SPRE vs. GQRE
Compare and contrast key facts about SP Funds S&P Global REIT Sharia ETF (SPRE) and FlexShares Global Quality Real Estate Index Fund (GQRE).
SPRE and GQRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPRE is a passively managed fund by Toroso Investments that tracks the performance of the S&P Global All Equity REIT Shariah Capped Index. It was launched on Dec 30, 2020. 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 SPRE 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: SPRE or GQRE.
Key characteristics
| SPRE | GQRE | |
|---|---|---|
| YTD Return | 6.61% | 9.66% |
| 1Y Return | 27.18% | 26.87% |
| 3Y Return (Ann) | -2.87% | -2.92% |
| Sharpe Ratio | 1.55 | 1.73 |
| Sortino Ratio | 2.30 | 2.57 |
| Omega Ratio | 1.28 | 1.31 |
| Calmar Ratio | 0.74 | 0.83 |
| Martin Ratio | 6.60 | 9.07 |
| Ulcer Index | 3.95% | 2.86% |
| Daily Std Dev | 16.79% | 14.99% |
| Max Drawdown | -38.34% | -41.87% |
| Current Drawdown | -17.76% | -12.84% |
Correlation
The correlation between SPRE and GQRE is 0.90, 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
SPRE vs. GQRE - Performance Comparison
In the year-to-date period, SPRE achieves a 6.61% return, which is significantly lower than GQRE's 9.66% 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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SPRE vs. GQRE - Expense Ratio Comparison
SPRE has a 0.69% expense ratio, which is higher than GQRE's 0.45% expense ratio.
Risk-Adjusted Performance
SPRE vs. GQRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) 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
SPRE vs. GQRE - Dividend Comparison
SPRE's dividend yield for the trailing twelve months is around 4.03%, more than GQRE's 2.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPRE SP Funds S&P Global REIT Sharia ETF | 4.03% | 4.16% | 4.17% | 2.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
SPRE vs. GQRE - Drawdown Comparison
The maximum SPRE drawdown since its inception was -38.34%, smaller than the maximum GQRE drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for SPRE and GQRE. For additional features, visit the drawdowns tool.
Volatility
SPRE vs. GQRE - Volatility Comparison
SP Funds S&P Global REIT Sharia ETF (SPRE) has a higher volatility of 4.90% compared to FlexShares Global Quality Real Estate Index Fund (GQRE) at 4.20%. This indicates that SPRE's price experiences larger fluctuations and is considered to be riskier than GQRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.