REET vs. DFGR
REET (iShares Global REIT ETF) and DFGR (Dimensional Global Real Estate ETF) are both REIT funds. REET is passively managed, while DFGR is actively managed. Over the past 3 years, REET returned 11.63%/yr vs 11.14%/yr for DFGR. With a 0.98 correlation, they move nearly in lockstep. REET charges 0.14%/yr vs 0.22%/yr for DFGR.
Performance
REET vs. DFGR - Performance Comparison
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Returns By Period
In the year-to-date period, REET achieves a 11.67% return, which is significantly higher than DFGR's 10.41% return.
REET
- 1D
- 0.77%
- 1M
- 1.11%
- YTD
- 11.67%
- 6M
- 12.03%
- 1Y
- 14.10%
- 3Y*
- 11.63%
- 5Y*
- 2.85%
- 10Y*
- 4.37%
DFGR
- 1D
- 0.41%
- 1M
- 0.41%
- YTD
- 10.41%
- 6M
- 10.83%
- 1Y
- 11.18%
- 3Y*
- 11.14%
- 5Y*
- —
- 10Y*
- —
REET vs. DFGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
REET iShares Global REIT ETF | 11.67% | 7.97% | 2.65% | 10.28% | -1.17% |
DFGR Dimensional Global Real Estate ETF | 10.41% | 7.65% | 1.89% | 9.64% | -1.20% |
Correlation
The correlation between REET and DFGR is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022 | 0.98 |
The correlation between REET and DFGR has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
REET vs. DFGR — Risk / Return Rank
REET
DFGR
REET vs. DFGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) and Dimensional Global Real Estate ETF (DFGR). 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.
| REET | DFGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.23 | +0.34 |
| Martin ratioReturn relative to average drawdown | 5.60 | 4.32 | +1.28 |
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Drawdowns
REET vs. DFGR - Drawdown Comparison
The maximum REET drawdown since its inception was -44.59%, which is greater than DFGR's maximum drawdown of -21.28%. Use the drawdown chart below to compare losses from any high point for REET and DFGR.
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Drawdown Indicators
| REET | DFGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -21.28% | -23.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -9.15% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -17.57% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -32.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.59% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -1.42% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -6.22% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.59% | -0.07% |
Volatility
REET vs. DFGR - Volatility Comparison
iShares Global REIT ETF (REET) and Dimensional Global Real Estate ETF (DFGR) have volatilities of 4.36% and 4.22%, 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.
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Volatility by Period
| REET | DFGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.22% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 9.34% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 12.29% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 15.42% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 15.42% | +3.43% |
REET vs. DFGR - Expense Ratio Comparison
REET has a 0.14% expense ratio, which is lower than DFGR's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
REET vs. DFGR - Dividend Comparison
REET's dividend yield for the trailing twelve months is around 3.37%, less than DFGR's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFGR Dimensional Global Real Estate ETF | 3.23% | 4.05% | 3.73% | 2.77% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REET iShares Global REIT ETF | 3.37% | 3.67% | 3.64% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% |
Frequently Asked Questions
With a correlation of 0.97, REET and DFGR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
REET has higher volatility (4.36%) compared to DFGR (4.22%). In terms of maximum drawdown, REET dropped -44.59% vs DFGR's -21.28%.
On 3-year performance, REET leads with 11.63% vs 11.14% for DFGR. On fees, REET is cheaper at 0.14% per year. On volatility, DFGR has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, REET has performed better with a 11.63% return vs 11.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REET is cheaper with a 0.14% expense ratio, compared with 0.22% for DFGR.
DFGR has the higher dividend yield at 3.85%, compared with 3.37% for REET.
They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.14% for REET and 0.22% for DFGR.
REET currently has the higher Sharpe Ratio (1.14 vs 0.92), 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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