ROOF vs. XLRE
Compare and contrast key facts about IQ US Real Estate Small Cap ETF (ROOF) and Real Estate Select Sector SPDR Fund (XLRE).
ROOF and XLRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROOF is a passively managed fund by New York Life that tracks the performance of the IQ US Real Estate Small Cap Index. It was launched on Jun 14, 2011. XLRE is a passively managed fund by State Street that tracks the performance of the Real Estate Select Sector Index. It was launched on Oct 7, 2015. Both ROOF and XLRE 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: ROOF or XLRE.
Key characteristics
| ROOF | XLRE | |
|---|---|---|
| YTD Return | -9.02% | -8.44% |
| 1Y Return | 0.45% | 3.54% |
| 3Y Return (Ann) | -6.54% | -1.77% |
| 5Y Return (Ann) | -2.05% | 3.63% |
| Sharpe Ratio | -0.00 | 0.15 |
| Daily Std Dev | 18.13% | 18.58% |
| Max Drawdown | -50.43% | -38.83% |
| Current Drawdown | -27.67% | -24.12% |
Correlation
The correlation between ROOF and XLRE is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ROOF vs. XLRE - Performance Comparison
In the year-to-date period, ROOF achieves a -9.02% return, which is significantly lower than XLRE's -8.44% 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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ROOF vs. XLRE - Expense Ratio Comparison
ROOF has a 0.70% expense ratio, which is higher than XLRE's 0.13% expense ratio.
Risk-Adjusted Performance
ROOF vs. XLRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ US Real Estate Small Cap ETF (ROOF) and Real Estate Select Sector SPDR Fund (XLRE). 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
ROOF vs. XLRE - Dividend Comparison
ROOF's dividend yield for the trailing twelve months is around 2.92%, less than XLRE's 3.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROOF IQ US Real Estate Small Cap ETF | 2.92% | 2.78% | 4.39% | 3.61% | 4.01% | 5.67% | 6.81% | 5.56% | 5.84% | 5.68% | 5.31% | 7.41% |
XLRE Real Estate Select Sector SPDR Fund | 3.66% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% | 0.00% | 0.00% |
Drawdowns
ROOF vs. XLRE - Drawdown Comparison
The maximum ROOF drawdown since its inception was -50.43%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for ROOF and XLRE. For additional features, visit the drawdowns tool.
Volatility
ROOF vs. XLRE - Volatility Comparison
The current volatility for IQ US Real Estate Small Cap ETF (ROOF) is 5.42%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 6.49%. This indicates that ROOF experiences smaller price fluctuations and is considered to be less risky than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.