RWR vs. O
RWR (SPDR Dow Jones REIT ETF) is REIT fund tracking the Dow Jones U.S. Select REIT Index, while O (Realty Income Corporation) is a stock. Over the past 10 years, RWR returned 5.15%/yr vs 4.58%/yr for O. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
RWR vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, RWR achieves a 11.08% return, which is significantly higher than O's 8.26% return. Over the past 10 years, RWR has outperformed O with an annualized return of 5.15%, while O has yielded a comparatively lower 4.58% annualized return.
RWR
- 1D
- 0.27%
- 1M
- -0.13%
- YTD
- 11.08%
- 6M
- 9.50%
- 1Y
- 15.44%
- 3Y*
- 11.00%
- 5Y*
- 4.15%
- 10Y*
- 5.15%
O
- 1D
- -0.32%
- 1M
- -5.46%
- YTD
- 8.26%
- 6M
- 5.55%
- 1Y
- 12.57%
- 3Y*
- 5.73%
- 5Y*
- 2.47%
- 10Y*
- 4.58%
RWR vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWR SPDR Dow Jones REIT ETF | 11.08% | 3.20% | 7.74% | 13.76% | -26.09% | 45.47% | -11.40% | 22.71% | -4.47% | 3.47% |
O Realty Income Corporation | 8.26% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between RWR and O is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2001 | 0.76 |
The correlation between RWR and O has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.
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Return for Risk
RWR vs. O — Risk / Return Rank
RWR
O
RWR vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones REIT ETF (RWR) and Realty Income Corporation (O). 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.
| RWR | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.14 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.14 | +0.79 |
| Martin ratioReturn relative to average drawdown | 6.55 | 2.88 | +3.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RWR | O | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.79 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.13 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.18 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.48 | -0.17 |
Drawdowns
RWR vs. O - Drawdown Comparison
The maximum RWR drawdown since its inception was -74.92%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for RWR and O.
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Drawdown Indicators
| RWR | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.92% | -48.45% | -26.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -11.10% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -26.49% | +7.64% |
Max Drawdown (5Y)Largest decline over 5 years | -32.58% | -34.48% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -44.39% | -48.28% | +3.89% |
Current DrawdownCurrent decline from peak | -3.09% | -10.44% | +7.35% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -9.21% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 4.37% | -2.01% |
Volatility
RWR vs. O - Volatility Comparison
The current volatility for SPDR Dow Jones REIT ETF (RWR) is 4.09%, while Realty Income Corporation (O) has a volatility of 5.48%. This indicates that RWR experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWR | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 5.48% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 11.72% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 15.95% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 18.87% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 25.63% | -4.12% |
Dividends
RWR vs. O - Dividend Comparison
RWR's dividend yield for the trailing twelve months is around 3.44%, less than O's 5.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.42% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
RWR SPDR Dow Jones REIT ETF | 3.44% | 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
RWR and O have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.48%) compared to RWR (4.09%). In terms of maximum drawdown, RWR dropped -74.92% vs O's -48.45%.
RWR currently has the higher Sharpe Ratio (1.16 vs 0.79), 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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