IFGL vs. RWX
IFGL (iShares International Developed Real Estate ETF) and RWX (SPDR DJ Wilshire International Real Estate ETF) are both REIT funds - IFGL tracks the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index while RWX tracks the Dow Jones Global ex-U.S. Real Estate Securities Index. Both are passively managed. Over the past 10 years, IFGL returned 1.88%/yr vs 0.83%/yr for RWX. Their correlation of 0.91 suggests significant overlap in exposure. IFGL charges 0.48%/yr vs 0.59%/yr for RWX.
Performance
IFGL vs. RWX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IFGL achieves a -2.59% return, which is significantly higher than RWX's -3.84% return. Over the past 10 years, IFGL has outperformed RWX with an annualized return of 1.88%, while RWX has yielded a comparatively lower 0.83% annualized 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%
RWX
- 1D
- -0.59%
- 1M
- -2.41%
- YTD
- -3.84%
- 6M
- -3.04%
- 1Y
- 2.91%
- 3Y*
- 6.53%
- 5Y*
- -2.62%
- 10Y*
- 0.83%
IFGL vs. RWX - 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% | 20.00% |
RWX SPDR DJ Wilshire International Real Estate ETF | -3.84% | 26.24% | -12.15% | 6.25% | -21.84% | 9.34% | -9.03% | 19.88% | -8.25% | 15.50% |
Correlation
The correlation between IFGL and RWX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007 | 0.91 |
The correlation between IFGL and RWX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IFGL vs. RWX — Risk / Return Rank
IFGL
RWX
IFGL vs. RWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Real Estate ETF (IFGL) and SPDR DJ Wilshire International Real Estate ETF (RWX). 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 | RWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.22 | +0.02 |
| Martin ratioReturn relative to average drawdown | 0.63 | 0.57 | +0.06 |
Loading charts...
Drawdowns
IFGL vs. RWX - Drawdown Comparison
The maximum IFGL drawdown since its inception was -68.93%, smaller than the maximum RWX drawdown of -73.62%. Use the drawdown chart below to compare losses from any high point for IFGL and RWX.
Loading charts...
Drawdown Indicators
| IFGL | RWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.93% | -73.62% | +4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.38% | -13.58% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -19.05% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -38.00% | -35.91% | -2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -40.38% | -43.37% | +2.99% |
Current DrawdownCurrent decline from peak | -15.30% | -15.20% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -20.28% | +2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 5.11% | +0.16% |
Volatility
IFGL vs. RWX - Volatility Comparison
iShares International Developed Real Estate ETF (IFGL) and SPDR DJ Wilshire International Real Estate ETF (RWX) have volatilities of 4.17% and 4.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IFGL | RWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 4.01% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 11.26% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 13.58% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 15.85% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 16.48% | +0.10% |
IFGL vs. RWX - Expense Ratio Comparison
IFGL has a 0.48% expense ratio, which is lower than RWX's 0.59% expense ratio.
Dividends
IFGL vs. RWX - Dividend Comparison
IFGL's dividend yield for the trailing twelve months is around 4.22%, less than RWX's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RWX SPDR DJ Wilshire International Real Estate ETF | 5.09% | 3.65% | 4.32% | 3.90% | 4.05% | 4.62% | 2.92% | 8.94% | 5.28% | 2.77% | 8.74% | 2.94% |
Frequently Asked Questions
With a correlation of 0.93, IFGL and RWX 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.
IFGL has higher volatility (4.17%) compared to RWX (4.01%). In terms of maximum drawdown, IFGL dropped -68.93% vs RWX's -73.62%.
On 10-year performance, IFGL leads with 1.88% vs 0.83% for RWX. On fees, IFGL is cheaper at 0.48% per year. On volatility, RWX has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IFGL has performed better with a 1.88% return vs 0.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFGL is cheaper with a 0.48% expense ratio, compared with 0.59% for RWX.
RWX has the higher dividend yield at 5.09%, compared with 4.22% for IFGL.
IFGL tracks FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, while RWX tracks Dow Jones Global ex-U.S. Real Estate Securities Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.48% for IFGL and 0.59% for RWX.
IFGL currently has the higher Sharpe Ratio (0.24 vs 0.22), 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.
Find the right allocation for IFGL and RWX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer