GQRE vs. WTRE
GQRE (FlexShares Global Quality Real Estate Index Fund) and WTRE (WisdomTree New Economy Real Estate ETF) are both REIT funds - GQRE tracks the Northern Trust Global Quality Real Estate (NR) while WTRE tracks the CenterSquare New Economy Real Estate Index. Both are passively managed. Over the past 10 years, GQRE returned 4.10%/yr vs 3.95%/yr for WTRE. A 0.75 correlation means they provide meaningful diversification when combined. GQRE charges 0.45%/yr vs 0.58%/yr for WTRE.
Performance
GQRE vs. WTRE - Performance Comparison
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Returns By Period
In the year-to-date period, GQRE achieves a 9.32% return, which is significantly lower than WTRE's 20.00% return. Both investments have delivered pretty close results over the past 10 years, with GQRE having a 4.10% annualized return and WTRE not far behind at 3.95%.
GQRE
- 1D
- 0.69%
- 1M
- -0.17%
- YTD
- 9.32%
- 6M
- 9.88%
- 1Y
- 11.39%
- 3Y*
- 11.94%
- 5Y*
- 2.35%
- 10Y*
- 4.10%
WTRE
- 1D
- -0.18%
- 1M
- -1.96%
- YTD
- 20.00%
- 6M
- 19.09%
- 1Y
- 37.40%
- 3Y*
- 19.04%
- 5Y*
- 1.35%
- 10Y*
- 3.95%
GQRE vs. WTRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 9.32% | 8.27% | 6.09% | 9.21% | -27.22% | 32.01% | -9.17% | 21.84% | -8.88% | 13.60% |
WTRE WisdomTree New Economy Real Estate ETF | 20.00% | 26.36% | -3.27% | 14.07% | -31.68% | 1.00% | -15.74% | 22.28% | -11.21% | 37.80% |
Correlation
The correlation between GQRE and WTRE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2013 | 0.75 |
Over the past year, the correlation between GQRE and WTRE has dropped to 0.53 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
GQRE vs. WTRE — Risk / Return Rank
GQRE
WTRE
GQRE vs. WTRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) and WisdomTree New Economy Real Estate ETF (WTRE). 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 | WTRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.64 | -1.52 |
| Martin ratioReturn relative to average drawdown | 4.24 | 7.19 | -2.95 |
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Drawdowns
GQRE vs. WTRE - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, smaller than the maximum WTRE drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for GQRE and WTRE.
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Drawdown Indicators
| GQRE | WTRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -74.18% | +32.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -14.22% | +4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -22.14% | +5.97% |
Max Drawdown (5Y)Largest decline over 5 years | -35.08% | -42.54% | +7.46% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | -48.47% | +6.60% |
Current DrawdownCurrent decline from peak | -1.64% | -5.32% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -24.92% | +15.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 5.22% | -2.52% |
Volatility
GQRE vs. WTRE - Volatility Comparison
The current volatility for FlexShares Global Quality Real Estate Index Fund (GQRE) is 3.69%, while WisdomTree New Economy Real Estate ETF (WTRE) has a volatility of 5.74%. This indicates that GQRE experiences smaller price fluctuations and is considered to be less risky than WTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GQRE | WTRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 5.74% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 16.11% | -6.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 20.70% | -8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 19.40% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 18.43% | -0.78% |
GQRE vs. WTRE - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is lower than WTRE's 0.58% expense ratio.
Dividends
GQRE vs. WTRE - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 4.29%, more than WTRE's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 4.29% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
WTRE WisdomTree New Economy Real Estate ETF | 2.03% | 2.33% | 2.69% | 2.05% | 1.68% | 6.47% | 2.96% | 7.88% | 4.49% | 6.34% | 5.96% | 4.58% |
Frequently Asked Questions
GQRE and WTRE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTRE has higher volatility (5.74%) compared to GQRE (3.69%). In terms of maximum drawdown, GQRE dropped -41.87% vs WTRE's -74.18%.
On 10-year performance, GQRE leads with 4.10% vs 3.95% for WTRE. On fees, GQRE is cheaper at 0.45% per year. On volatility, GQRE has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GQRE has performed better with a 4.10% return vs 3.95%. 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 0.58% for WTRE.
GQRE has the higher dividend yield at 4.29%, compared with 2.03% for WTRE.
GQRE tracks Northern Trust Global Quality Real Estate (NR), while WTRE tracks CenterSquare New Economy Real Estate Index. They also come from different issuers: Northern Trust and WisdomTree. Their fees differ too: 0.45% for GQRE and 0.58% for WTRE.
WTRE currently has the higher Sharpe Ratio (1.82 vs 0.97), 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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