INDS vs. RWR
INDS (Pacer Benchmark Industrial Real Estate SCTR ETF) and RWR (SPDR Dow Jones REIT ETF) are both REIT funds - INDS tracks the Benchmark Industrial Real Estate SCTR Index while RWR tracks the Dow Jones U.S. Select REIT Index. Both are passively managed. Over the past 5 years, INDS returned 1.17%/yr vs 4.64%/yr for RWR. Their correlation of 0.87 suggests significant overlap in exposure. INDS charges 0.60%/yr vs 0.25%/yr for RWR.
Performance
INDS vs. RWR - Performance Comparison
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Returns By Period
In the year-to-date period, INDS achieves a 9.26% return, which is significantly lower than RWR's 14.64% return.
INDS
- 1D
- 0.50%
- 1M
- -0.06%
- YTD
- 9.26%
- 6M
- 9.15%
- 1Y
- 12.98%
- 3Y*
- 5.44%
- 5Y*
- 1.17%
- 10Y*
- —
RWR
- 1D
- 1.26%
- 1M
- 0.64%
- YTD
- 14.64%
- 6M
- 14.73%
- 1Y
- 19.15%
- 3Y*
- 13.14%
- 5Y*
- 4.64%
- 10Y*
- 5.37%
INDS vs. RWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
INDS Pacer Benchmark Industrial Real Estate SCTR ETF | 9.26% | 7.78% | -12.69% | 17.72% | -32.68% | 54.61% | 12.62% | 42.25% | -1.14% |
RWR SPDR Dow Jones REIT ETF | 14.64% | 3.20% | 7.74% | 13.76% | -26.09% | 45.47% | -11.40% | 22.71% | -0.25% |
Correlation
The correlation between INDS and RWR is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.87 |
The correlation between INDS and RWR has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
INDS vs. RWR — Risk / Return Rank
INDS
RWR
INDS vs. RWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) and SPDR Dow Jones REIT ETF (RWR). 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.
| INDS | RWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.39 | -1.33 |
| Martin ratioReturn relative to average drawdown | 3.20 | 8.08 | -4.88 |
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Drawdowns
INDS vs. RWR - Drawdown Comparison
The maximum INDS drawdown since its inception was -40.17%, smaller than the maximum RWR drawdown of -74.92%. Use the drawdown chart below to compare losses from any high point for INDS and RWR.
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Drawdown Indicators
| INDS | RWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.17% | -74.92% | +34.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -8.04% | -4.19% |
Max Drawdown (3Y)Largest decline over 3 years | -26.96% | -18.85% | -8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -40.17% | -32.58% | -7.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.39% | — |
Current DrawdownCurrent decline from peak | -18.52% | -1.74% | -16.78% |
Average DrawdownAverage peak-to-trough decline | -15.58% | -13.09% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 2.38% | +1.68% |
Volatility
INDS vs. RWR - Volatility Comparison
The current volatility for Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) is 4.91%, while SPDR Dow Jones REIT ETF (RWR) has a volatility of 5.27%. This indicates that INDS experiences smaller price fluctuations and is considered to be less risky than RWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDS | RWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 5.27% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.51% | 10.32% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 14.03% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.17% | 19.04% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 21.55% | +1.53% |
INDS vs. RWR - Expense Ratio Comparison
INDS has a 0.60% expense ratio, which is higher than RWR's 0.25% expense ratio.
Dividends
INDS vs. RWR - Dividend Comparison
INDS's dividend yield for the trailing twelve months is around 3.39%, less than RWR's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDS Pacer Benchmark Industrial Real Estate SCTR ETF | 3.39% | 3.70% | 3.75% | 3.11% | 2.63% | 1.24% | 1.68% | 2.26% | 1.81% | 0.00% | 0.00% | 0.00% |
RWR SPDR Dow Jones REIT ETF | 4.23% | 3.78% | 3.76% | 3.75% | 3.81% | 2.79% | 3.73% | 3.36% | 4.19% | 3.05% | 4.39% | 3.17% |
Frequently Asked Questions
INDS and RWR have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWR has higher volatility (5.27%) compared to INDS (4.91%). In terms of maximum drawdown, INDS dropped -40.17% vs RWR's -74.92%.
On 5-year performance, RWR leads with 4.64% vs 1.17% for INDS. On fees, RWR is cheaper at 0.25% per year. On volatility, INDS has been the lower-risk option at 4.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RWR has performed better with a 4.64% return vs 1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RWR is cheaper with a 0.25% expense ratio, compared with 0.60% for INDS.
RWR has the higher dividend yield at 4.23%, compared with 3.39% for INDS.
INDS tracks Benchmark Industrial Real Estate SCTR Index, while RWR tracks Dow Jones U.S. Select REIT Index. They also come from different issuers: Pacer and State Street. Their fees differ too: 0.60% for INDS and 0.25% for RWR.
RWR currently has the higher Sharpe Ratio (1.37 vs 0.79), 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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