ERET vs. GQRE
ERET (Ishares Environmentally Aware Real Estate ETF) and GQRE (FlexShares Global Quality Real Estate Index Fund) are both exchange-traded funds - ERET is a REIT fund tracking the FTSE EPRA Nareit Developed Green Target Index, while GQRE is a Quality Factor fund tracking the Northern Trust Global Quality Real Estate (NR). Both are passively managed. Over the past 3 years, ERET returned 10.14%/yr vs 11.36%/yr for GQRE. Their 0.96 correlation means they have historically moved very closely together. ERET charges 0.30%/yr vs 0.45%/yr for GQRE.
Performance
ERET vs. GQRE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ERET having a 11.91% return and GQRE slightly higher at 12.25%.
ERET
- 1D
- -0.24%
- 1M
- 1.31%
- 6M
- 8.69%
- YTD
- 11.91%
- 1Y
- 17.44%
- 3Y*
- 10.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.91%
GQRE
- 1D
- -0.16%
- 1M
- 0.96%
- 6M
- 8.81%
- YTD
- 12.25%
- 1Y
- 16.52%
- 3Y*
- 11.36%
- 5Y*
- 2.42%
- 10Y*
- 3.76%
- ALL TIME*
- 5.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $79.74K | $48.03K | $74.82K | |
| $775.77K | $567.45K | $772.27K |
ERET vs. GQRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERET Ishares Environmentally Aware Real Estate ETF | 11.91% | 10.26% | 0.60% | 10.25% | 0.29% |
GQRE FlexShares Global Quality Real Estate Index Fund | 12.25% | 8.27% | 6.09% | 9.21% | -0.91% |
Correlation
The correlation between ERET and GQRE is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2022 | 0.96 |
The correlation between ERET and GQRE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
ERET vs. GQRE — Risk / Return Rank
ERET
GQRE
ERET vs. GQRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Environmentally Aware Real Estate ETF (ERET) and FlexShares Global Quality Real Estate Index Fund (GQRE). 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.
| ERET | GQRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.63 | +0.04 |
| Martin ratioReturn relative to average drawdown | 6.25 | 6.31 | -0.06 |
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Drawdowns
ERET vs. GQRE - Drawdown Comparison
The maximum ERET drawdown since its inception was -20.30%, smaller than the maximum GQRE drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for ERET and GQRE.
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Drawdown Indicators
| ERET | GQRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.30% | -41.87% | +21.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -10.15% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -15.18% | -2.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.87% | — |
Current DrawdownCurrent decline from peak | -1.62% | -1.93% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -9.13% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.62% | +0.18% |
Volatility
ERET vs. GQRE - Volatility Comparison
Ishares Environmentally Aware Real Estate ETF (ERET) and FlexShares Global Quality Real Estate Index Fund (GQRE) have volatilities of 3.32% and 3.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERET | GQRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 3.25% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 9.42% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 11.73% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 16.45% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 17.64% | -1.99% |
ERET vs. GQRE - Expense Ratio Comparison
ERET has a 0.30% expense ratio, which is lower than GQRE's 0.45% expense ratio.
Dividends
ERET vs. GQRE - Dividend Comparison
ERET's dividend yield for the trailing twelve months is around 3.25%, less than GQRE's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERET Ishares Environmentally Aware Real Estate ETF | 3.25% | 3.79% | 4.26% | 3.67% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GQRE FlexShares Global Quality Real Estate Index Fund | 4.18% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
Frequently Asked Questions
With a correlation of 0.95, ERET and GQRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ERET has higher volatility (3.32%) compared to GQRE (3.25%). In terms of maximum drawdown, ERET dropped -20.30% vs GQRE's -41.87%.
On 3-year performance, GQRE leads with 11.36% vs 10.14% for ERET. On fees, ERET is cheaper at 0.30% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GQRE has performed better with a 11.36% return vs 10.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ERET is cheaper with a 0.30% expense ratio, compared with 0.45% for GQRE.
GQRE has the higher dividend yield at 4.18%, compared with 3.25% for ERET.
ERET is categorized as REIT, while GQRE is Quality Factor. ERET tracks FTSE EPRA Nareit Developed Green Target Index, while GQRE tracks Northern Trust Global Quality Real Estate (NR). They also come from different issuers: iShares and Northern Trust. Their fees differ too: 0.30% for ERET and 0.45% for GQRE.
ERET currently has the higher Sharpe Ratio (1.43 vs 1.42), 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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