ICF vs. NETL
ICF (iShares Cohen & Steers REIT ETF) and NETL (NETLease Corporate Real Estate ETF) are both REIT funds - ICF tracks the Cohen & Steers Realty Majors Index while NETL tracks the Fundamental Income Net Lease Real Estate Index. Both are passively managed. Over the past 5 years, ICF returned 2.64%/yr vs 1.35%/yr for NETL. Their correlation of 0.84 means they have usually moved in the same direction. ICF charges 0.34%/yr vs 0.60%/yr for NETL.
Performance
ICF vs. NETL - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ICF having a 16.55% return and NETL slightly lower at 16.10%.
ICF
- 1D
- -0.16%
- 1M
- 1.43%
- 6M
- 12.80%
- YTD
- 16.55%
- 1Y
- 16.46%
- 3Y*
- 10.97%
- 5Y*
- 2.64%
- 10Y*
- 5.21%
- ALL TIME*
- 8.83%
NETL
- 1D
- -0.59%
- 1M
- -0.49%
- 6M
- 7.99%
- YTD
- 16.10%
- 1Y
- 16.24%
- 3Y*
- 9.02%
- 5Y*
- 1.35%
- 10Y*
- —
- ALL TIME*
- 5.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.80M | $10.18M | $9.97M | |
| $239.98K | $232.59K | $306.50K |
ICF vs. NETL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ICF iShares Cohen & Steers REIT ETF | 16.55% | 1.85% | 5.30% | 10.36% | -26.12% | 44.17% | -5.43% | 7.95% |
NETL NETLease Corporate Real Estate ETF | 16.10% | 6.05% | -1.08% | 2.69% | -16.16% | 27.36% | -0.73% | 12.04% |
Correlation
The correlation between ICF and NETL is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.84 |
The correlation between ICF and NETL has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
ICF vs. NETL — Risk / Return Rank
ICF
NETL
ICF vs. NETL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Cohen & Steers REIT ETF (ICF) and NETLease Corporate Real Estate ETF (NETL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICF | NETL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.78 | +0.24 |
| Martin ratioReturn relative to average drawdown | 6.52 | 5.67 | +0.85 |
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Drawdowns
ICF vs. NETL - Drawdown Comparison
The maximum ICF drawdown since its inception was -76.74%, which is greater than NETL's maximum drawdown of -51.48%. Use the drawdown chart below to compare losses from any high point for ICF and NETL.
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Drawdown Indicators
| ICF | NETL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -51.48% | -25.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -9.16% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -17.25% | -17.43% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -34.74% | -30.74% | -4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | — | — |
Current DrawdownCurrent decline from peak | -2.10% | -4.80% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -14.09% | -11.41% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.87% | -0.33% |
Volatility
ICF vs. NETL - Volatility Comparison
The current volatility for iShares Cohen & Steers REIT ETF (ICF) is 4.08%, while NETLease Corporate Real Estate ETF (NETL) has a volatility of 5.17%. This indicates that ICF experiences smaller price fluctuations and is considered to be less risky than NETL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICF | NETL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 5.17% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 11.24% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 14.21% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 18.01% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.64% | 25.76% | -5.12% |
ICF vs. NETL - Expense Ratio Comparison
ICF has a 0.34% expense ratio, which is lower than NETL's 0.60% expense ratio.
Dividends
ICF vs. NETL - Dividend Comparison
ICF's dividend yield for the trailing twelve months is around 2.41%, less than NETL's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICF iShares Cohen & Steers REIT ETF | 2.41% | 2.88% | 2.66% | 2.76% | 2.64% | 1.82% | 2.38% | 2.55% | 3.20% | 3.10% | 4.21% | 3.30% |
NETL NETLease Corporate Real Estate ETF | 4.67% | 5.12% | 5.08% | 4.57% | 4.47% | 4.03% | 3.98% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICF and NETL have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NETL has higher volatility (5.17%) compared to ICF (4.08%). In terms of maximum drawdown, ICF dropped -76.74% vs NETL's -51.48%.
On 5-year performance, ICF leads with 2.64% vs 1.35% for NETL. On fees, ICF is cheaper at 0.34% per year. On volatility, ICF has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ICF has performed better with a 2.64% return vs 1.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICF is cheaper with a 0.34% expense ratio, compared with 0.60% for NETL.
NETL has the higher dividend yield at 4.67%, compared with 2.41% for ICF.
ICF tracks Cohen & Steers Realty Majors Index, while NETL tracks Fundamental Income Net Lease Real Estate Index. They also come from different issuers: iShares and Exchange Traded Concepts. Their fees differ too: 0.34% for ICF and 0.60% for NETL.
ICF currently has the higher Sharpe Ratio (1.18 vs 1.15), 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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