RWO vs. ERET
RWO (SPDR Dow Jones Global Real Estate ETF) and ERET (Ishares Environmentally Aware Real Estate ETF) are both REIT funds - RWO tracks the Dow Jones Global Select Real Estate Securities Index while ERET tracks the FTSE EPRA Nareit Developed Green Target Index. Both are passively managed. Over the past 3 years, RWO returned 9.66%/yr vs 8.65%/yr for ERET. With a 0.96 correlation, they move nearly in lockstep. RWO charges 0.50%/yr vs 0.30%/yr for ERET.
Performance
RWO vs. ERET - Performance Comparison
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Returns By Period
In the year-to-date period, RWO achieves a 13.78% return, which is significantly higher than ERET's 10.47% return.
RWO
- 1D
- 0.36%
- 1M
- 2.12%
- 6M
- 10.57%
- YTD
- 13.78%
- 1Y
- 19.44%
- 3Y*
- 9.66%
- 5Y*
- 2.54%
- 10Y*
- 3.54%
ERET
- 1D
- 0.16%
- 1M
- 1.14%
- 6M
- 7.73%
- YTD
- 10.47%
- 1Y
- 15.09%
- 3Y*
- 8.65%
- 5Y*
- —
- 10Y*
- —
RWO vs. ERET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 13.78% | 8.87% | 1.76% | 10.91% | -0.78% |
ERET Ishares Environmentally Aware Real Estate ETF | 10.47% | 10.26% | 0.60% | 10.25% | 0.29% |
Correlation
The correlation between RWO and ERET is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2022 | 0.96 |
The correlation between RWO and ERET has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
RWO vs. ERET — Risk / Return Rank
RWO
ERET
RWO vs. ERET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate ETF (RWO) and Ishares Environmentally Aware Real Estate ETF (ERET). 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.
| RWO | ERET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.45 | +0.60 |
| Martin ratioReturn relative to average drawdown | 7.93 | 5.32 | +2.61 |
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Drawdowns
RWO vs. ERET - Drawdown Comparison
The maximum RWO drawdown since its inception was -67.69%, which is greater than ERET's maximum drawdown of -20.30%. Use the drawdown chart below to compare losses from any high point for RWO and ERET.
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Drawdown Indicators
| RWO | ERET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.69% | -20.30% | -47.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -10.47% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -17.61% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -32.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.27% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -0.59% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -5.70% | -6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.84% | -0.38% |
Volatility
RWO vs. ERET - Volatility Comparison
SPDR Dow Jones Global Real Estate ETF (RWO) has a higher volatility of 4.39% compared to Ishares Environmentally Aware Real Estate ETF (ERET) at 3.89%. This indicates that RWO's price experiences larger fluctuations and is considered to be riskier than ERET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWO | ERET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 3.89% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 10.03% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 12.42% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 15.70% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 15.70% | +2.49% |
RWO vs. ERET - Expense Ratio Comparison
RWO has a 0.50% expense ratio, which is higher than ERET's 0.30% expense ratio.
Dividends
RWO vs. ERET - Dividend Comparison
RWO's dividend yield for the trailing twelve months is around 3.18%, less than ERET's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERET Ishares Environmentally Aware Real Estate ETF | 3.29% | 3.79% | 4.26% | 3.67% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RWO SPDR Dow Jones Global Real Estate ETF | 3.18% | 3.62% | 3.68% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% |
Frequently Asked Questions
With a correlation of 0.95, RWO and ERET 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.
RWO has higher volatility (4.39%) compared to ERET (3.89%). In terms of maximum drawdown, RWO dropped -67.69% vs ERET's -20.30%.
On 3-year performance, RWO leads with 9.66% vs 8.65% for ERET. On fees, ERET is cheaper at 0.30% per year. On volatility, ERET has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RWO has performed better with a 9.66% return vs 8.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ERET is cheaper with a 0.30% expense ratio, compared with 0.50% for RWO.
ERET has the higher dividend yield at 3.29%, compared with 3.18% for RWO.
RWO tracks Dow Jones Global Select Real Estate Securities Index, while ERET tracks FTSE EPRA Nareit Developed Green Target Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for RWO and 0.30% for ERET.
RWO currently has the higher Sharpe Ratio (1.49 vs 1.23), 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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