REZ vs. UDR
REZ (iShares Residential Real Estate ETF) is REIT fund tracking the FTSE NAREIT All Residential Capped Index, while UDR (UDR, Inc.) is a stock. Over the past 10 years, REZ returned 6.81%/yr vs 4.73%/yr for UDR. Their correlation of 0.85 suggests significant overlap in exposure.
Performance
REZ vs. UDR - Performance Comparison
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Returns By Period
In the year-to-date period, REZ achieves a 11.57% return, which is significantly higher than UDR's 6.92% return. Over the past 10 years, REZ has outperformed UDR with an annualized return of 6.81%, while UDR has yielded a comparatively lower 4.73% annualized return.
REZ
- 1D
- 1.85%
- 1M
- 0.19%
- YTD
- 11.57%
- 6M
- 12.05%
- 1Y
- 12.95%
- 3Y*
- 12.29%
- 5Y*
- 4.34%
- 10Y*
- 6.81%
UDR
- 1D
- 1.43%
- 1M
- 0.71%
- YTD
- 6.92%
- 6M
- 8.79%
- 1Y
- -3.09%
- 3Y*
- 2.77%
- 5Y*
- -1.25%
- 10Y*
- 4.73%
REZ vs. UDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 11.57% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
UDR UDR, Inc. | 6.92% | -11.75% | 18.29% | 3.12% | -33.44% | 61.12% | -14.54% | 21.48% | 6.40% | 9.11% |
Correlation
The correlation between REZ and UDR is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 4, 2007 | 0.85 |
The correlation between REZ and UDR shifts across timeframes, from 0.75 (1 year) to 0.86 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
REZ vs. UDR — Risk / Return Rank
REZ
UDR
REZ vs. UDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) and UDR, Inc. (UDR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| REZ | UDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.99 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | -0.17 | +1.66 |
| Martin ratioReturn relative to average drawdown | 4.49 | -0.31 | +4.80 |
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Drawdowns
REZ vs. UDR - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, smaller than the maximum UDR drawdown of -74.67%. Use the drawdown chart below to compare losses from any high point for REZ and UDR.
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Drawdown Indicators
| REZ | UDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -74.67% | +7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -17.90% | +9.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -26.80% | +8.41% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -44.44% | +9.39% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -44.44% | +0.29% |
Current DrawdownCurrent decline from peak | -0.64% | -24.40% | +23.76% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -11.91% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 9.85% | -6.96% |
Volatility
REZ vs. UDR - Volatility Comparison
The current volatility for iShares Residential Real Estate ETF (REZ) is 6.03%, while UDR, Inc. (UDR) has a volatility of 6.77%. This indicates that REZ experiences smaller price fluctuations and is considered to be less risky than UDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REZ | UDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 6.77% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 15.15% | -3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 20.05% | -4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 23.03% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 25.41% | -3.83% |
Dividends
REZ vs. UDR - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.06%, less than UDR's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 2.06% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
UDR UDR, Inc. | 4.51% | 4.68% | 3.90% | 4.28% | 3.88% | 2.41% | 3.70% | 2.89% | 3.22% | 3.18% | 3.19% | 2.91% |
Frequently Asked Questions
REZ and UDR have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UDR has higher volatility (6.77%) compared to REZ (6.03%). In terms of maximum drawdown, REZ dropped -66.87% vs UDR's -74.67%.
REZ currently has the higher Sharpe Ratio (0.87 vs -0.15), 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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