PPTY vs. IQRA

Last updated Jun 24, 2026

PPTY (US Diversified Real Estate ETF) and IQRA (IQ CBRE Real Assets ETF) are both REIT funds. PPTY is passively managed, while IQRA is actively managed. Over the past 3 years, PPTY returned 11.23%/yr vs 11.46%/yr for IQRA. Their correlation of 0.84 suggests significant overlap in exposure. PPTY charges 0.49%/yr vs 0.65%/yr for IQRA.

Performance

PPTY vs. IQRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Diversified Real Estate ETF (PPTY) and IQ CBRE Real Assets ETF (IQRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPTY achieves a 13.64% return, which is significantly higher than IQRA's 8.27% return.

PPTY

• 1D: 1.21%
• 1M: 2.70%
• YTD: 13.64%
• 6M: 14.29%
• 1Y: 13.03%
• 3Y*: 11.23%
• 5Y*: 3.03%
• 10Y*: —

IQRA

• 1D: 0.59%
• 1M: -0.63%
• YTD: 8.27%
• 6M: 8.38%
• 1Y: 12.86%
• 3Y*: 11.46%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PPTY vs. IQRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PPTY US Diversified Real Estate ETF	13.64%	-3.47%	9.85%	12.18%
IQRA IQ CBRE Real Assets ETF	8.27%	12.42%	5.58%	2.80%

Correlation

The correlation between PPTY and IQRA is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 10, 2023	0.84

The correlation between PPTY and IQRA has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

PPTY vs. IQRA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PPTY

PPTY Risk / Return Rank: 29
PPTY Sharpe Ratio Rank: 27
PPTY Sortino Ratio Rank: 26
PPTY Omega Ratio Rank: 24
PPTY Calmar Ratio Rank: 35
PPTY Martin Ratio Rank: 34

IQRA

IQRA Risk / Return Rank: 35
IQRA Sharpe Ratio Rank: 36
IQRA Sortino Ratio Rank: 33
IQRA Omega Ratio Rank: 34
IQRA Calmar Ratio Rank: 34
IQRA Martin Ratio Rank: 37

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.

PPTY vs. IQRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) and IQ CBRE Real Assets ETF (IQRA). 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.

	PPTY	IQRA	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.20	-0.27
Sortino ratio: Return per unit of downside risk	1.35	1.64	-0.29
Omega ratio: Gain probability vs. loss probability	1.16	1.21	-0.05
Calmar ratio: Return relative to maximum drawdown	1.62	1.61	0.00
Martin ratio: Return relative to average drawdown	4.68	5.28	-0.60

PPTY vs. IQRA - Sharpe Ratio Comparison

The current PPTY Sharpe Ratio is 0.93, which is comparable to the IQRA Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of PPTY and IQRA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PPTY vs. IQRA - Drawdown Comparison

The maximum PPTY drawdown since its inception was -41.69%, which is greater than IQRA's maximum drawdown of -15.70%. Use the drawdown chart below to compare losses from any high point for PPTY and IQRA.

Drawdown Indicators

	PPTY	IQRA	Difference
Max Drawdown Largest peak-to-trough decline	-41.69%	-15.70%	-25.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	-8.01%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-21.06%	-15.70%	-5.36%
Max Drawdown (5Y) Largest decline over 5 years	-32.37%	—	—
Current Drawdown Current decline from peak	-0.86%	-2.97%	+2.11%
Average Drawdown Average peak-to-trough decline	-11.28%	-3.15%	-8.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.44%	+0.35%

Volatility

PPTY vs. IQRA - Volatility Comparison

US Diversified Real Estate ETF (PPTY) has a higher volatility of 4.88% compared to IQ CBRE Real Assets ETF (IQRA) at 3.73%. This indicates that PPTY's price experiences larger fluctuations and is considered to be riskier than IQRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPTY	IQRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	3.73%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	8.60%	+1.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	10.83%	+3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.60%	12.85%	+5.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	12.85%	+9.05%

PPTY vs. IQRA - Expense Ratio Comparison

PPTY has a 0.49% expense ratio, which is lower than IQRA's 0.65% expense ratio.

Dividends

PPTY vs. IQRA - Dividend Comparison

PPTY's dividend yield for the trailing twelve months is around 2.56%, less than IQRA's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IQRA IQ CBRE Real Assets ETF	2.70%	2.83%	3.53%	2.14%	0.00%	0.00%	0.00%	0.00%	0.00%
PPTY US Diversified Real Estate ETF	2.56%	3.04%	3.29%	4.08%	4.29%	2.87%	3.43%	3.30%	1.97%

Frequently Asked Questions

Can I hold both PPTY and IQRA in my portfolio?

PPTY and IQRA 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.

Which is riskier, PPTY or IQRA?

PPTY has higher volatility (4.88%) compared to IQRA (3.73%). In terms of maximum drawdown, PPTY dropped -41.69% vs IQRA's -15.70%.

Which ETF is better, PPTY or IQRA?

On 3-year performance, IQRA leads with 11.46% vs 11.23% for PPTY. On fees, PPTY is cheaper at 0.49% per year. On volatility, IQRA has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPTY or IQRA?

Over the 3-year period, IQRA has performed better with a 11.46% return vs 11.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPTY or IQRA?

PPTY is cheaper with a 0.49% expense ratio, compared with 0.65% for IQRA.

Which ETF pays a higher dividend yield, PPTY or IQRA?

IQRA has the higher dividend yield at 2.70%, compared with 2.56% for PPTY.

What is the main difference between PPTY and IQRA?

They also come from different issuers: Vident and IndexIQ. Their fees differ too: 0.49% for PPTY and 0.65% for IQRA.

Which has better risk-adjusted returns?

IQRA currently has the higher Sharpe Ratio (1.20 vs 0.93), 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.