Correlation
The correlation between GQRE and UCON is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
GQRE vs. UCON
Compare and contrast key facts about FlexShares Global Quality Real Estate Index Fund (GQRE) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
GQRE and UCON 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. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GQRE or UCON.
Performance
GQRE vs. UCON - Performance Comparison
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Key characteristics
GQRE:
0.88
UCON:
2.36
GQRE:
1.30
UCON:
3.47
GQRE:
1.17
UCON:
1.45
GQRE:
0.60
UCON:
3.93
GQRE:
3.12
UCON:
9.68
GQRE:
4.58%
UCON:
0.68%
GQRE:
16.05%
UCON:
2.82%
GQRE:
-41.87%
UCON:
-15.31%
GQRE:
-12.05%
UCON:
0.00%
Returns By Period
In the year-to-date period, GQRE achieves a 4.31% return, which is significantly higher than UCON's 2.13% return.
GQRE
4.31%
0.87%
-2.19%
12.40%
1.33%
5.91%
3.29%
UCON
2.13%
0.45%
1.90%
6.33%
4.19%
3.29%
N/A
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GQRE vs. UCON - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is lower than UCON's 0.76% expense ratio.
Risk-Adjusted Performance
GQRE vs. UCON — Risk-Adjusted Performance Rank
GQRE
UCON
GQRE vs. UCON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) 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.
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Dividends
GQRE vs. UCON - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 3.75%, less than UCON's 4.73% 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% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% | 2.57% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.73% | 4.95% | 4.75% | 3.12% | 2.20% | 3.14% | 3.50% | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GQRE vs. UCON - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, which is greater than UCON's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for GQRE and UCON.
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Volatility
GQRE vs. UCON - Volatility Comparison
FlexShares Global Quality Real Estate Index Fund (GQRE) has a higher volatility of 4.04% compared to First Trust TCW Unconstrained Plus Bond ETF (UCON) at 0.86%. This indicates that GQRE'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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