PPTY vs. UCON
Compare and contrast key facts about US Diversified Real Estate ETF (PPTY) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
PPTY and UCON are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPTY is a passively managed fund by Vident that tracks the performance of the USREX - U.S. Diversified Real Estate Index. It was launched on Mar 24, 2018. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Performance
PPTY vs. UCON - Performance Comparison
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PPTY vs. UCON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 0.01% | -3.47% | 9.85% | 12.66% | -26.10% | 40.36% | -7.25% | 30.19% | -3.81% |
UCON First Trust TCW Unconstrained Plus Bond ETF | -0.52% | 7.00% | 4.69% | 7.72% | -5.72% | 1.02% | 6.54% | 7.39% | 1.11% |
Returns By Period
In the year-to-date period, PPTY achieves a 0.01% return, which is significantly higher than UCON's -0.52% return.
PPTY
- 1D
- 1.25%
- 1M
- -5.37%
- YTD
- 0.01%
- 6M
- -1.88%
- 1Y
- -1.68%
- 3Y*
- 5.95%
- 5Y*
- 2.27%
- 10Y*
- —
UCON
- 1D
- 0.53%
- 1M
- -1.66%
- YTD
- -0.52%
- 6M
- 0.71%
- 1Y
- 4.82%
- 3Y*
- 5.73%
- 5Y*
- 2.65%
- 10Y*
- —
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PPTY vs. UCON - Expense Ratio Comparison
PPTY has a 0.49% expense ratio, which is lower than UCON's 0.86% expense ratio.
Return for Risk
PPTY vs. UCON — Risk / Return Rank
PPTY
UCON
PPTY vs. UCON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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.
| PPTY | UCON | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.10 | 1.65 | -1.75 |
Sortino ratioReturn per unit of downside risk | -0.01 | 2.34 | -2.35 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.31 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.93 | -2.01 |
Martin ratioReturn relative to average drawdown | -0.29 | 8.54 | -8.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPTY | UCON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 1.65 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.69 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.62 | -0.36 |
Correlation
The correlation between PPTY and UCON is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PPTY vs. UCON - Dividend Comparison
PPTY's dividend yield for the trailing twelve months is around 3.04%, less than UCON's 4.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 3.04% | 3.04% | 3.29% | 4.08% | 4.29% | 2.87% | 3.43% | 3.30% | 1.97% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.66% | 4.63% | 4.95% | 4.75% | 3.12% | 2.20% | 3.14% | 3.25% | 1.76% |
Drawdowns
PPTY vs. UCON - Drawdown Comparison
The maximum PPTY drawdown since its inception was -41.69%, which is greater than UCON's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for PPTY and UCON.
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Drawdown Indicators
| PPTY | UCON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.69% | -15.31% | -26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -2.45% | -11.09% |
Max Drawdown (5Y)Largest decline over 5 years | -32.37% | -9.60% | -22.77% |
Current DrawdownCurrent decline from peak | -11.89% | -1.70% | -10.19% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -1.50% | -9.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 0.55% | +3.16% |
Volatility
PPTY vs. UCON - Volatility Comparison
US Diversified Real Estate ETF (PPTY) has a higher volatility of 4.39% compared to First Trust TCW Unconstrained Plus Bond ETF (UCON) at 1.54%. This indicates that PPTY's price experiences larger fluctuations and is considered to be riskier than UCON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPTY | UCON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 1.54% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 2.06% | +7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.62% | 2.92% | +14.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 3.84% | +14.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.06% | 5.94% | +16.12% |