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ICF vs. AVRE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ICF vs. AVRE

Last updated Jun 4, 2026

ICF (iShares Cohen & Steers REIT ETF) and AVRE (Avantis Real Estate ETF) are both REIT funds. ICF is passively managed, while AVRE is actively managed. Over the past 3 years, ICF returned 10.12%/yr vs 8.26%/yr for AVRE. With a 0.96 correlation, they move nearly in lockstep. ICF charges 0.34%/yr vs 0.17%/yr for AVRE.

Performance

ICF vs. AVRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Cohen & Steers REIT ETF (ICF) and Avantis Real Estate ETF (AVRE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ICF achieves a 12.19% return, which is significantly higher than AVRE's 7.23% return.

ICF

1D
0.17%
1M
-0.92%
YTD
12.19%
6M
11.56%
1Y
11.29%
3Y*
10.12%
5Y*
3.01%
10Y*
5.54%

AVRE

1D
-0.30%
1M
-1.25%
YTD
7.23%
6M
6.93%
1Y
9.59%
3Y*
8.26%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ICF vs. AVRE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ICF
iShares Cohen & Steers REIT ETF		12.19%1.85%5.30%10.36%-26.12%17.22%
AVRE
Avantis Real Estate ETF		7.23%8.34%0.54%9.10%-23.70%13.16%

Correlation

The correlation between ICF and AVRE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.95

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2021

0.96

The correlation between ICF and AVRE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

ICF vs. AVRE - Sectors Allocation Comparison

Sectors
ICF
AVRE

Real Estate

100.0%
99.3%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

0.1%

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

0.1%

Real Estate

ICF
100.0%
AVRE
99.3%

Basic Materials

ICF

-

AVRE

-

Communication Services

ICF

-

AVRE

-

Consumer Cyclical

ICF

-

AVRE

-

Consumer Defensive

ICF

-

AVRE

-

Energy

ICF

-

AVRE

-

Financial Services

ICF

-

AVRE
0.1%

Healthcare

ICF

-

AVRE

-

Industrials

ICF

-

AVRE

-

Technology

ICF

-

AVRE

-

Utilities

ICF

-

AVRE
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Cohen & Steers REIT ETF

Avantis Real Estate ETF

Often compared with ICF:
ICF vs. VNQICF vs. USRTICF vs. IYRICF vs. FRELICF vs. ICFIICF vs. SDIVICF vs. XLRE
Often compared with AVRE:
AVRE vs. VNQAVRE vs. DFGRAVRE vs. BEMBAVRE vs. BLDGAVRE vs. XLREAVRE vs. SPYAVRE vs. USRT

Return for Risk

ICF vs. AVRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ICF
ICF Risk / Return Rank: 2525
Overall Rank
ICF Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
ICF Sortino Ratio Rank: 2222
Sortino Ratio Rank
ICF Omega Ratio Rank: 2222
Omega Ratio Rank
ICF Calmar Ratio Rank: 2828
Calmar Ratio Rank
ICF Martin Ratio Rank: 2828
Martin Ratio Rank
AVRE
AVRE Risk / Return Rank: 2323
Overall Rank
AVRE Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
AVRE Sortino Ratio Rank: 2222
Sortino Ratio Rank
AVRE Omega Ratio Rank: 2222
Omega Ratio Rank
AVRE Calmar Ratio Rank: 2222
Calmar Ratio Rank
AVRE Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ICF vs. AVRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Cohen & Steers REIT ETF (ICF) and Avantis Real Estate ETF (AVRE). 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.

ICFAVREDifference
Sharpe ratioReturn per unit of total volatility
0.84
0.81

+0.03

Sortino ratioReturn per unit of downside risk
1.20
1.18

+0.02

Omega ratioGain probability vs. loss probability

1.15

1.15

0.00

Calmar ratioReturn relative to maximum drawdown

1.38

1.03

+0.36

Martin ratioReturn relative to average drawdown

3.92

3.74

+0.19

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICF vs. AVRE - Sharpe Ratio Comparison

The current ICF Sharpe Ratio is 0.84, which is comparable to the AVRE Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of ICF and AVRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ICFAVREDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

0.81

+0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.16

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.13

+0.19

Drawdowns

ICF vs. AVRE - Drawdown Comparison

The maximum ICF drawdown since its inception was -76.74%, which is greater than AVRE's maximum drawdown of -32.52%. Use the drawdown chart below to compare losses from any high point for ICF and AVRE.

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Drawdown Indicators

ICFAVREDifference

Max Drawdown

Largest peak-to-trough decline

-76.74%

-32.52%

-44.22%

Max Drawdown (1Y)

Largest decline over 1 year

-8.20%

-9.38%

+1.18%

Max Drawdown (3Y)

Largest decline over 3 years

-17.25%

-17.34%

+0.09%

Max Drawdown (5Y)

Largest decline over 5 years

-34.74%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-40.22%

—

—

Current Drawdown

Current decline from peak

-2.67%

-3.04%

+0.37%

Average Drawdown

Average peak-to-trough decline

-14.18%

-14.76%

+0.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

2.57%

+0.31%

Volatility

ICF vs. AVRE - Volatility Comparison

iShares Cohen & Steers REIT ETF (ICF) has a higher volatility of 3.71% compared to Avantis Real Estate ETF (AVRE) at 3.45%. This indicates that ICF's price experiences larger fluctuations and is considered to be riskier than AVRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ICFAVREDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.71%

3.45%

+0.26%

Volatility (6M)

Calculated over the trailing 6-month period

9.85%

8.96%

+0.89%

Volatility (1Y)

Calculated over the trailing 1-year period

13.57%

11.90%

+1.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.91%

16.60%

+2.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.58%

16.60%

+3.98%

ICF vs. AVRE - Expense Ratio Comparison

ICF has a 0.34% expense ratio, which is higher than AVRE's 0.17% expense ratio.

Dividends

ICF vs. AVRE - Dividend Comparison

ICF's dividend yield for the trailing twelve months is around 2.48%, less than AVRE's 3.51% yield.

PositionTTM20252024202320222021202020192018201720162015
AVRE
Avantis Real Estate ETF		3.51%4.30%3.99%3.33%3.78%0.61%0.00%0.00%0.00%0.00%0.00%0.00%
ICF
iShares Cohen & Steers REIT ETF		2.48%2.88%2.66%2.76%2.64%1.82%2.38%2.55%3.20%3.10%4.21%3.30%

Frequently Asked Questions

With a correlation of 0.95, ICF and AVRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

ICF has higher volatility (3.71%) compared to AVRE (3.45%). In terms of maximum drawdown, ICF dropped -76.74% vs AVRE's -32.52%.

On 3-year performance, ICF leads with 10.12% vs 8.26% for AVRE. On fees, AVRE is cheaper at 0.17% per year. On volatility, AVRE has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, ICF has performed better with a 10.12% return vs 8.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVRE is cheaper with a 0.17% expense ratio, compared with 0.34% for ICF.

AVRE has the higher dividend yield at 3.51%, compared with 2.48% for ICF.

They also come from different issuers: iShares and Avantis. Their fees differ too: 0.34% for ICF and 0.17% for AVRE.

ICF currently has the higher Sharpe Ratio (0.84 vs 0.81), 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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