RWX vs. IFGL
RWX (SPDR DJ Wilshire International Real Estate ETF) and IFGL (iShares International Developed Real Estate ETF) are both REIT funds - RWX tracks the Dow Jones Global ex-U.S. Real Estate Securities Index while IFGL tracks the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index. Both are passively managed. Over the past 10 years, RWX returned 0.78%/yr vs 1.53%/yr for IFGL. Their correlation of 0.91 means they have usually moved in the same direction. RWX charges 0.59%/yr vs 0.48%/yr for IFGL.
Performance
RWX vs. IFGL - Performance Comparison
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Returns By Period
In the year-to-date period, RWX achieves a 2.13% return, which is significantly higher than IFGL's 1.92% return. Over the past 10 years, RWX has underperformed IFGL with an annualized return of 0.78%, while IFGL has yielded a comparatively higher 1.53% annualized return.
RWX
- 1D
- -1.39%
- 1M
- 2.71%
- 6M
- -1.76%
- YTD
- 2.13%
- 1Y
- 8.86%
- 3Y*
- 6.65%
- 5Y*
- -1.79%
- 10Y*
- 0.78%
- ALL TIME*
- 0.89%
IFGL
- 1D
- -1.04%
- 1M
- 2.75%
- 6M
- -2.69%
- YTD
- 1.92%
- 1Y
- 8.22%
- 3Y*
- 7.92%
- 5Y*
- -1.93%
- 10Y*
- 1.53%
- ALL TIME*
- 0.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $243.44K | $230.79K | $223.33K | |
| $513.06K | $1.21M | $1.11M |
RWX vs. IFGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWX SPDR DJ Wilshire International Real Estate ETF | 2.13% | 26.24% | -12.15% | 6.25% | -21.84% | 9.34% | -9.03% | 19.88% | -8.25% | 15.50% |
IFGL iShares International Developed Real Estate ETF | 1.92% | 24.31% | -7.25% | 5.40% | -24.21% | 8.29% | -7.62% | 20.65% | -6.39% | 20.00% |
Correlation
The correlation between RWX and IFGL is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007 | 0.91 |
The correlation between RWX and IFGL has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
RWX vs. IFGL — Risk / Return Rank
RWX
IFGL
RWX vs. IFGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DJ Wilshire International Real Estate ETF (RWX) and iShares International Developed Real Estate ETF (IFGL). 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.
| RWX | IFGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.12 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.63 | +0.09 |
| Martin ratioReturn relative to average drawdown | 1.69 | 1.47 | +0.22 |
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Drawdowns
RWX vs. IFGL - Drawdown Comparison
The maximum RWX drawdown since its inception was -73.62%, which is greater than IFGL's maximum drawdown of -68.93%. Use the drawdown chart below to compare losses from any high point for RWX and IFGL.
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Drawdown Indicators
| RWX | IFGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.62% | -68.93% | -4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.58% | -14.38% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -18.77% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -35.91% | -38.00% | +2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -43.37% | -40.38% | -2.99% |
Current DrawdownCurrent decline from peak | -9.93% | -11.37% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -17.28% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 6.18% | -0.38% |
Volatility
RWX vs. IFGL - Volatility Comparison
SPDR DJ Wilshire International Real Estate ETF (RWX) and iShares International Developed Real Estate ETF (IFGL) have volatilities of 3.69% and 3.67%, 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.
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Volatility by Period
| RWX | IFGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 3.67% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 12.21% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.78% | 14.13% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 16.39% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 16.41% | -0.16% |
RWX vs. IFGL - Expense Ratio Comparison
RWX has a 0.59% expense ratio, which is higher than IFGL's 0.48% expense ratio.
Dividends
RWX vs. IFGL - Dividend Comparison
RWX's dividend yield for the trailing twelve months is around 3.83%, less than IFGL's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFGL iShares International Developed Real Estate ETF | 4.03% | 3.71% | 4.83% | 1.82% | 2.79% | 3.25% | 2.17% | 7.60% | 4.10% | 4.90% | 7.68% | 3.70% |
RWX SPDR DJ Wilshire International Real Estate ETF | 3.83% | 3.65% | 4.32% | 3.90% | 4.05% | 4.62% | 2.92% | 8.94% | 5.28% | 2.77% | 8.74% | 2.94% |
Frequently Asked Questions
With a correlation of 0.93, RWX and IFGL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RWX has higher volatility (3.69%) compared to IFGL (3.67%). In terms of maximum drawdown, RWX dropped -73.62% vs IFGL's -68.93%.
On 10-year performance, IFGL leads with 1.53% vs 0.78% for RWX. On fees, IFGL is cheaper at 0.48% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IFGL has performed better with a 1.53% return vs 0.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFGL is cheaper with a 0.48% expense ratio, compared with 0.59% for RWX.
IFGL has the higher dividend yield at 4.03%, compared with 3.83% for RWX.
RWX tracks Dow Jones Global ex-U.S. Real Estate Securities Index, while IFGL tracks FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.59% for RWX and 0.48% for IFGL.
RWX currently has the higher Sharpe Ratio (0.71 vs 0.65), 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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