GQRE vs. ROE
GQRE (FlexShares Global Quality Real Estate Index Fund) and ROE (Astoria US Equal Weight Quality Kings ETF) are both Quality Factor funds. GQRE is passively managed, while ROE is actively managed. Over the past 3 years, GQRE returned 11.26%/yr vs 22.09%/yr for ROE. Their 0.57 correlation means they have sometimes moved together and sometimes differently. GQRE charges 0.45%/yr vs 0.49%/yr for ROE.
Performance
GQRE vs. ROE - Performance Comparison
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Returns By Period
In the year-to-date period, GQRE achieves a 11.97% return, which is significantly lower than ROE's 24.11% return.
GQRE
- 1D
- -0.25%
- 1M
- 0.70%
- 6M
- 7.91%
- YTD
- 11.97%
- 1Y
- 15.04%
- 3Y*
- 11.26%
- 5Y*
- 2.21%
- 10Y*
- 3.74%
- ALL TIME*
- 5.21%
ROE
- 1D
- 2.13%
- 1M
- 3.78%
- 6M
- 18.74%
- YTD
- 24.11%
- 1Y
- 35.37%
- 3Y*
- 22.09%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.01M | $668.95K | $807.17K | |
| $1.06M | $1.17M | $943.18K |
GQRE vs. ROE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 11.97% | 8.27% | 6.09% | 4.04% |
ROE Astoria US Equal Weight Quality Kings ETF | 24.11% | 17.20% | 18.34% | 4.31% |
Correlation
The correlation between GQRE and ROE is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023 | 0.57 |
Over the past year, the correlation between GQRE and ROE has dropped to 0.32 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
GQRE vs. ROE — Risk / Return Rank
GQRE
ROE
GQRE vs. ROE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) and Astoria US Equal Weight Quality Kings ETF (ROE). 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.
| GQRE | ROE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 4.10 | -2.62 |
| Martin ratioReturn relative to average drawdown | 5.74 | 17.47 | -11.73 |
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Drawdowns
GQRE vs. ROE - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, which is greater than ROE's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for GQRE and ROE.
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Drawdown Indicators
| GQRE | ROE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -19.10% | -22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -8.66% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -19.10% | +3.92% |
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 | -2.18% | 0.00% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -9.13% | -2.53% | -6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.03% | +0.60% |
Volatility
GQRE vs. ROE - Volatility Comparison
The current volatility for FlexShares Global Quality Real Estate Index Fund (GQRE) is 3.25%, while Astoria US Equal Weight Quality Kings ETF (ROE) has a volatility of 4.06%. This indicates that GQRE experiences smaller price fluctuations and is considered to be less risky than ROE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GQRE | ROE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 4.06% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 11.86% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 15.15% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 15.91% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 15.91% | +1.73% |
GQRE vs. ROE - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is lower than ROE's 0.49% expense ratio.
Dividends
GQRE vs. ROE - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 4.19%, more than ROE's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 4.19% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
ROE Astoria US Equal Weight Quality Kings ETF | 0.98% | 0.97% | 1.18% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GQRE and ROE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROE has higher volatility (4.06%) compared to GQRE (3.25%). In terms of maximum drawdown, GQRE dropped -41.87% vs ROE's -19.10%.
On 3-year performance, ROE leads with 22.09% vs 11.26% for GQRE. On fees, GQRE is cheaper at 0.45% per year. On volatility, GQRE has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ROE has performed better with a 22.09% return vs 11.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GQRE is cheaper with a 0.45% expense ratio, compared with 0.49% for ROE.
GQRE has the higher dividend yield at 4.19%, compared with 0.98% for ROE.
They also come from different issuers: Northern Trust and Astoria. Their fees differ too: 0.45% for GQRE and 0.49% for ROE.
ROE currently has the higher Sharpe Ratio (2.36 vs 1.29), 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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