IFGL vs. INDS

Last updated Jun 4, 2026

IFGL (iShares International Developed Real Estate ETF) and INDS (Pacer Benchmark Industrial Real Estate SCTR ETF) are both REIT funds - IFGL tracks the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index while INDS tracks the Benchmark Industrial Real Estate SCTR Index. Both are passively managed. Over the past 5 years, IFGL returned -2.66%/yr vs 0.82%/yr for INDS. A 0.62 correlation means they provide meaningful diversification when combined. IFGL charges 0.48%/yr vs 0.60%/yr for INDS.

Performance

IFGL vs. INDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Developed Real Estate ETF (IFGL) and Pacer Benchmark Industrial Real Estate SCTR ETF (INDS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFGL achieves a -2.19% return, which is significantly lower than INDS's 6.59% return.

IFGL

• 1D: -1.17%
• 1M: -4.06%
• YTD: -2.19%
• 6M: -0.58%
• 1Y: 6.13%
• 3Y*: 6.59%
• 5Y*: -2.66%
• 10Y*: 1.41%

INDS

• 1D: -0.04%
• 1M: -0.04%
• YTD: 6.59%
• 6M: 5.24%
• 1Y: 9.81%
• 3Y*: 2.57%
• 5Y*: 0.82%
• 10Y*: —

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

IFGL vs. INDS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IFGL iShares International Developed Real Estate ETF	-2.19%	24.31%	-7.25%	5.40%	-24.21%	8.29%	-7.62%	20.65%	-7.48%
INDS Pacer Benchmark Industrial Real Estate SCTR ETF	6.59%	7.78%	-12.69%	17.72%	-32.68%	54.61%	12.62%	42.25%	-0.54%

Correlation

The correlation between IFGL and INDS is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since May 16, 2018	0.62

The correlation between IFGL and INDS has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.

IFGL vs. INDS - Sectors Allocation Comparison

Sectors	IFGL	INDS
Real Estate	98.9%	100.0%
Technology	1.1%	-
Consumer Cyclical	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Utilities	-	-

Return for Risk

IFGL vs. INDS — Risk / Return Rank

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

IFGL

IFGL Risk / Return Rank: 15
IFGL Sharpe Ratio Rank: 16
IFGL Sortino Ratio Rank: 15
IFGL Omega Ratio Rank: 15
IFGL Calmar Ratio Rank: 14
IFGL Martin Ratio Rank: 15

INDS

INDS Risk / Return Rank: 19
INDS Sharpe Ratio Rank: 18
INDS Sortino Ratio Rank: 18
INDS Omega Ratio Rank: 18
INDS Calmar Ratio Rank: 19
INDS Martin Ratio Rank: 20

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.

IFGL vs. INDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Real Estate ETF (IFGL) and Pacer Benchmark Industrial Real Estate SCTR ETF (INDS). 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.

	IFGL	INDS	Difference
Sharpe ratio: Return per unit of total volatility	0.45	0.61	-0.16
Sortino ratio: Return per unit of downside risk	0.74	0.97	-0.24
Omega ratio: Gain probability vs. loss probability	1.09	1.11	-0.03
Calmar ratio: Return relative to maximum drawdown	0.43	0.81	-0.38
Martin ratio: Return relative to average drawdown	1.32	2.44	-1.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFGL vs. INDS - Sharpe Ratio Comparison

The current IFGL Sharpe Ratio is 0.45, which is comparable to the INDS Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of IFGL and INDS, 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

	IFGL	INDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	0.61	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	0.04	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.38	-0.34

Drawdowns

IFGL vs. INDS - Drawdown Comparison

The maximum IFGL drawdown since its inception was -67.94%, which is greater than INDS's maximum drawdown of -40.17%. Use the drawdown chart below to compare losses from any high point for IFGL and INDS.

Drawdown Indicators

	IFGL	INDS	Difference
Max Drawdown Largest peak-to-trough decline	-67.94%	-40.17%	-27.77%
Max Drawdown (1Y) Largest decline over 1 year	-14.38%	-12.23%	-2.15%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	-26.96%	+8.19%
Max Drawdown (5Y) Largest decline over 5 years	-38.47%	-40.17%	+1.70%
Max Drawdown (10Y) Largest decline over 10 years	-40.38%	—	—
Current Drawdown Current decline from peak	-14.94%	-20.51%	+5.57%
Average Drawdown Average peak-to-trough decline	-16.68%	-15.57%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.65%	4.04%	+0.61%

Volatility

IFGL vs. INDS - Volatility Comparison

The current volatility for iShares International Developed Real Estate ETF (IFGL) is 4.54%, while Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) has a volatility of 5.23%. This indicates that IFGL experiences smaller price fluctuations and is considered to be less risky than INDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFGL	INDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	5.23%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	11.46%	12.10%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	16.23%	-2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.38%	20.16%	-3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	23.11%	-6.52%

IFGL vs. INDS - Expense Ratio Comparison

IFGL has a 0.48% expense ratio, which is lower than INDS's 0.60% expense ratio.

Dividends

IFGL vs. INDS - Dividend Comparison

IFGL's dividend yield for the trailing twelve months is around 3.90%, more than INDS's 3.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFGL iShares International Developed Real Estate ETF	3.90%	3.71%	4.83%	1.82%	2.79%	3.25%	2.17%	7.60%	4.10%	4.90%	7.68%	3.70%
INDS Pacer Benchmark Industrial Real Estate SCTR ETF	3.55%	3.70%	3.75%	3.11%	2.63%	1.24%	1.68%	2.26%	1.81%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IFGL and INDS in my portfolio?

IFGL and INDS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFGL or INDS?

INDS has higher volatility (5.23%) compared to IFGL (4.54%). In terms of maximum drawdown, IFGL dropped -67.94% vs INDS's -40.17%.

Which ETF is better, IFGL or INDS?

On 5-year performance, INDS leads with 0.82% vs -2.66% for IFGL. On fees, IFGL is cheaper at 0.48% per year. On volatility, IFGL has been the lower-risk option at 4.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IFGL or INDS?

Over the 5-year period, INDS has performed better with a 0.82% return vs -2.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFGL or INDS?

IFGL is cheaper with a 0.48% expense ratio, compared with 0.60% for INDS.

Which ETF pays a higher dividend yield, IFGL or INDS?

IFGL has the higher dividend yield at 3.90%, compared with 3.55% for INDS.

What is the main difference between IFGL and INDS?

IFGL tracks FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, while INDS tracks Benchmark Industrial Real Estate SCTR Index. They also come from different issuers: iShares and Pacer. Their fees differ too: 0.48% for IFGL and 0.60% for INDS.

Which has better risk-adjusted returns?

INDS currently has the higher Sharpe Ratio (0.61 vs 0.45), 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.