RWO vs. REET
Compare and contrast key facts about SPDR Dow Jones Global Real Estate ETF (RWO) and iShares Global REIT ETF (REET).
RWO and REET 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. REET is a passively managed fund by iShares that tracks the performance of the FTSE EPRA/NAREIT Global REIT Index. It was launched on Jul 8, 2014. Both RWO and REET 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 REET.
Key characteristics
| RWO | REET | |
|---|---|---|
| YTD Return | -5.54% | -5.67% |
| 1Y Return | 3.01% | 2.18% |
| 3Y Return (Ann) | -3.16% | -2.94% |
| 5Y Return (Ann) | -0.42% | 0.16% |
| Sharpe Ratio | 0.23 | 0.17 |
| Daily Std Dev | 17.19% | 17.11% |
| Max Drawdown | -68.60% | -44.59% |
| Current Drawdown | -21.55% | -21.04% |
Correlation
The correlation between RWO and REET is 0.97, 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.
Performance
RWO vs. REET - Performance Comparison
The year-to-date returns for both stocks are quite close, with RWO having a -5.54% return and REET slightly lower at -5.67%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RWO vs. REET - Expense Ratio Comparison
RWO has a 0.50% expense ratio, which is higher than REET's 0.14% expense ratio.
Risk-Adjusted Performance
RWO vs. REET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate ETF (RWO) and iShares Global REIT ETF (REET). 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. REET - Dividend Comparison
RWO's dividend yield for the trailing twelve months is around 3.71%, more than REET's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 3.71% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% | 3.08% | 3.77% |
REET iShares Global REIT ETF | 3.40% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.30% | 3.56% | 2.11% | 0.00% |
Drawdowns
RWO vs. REET - Drawdown Comparison
The maximum RWO drawdown since its inception was -68.60%, which is greater than REET's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for RWO and REET. For additional features, visit the drawdowns tool.
Volatility
RWO vs. REET - Volatility Comparison
SPDR Dow Jones Global Real Estate ETF (RWO) and iShares Global REIT ETF (REET) have volatilities of 5.72% and 5.63%, 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.