PPTY vs. RWX
PPTY (US Diversified Real Estate ETF) and RWX (SPDR DJ Wilshire International Real Estate ETF) are both REIT funds - PPTY tracks the USREX - U.S. Diversified Real Estate Index while RWX tracks the Dow Jones Global ex-U.S. Real Estate Securities Index. Both are passively managed. Over the past 5 years, PPTY returned 3.03%/yr vs -2.78%/yr for RWX. A 0.60 correlation means they provide meaningful diversification when combined. PPTY charges 0.49%/yr vs 0.59%/yr for RWX.
Performance
PPTY vs. RWX - Performance Comparison
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Returns By Period
In the year-to-date period, PPTY achieves a 13.64% return, which is significantly higher than RWX's -4.24% return.
PPTY
- 1D
- 1.21%
- 1M
- 2.70%
- YTD
- 13.64%
- 6M
- 14.29%
- 1Y
- 13.03%
- 3Y*
- 11.23%
- 5Y*
- 3.03%
- 10Y*
- —
RWX
- 1D
- -0.42%
- 1M
- -2.81%
- YTD
- -4.24%
- 6M
- -3.90%
- 1Y
- 1.35%
- 3Y*
- 6.38%
- 5Y*
- -2.78%
- 10Y*
- 0.79%
PPTY vs. RWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 13.64% | -3.47% | 9.85% | 12.66% | -26.10% | 40.36% | -7.25% | 30.19% | 4.86% |
RWX SPDR DJ Wilshire International Real Estate ETF | -4.24% | 26.24% | -12.15% | 6.25% | -21.84% | 9.34% | -9.03% | 19.88% | -6.68% |
Correlation
The correlation between PPTY and RWX is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018 | 0.60 |
The correlation between PPTY and RWX shifts across timeframes, from 0.53 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PPTY vs. RWX — Risk / Return Rank
PPTY
RWX
PPTY vs. RWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) and SPDR DJ Wilshire International Real Estate ETF (RWX). 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 | RWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.03 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 0.10 | +1.52 |
| Martin ratioReturn relative to average drawdown | 4.68 | 0.26 | +4.42 |
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Drawdowns
PPTY vs. RWX - Drawdown Comparison
The maximum PPTY drawdown since its inception was -41.69%, smaller than the maximum RWX drawdown of -73.62%. Use the drawdown chart below to compare losses from any high point for PPTY and RWX.
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Drawdown Indicators
| PPTY | RWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.69% | -73.62% | +31.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -13.58% | +5.49% |
Max Drawdown (3Y)Largest decline over 3 years | -21.06% | -19.05% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -32.37% | -35.91% | +3.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.37% | — |
Current DrawdownCurrent decline from peak | -0.86% | -15.55% | +14.69% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -20.28% | +9.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 5.16% | -2.37% |
Volatility
PPTY vs. RWX - Volatility Comparison
US Diversified Real Estate ETF (PPTY) has a higher volatility of 4.88% compared to SPDR DJ Wilshire International Real Estate ETF (RWX) at 4.02%. This indicates that PPTY's price experiences larger fluctuations and is considered to be riskier than RWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPTY | RWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.02% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 11.25% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 13.56% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 15.85% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 16.32% | +5.58% |
PPTY vs. RWX - Expense Ratio Comparison
PPTY has a 0.49% expense ratio, which is lower than RWX's 0.59% expense ratio.
Dividends
PPTY vs. RWX - Dividend Comparison
PPTY's dividend yield for the trailing twelve months is around 2.56%, less than RWX's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 2.56% | 3.04% | 3.29% | 4.08% | 4.29% | 2.87% | 3.43% | 3.30% | 1.97% | 0.00% | 0.00% | 0.00% |
RWX SPDR DJ Wilshire International Real Estate ETF | 4.09% | 3.65% | 4.32% | 3.90% | 4.05% | 4.62% | 2.92% | 8.94% | 5.28% | 2.77% | 8.74% | 2.94% |
Frequently Asked Questions
PPTY and RWX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPTY has higher volatility (4.88%) compared to RWX (4.02%). In terms of maximum drawdown, PPTY dropped -41.69% vs RWX's -73.62%.
On 5-year performance, PPTY leads with 3.03% vs -2.78% for RWX. On fees, PPTY is cheaper at 0.49% per year. On volatility, RWX has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PPTY has performed better with a 3.03% return vs -2.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PPTY is cheaper with a 0.49% expense ratio, compared with 0.59% for RWX.
RWX has the higher dividend yield at 4.09%, compared with 2.56% for PPTY.
PPTY tracks USREX - U.S. Diversified Real Estate Index, while RWX tracks Dow Jones Global ex-U.S. Real Estate Securities Index. They also come from different issuers: Vident and State Street. Their fees differ too: 0.49% for PPTY and 0.59% for RWX.
PPTY currently has the higher Sharpe Ratio (0.93 vs 0.10), 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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