GQRE vs. RWO
Compare and contrast key facts about FlexShares Global Quality Real Estate Index Fund (GQRE) and SPDR Dow Jones Global Real Estate ETF (RWO).
GQRE and RWO 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. RWO is a passively managed fund by State Street that tracks the performance of the Dow Jones Global Select Real Estate Securities Index. It was launched on May 13, 2008. Both GQRE and RWO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GQRE or RWO.
Key characteristics
| GQRE | RWO | |
|---|---|---|
| YTD Return | 9.66% | 6.01% |
| 1Y Return | 26.87% | 24.77% |
| 3Y Return (Ann) | -2.92% | -2.97% |
| 5Y Return (Ann) | 1.27% | 0.93% |
| 10Y Return (Ann) | 3.71% | 3.10% |
| Sharpe Ratio | 1.73 | 1.53 |
| Sortino Ratio | 2.57 | 2.27 |
| Omega Ratio | 1.31 | 1.28 |
| Calmar Ratio | 0.83 | 0.81 |
| Martin Ratio | 9.07 | 5.78 |
| Ulcer Index | 2.86% | 4.11% |
| Daily Std Dev | 14.99% | 15.53% |
| Max Drawdown | -41.87% | -68.60% |
| Current Drawdown | -12.84% | -11.95% |
Correlation
The correlation between GQRE and RWO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GQRE vs. RWO - Performance Comparison
In the year-to-date period, GQRE achieves a 9.66% return, which is significantly higher than RWO's 6.01% return. Over the past 10 years, GQRE has outperformed RWO with an annualized return of 3.71%, while RWO has yielded a comparatively lower 3.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GQRE vs. RWO - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is lower than RWO's 0.50% expense ratio.
Risk-Adjusted Performance
GQRE vs. RWO - 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 Dow Jones Global Real Estate ETF (RWO). 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.
Dividends
GQRE vs. RWO - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 2.34%, less than RWO's 3.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 2.34% | 2.90% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% | 2.57% | 0.39% |
RWO SPDR Dow Jones Global Real Estate ETF | 3.42% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% | 3.08% | 3.77% |
Drawdowns
GQRE vs. RWO - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, smaller than the maximum RWO drawdown of -68.60%. Use the drawdown chart below to compare losses from any high point for GQRE and RWO. For additional features, visit the drawdowns tool.
Volatility
GQRE vs. RWO - Volatility Comparison
The current volatility for FlexShares Global Quality Real Estate Index Fund (GQRE) is 4.20%, while SPDR Dow Jones Global Real Estate ETF (RWO) has a volatility of 4.51%. This indicates that GQRE experiences smaller price fluctuations and is considered to be less risky than RWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.