Correlation
The correlation between GQRE and RLY is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GQRE vs. RLY
Compare and contrast key facts about FlexShares Global Quality Real Estate Index Fund (GQRE) and SPDR SSgA Multi-Asset Real Return ETF (RLY).
GQRE and RLY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GQRE is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Global Quality Real Estate (NR). It was launched on Nov 6, 2013. RLY is an actively managed fund by State Street. It was launched on Apr 25, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GQRE or RLY.
Performance
GQRE vs. RLY - Performance Comparison
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Key characteristics
GQRE:
0.88
RLY:
0.29
GQRE:
1.30
RLY:
0.36
GQRE:
1.17
RLY:
1.05
GQRE:
0.60
RLY:
0.26
GQRE:
3.12
RLY:
0.92
GQRE:
4.58%
RLY:
2.86%
GQRE:
16.05%
RLY:
12.87%
GQRE:
-41.87%
RLY:
-37.74%
GQRE:
-12.05%
RLY:
-0.63%
Returns By Period
In the year-to-date period, GQRE achieves a 4.31% return, which is significantly lower than RLY's 5.74% return. Over the past 10 years, GQRE has underperformed RLY with an annualized return of 3.29%, while RLY has yielded a comparatively higher 4.59% annualized return.
GQRE
4.31%
2.18%
-2.19%
12.40%
1.33%
5.91%
3.29%
RLY
5.74%
2.81%
0.89%
2.74%
0.97%
12.07%
4.59%
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GQRE vs. RLY - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is lower than RLY's 0.50% expense ratio.
Risk-Adjusted Performance
GQRE vs. RLY — Risk-Adjusted Performance Rank
GQRE
RLY
GQRE vs. RLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) and SPDR SSgA Multi-Asset Real Return ETF (RLY). 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.
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Dividends
GQRE vs. RLY - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 3.75%, more than RLY's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 3.75% | 3.77% | 2.90% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% | 2.57% |
RLY SPDR SSgA Multi-Asset Real Return ETF | 3.02% | 3.31% | 3.70% | 5.66% | 12.15% | 2.16% | 3.46% | 2.76% | 1.85% | 2.07% | 1.80% | 1.89% |
Drawdowns
GQRE vs. RLY - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, which is greater than RLY's maximum drawdown of -37.74%. Use the drawdown chart below to compare losses from any high point for GQRE and RLY.
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Volatility
GQRE vs. RLY - Volatility Comparison
FlexShares Global Quality Real Estate Index Fund (GQRE) has a higher volatility of 4.04% compared to SPDR SSgA Multi-Asset Real Return ETF (RLY) at 2.48%. This indicates that GQRE's price experiences larger fluctuations and is considered to be riskier than RLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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