RWR vs. IQRA

Last updated Aug 3, 2026

RWR (State Street SPDR Dow Jones REIT ETF) and IQRA (IQ CBRE Real Assets ETF) are both REIT funds. RWR is passively managed, while IQRA is actively managed. Over the past 3 years, RWR returned 11.91%/yr vs 10.61%/yr for IQRA. Their correlation of 0.87 means they have usually moved in the same direction. RWR charges 0.25%/yr vs 0.65%/yr for IQRA.

Performance

RWR vs. IQRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Dow Jones REIT ETF (RWR) and IQ CBRE Real Assets ETF (IQRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWR achieves a 19.80% return, which is significantly higher than IQRA's 10.58% return.

RWR

• 1D: -0.40%
• 1M: 0.66%
• 6M: 16.61%
• YTD: 19.80%
• 1Y: 26.30%
• 3Y*: 11.91%
• 5Y*: 4.74%
• 10Y*: 5.04%
• ALL TIME*: 8.88%

IQRA

• 1D: -0.39%
• 1M: 0.61%
• 6M: 7.07%
• YTD: 10.58%
• 1Y: 15.50%
• 3Y*: 10.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQRA IQ CBRE Real Assets ETF	$2.55K	$1.67K	$1.07K
RWR State Street SPDR Dow Jones REIT ETF	$43.72M	$37.86M	$34.73M

RWR vs. IQRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RWR State Street SPDR Dow Jones REIT ETF	19.80%	3.20%	7.74%	10.56%
IQRA IQ CBRE Real Assets ETF	10.58%	12.42%	5.58%	2.80%

Correlation

The correlation between RWR and IQRA is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (All Time) Calculated using the full available price history since May 10, 2023	0.87

The correlation between RWR and IQRA has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

Return for Risk

RWR vs. IQRA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RWR

RWR Risk / Return Rank: 81
RWR Sharpe Ratio Rank: 80
RWR Sortino Ratio Rank: 79
RWR Omega Ratio Rank: 77
RWR Calmar Ratio Rank: 85
RWR Martin Ratio Rank: 84

IQRA

IQRA Risk / Return Rank: 58
IQRA Sharpe Ratio Rank: 62
IQRA Sortino Ratio Rank: 58
IQRA Omega Ratio Rank: 60
IQRA Calmar Ratio Rank: 56
IQRA Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RWR vs. IQRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Dow Jones REIT ETF (RWR) and IQ CBRE Real Assets ETF (IQRA). 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.

	RWR	IQRA	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.46	+0.38
Sortino ratio: Return per unit of downside risk	2.56	2.00	+0.56
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	3.21	1.98	+1.24
Martin ratio: Return relative to average drawdown	11.41	6.42	+4.99

RWR vs. IQRA - Sharpe Ratio Comparison

The current RWR Sharpe Ratio is 1.84, which is comparable to the IQRA Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of RWR and IQRA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RWR vs. IQRA - Drawdown Comparison

The maximum RWR drawdown since its inception was -74.92%, which is greater than IQRA's maximum drawdown of -15.70%. Use the drawdown chart below to compare losses from any high point for RWR and IQRA.

Drawdown Indicators

	RWR	IQRA	Difference
Max Drawdown Largest peak-to-trough decline	-74.92%	-15.70%	-59.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-8.01%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-18.85%	-12.59%	-6.26%
Max Drawdown (5Y) Largest decline over 5 years	-32.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.39%	—	—
Current Drawdown Current decline from peak	-2.72%	-1.88%	-0.84%
Average Drawdown Average peak-to-trough decline	-13.03%	-3.09%	-9.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.46%	-0.20%

Volatility

RWR vs. IQRA - Volatility Comparison

State Street SPDR Dow Jones REIT ETF (RWR) has a higher volatility of 4.99% compared to IQ CBRE Real Assets ETF (IQRA) at 2.83%. This indicates that RWR's price experiences larger fluctuations and is considered to be riskier than IQRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWR	IQRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	2.83%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	8.93%	+2.06%
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	10.86%	+3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.05%	12.77%	+6.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	12.77%	+8.80%

RWR vs. IQRA - Expense Ratio Comparison

RWR has a 0.25% expense ratio, which is lower than IQRA's 0.65% expense ratio.

Dividends

RWR vs. IQRA - Dividend Comparison

RWR's dividend yield for the trailing twelve months is around 3.26%, more than IQRA's 2.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQRA IQ CBRE Real Assets ETF	2.64%	2.83%	3.53%	2.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RWR State Street SPDR Dow Jones REIT ETF	3.26%	3.78%	3.76%	3.75%	3.81%	2.79%	3.73%	3.36%	4.19%	3.05%	4.39%	3.17%

Frequently Asked Questions

Can I hold both RWR and IQRA in my portfolio?

RWR and IQRA have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWR or IQRA?

RWR has higher volatility (4.99%) compared to IQRA (2.83%). In terms of maximum drawdown, RWR dropped -74.92% vs IQRA's -15.70%.

Which ETF is better, RWR or IQRA?

On 3-year performance, RWR leads with 11.91% vs 10.61% for IQRA. On fees, RWR is cheaper at 0.25% per year. On volatility, IQRA has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RWR or IQRA?

Over the 3-year period, RWR has performed better with a 11.91% return vs 10.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RWR or IQRA?

RWR is cheaper with a 0.25% expense ratio, compared with 0.65% for IQRA.

Which ETF pays a higher dividend yield, RWR or IQRA?

RWR has the higher dividend yield at 3.26%, compared with 2.64% for IQRA.

What is the main difference between RWR and IQRA?

They also come from different issuers: State Street and IndexIQ. Their fees differ too: 0.25% for RWR and 0.65% for IQRA.

Which has better risk-adjusted returns?

RWR currently has the higher Sharpe Ratio (1.84 vs 1.46), 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.