LPRE vs. REZ
LPRE (Long Pond Real Estate Select ETF) and REZ (iShares Residential Real Estate ETF) are both REIT funds. LPRE is actively managed, while REZ is passively managed. Over the past year, LPRE returned 20.16% vs 14.07% for REZ. A 0.79 correlation means they provide meaningful diversification when combined. LPRE charges 1.00%/yr vs 0.48%/yr for REZ.
Performance
LPRE vs. REZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LPRE achieves a 13.49% return, which is significantly higher than REZ's 12.57% return.
LPRE
- 1D
- 1.19%
- 1M
- 3.76%
- YTD
- 13.49%
- 6M
- 13.92%
- 1Y
- 20.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
REZ
- 1D
- 0.89%
- 1M
- 1.09%
- YTD
- 12.57%
- 6M
- 12.25%
- 1Y
- 14.07%
- 3Y*
- 12.62%
- 5Y*
- 4.37%
- 10Y*
- 6.91%
LPRE vs. REZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LPRE Long Pond Real Estate Select ETF | 13.49% | 16.34% |
REZ iShares Residential Real Estate ETF | 12.57% | -0.17% |
Correlation
The correlation between LPRE and REZ is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025 | 0.79 |
The correlation between LPRE and REZ has been stable across timeframes, ranging from 0.79 to 0.80 - 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
LPRE vs. REZ — Risk / Return Rank
LPRE
REZ
LPRE vs. REZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Long Pond Real Estate Select ETF (LPRE) 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.
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.
| LPRE | REZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.61 | +0.35 |
| Martin ratioReturn relative to average drawdown | 6.73 | 4.88 | +1.84 |
Loading charts...
Drawdowns
LPRE vs. REZ - Drawdown Comparison
The maximum LPRE drawdown since its inception was -10.33%, smaller than the maximum REZ drawdown of -66.87%. Use the drawdown chart below to compare losses from any high point for LPRE and REZ.
Loading charts...
Drawdown Indicators
| LPRE | REZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.33% | -66.87% | +56.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -8.76% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.15% | — |
Current DrawdownCurrent decline from peak | -0.44% | 0.00% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -12.65% | +10.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.89% | +0.12% |
Volatility
LPRE vs. REZ - Volatility Comparison
The current volatility for Long Pond Real Estate Select ETF (LPRE) is 4.16%, while iShares Residential Real Estate ETF (REZ) has a volatility of 6.08%. This indicates that LPRE experiences smaller price fluctuations and is considered to be less risky than REZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LPRE | REZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 6.08% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 11.52% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.52% | 15.04% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 19.00% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 21.58% | -3.54% |
LPRE vs. REZ - Expense Ratio Comparison
LPRE has a 1.00% expense ratio, which is higher than REZ's 0.48% expense ratio.
Dividends
LPRE vs. REZ - Dividend Comparison
LPRE's dividend yield for the trailing twelve months is around 1.12%, less than REZ's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPRE Long Pond Real Estate Select ETF | 1.12% | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REZ iShares Residential Real Estate ETF | 2.04% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Frequently Asked Questions
LPRE and REZ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REZ has higher volatility (6.08%) compared to LPRE (4.16%). In terms of maximum drawdown, LPRE dropped -10.33% vs REZ's -66.87%.
On 1-year performance, LPRE leads with 20.16% vs 14.07% for REZ. On fees, REZ is cheaper at 0.48% per year. On volatility, LPRE has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LPRE has performed better with a 20.16% return vs 14.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REZ is cheaper with a 0.48% expense ratio, compared with 1.00% for LPRE.
REZ has the higher dividend yield at 2.04%, compared with 1.12% for LPRE.
They also come from different issuers: Long Pond and iShares. Their fees differ too: 1.00% for LPRE and 0.48% for REZ.
LPRE currently has the higher Sharpe Ratio (1.31 vs 0.94), 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 LPRE and REZ
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