RWO vs. QDIV
RWO (SPDR Dow Jones Global Real Estate ETF) and QDIV (Global X S&P 500 Quality Dividend ETF) are both exchange-traded funds - RWO is a REIT fund tracking the Dow Jones Global Select Real Estate Securities Index, while QDIV is a Dividend fund tracking the S&P 500 Quality High Dividend Index. Both are passively managed. Over the past 5 years, RWO returned 2.73%/yr vs 7.69%/yr for QDIV. A 0.65 correlation means they provide meaningful diversification when combined. RWO charges 0.50%/yr vs 0.20%/yr for QDIV.
Performance
RWO vs. QDIV - Performance Comparison
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Returns By Period
In the year-to-date period, RWO achieves a 15.38% return, which is significantly higher than QDIV's 12.29% return.
RWO
- 1D
- -0.58%
- 1M
- 5.52%
- 6M
- 10.45%
- YTD
- 15.38%
- 1Y
- 20.37%
- 3Y*
- 9.96%
- 5Y*
- 2.73%
- 10Y*
- 3.52%
- ALL TIME*
- 4.10%
QDIV
- 1D
- -0.41%
- 1M
- 4.52%
- 6M
- 7.40%
- YTD
- 12.29%
- 1Y
- 15.20%
- 3Y*
- 9.15%
- 5Y*
- 7.69%
- 10Y*
- —
- ALL TIME*
- 8.77%
RWO vs. QDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 15.38% | 8.87% | 1.76% | 10.91% | -25.11% | 31.03% | -10.44% | 21.17% | -6.32% |
QDIV Global X S&P 500 Quality Dividend ETF | 12.29% | 3.16% | 10.62% | 5.18% | -0.50% | 28.99% | 0.03% | 29.00% | -12.20% |
Correlation
The correlation between RWO and QDIV is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2018 | 0.65 |
The correlation between RWO and QDIV has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
RWO vs. QDIV — Risk / Return Rank
RWO
QDIV
RWO vs. QDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate ETF (RWO) and Global X S&P 500 Quality Dividend ETF (QDIV). 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 | QDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.91 | +0.24 |
| Martin ratioReturn relative to average drawdown | 8.31 | 4.75 | +3.56 |
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Drawdowns
RWO vs. QDIV - Drawdown Comparison
The maximum RWO drawdown since its inception was -67.69%, which is greater than QDIV's maximum drawdown of -41.20%. Use the drawdown chart below to compare losses from any high point for RWO and QDIV.
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Drawdown Indicators
| RWO | QDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.69% | -41.20% | -26.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -7.97% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -16.81% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -32.85% | -18.52% | -14.33% |
Max Drawdown (10Y)Largest decline over 10 years | -43.27% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.65% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -5.49% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.21% | -0.75% |
Volatility
RWO vs. QDIV - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate ETF (RWO) is 4.00%, while Global X S&P 500 Quality Dividend ETF (QDIV) has a volatility of 4.56%. This indicates that RWO experiences smaller price fluctuations and is considered to be less risky than QDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWO | QDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 4.56% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 8.67% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.26% | 12.29% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 15.27% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 19.36% | -1.15% |
RWO vs. QDIV - Expense Ratio Comparison
RWO has a 0.50% expense ratio, which is higher than QDIV's 0.20% expense ratio.
Dividends
RWO vs. QDIV - Dividend Comparison
RWO's dividend yield for the trailing twelve months is around 3.13%, more than QDIV's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDIV Global X S&P 500 Quality Dividend ETF | 2.90% | 3.13% | 2.88% | 3.26% | 3.02% | 2.44% | 3.06% | 2.84% | 1.30% | 0.00% | 0.00% | 0.00% |
RWO SPDR Dow Jones Global Real Estate ETF | 3.13% | 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
RWO and QDIV have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QDIV has higher volatility (4.56%) compared to RWO (4.00%). In terms of maximum drawdown, RWO dropped -67.69% vs QDIV's -41.20%.
On 5-year performance, QDIV leads with 7.69% vs 2.73% for RWO. On fees, QDIV is cheaper at 0.20% per year. On volatility, RWO has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QDIV has performed better with a 7.69% return vs 2.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QDIV is cheaper with a 0.20% expense ratio, compared with 0.50% for RWO.
RWO has the higher dividend yield at 3.13%, compared with 2.90% for QDIV.
RWO is categorized as REIT, while QDIV is Dividend. RWO tracks Dow Jones Global Select Real Estate Securities Index, while QDIV tracks S&P 500 Quality High Dividend Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.50% for RWO and 0.20% for QDIV.
RWO currently has the higher Sharpe Ratio (1.55 vs 1.24), 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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