IFRA vs. AAAZX
IFRA (iShares U.S. Infrastructure ETF) and AAAZX (DWS RREEF Real Assets Fund) are both funds - IFRA is a Infrastructure Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR), while AAAZX is a Global Allocation fund managed by DWS. Over the past 5 years, IFRA returned 13.28%/yr vs 5.43%/yr for AAAZX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. IFRA charges 0.30%/yr vs 0.90%/yr for AAAZX.
Performance
IFRA vs. AAAZX - Performance Comparison
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Returns By Period
In the year-to-date period, IFRA achieves a 16.00% return, which is significantly higher than AAAZX's 11.24% return.
IFRA
- 1D
- 0.00%
- 1M
- -2.67%
- 6M
- 8.92%
- YTD
- 16.00%
- 1Y
- 23.20%
- 3Y*
- 16.79%
- 5Y*
- 13.28%
- 10Y*
- —
- ALL TIME*
- 13.22%
AAAZX
- 1D
- 0.38%
- 1M
- 2.63%
- 6M
- 3.32%
- YTD
- 11.24%
- 1Y
- 18.05%
- 3Y*
- 10.37%
- 5Y*
- 5.43%
- 10Y*
- 7.15%
- ALL TIME*
- 4.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $20.72M | $20.65M | $23.36M |
IFRA vs. AAAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IFRA iShares U.S. Infrastructure ETF | 16.00% | 15.90% | 17.02% | 13.42% | -3.32% | 29.81% | 7.37% | 27.00% | -7.97% |
AAAZX DWS RREEF Real Assets Fund | 11.24% | 13.14% | 5.49% | 2.64% | -9.57% | 23.83% | 3.91% | 21.79% | -2.38% |
Correlation
The correlation between IFRA and AAAZX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.76 |
The correlation between IFRA and AAAZX shifts across timeframes, from 0.62 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IFRA vs. AAAZX — Risk / Return Rank
IFRA
AAAZX
IFRA vs. AAAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Infrastructure ETF (IFRA) and DWS RREEF Real Assets Fund (AAAZX). 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.
| IFRA | AAAZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.01 | -0.40 |
| Martin ratioReturn relative to average drawdown | 8.59 | 8.25 | +0.33 |
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Drawdowns
IFRA vs. AAAZX - Drawdown Comparison
The maximum IFRA drawdown since its inception was -41.06%, roughly equal to the maximum AAAZX drawdown of -40.45%. Use the drawdown chart below to compare losses from any high point for IFRA and AAAZX.
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Drawdown Indicators
| IFRA | AAAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.06% | -40.45% | -0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -5.78% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -10.06% | -9.87% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -22.52% | +2.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.44% | — |
Current DrawdownCurrent decline from peak | -5.46% | -2.32% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -6.60% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.11% | +0.44% |
Volatility
IFRA vs. AAAZX - Volatility Comparison
iShares U.S. Infrastructure ETF (IFRA) has a higher volatility of 4.01% compared to DWS RREEF Real Assets Fund (AAAZX) at 2.16%. This indicates that IFRA's price experiences larger fluctuations and is considered to be riskier than AAAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFRA | AAAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 2.16% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 7.48% | +4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 9.33% | +6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.87% | 12.07% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 12.70% | +8.59% |
IFRA vs. AAAZX - Expense Ratio Comparison
IFRA has a 0.30% expense ratio, which is lower than AAAZX's 0.90% expense ratio.
Dividends
IFRA vs. AAAZX - Dividend Comparison
IFRA's dividend yield for the trailing twelve months is around 1.61%, less than AAAZX's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAZX DWS RREEF Real Assets Fund | 6.60% | 4.15% | 2.85% | 2.40% | 4.50% | 2.62% | 1.60% | 2.07% | 1.89% | 1.79% | 1.82% | 2.53% |
IFRA iShares U.S. Infrastructure ETF | 1.61% | 1.84% | 1.75% | 1.98% | 1.98% | 1.63% | 2.08% | 1.68% | 2.50% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IFRA and AAAZX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFRA has higher volatility (4.01%) compared to AAAZX (2.16%). In terms of maximum drawdown, IFRA dropped -41.06% vs AAAZX's -40.45%.
AAAZX currently has the higher Sharpe Ratio (1.87 vs 1.43), 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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