RWO vs. GQRE
Compare and contrast key facts about SPDR Dow Jones Global Real Estate ETF (RWO) and FlexShares Global Quality Real Estate Index Fund (GQRE).
RWO and GQRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RWO is a passively managed fund by State Street that tracks the performance of the Dow Jones Global Select Real Estate Securities Index. It was launched on May 13, 2008. GQRE is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Global Quality Real Estate (NR). It was launched on Nov 6, 2013. Both RWO and GQRE 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: RWO or GQRE.
Performance
RWO vs. GQRE - Performance Comparison
Returns By Period
In the year-to-date period, RWO achieves a 6.20% return, which is significantly lower than GQRE's 9.83% return. Over the past 10 years, RWO has underperformed GQRE with an annualized return of 3.06%, while GQRE has yielded a comparatively higher 3.72% annualized return.
RWO
6.20%
-1.82%
10.49%
18.97%
1.01%
3.06%
GQRE
9.83%
-1.43%
11.43%
21.54%
1.29%
3.72%
Key characteristics
| RWO | GQRE | |
|---|---|---|
| Sharpe Ratio | 1.24 | 1.46 |
| Sortino Ratio | 1.80 | 2.10 |
| Omega Ratio | 1.22 | 1.26 |
| Calmar Ratio | 0.70 | 0.73 |
| Martin Ratio | 4.32 | 7.06 |
| Ulcer Index | 4.21% | 2.92% |
| Daily Std Dev | 14.68% | 14.11% |
| Max Drawdown | -68.60% | -41.87% |
| Current Drawdown | -11.80% | -12.71% |
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RWO vs. GQRE - Expense Ratio Comparison
RWO has a 0.50% expense ratio, which is higher than GQRE's 0.45% expense ratio.
Correlation
The correlation between RWO and GQRE is 0.93, 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.
Risk-Adjusted Performance
RWO vs. GQRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate ETF (RWO) 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.
Dividends
RWO vs. GQRE - Dividend Comparison
RWO's dividend yield for the trailing twelve months is around 3.41%, more than GQRE's 2.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 3.41% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% | 3.08% | 3.77% |
GQRE FlexShares Global Quality Real Estate Index Fund | 2.33% | 2.90% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% | 2.57% | 0.39% |
Drawdowns
RWO vs. GQRE - Drawdown Comparison
The maximum RWO drawdown since its inception was -68.60%, which is greater than GQRE's maximum drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for RWO and GQRE. For additional features, visit the drawdowns tool.
Volatility
RWO vs. GQRE - Volatility Comparison
SPDR Dow Jones Global Real Estate ETF (RWO) and FlexShares Global Quality Real Estate Index Fund (GQRE) have volatilities of 3.99% and 3.82%, 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.