RSPR vs. DFREX

Last updated Aug 2, 2026

RSPR (Invesco S&P 500 Equal Weight Real Estate ETF) and DFREX (DFA Real Estate Securities Portfolio Class I) are both REIT funds. Over the past 10 years, RSPR returned 5.63%/yr vs 5.23%/yr for DFREX. Their correlation of 0.90 means they have usually moved in the same direction. RSPR charges 0.40%/yr vs 0.18%/yr for DFREX.

Performance

RSPR vs. DFREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) and DFA Real Estate Securities Portfolio Class I (DFREX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPR achieves a 12.19% return, which is significantly lower than DFREX's 18.16% return. Over the past 10 years, RSPR has outperformed DFREX with an annualized return of 5.63%, while DFREX has yielded a comparatively lower 5.23% annualized return.

RSPR

• 1D: -0.04%
• 1M: 0.06%
• 6M: 9.67%
• YTD: 12.19%
• 1Y: 10.49%
• 3Y*: 8.06%
• 5Y*: 2.39%
• 10Y*: 5.63%
• ALL TIME*: 6.62%

DFREX

• 1D: -1.44%
• 1M: 1.35%
• 6M: 15.08%
• YTD: 18.16%
• 1Y: 19.81%
• 3Y*: 10.29%
• 5Y*: 3.33%
• 10Y*: 5.23%
• ALL TIME*: 9.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFREX DFA Real Estate Securities Portfolio Class I	$0.00	$0.00	$0.00
RSPR Invesco S&P 500 Equal Weight Real Estate ETF	$510.77K	$450.22K	$625.86K

RSPR vs. DFREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPR Invesco S&P 500 Equal Weight Real Estate ETF	12.19%	-1.88%	8.61%	11.59%	-25.16%	49.61%	-2.90%	24.62%	-4.11%	8.76%
DFREX DFA Real Estate Securities Portfolio Class I	18.16%	1.52%	5.52%	11.20%	-24.93%	41.88%	-5.03%	28.12%	-3.01%	4.25%

Correlation

The correlation between RSPR and DFREX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Aug 14, 2015	0.90

The correlation between RSPR and DFREX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

RSPR vs. DFREX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSPR

RSPR Risk / Return Rank: 30
RSPR Sharpe Ratio Rank: 29
RSPR Sortino Ratio Rank: 28
RSPR Omega Ratio Rank: 27
RSPR Calmar Ratio Rank: 34
RSPR Martin Ratio Rank: 31

DFREX

DFREX Risk / Return Rank: 53
DFREX Sharpe Ratio Rank: 50
DFREX Sortino Ratio Rank: 48
DFREX Omega Ratio Rank: 47
DFREX Calmar Ratio Rank: 67
DFREX Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSPR vs. DFREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) and DFA Real Estate Securities Portfolio Class I (DFREX). 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.

	RSPR	DFREX	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.30	-0.60
Sortino ratio: Return per unit of downside risk	1.06	1.85	-0.79
Omega ratio: Gain probability vs. loss probability	1.13	1.23	-0.10
Calmar ratio: Return relative to maximum drawdown	1.16	2.14	-0.98
Martin ratio: Return relative to average drawdown	2.94	7.17	-4.23

RSPR vs. DFREX - Sharpe Ratio Comparison

The current RSPR Sharpe Ratio is 0.70, which is lower than the DFREX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of RSPR and DFREX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSPR vs. DFREX - Drawdown Comparison

The maximum RSPR drawdown since its inception was -41.96%, smaller than the maximum DFREX drawdown of -74.36%. Use the drawdown chart below to compare losses from any high point for RSPR and DFREX.

Drawdown Indicators

	RSPR	DFREX	Difference
Max Drawdown Largest peak-to-trough decline	-41.96%	-74.36%	+32.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-8.40%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-17.78%	-17.64%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-33.03%	-33.11%	+0.08%
Max Drawdown (10Y) Largest decline over 10 years	-41.96%	-41.49%	-0.47%
Current Drawdown Current decline from peak	-2.06%	-1.71%	-0.35%
Average Drawdown Average peak-to-trough decline	-9.28%	-11.29%	+2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	2.59%	+0.84%

Volatility

RSPR vs. DFREX - Volatility Comparison

Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) and DFA Real Estate Securities Portfolio Class I (DFREX) have volatilities of 4.39% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPR	DFREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.43%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	11.05%	10.87%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	14.61%	13.86%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.15%	18.77%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.40%	20.35%	+1.05%

RSPR vs. DFREX - Expense Ratio Comparison

RSPR has a 0.40% expense ratio, which is higher than DFREX's 0.18% expense ratio.

Dividends

RSPR vs. DFREX - Dividend Comparison

RSPR's dividend yield for the trailing twelve months is around 2.80%, more than DFREX's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFREX DFA Real Estate Securities Portfolio Class I	2.73%	2.84%	2.97%	3.59%	6.24%	2.56%	3.36%	2.23%	4.88%	1.89%	2.83%	2.86%
RSPR Invesco S&P 500 Equal Weight Real Estate ETF	2.80%	2.70%	2.58%	2.91%	3.14%	2.56%	3.82%	2.48%	3.02%	3.01%	2.06%	1.03%

Frequently Asked Questions

Can I hold both RSPR and DFREX in my portfolio?

With a correlation of 0.92, RSPR and DFREX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RSPR or DFREX?

DFREX has higher volatility (4.43%) compared to RSPR (4.39%). In terms of maximum drawdown, RSPR dropped -41.96% vs DFREX's -74.36%.

Which has better risk-adjusted returns?

DFREX currently has the higher Sharpe Ratio (1.30 vs 0.70), 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.