RWO vs. VNQ
Compare and contrast key facts about SPDR Dow Jones Global Real Estate ETF (RWO) and Vanguard Real Estate ETF (VNQ).
RWO and VNQ 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. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004. Both RWO and VNQ 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 VNQ.
Key characteristics
| RWO | VNQ | |
|---|---|---|
| YTD Return | -6.48% | -7.57% |
| 1Y Return | 0.81% | 1.35% |
| 3Y Return (Ann) | -3.58% | -2.99% |
| 5Y Return (Ann) | -0.46% | 2.36% |
| 10Y Return (Ann) | 2.43% | 5.15% |
| Sharpe Ratio | 0.12 | 0.14 |
| Daily Std Dev | 17.11% | 18.83% |
| Max Drawdown | -68.60% | -73.07% |
| Current Drawdown | -22.33% | -23.75% |
Correlation
The correlation between RWO and VNQ is 0.90, 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. VNQ - Performance Comparison
In the year-to-date period, RWO achieves a -6.48% return, which is significantly higher than VNQ's -7.57% return. Over the past 10 years, RWO has underperformed VNQ with an annualized return of 2.43%, while VNQ has yielded a comparatively higher 5.15% annualized return. 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. VNQ - Expense Ratio Comparison
RWO has a 0.50% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
RWO vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate ETF (RWO) and Vanguard Real Estate ETF (VNQ). 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. VNQ - Dividend Comparison
RWO's dividend yield for the trailing twelve months is around 3.74%, less than VNQ's 4.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 3.74% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% | 3.08% | 3.77% |
VNQ Vanguard Real Estate ETF | 4.27% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
RWO vs. VNQ - Drawdown Comparison
The maximum RWO drawdown since its inception was -68.60%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for RWO and VNQ. For additional features, visit the drawdowns tool.
Volatility
RWO vs. VNQ - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate ETF (RWO) is 5.37%, while Vanguard Real Estate ETF (VNQ) has a volatility of 5.99%. This indicates that RWO experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.