ICF vs. IQRA

Last updated Jun 4, 2026

ICF (iShares Cohen & Steers REIT ETF) and IQRA (IQ CBRE Real Assets ETF) are both REIT funds. ICF is passively managed, while IQRA is actively managed. Over the past 3 years, ICF returned 10.12%/yr vs 9.89%/yr for IQRA. Their correlation of 0.87 suggests significant overlap in exposure. ICF charges 0.34%/yr vs 0.65%/yr for IQRA.

Performance

ICF vs. IQRA - Performance Comparison

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

Returns By Period

In the year-to-date period, ICF achieves a 12.19% return, which is significantly higher than IQRA's 5.98% 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%

IQRA

• 1D: -0.25%
• 1M: -2.66%
• YTD: 5.98%
• 6M: 5.90%
• 1Y: 11.28%
• 3Y*: 9.89%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ICF vs. IQRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ICF iShares Cohen & Steers REIT ETF	12.19%	1.85%	5.30%	9.06%
IQRA IQ CBRE Real Assets ETF	5.98%	12.42%	5.58%	2.36%

Correlation

The correlation between ICF and IQRA is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 11, 2023	0.87

The correlation between ICF and IQRA has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

ICF vs. IQRA - Sectors Allocation Comparison

Sectors	ICF	IQRA
Real Estate	100.0%	51.8%
Basic Materials	-	-
Communication Services	-	0.5%
Consumer Cyclical	-	1.4%
Consumer Defensive	-	1.5%
Energy	-	6.5%
Financial Services	-	2.2%
Healthcare	-	-
Industrials	-	12.6%
Technology	-	-
Utilities	-	28.7%

Return for Risk

ICF vs. IQRA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ICF

ICF Risk / Return Rank: 25
ICF Sharpe Ratio Rank: 23
ICF Sortino Ratio Rank: 22
ICF Omega Ratio Rank: 22
ICF Calmar Ratio Rank: 28
ICF Martin Ratio Rank: 28

IQRA

IQRA Risk / Return Rank: 29
IQRA Sharpe Ratio Rank: 30
IQRA Sortino Ratio Rank: 27
IQRA Omega Ratio Rank: 28
IQRA Calmar Ratio Rank: 29
IQRA Martin Ratio Rank: 33

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. IQRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Cohen & Steers REIT ETF (ICF) and IQ CBRE Real Assets ETF (IQRA). 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.

	ICF	IQRA	Difference
Sharpe ratio: Return per unit of total volatility	0.84	1.08	-0.24
Sortino ratio: Return per unit of downside risk	1.20	1.51	-0.31
Omega ratio: Gain probability vs. loss probability	1.15	1.19	-0.04
Calmar ratio: Return relative to maximum drawdown	1.38	1.42	-0.03
Martin ratio: Return relative to average drawdown	3.92	4.92	-1.00
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. IQRA - Sharpe Ratio Comparison

The current ICF Sharpe Ratio is 0.84, which is comparable to the IQRA Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of ICF and IQRA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ICF	IQRA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	1.08	-0.24
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	0.67	-0.36

Drawdowns

ICF vs. IQRA - Drawdown Comparison

The maximum ICF drawdown since its inception was -76.74%, which is greater than IQRA's maximum drawdown of -15.70%. Use the drawdown chart below to compare losses from any high point for ICF and IQRA.

Drawdown Indicators

	ICF	IQRA	Difference
Max Drawdown Largest peak-to-trough decline	-76.74%	-15.70%	-61.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.20%	-8.01%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-17.25%	-15.70%	-1.55%
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%	-5.02%	+2.35%
Average Drawdown Average peak-to-trough decline	-14.18%	-3.15%	-11.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.30%	+0.58%

Volatility

ICF vs. IQRA - Volatility Comparison

iShares Cohen & Steers REIT ETF (ICF) has a higher volatility of 3.71% compared to IQ CBRE Real Assets ETF (IQRA) at 3.42%. This indicates that ICF's price experiences larger fluctuations and is considered to be riskier than IQRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICF	IQRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	3.42%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	8.22%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	10.53%	+3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.91%	12.86%	+6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.58%	12.86%	+7.72%

ICF vs. IQRA - Expense Ratio Comparison

ICF has a 0.34% expense ratio, which is lower than IQRA's 0.65% expense ratio.

Dividends

ICF vs. IQRA - Dividend Comparison

ICF's dividend yield for the trailing twelve months is around 2.48%, less than IQRA's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IQRA IQ CBRE Real Assets ETF	2.81%	2.83%	3.53%	2.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ICF and IQRA in my portfolio?

ICF and IQRA have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ICF or IQRA?

ICF has higher volatility (3.71%) compared to IQRA (3.42%). In terms of maximum drawdown, ICF dropped -76.74% vs IQRA's -15.70%.

Which ETF is better, ICF or IQRA?

On 3-year performance, ICF leads with 10.12% vs 9.89% for IQRA. On fees, ICF is cheaper at 0.34% per year. On volatility, IQRA has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ICF or IQRA?

Over the 3-year period, ICF has performed better with a 10.12% return vs 9.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ICF or IQRA?

ICF is cheaper with a 0.34% expense ratio, compared with 0.65% for IQRA.

Which ETF pays a higher dividend yield, ICF or IQRA?

IQRA has the higher dividend yield at 2.81%, compared with 2.48% for ICF.

What is the main difference between ICF and IQRA?

They also come from different issuers: iShares and IndexIQ. Their fees differ too: 0.34% for ICF and 0.65% for IQRA.

Which has better risk-adjusted returns?

IQRA currently has the higher Sharpe Ratio (1.08 vs 0.84), 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.