%, compared with 3.35% for DTRE.
DTRE is categorized as REIT, while UCON is Nontraditional Bonds. Their fees differ too: 0.60% for DTRE and 0.86% for UCON.
UCON currently has the higher Sharpe Ratio (1.69 vs 0.52), 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.
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