REZ vs. HOG
REZ (iShares Residential Real Estate ETF) is REIT fund tracking the FTSE NAREIT All Residential Capped Index, while HOG (Harley-Davidson, Inc.) is a stock. Over the past 10 years, REZ returned 6.37%/yr vs -3.87%/yr for HOG. At a 0.39 correlation, their price movements are largely independent.
Performance
REZ vs. HOG - Performance Comparison
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Returns By Period
In the year-to-date period, REZ achieves a 6.86% return, which is significantly lower than HOG's 19.60% return. Over the past 10 years, REZ has outperformed HOG with an annualized return of 6.37%, while HOG has yielded a comparatively lower -3.87% annualized return.
REZ
- 1D
- 0.48%
- 1M
- -1.45%
- YTD
- 6.86%
- 6M
- 3.65%
- 1Y
- 9.32%
- 3Y*
- 9.90%
- 5Y*
- 3.98%
- 10Y*
- 6.37%
HOG
- 1D
- -1.54%
- 1M
- 4.48%
- YTD
- 19.60%
- 6M
- 1.12%
- 1Y
- 1.54%
- 3Y*
- -7.57%
- 5Y*
- -10.95%
- 10Y*
- -3.87%
REZ vs. HOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 6.86% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
HOG Harley-Davidson, Inc. | 19.60% | -30.05% | -16.61% | -9.76% | 12.13% | 4.29% | 0.19% | 13.62% | -30.54% | -10.29% |
Correlation
The correlation between REZ and HOG is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 7, 2007 | 0.39 |
The correlation between REZ and HOG shifts across timeframes, from 0.26 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
REZ vs. HOG — Risk / Return Rank
REZ
HOG
REZ vs. HOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) and Harley-Davidson, Inc. (HOG). 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.
| REZ | HOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.04 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.04 | +1.03 |
| Martin ratioReturn relative to average drawdown | 3.27 | 0.07 | +3.20 |
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
| REZ | HOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.04 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.27 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | -0.09 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.31 | -0.07 |
Drawdowns
REZ vs. HOG - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, smaller than the maximum HOG drawdown of -88.26%. Use the drawdown chart below to compare losses from any high point for REZ and HOG.
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Drawdown Indicators
| REZ | HOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -88.26% | +21.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -43.24% | +34.48% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -58.74% | +40.35% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -64.11% | +29.06% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -73.28% | +29.13% |
Current DrawdownCurrent decline from peak | -4.21% | -56.06% | +51.85% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -24.41% | +11.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 22.95% | -20.09% |
Volatility
REZ vs. HOG - Volatility Comparison
The current volatility for iShares Residential Real Estate ETF (REZ) is 4.39%, while Harley-Davidson, Inc. (HOG) has a volatility of 15.11%. This indicates that REZ experiences smaller price fluctuations and is considered to be less risky than HOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REZ | HOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 15.11% | -10.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 27.68% | -17.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.32% | 40.70% | -26.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 40.39% | -21.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 43.02% | -21.50% |
Dividends
REZ vs. HOG - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.15%, less than HOG's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOG Harley-Davidson, Inc. | 2.26% | 3.51% | 2.29% | 1.79% | 1.51% | 1.59% | 1.20% | 4.03% | 4.34% | 2.87% | 2.40% | 2.73% |
REZ iShares Residential Real Estate ETF | 2.15% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Frequently Asked Questions
REZ and HOG have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOG has higher volatility (15.11%) compared to REZ (4.39%). In terms of maximum drawdown, REZ dropped -66.87% vs HOG's -88.26%.
REZ currently has the higher Sharpe Ratio (0.66 vs 0.04), 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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