IFGL vs. IDEV
IFGL (iShares International Developed Real Estate ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both exchange-traded funds - IFGL is a REIT fund tracking the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. Both are passively managed. Over the past 5 years, IFGL returned -2.62%/yr vs 9.19%/yr for IDEV. A 0.75 correlation means they provide meaningful diversification when combined. IFGL charges 0.48%/yr vs 0.05%/yr for IDEV.
Performance
IFGL vs. IDEV - Performance Comparison
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Returns By Period
In the year-to-date period, IFGL achieves a -2.59% return, which is significantly lower than IDEV's 10.38% return.
IFGL
- 1D
- -0.38%
- 1M
- -2.35%
- YTD
- -2.59%
- 6M
- -1.51%
- 1Y
- 3.31%
- 3Y*
- 8.32%
- 5Y*
- -2.62%
- 10Y*
- 1.88%
IDEV
- 1D
- 0.15%
- 1M
- 1.58%
- YTD
- 10.38%
- 6M
- 10.58%
- 1Y
- 26.25%
- 3Y*
- 18.20%
- 5Y*
- 9.19%
- 10Y*
- —
IFGL vs. IDEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFGL iShares International Developed Real Estate ETF | -2.59% | 24.31% | -7.25% | 5.40% | -24.21% | 8.29% | -7.62% | 20.65% | -6.39% | 14.43% |
IDEV iShares Core MSCI International Developed Markets ETF | 10.38% | 32.56% | 4.54% | 17.36% | -14.99% | 13.00% | 8.32% | 23.12% | -14.10% | 17.43% |
Correlation
The correlation between IFGL and IDEV is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2017 | 0.75 |
The correlation between IFGL and IDEV has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
IFGL vs. IDEV — Risk / Return Rank
IFGL
IDEV
IFGL vs. IDEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Real Estate ETF (IFGL) and iShares Core MSCI International Developed Markets ETF (IDEV). 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.
| IFGL | IDEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.32 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 2.35 | -2.12 |
| Martin ratioReturn relative to average drawdown | 0.63 | 9.21 | -8.58 |
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Drawdowns
IFGL vs. IDEV - Drawdown Comparison
The maximum IFGL drawdown since its inception was -68.93%, which is greater than IDEV's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for IFGL and IDEV.
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Drawdown Indicators
| IFGL | IDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.93% | -34.77% | -34.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.38% | -11.20% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -13.41% | -5.36% |
Max Drawdown (5Y)Largest decline over 5 years | -38.00% | -29.15% | -8.85% |
Max Drawdown (10Y)Largest decline over 10 years | -40.38% | — | — |
Current DrawdownCurrent decline from peak | -15.30% | -0.13% | -15.17% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -6.53% | -10.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 2.86% | +2.41% |
Volatility
IFGL vs. IDEV - Volatility Comparison
The current volatility for iShares International Developed Real Estate ETF (IFGL) is 4.17%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 4.70%. This indicates that IFGL experiences smaller price fluctuations and is considered to be less risky than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFGL | IDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 4.70% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 12.69% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 14.97% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 16.33% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 17.28% | -0.70% |
IFGL vs. IDEV - Expense Ratio Comparison
IFGL has a 0.48% expense ratio, which is higher than IDEV's 0.05% expense ratio.
Dividends
IFGL vs. IDEV - Dividend Comparison
IFGL's dividend yield for the trailing twelve months is around 4.22%, more than IDEV's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDEV iShares Core MSCI International Developed Markets ETF | 3.20% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% | 0.00% | 0.00% |
IFGL iShares International Developed Real Estate ETF | 4.22% | 3.71% | 4.83% | 1.82% | 2.79% | 3.25% | 2.17% | 7.60% | 4.10% | 4.90% | 7.68% | 3.70% |
Frequently Asked Questions
IFGL and IDEV 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.
IDEV has higher volatility (4.70%) compared to IFGL (4.17%). In terms of maximum drawdown, IFGL dropped -68.93% vs IDEV's -34.77%.
On 5-year performance, IDEV leads with 9.19% vs -2.62% for IFGL. On fees, IDEV is cheaper at 0.05% per year. On volatility, IFGL has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IDEV has performed better with a 9.19% return vs -2.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDEV is cheaper with a 0.05% expense ratio, compared with 0.48% for IFGL.
IFGL has the higher dividend yield at 4.22%, compared with 3.20% for IDEV.
IFGL is categorized as REIT, while IDEV is Foreign Large Cap Equities. IFGL tracks FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, while IDEV tracks MSCI World ex USA Investable Market Index. Their fees differ too: 0.48% for IFGL and 0.05% for IDEV.
IDEV currently has the higher Sharpe Ratio (1.76 vs 0.24), 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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