RWO vs. ^GSPC
Compare and contrast key facts about SPDR Dow Jones Global Real Estate ETF (RWO) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RWO or ^GSPC.
Key characteristics
| RWO | ^GSPC | |
|---|---|---|
| YTD Return | -7.91% | 5.57% |
| 1Y Return | 0.04% | 20.82% |
| 3Y Return (Ann) | -4.07% | 6.41% |
| 5Y Return (Ann) | -0.76% | 11.56% |
| 10Y Return (Ann) | 2.27% | 10.37% |
| Sharpe Ratio | -0.04 | 1.78 |
| Daily Std Dev | 17.14% | 11.69% |
| Max Drawdown | -68.60% | -56.78% |
| Current Drawdown | -23.51% | -4.16% |
Correlation
The correlation between RWO and ^GSPC is 0.73, 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. ^GSPC - Performance Comparison
In the year-to-date period, RWO achieves a -7.91% return, which is significantly lower than ^GSPC's 5.57% return. Over the past 10 years, RWO has underperformed ^GSPC with an annualized return of 2.27%, while ^GSPC has yielded a comparatively higher 10.37% 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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Risk-Adjusted Performance
RWO vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate ETF (RWO) and S&P 500 (^GSPC). 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.
Drawdowns
RWO vs. ^GSPC - Drawdown Comparison
The maximum RWO drawdown since its inception was -68.60%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for RWO and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
RWO vs. ^GSPC - Volatility Comparison
SPDR Dow Jones Global Real Estate ETF (RWO) has a higher volatility of 5.40% compared to S&P 500 (^GSPC) at 3.95%. This indicates that RWO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.