REM vs. GAL
Compare and contrast key facts about iShares Mortgage Real Estate ETF (REM) and SPDR SSgA Global Allocation ETF (GAL).
REM and GAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REM is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT All Mortgage Capped Index. It was launched on May 4, 2007. GAL is an actively managed fund by State Street. It was launched on Apr 25, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REM or GAL.
Key characteristics
| REM | GAL | |
|---|---|---|
| YTD Return | 3.04% | 12.04% |
| 1Y Return | 19.71% | 22.03% |
| 3Y Return (Ann) | -7.22% | 2.88% |
| 5Y Return (Ann) | -3.71% | 6.90% |
| 10Y Return (Ann) | 1.92% | 5.95% |
| Sharpe Ratio | 0.82 | 2.45 |
| Sortino Ratio | 1.22 | 3.56 |
| Omega Ratio | 1.15 | 1.45 |
| Calmar Ratio | 0.42 | 1.97 |
| Martin Ratio | 2.98 | 16.87 |
| Ulcer Index | 5.73% | 1.26% |
| Daily Std Dev | 20.68% | 8.70% |
| Max Drawdown | -74.72% | -28.31% |
| Current Drawdown | -28.54% | -0.42% |
Correlation
The correlation between REM and GAL is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
REM vs. GAL - Performance Comparison
In the year-to-date period, REM achieves a 3.04% return, which is significantly lower than GAL's 12.04% return. Over the past 10 years, REM has underperformed GAL with an annualized return of 1.92%, while GAL has yielded a comparatively higher 5.95% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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REM vs. GAL - Expense Ratio Comparison
REM has a 0.48% expense ratio, which is higher than GAL's 0.35% expense ratio.
Risk-Adjusted Performance
REM vs. GAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Mortgage Real Estate ETF (REM) and SPDR SSgA Global Allocation ETF (GAL). 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.
Dividends
REM vs. GAL - Dividend Comparison
REM's dividend yield for the trailing twelve months is around 9.33%, more than GAL's 2.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REM iShares Mortgage Real Estate ETF | 9.33% | 9.46% | 11.13% | 7.29% | 7.72% | 8.16% | 10.00% | 9.97% | 10.03% | 11.99% | 14.53% | 16.12% |
GAL SPDR SSgA Global Allocation ETF | 2.19% | 2.56% | 6.19% | 4.05% | 2.14% | 2.96% | 2.43% | 2.26% | 2.43% | 3.10% | 3.36% | 2.50% |
Drawdowns
REM vs. GAL - Drawdown Comparison
The maximum REM drawdown since its inception was -74.72%, which is greater than GAL's maximum drawdown of -28.31%. Use the drawdown chart below to compare losses from any high point for REM and GAL. For additional features, visit the drawdowns tool.
Volatility
REM vs. GAL - Volatility Comparison
iShares Mortgage Real Estate ETF (REM) has a higher volatility of 4.56% compared to SPDR SSgA Global Allocation ETF (GAL) at 2.40%. This indicates that REM's price experiences larger fluctuations and is considered to be riskier than GAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.