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IYR vs. REZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


IYRREZ
YTD Return8.93%19.70%
1Y Return29.48%39.88%
3Y Return (Ann)-1.08%0.69%
5Y Return (Ann)4.02%5.46%
10Y Return (Ann)6.10%7.79%
Sharpe Ratio1.672.22
Sortino Ratio2.413.17
Omega Ratio1.301.38
Calmar Ratio0.951.17
Martin Ratio6.3810.31
Ulcer Index4.46%3.73%
Daily Std Dev16.99%17.32%
Max Drawdown-74.13%-66.84%
Current Drawdown-9.21%-5.98%

Correlation

-0.50.00.51.00.9

The correlation between IYR and REZ is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

IYR vs. REZ - Performance Comparison

In the year-to-date period, IYR achieves a 8.93% return, which is significantly lower than REZ's 19.70% return. Over the past 10 years, IYR has underperformed REZ with an annualized return of 6.10%, while REZ has yielded a comparatively higher 7.79% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
12.21%
16.26%
IYR
REZ

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IYR vs. REZ - Expense Ratio Comparison

IYR has a 0.42% expense ratio, which is lower than REZ's 0.48% expense ratio.


REZ
iShares Residential Real Estate ETF
Expense ratio chart for REZ: current value at 0.48% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.48%
Expense ratio chart for IYR: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%

Risk-Adjusted Performance

IYR vs. REZ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) and iShares Residential Real Estate ETF (REZ). 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.


IYR
Sharpe ratio
The chart of Sharpe ratio for IYR, currently valued at 1.67, compared to the broader market-2.000.002.004.006.001.67
Sortino ratio
The chart of Sortino ratio for IYR, currently valued at 2.41, compared to the broader market-2.000.002.004.006.008.0010.0012.002.41
Omega ratio
The chart of Omega ratio for IYR, currently valued at 1.30, compared to the broader market1.001.502.002.503.001.30
Calmar ratio
The chart of Calmar ratio for IYR, currently valued at 0.95, compared to the broader market0.005.0010.0015.000.95
Martin ratio
The chart of Martin ratio for IYR, currently valued at 6.38, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.38
REZ
Sharpe ratio
The chart of Sharpe ratio for REZ, currently valued at 2.22, compared to the broader market-2.000.002.004.006.002.22
Sortino ratio
The chart of Sortino ratio for REZ, currently valued at 3.17, compared to the broader market-2.000.002.004.006.008.0010.0012.003.17
Omega ratio
The chart of Omega ratio for REZ, currently valued at 1.38, compared to the broader market1.001.502.002.503.001.38
Calmar ratio
The chart of Calmar ratio for REZ, currently valued at 1.17, compared to the broader market0.005.0010.0015.001.17
Martin ratio
The chart of Martin ratio for REZ, currently valued at 10.31, compared to the broader market0.0020.0040.0060.0080.00100.00120.0010.31

IYR vs. REZ - Sharpe Ratio Comparison

The current IYR Sharpe Ratio is 1.67, which is comparable to the REZ Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of IYR and REZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.67
2.22
IYR
REZ

Dividends

IYR vs. REZ - Dividend Comparison

IYR's dividend yield for the trailing twelve months is around 2.41%, more than REZ's 2.21% yield.


TTM20232022202120202019201820172016201520142013
IYR
iShares U.S. Real Estate ETF
2.41%2.75%2.92%2.06%2.58%3.05%3.53%3.73%4.41%3.92%3.66%3.78%
REZ
iShares Residential Real Estate ETF
2.21%2.94%3.37%1.81%3.17%2.90%3.63%3.57%5.54%3.18%3.13%3.92%

Drawdowns

IYR vs. REZ - Drawdown Comparison

The maximum IYR drawdown since its inception was -74.13%, which is greater than REZ's maximum drawdown of -66.84%. Use the drawdown chart below to compare losses from any high point for IYR and REZ. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-9.21%
-5.98%
IYR
REZ

Volatility

IYR vs. REZ - Volatility Comparison

iShares U.S. Real Estate ETF (IYR) and iShares Residential Real Estate ETF (REZ) have volatilities of 5.67% and 5.82%, 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.67%
5.82%
IYR
REZ