RLY vs. ASET

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR SSgA Multi-Asset Real Return ETF (RLY) and FlexShares Real Assets Allocation Index Fund (ASET).

RLY and ASET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RLY is an actively managed fund by State Street. It was launched on Apr 25, 2012. ASET is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Real Assets Allocation Total Return. It was launched on Nov 23, 2015.

Performance

RLY vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSgA Multi-Asset Real Return ETF (RLY) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

RLY vs. ASET - Yearly Performance Comparison

	2026 (YTD)
RLY SPDR SSgA Multi-Asset Real Return ETF	5.19%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

Returns By Period

RLY

• 1D: -0.14%
• 1M: -0.48%
• YTD: 14.90%
• 6M: 19.17%
• 1Y: 30.37%
• 3Y*: 13.06%
• 5Y*: 12.01%
• 10Y*: 8.81%

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RLY vs. ASET - Expense Ratio Comparison

RLY has a 0.50% expense ratio, which is lower than ASET's 0.57% expense ratio.

ASET

FlexShares Real Assets Allocation Index Fund

RLY

SPDR SSgA Multi-Asset Real Return ETF

Return for Risk

RLY vs. ASET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RLY

RLY Risk / Return Rank: 94
RLY Sharpe Ratio Rank: 94
RLY Sortino Ratio Rank: 94
RLY Omega Ratio Rank: 95
RLY Calmar Ratio Rank: 90
RLY Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RLY vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Multi-Asset Real Return ETF (RLY) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

	RLY	ASET	Difference
Sharpe ratio Return per unit of total volatility	2.31	—	—
Sortino ratio Return per unit of downside risk	3.01	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	3.10	—	—
Martin ratio Return relative to average drawdown	18.32	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RLY	ASET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	—	—

Dividends

RLY vs. ASET - Dividend Comparison

RLY's dividend yield for the trailing twelve months is around 2.92%, while ASET has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RLY SPDR SSgA Multi-Asset Real Return ETF	2.92%	3.24%	3.31%	3.71%	5.66%	12.15%	2.16%	3.45%	2.76%	1.85%	2.07%	1.80%
ASET FlexShares Real Assets Allocation Index Fund	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

RLY vs. ASET - Drawdown Comparison

The maximum RLY drawdown since its inception was -37.75%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for RLY and ASET.

Drawdown Indicators

	RLY	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-37.75%	0.00%	-37.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.17%	—	—
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-9.56%	0.00%	-9.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	—	—

Volatility

Volatility by Period

	RLY	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	0.00%	+13.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.60%	0.00%	+13.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.82%	0.00%	+13.82%