REET vs. DFGR

Last updated Jun 4, 2026

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 9.19%/yr vs 8.89%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global REIT ETF (REET) and Dimensional Global Real Estate ETF (DFGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REET achieves a 8.07% return, which is significantly higher than DFGR's 7.61% return.

REET

• 1D: -0.15%
• 1M: -0.74%
• YTD: 8.07%
• 6M: 7.69%
• 1Y: 12.24%
• 3Y*: 9.19%
• 5Y*: 2.22%
• 10Y*: 3.99%

DFGR

• 1D: -0.28%
• 1M: -1.00%
• YTD: 7.61%
• 6M: 7.46%
• 1Y: 10.27%
• 3Y*: 8.89%
• 5Y*: —
• 10Y*: —

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

REET vs. DFGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
REET iShares Global REIT ETF	8.07%	7.97%	2.65%	10.28%	-1.60%
DFGR Dimensional Global Real Estate ETF	7.61%	7.65%	1.89%	9.64%	-1.24%

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 8, 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.

REET vs. DFGR - Sectors Allocation Comparison

Sectors	REET	DFGR
Real Estate	99.8%	99.1%
Financial Services	0.2%	0.1%
Basic Materials	-	-
Communication Services	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	0.0%
Energy	-	0.0%
Healthcare	-	0.0%
Industrials	-	0.0%
Technology	-	0.1%
Utilities	-	0.0%

Return for Risk

REET vs. DFGR — Risk / Return Rank

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

REET

REET Risk / Return Rank: 28
REET Sharpe Ratio Rank: 27
REET Sortino Ratio Rank: 26
REET Omega Ratio Rank: 27
REET Calmar Ratio Rank: 28
REET Martin Ratio Rank: 32

DFGR

DFGR Risk / Return Rank: 24
DFGR Sharpe Ratio Rank: 24
DFGR Sortino Ratio Rank: 23
DFGR Omega Ratio Rank: 23
DFGR Calmar Ratio Rank: 24
DFGR Martin Ratio Rank: 28

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.

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.

	REET	DFGR	Difference
Sharpe ratio: Return per unit of total volatility	1.02	0.87	+0.15
Sortino ratio: Return per unit of downside risk	1.44	1.26	+0.18
Omega ratio: Gain probability vs. loss probability	1.18	1.16	+0.03
Calmar ratio: Return relative to maximum drawdown	1.36	1.13	+0.23
Martin ratio: Return relative to average drawdown	4.89	4.00	+0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REET vs. DFGR - Sharpe Ratio Comparison

The current REET Sharpe Ratio is 1.02, which is comparable to the DFGR Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of REET and DFGR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	REET	DFGR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	0.87	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.48	-0.23

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.

Drawdown Indicators

	REET	DFGR	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-2.83%	-2.76%	-0.07%
Average Drawdown Average peak-to-trough decline	-9.79%	-6.30%	-3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	2.58%	-0.07%

Volatility

REET vs. DFGR - Volatility Comparison

iShares Global REIT ETF (REET) and Dimensional Global Real Estate ETF (DFGR) have volatilities of 3.79% and 3.61%, 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.

Volatility by Period

	REET	DFGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.61%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	8.81%	8.75%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	11.86%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	15.42%	+1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.84%	15.42%	+3.42%

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 3.42%, less than DFGR's 3.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFGR Dimensional Global Real Estate ETF	3.95%	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	3.42%	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

Can I hold both REET and DFGR in my portfolio?

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.

Which is riskier, REET or DFGR?

REET has higher volatility (3.79%) compared to DFGR (3.61%). In terms of maximum drawdown, REET dropped -44.59% vs DFGR's -21.28%.

Which ETF is better, REET or DFGR?

On 3-year performance, REET leads with 9.19% vs 8.89% for DFGR. On fees, REET is cheaper at 0.14% per year. On volatility, DFGR has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, REET or DFGR?

Over the 3-year period, REET has performed better with a 9.19% return vs 8.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, REET or DFGR?

REET is cheaper with a 0.14% expense ratio, compared with 0.22% for DFGR.

Which ETF pays a higher dividend yield, REET or DFGR?

DFGR has the higher dividend yield at 3.95%, compared with 3.42% for REET.

What is the main difference between REET and DFGR?

They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.14% for REET and 0.22% for DFGR.

Which has better risk-adjusted returns?

REET currently has the higher Sharpe Ratio (1.02 vs 0.87), 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.