RSPR vs. GQRE
RSPR (Invesco S&P 500 Equal Weight Real Estate ETF) and GQRE (FlexShares Global Quality Real Estate Index Fund) are both REIT funds - RSPR tracks the S&P 500 Equal Weighted / Real Estate - SEC while GQRE tracks the Northern Trust Global Quality Real Estate (NR). Both are passively managed. Over the past 10 years, RSPR returned 5.71%/yr vs 3.68%/yr for GQRE. Their correlation of 0.84 suggests significant overlap in exposure. RSPR charges 0.40%/yr vs 0.45%/yr for GQRE.
Performance
RSPR vs. GQRE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RSPR having a 11.24% return and GQRE slightly lower at 10.81%. Over the past 10 years, RSPR has outperformed GQRE with an annualized return of 5.71%, while GQRE has yielded a comparatively lower 3.68% annualized return.
RSPR
- 1D
- 0.17%
- 1M
- -1.07%
- 6M
- 10.58%
- YTD
- 11.24%
- 1Y
- 7.22%
- 3Y*
- 7.35%
- 5Y*
- 2.39%
- 10Y*
- 5.71%
GQRE
- 1D
- -0.07%
- 1M
- 0.04%
- 6M
- 8.27%
- YTD
- 10.81%
- 1Y
- 13.30%
- 3Y*
- 9.61%
- 5Y*
- 2.16%
- 10Y*
- 3.68%
RSPR vs. GQRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPR Invesco S&P 500 Equal Weight Real Estate ETF | 11.24% | -1.88% | 8.61% | 11.59% | -25.16% | 49.61% | -2.90% | 24.62% | -4.11% | 8.76% |
GQRE FlexShares Global Quality Real Estate Index Fund | 10.81% | 8.27% | 6.09% | 9.21% | -27.22% | 32.01% | -9.17% | 21.84% | -8.88% | 13.60% |
Correlation
The correlation between RSPR and GQRE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2015 | 0.84 |
The correlation between RSPR and GQRE has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
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Return for Risk
RSPR vs. GQRE — Risk / Return Rank
RSPR
GQRE
RSPR vs. GQRE - 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 FlexShares Global Quality Real Estate Index Fund (GQRE). 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 | GQRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.20 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.32 | -0.48 |
| Martin ratioReturn relative to average drawdown | 1.82 | 4.95 | -3.13 |
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Drawdowns
RSPR vs. GQRE - Drawdown Comparison
The maximum RSPR drawdown since its inception was -41.96%, roughly equal to the maximum GQRE drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for RSPR and GQRE.
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Drawdown Indicators
| RSPR | GQRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.96% | -41.87% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -10.15% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -16.17% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -33.03% | -35.08% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -41.96% | -41.87% | -0.09% |
Current DrawdownCurrent decline from peak | -1.94% | -0.68% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -9.17% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.69% | +1.28% |
Volatility
RSPR vs. GQRE - Volatility Comparison
Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) has a higher volatility of 4.98% compared to FlexShares Global Quality Real Estate Index Fund (GQRE) at 3.63%. This indicates that RSPR's price experiences larger fluctuations and is considered to be riskier than GQRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPR | GQRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 3.63% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 9.40% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.74% | 11.91% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.16% | 16.45% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 17.63% | +3.76% |
RSPR vs. GQRE - Expense Ratio Comparison
RSPR has a 0.40% expense ratio, which is lower than GQRE's 0.45% expense ratio.
Dividends
RSPR vs. GQRE - Dividend Comparison
RSPR's dividend yield for the trailing twelve months is around 2.83%, less than GQRE's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 4.24% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
RSPR Invesco S&P 500 Equal Weight Real Estate ETF | 2.83% | 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
RSPR and GQRE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPR has higher volatility (4.98%) compared to GQRE (3.63%). In terms of maximum drawdown, RSPR dropped -41.96% vs GQRE's -41.87%.
On 10-year performance, RSPR leads with 5.71% vs 3.68% for GQRE. On fees, RSPR is cheaper at 0.40% per year. On volatility, GQRE has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RSPR has performed better with a 5.71% return vs 3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPR is cheaper with a 0.40% expense ratio, compared with 0.45% for GQRE.
GQRE has the higher dividend yield at 4.24%, compared with 2.83% for RSPR.
RSPR tracks S&P 500 Equal Weighted / Real Estate - SEC, while GQRE tracks Northern Trust Global Quality Real Estate (NR). They also come from different issuers: Invesco and Northern Trust. Their fees differ too: 0.40% for RSPR and 0.45% for GQRE.
GQRE currently has the higher Sharpe Ratio (1.12 vs 0.49), 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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