REAI vs. IFGL
REAI (Intelligent Real Estate ETF) and IFGL (iShares International Developed Real Estate ETF) are both REIT funds. REAI is actively managed, while IFGL is passively managed. Over the past 3 years, REAI returned 7.38%/yr vs 7.92%/yr for IFGL. A 0.62 correlation means they provide meaningful diversification when combined. REAI charges 0.59%/yr vs 0.48%/yr for IFGL.
Performance
REAI vs. IFGL - Performance Comparison
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Returns By Period
In the year-to-date period, REAI achieves a 14.97% return, which is significantly higher than IFGL's -3.68% return.
REAI
- 1D
- 0.41%
- 1M
- -0.63%
- YTD
- 14.97%
- 6M
- 15.33%
- 1Y
- 11.93%
- 3Y*
- 7.38%
- 5Y*
- —
- 10Y*
- —
IFGL
- 1D
- -1.11%
- 1M
- -3.43%
- YTD
- -3.68%
- 6M
- -3.43%
- 1Y
- 0.89%
- 3Y*
- 7.92%
- 5Y*
- -2.89%
- 10Y*
- 1.76%
REAI vs. IFGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
REAI Intelligent Real Estate ETF | 14.97% | -6.08% | 8.00% | 1.59% |
IFGL iShares International Developed Real Estate ETF | -3.68% | 24.31% | -7.25% | 7.58% |
Correlation
The correlation between REAI and IFGL is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | 0.62 |
The correlation between REAI and IFGL has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
REAI vs. IFGL — Risk / Return Rank
REAI
IFGL
REAI vs. IFGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intelligent Real Estate ETF (REAI) and iShares International Developed Real Estate ETF (IFGL). 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.
| REAI | IFGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.02 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.06 | +1.02 |
| Martin ratioReturn relative to average drawdown | 2.75 | 0.17 | +2.59 |
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Drawdowns
REAI vs. IFGL - Drawdown Comparison
The maximum REAI drawdown since its inception was -22.29%, smaller than the maximum IFGL drawdown of -68.93%. Use the drawdown chart below to compare losses from any high point for REAI and IFGL.
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Drawdown Indicators
| REAI | IFGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -68.93% | +46.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -14.38% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -22.29% | -18.77% | -3.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.38% | — |
Current DrawdownCurrent decline from peak | -2.14% | -16.24% | +14.10% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -17.31% | +10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 5.33% | -0.99% |
Volatility
REAI vs. IFGL - Volatility Comparison
The current volatility for Intelligent Real Estate ETF (REAI) is 3.84%, while iShares International Developed Real Estate ETF (IFGL) has a volatility of 4.27%. This indicates that REAI experiences smaller price fluctuations and is considered to be less risky than IFGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REAI | IFGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 4.27% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 11.88% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 13.96% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 16.38% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 16.45% | +1.55% |
REAI vs. IFGL - Expense Ratio Comparison
REAI has a 0.59% expense ratio, which is higher than IFGL's 0.48% expense ratio.
Dividends
REAI vs. IFGL - Dividend Comparison
REAI's dividend yield for the trailing twelve months is around 3.22%, less than IFGL's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFGL iShares International Developed Real Estate ETF | 4.27% | 3.71% | 4.83% | 1.82% | 2.79% | 3.25% | 2.17% | 7.60% | 4.10% | 4.90% | 7.68% | 3.70% |
REAI Intelligent Real Estate ETF | 3.22% | 4.52% | 3.34% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
REAI and IFGL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFGL has higher volatility (4.27%) compared to REAI (3.84%). In terms of maximum drawdown, REAI dropped -22.29% vs IFGL's -68.93%.
On 3-year performance, IFGL leads with 7.92% vs 7.38% for REAI. On fees, IFGL is cheaper at 0.48% per year. On volatility, REAI has been the lower-risk option at 3.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IFGL has performed better with a 7.92% return vs 7.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFGL is cheaper with a 0.48% expense ratio, compared with 0.59% for REAI.
IFGL has the higher dividend yield at 4.27%, compared with 3.22% for REAI.
They also come from different issuers: Armada ETF Advisors and iShares. Their fees differ too: 0.59% for REAI and 0.48% for IFGL.
REAI currently has the higher Sharpe Ratio (0.77 vs 0.06), 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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