REZ vs. SPLG
Compare and contrast key facts about iShares Residential Real Estate ETF (REZ) and SPDR Portfolio S&P 500 ETF (SPLG).
REZ and SPLG 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. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both REZ and SPLG 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 SPLG.
Key characteristics
| REZ | SPLG | |
|---|---|---|
| YTD Return | 19.70% | 27.25% |
| 1Y Return | 39.88% | 37.79% |
| 3Y Return (Ann) | 0.69% | 10.35% |
| 5Y Return (Ann) | 5.46% | 16.08% |
| 10Y Return (Ann) | 7.79% | 13.49% |
| Sharpe Ratio | 2.22 | 3.27 |
| Sortino Ratio | 3.17 | 4.34 |
| Omega Ratio | 1.38 | 1.62 |
| Calmar Ratio | 1.17 | 4.74 |
| Martin Ratio | 10.31 | 21.54 |
| Ulcer Index | 3.73% | 1.86% |
| Daily Std Dev | 17.32% | 12.17% |
| Max Drawdown | -66.84% | -54.50% |
| Current Drawdown | -5.98% | 0.00% |
Correlation
The correlation between REZ and SPLG is 0.50, 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
REZ vs. SPLG - Performance Comparison
In the year-to-date period, REZ achieves a 19.70% return, which is significantly lower than SPLG's 27.25% return. Over the past 10 years, REZ has underperformed SPLG with an annualized return of 7.79%, while SPLG has yielded a comparatively higher 13.49% 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. SPLG - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
REZ vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) and SPDR Portfolio S&P 500 ETF (SPLG). 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. SPLG - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.21%, more than SPLG's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 2.21% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.54% | 3.18% | 3.13% | 3.92% |
SPLG SPDR Portfolio S&P 500 ETF | 1.23% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
REZ vs. SPLG - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.84%, which is greater than SPLG's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for REZ and SPLG. For additional features, visit the drawdowns tool.
Volatility
REZ vs. SPLG - Volatility Comparison
iShares Residential Real Estate ETF (REZ) has a higher volatility of 5.82% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.88%. This indicates that REZ's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.