RWX vs. RWO
Compare and contrast key facts about SPDR DJ Wilshire International Real Estate ETF (RWX) and SPDR Dow Jones Global Real Estate ETF (RWO).
RWX and RWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RWX is a passively managed fund by State Street that tracks the performance of the Dow Jones Global ex-U.S. Real Estate Securities Index. It was launched on Dec 15, 2006. 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. Both RWX and RWO 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: RWX or RWO.
Key characteristics
| RWX | RWO | |
|---|---|---|
| YTD Return | -7.90% | 6.01% |
| 1Y Return | 6.02% | 24.77% |
| 3Y Return (Ann) | -8.69% | -2.97% |
| 5Y Return (Ann) | -4.65% | 0.93% |
| 10Y Return (Ann) | -0.84% | 3.10% |
| Sharpe Ratio | 0.40 | 1.53 |
| Sortino Ratio | 0.68 | 2.27 |
| Omega Ratio | 1.08 | 1.28 |
| Calmar Ratio | 0.19 | 0.81 |
| Martin Ratio | 1.00 | 5.78 |
| Ulcer Index | 5.98% | 4.11% |
| Daily Std Dev | 15.03% | 15.53% |
| Max Drawdown | -73.57% | -68.60% |
| Current Drawdown | -26.72% | -11.95% |
Correlation
The correlation between RWX and RWO is 0.80, 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
RWX vs. RWO - Performance Comparison
In the year-to-date period, RWX achieves a -7.90% return, which is significantly lower than RWO's 6.01% return. Over the past 10 years, RWX has underperformed RWO with an annualized return of -0.84%, while RWO has yielded a comparatively higher 3.10% 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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RWX vs. RWO - Expense Ratio Comparison
RWX has a 0.59% expense ratio, which is higher than RWO's 0.50% expense ratio.
Risk-Adjusted Performance
RWX vs. RWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DJ Wilshire International Real Estate ETF (RWX) and SPDR Dow Jones Global Real Estate ETF (RWO). 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
RWX vs. RWO - Dividend Comparison
RWX's dividend yield for the trailing twelve months is around 3.72%, more than RWO's 3.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWX SPDR DJ Wilshire International Real Estate ETF | 3.72% | 3.90% | 4.05% | 4.62% | 2.92% | 8.94% | 5.28% | 2.77% | 8.74% | 2.94% | 3.43% | 4.54% |
RWO SPDR Dow Jones Global Real Estate ETF | 3.42% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% | 3.08% | 3.77% |
Drawdowns
RWX vs. RWO - Drawdown Comparison
The maximum RWX drawdown since its inception was -73.57%, which is greater than RWO's maximum drawdown of -68.60%. Use the drawdown chart below to compare losses from any high point for RWX and RWO. For additional features, visit the drawdowns tool.
Volatility
RWX vs. RWO - Volatility Comparison
The current volatility for SPDR DJ Wilshire International Real Estate ETF (RWX) is 4.13%, while SPDR Dow Jones Global Real Estate ETF (RWO) has a volatility of 4.51%. This indicates that RWX experiences smaller price fluctuations and is considered to be less risky than RWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.