REZ vs. IAU
Compare and contrast key facts about iShares Residential Real Estate ETF (REZ) and iShares Gold Trust (IAU).
REZ and IAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REZ is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT All Residential Capped Index. It was launched on May 4, 2007. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005. Both REZ and IAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REZ or IAU.
Key characteristics
| REZ | IAU | |
|---|---|---|
| YTD Return | 21.53% | 29.90% |
| 1Y Return | 42.12% | 36.88% |
| 3Y Return (Ann) | 1.43% | 13.33% |
| 5Y Return (Ann) | 6.01% | 12.80% |
| 10Y Return (Ann) | 7.86% | 8.49% |
| Sharpe Ratio | 2.28 | 2.57 |
| Sortino Ratio | 3.22 | 3.40 |
| Omega Ratio | 1.39 | 1.45 |
| Calmar Ratio | 1.21 | 5.48 |
| Martin Ratio | 10.66 | 17.00 |
| Ulcer Index | 3.72% | 2.20% |
| Daily Std Dev | 17.39% | 14.53% |
| Max Drawdown | -66.84% | -45.14% |
| Current Drawdown | -4.54% | -3.70% |
Correlation
The correlation between REZ and IAU is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
REZ vs. IAU - Performance Comparison
In the year-to-date period, REZ achieves a 21.53% return, which is significantly lower than IAU's 29.90% return. Over the past 10 years, REZ has underperformed IAU with an annualized return of 7.86%, while IAU has yielded a comparatively higher 8.49% 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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REZ vs. IAU - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is higher than IAU's 0.25% expense ratio.
Risk-Adjusted Performance
REZ vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) and iShares Gold Trust (IAU). 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
REZ vs. IAU - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.18%, while IAU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 2.18% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.54% | 3.18% | 3.13% | 3.92% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
REZ vs. IAU - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.84%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for REZ and IAU. For additional features, visit the drawdowns tool.
Volatility
REZ vs. IAU - Volatility Comparison
iShares Residential Real Estate ETF (REZ) has a higher volatility of 5.76% compared to iShares Gold Trust (IAU) at 4.90%. This indicates that REZ's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.