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NETL vs. ICF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NETL vs. ICF

Last updated Jun 4, 2026

NETL (NETLease Corporate Real Estate ETF) and ICF (iShares Cohen & Steers REIT ETF) are both REIT funds - NETL tracks the Fundamental Income Net Lease Real Estate Index while ICF tracks the Cohen & Steers Realty Majors Index. Both are passively managed. Over the past 5 years, NETL returned 1.33%/yr vs 3.01%/yr for ICF. Their correlation of 0.84 suggests significant overlap in exposure. NETL charges 0.60%/yr vs 0.34%/yr for ICF.

Performance

NETL vs. ICF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NETLease Corporate Real Estate ETF (NETL) and iShares Cohen & Steers REIT ETF (ICF). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, NETL achieves a 10.34% return, which is significantly lower than ICF's 12.19% return.

NETL

1D
-1.14%
1M
-1.07%
YTD
10.34%
6M
9.20%
1Y
11.59%
3Y*
7.12%
5Y*
1.33%
10Y*
—

ICF

1D
0.17%
1M
-0.92%
YTD
12.19%
6M
11.56%
1Y
11.29%
3Y*
10.12%
5Y*
3.01%
10Y*
5.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NETL vs. ICF - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
NETL
NETLease Corporate Real Estate ETF		10.34%6.05%-1.08%2.69%-16.16%27.36%-0.73%13.15%
ICF
iShares Cohen & Steers REIT ETF		12.19%1.85%5.30%10.36%-26.12%44.17%-5.43%8.32%

Correlation

The correlation between NETL and ICF is 0.73, 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

0.73

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Mar 25, 2019

0.84

The correlation between NETL and ICF shifts across timeframes, from 0.73 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

NETL vs. ICF - Sectors Allocation Comparison

Sectors
NETL
ICF

Real Estate

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

NETL
100.0%
ICF
100.0%

Basic Materials

NETL

-

ICF

-

Communication Services

NETL

-

ICF

-

Consumer Cyclical

NETL

-

ICF

-

Consumer Defensive

NETL

-

ICF

-

Energy

NETL

-

ICF

-

Financial Services

NETL

-

ICF

-

Healthcare

NETL

-

ICF

-

Industrials

NETL

-

ICF

-

Technology

NETL

-

ICF

-

Utilities

NETL

-

ICF

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

NETLease Corporate Real Estate ETF

iShares Cohen & Steers REIT ETF

Often compared with NETL:
NETL vs. SRETNETL vs. SCHHNETL vs. EQIXNETL vs. AMTNETL vs. ONETL vs. VICINETL vs. PLD
Often compared with ICF:
ICF vs. VNQICF vs. USRTICF vs. IYRICF vs. FRELICF vs. ICFIICF vs. SDIVICF vs. XLRE

Return for Risk

NETL vs. ICF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NETL
NETL Risk / Return Rank: 2525
Overall Rank
NETL Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
NETL Sortino Ratio Rank: 2323
Sortino Ratio Rank
NETL Omega Ratio Rank: 2222
Omega Ratio Rank
NETL Calmar Ratio Rank: 2626
Calmar Ratio Rank
NETL Martin Ratio Rank: 2929
Martin Ratio Rank
ICF
ICF Risk / Return Rank: 2525
Overall Rank
ICF Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
ICF Sortino Ratio Rank: 2222
Sortino Ratio Rank
ICF Omega Ratio Rank: 2222
Omega Ratio Rank
ICF Calmar Ratio Rank: 2828
Calmar Ratio Rank
ICF Martin Ratio Rank: 2828
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NETL vs. ICF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NETLease Corporate Real Estate ETF (NETL) and iShares Cohen & Steers REIT ETF (ICF). 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.

NETLICFDifference
Sharpe ratioReturn per unit of total volatility
0.86
0.84

+0.02

Sortino ratioReturn per unit of downside risk
1.26
1.20

+0.06

Omega ratioGain probability vs. loss probability

1.15

1.15

0.00

Calmar ratioReturn relative to maximum drawdown

1.27

1.38

-0.11

Martin ratioReturn relative to average drawdown

3.99

3.92

+0.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NETL vs. ICF - Sharpe Ratio Comparison

The current NETL Sharpe Ratio is 0.86, which is comparable to the ICF Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of NETL and ICF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

NETLICFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.86

0.84

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.07

0.16

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.27

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.31

-0.12

Drawdowns

NETL vs. ICF - Drawdown Comparison

The maximum NETL drawdown since its inception was -51.48%, smaller than the maximum ICF drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for NETL and ICF.

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Drawdown Indicators

NETLICFDifference

Max Drawdown

Largest peak-to-trough decline

-51.48%

-76.74%

+25.26%

Max Drawdown (1Y)

Largest decline over 1 year

-9.16%

-8.20%

-0.96%

Max Drawdown (3Y)

Largest decline over 3 years

-19.30%

-17.25%

-2.05%

Max Drawdown (5Y)

Largest decline over 5 years

-30.74%

-34.74%

+4.00%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.22%

—

Current Drawdown

Current decline from peak

-3.68%

-2.67%

-1.01%

Average Drawdown

Average peak-to-trough decline

-11.65%

-14.18%

+2.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

2.88%

+0.03%

Volatility

NETL vs. ICF - Volatility Comparison

NETLease Corporate Real Estate ETF (NETL) and iShares Cohen & Steers REIT ETF (ICF) have volatilities of 3.66% and 3.71%, 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

NETLICFDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.66%

3.71%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

9.66%

9.85%

-0.19%

Volatility (1Y)

Calculated over the trailing 1-year period

13.57%

13.57%

0.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.94%

18.91%

-0.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.92%

20.58%

+5.34%

NETL vs. ICF - Expense Ratio Comparison

NETL has a 0.60% expense ratio, which is higher than ICF's 0.34% expense ratio.

Dividends

NETL vs. ICF - Dividend Comparison

NETL's dividend yield for the trailing twelve months is around 4.83%, more than ICF's 2.48% yield.

PositionTTM20252024202320222021202020192018201720162015
ICF
iShares Cohen & Steers REIT ETF		2.48%2.88%2.66%2.76%2.64%1.82%2.38%2.55%3.20%3.10%4.21%3.30%
NETL
NETLease Corporate Real Estate ETF		4.83%5.12%5.08%4.57%4.47%4.03%3.98%2.52%0.00%0.00%0.00%0.00%

Frequently Asked Questions

NETL and ICF have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ICF has higher volatility (3.71%) compared to NETL (3.66%). In terms of maximum drawdown, NETL dropped -51.48% vs ICF's -76.74%.

On 5-year performance, ICF leads with 3.01% vs 1.33% for NETL. On fees, ICF is cheaper at 0.34% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ICF has performed better with a 3.01% return vs 1.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ICF is cheaper with a 0.34% expense ratio, compared with 0.60% for NETL.

NETL has the higher dividend yield at 4.83%, compared with 2.48% for ICF.

NETL tracks Fundamental Income Net Lease Real Estate Index, while ICF tracks Cohen & Steers Realty Majors Index. They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 0.60% for NETL and 0.34% for ICF.

NETL currently has the higher Sharpe Ratio (0.86 vs 0.84), 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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