HOG vs. REZ
HOG (Harley-Davidson, Inc.) is a stock, while REZ (iShares Residential Real Estate ETF) is REIT fund tracking the FTSE NAREIT All Residential Capped Index. Over the past 10 years, HOG returned -3.87%/yr vs 6.37%/yr for REZ. At a 0.39 correlation, their price movements are largely independent.
Performance
HOG vs. REZ - Performance Comparison
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Returns By Period
In the year-to-date period, HOG achieves a 19.60% return, which is significantly higher than REZ's 6.86% return. Over the past 10 years, HOG has underperformed REZ with an annualized return of -3.87%, while REZ has yielded a comparatively higher 6.37% annualized return.
HOG
- 1D
- -1.54%
- 1M
- 4.48%
- YTD
- 19.60%
- 6M
- 1.12%
- 1Y
- 1.54%
- 3Y*
- -7.57%
- 5Y*
- -10.95%
- 10Y*
- -3.87%
REZ
- 1D
- 0.48%
- 1M
- -1.45%
- YTD
- 6.86%
- 6M
- 3.65%
- 1Y
- 9.32%
- 3Y*
- 9.90%
- 5Y*
- 3.98%
- 10Y*
- 6.37%
HOG vs. REZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HOG Harley-Davidson, Inc. | 19.60% | -30.05% | -16.61% | -9.76% | 12.13% | 4.29% | 0.19% | 13.62% | -30.54% | -10.29% |
REZ iShares Residential Real Estate ETF | 6.86% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
Correlation
The correlation between HOG and REZ is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 7, 2007 | 0.39 |
The correlation between HOG and REZ shifts across timeframes, from 0.26 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HOG vs. REZ — Risk / Return Rank
HOG
REZ
HOG vs. REZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harley-Davidson, Inc. (HOG) and iShares Residential Real Estate ETF (REZ). 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.
| HOG | REZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 1.07 | -1.03 |
| Martin ratioReturn relative to average drawdown | 0.07 | 3.27 | -3.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HOG | REZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 0.66 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.21 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.30 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.24 | +0.07 |
Drawdowns
HOG vs. REZ - Drawdown Comparison
The maximum HOG drawdown since its inception was -88.26%, which is greater than REZ's maximum drawdown of -66.87%. Use the drawdown chart below to compare losses from any high point for HOG and REZ.
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Drawdown Indicators
| HOG | REZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.26% | -66.87% | -21.39% |
Max Drawdown (1Y)Largest decline over 1 year | -43.24% | -8.76% | -34.48% |
Max Drawdown (3Y)Largest decline over 3 years | -58.74% | -18.39% | -40.35% |
Max Drawdown (5Y)Largest decline over 5 years | -64.11% | -35.05% | -29.06% |
Max Drawdown (10Y)Largest decline over 10 years | -73.28% | -44.15% | -29.13% |
Current DrawdownCurrent decline from peak | -56.06% | -4.21% | -51.85% |
Average DrawdownAverage peak-to-trough decline | -24.41% | -12.69% | -11.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.95% | 2.86% | +20.09% |
Volatility
HOG vs. REZ - Volatility Comparison
Harley-Davidson, Inc. (HOG) has a higher volatility of 15.11% compared to iShares Residential Real Estate ETF (REZ) at 4.39%. This indicates that HOG's price experiences larger fluctuations and is considered to be riskier than REZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOG | REZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.11% | 4.39% | +10.72% |
Volatility (6M)Calculated over the trailing 6-month period | 27.68% | 10.66% | +17.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.70% | 14.32% | +26.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.39% | 18.91% | +21.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.02% | 21.52% | +21.50% |
Dividends
HOG vs. REZ - Dividend Comparison
HOG's dividend yield for the trailing twelve months is around 2.26%, more than REZ's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOG Harley-Davidson, Inc. | 2.26% | 3.51% | 2.29% | 1.79% | 1.51% | 1.59% | 1.20% | 4.03% | 4.34% | 2.87% | 2.40% | 2.73% |
REZ iShares Residential Real Estate ETF | 2.15% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Frequently Asked Questions
HOG and REZ have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOG has higher volatility (15.11%) compared to REZ (4.39%). In terms of maximum drawdown, HOG dropped -88.26% vs REZ's -66.87%.
REZ currently has the higher Sharpe Ratio (0.66 vs 0.04), 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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