RWX vs. GQRE
Compare and contrast key facts about SPDR DJ Wilshire International Real Estate ETF (RWX) and FlexShares Global Quality Real Estate Index Fund (GQRE).
RWX and GQRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RWX is a passively managed fund by State Street that tracks the performance of the Dow Jones Global ex-U.S. Real Estate Securities Index. It was launched on Dec 15, 2006. 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. Both RWX and GQRE 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: RWX or GQRE.
Key characteristics
| RWX | GQRE | |
|---|---|---|
| YTD Return | -7.90% | 9.66% |
| 1Y Return | 6.02% | 26.87% |
| 3Y Return (Ann) | -8.69% | -2.92% |
| 5Y Return (Ann) | -4.65% | 1.27% |
| 10Y Return (Ann) | -0.84% | 3.71% |
| Sharpe Ratio | 0.40 | 1.73 |
| Sortino Ratio | 0.68 | 2.57 |
| Omega Ratio | 1.08 | 1.31 |
| Calmar Ratio | 0.19 | 0.83 |
| Martin Ratio | 1.00 | 9.07 |
| Ulcer Index | 5.98% | 2.86% |
| Daily Std Dev | 15.03% | 14.99% |
| Max Drawdown | -73.57% | -41.87% |
| Current Drawdown | -26.72% | -12.84% |
Correlation
The correlation between RWX and GQRE is 0.77, 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
RWX vs. GQRE - Performance Comparison
In the year-to-date period, RWX achieves a -7.90% return, which is significantly lower than GQRE's 9.66% return. Over the past 10 years, RWX has underperformed GQRE with an annualized return of -0.84%, while GQRE has yielded a comparatively higher 3.71% 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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RWX vs. GQRE - Expense Ratio Comparison
RWX has a 0.59% expense ratio, which is higher than GQRE's 0.45% expense ratio.
Risk-Adjusted Performance
RWX vs. GQRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DJ Wilshire International Real Estate ETF (RWX) and FlexShares Global Quality Real Estate Index Fund (GQRE). 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
RWX vs. GQRE - Dividend Comparison
RWX's dividend yield for the trailing twelve months is around 3.72%, more than GQRE's 2.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWX SPDR DJ Wilshire International Real Estate ETF | 3.72% | 3.90% | 4.05% | 4.62% | 2.92% | 8.94% | 5.28% | 2.77% | 8.74% | 2.94% | 3.43% | 4.54% |
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% |
Drawdowns
RWX vs. GQRE - Drawdown Comparison
The maximum RWX drawdown since its inception was -73.57%, which is greater than GQRE's maximum drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for RWX and GQRE. For additional features, visit the drawdowns tool.
Volatility
RWX vs. GQRE - Volatility Comparison
SPDR DJ Wilshire International Real Estate ETF (RWX) and FlexShares Global Quality Real Estate Index Fund (GQRE) have volatilities of 4.13% and 4.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.