RWX vs. VNQI
Compare and contrast key facts about SPDR DJ Wilshire International Real Estate ETF (RWX) and Vanguard Global ex-U.S. Real Estate ETF (VNQI).
RWX and VNQI 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. VNQI is a passively managed fund by Vanguard that tracks the performance of the S&P Global ex-U.S. Property Index. It was launched on Nov 1, 2010. Both RWX and VNQI 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 VNQI.
Key characteristics
| RWX | VNQI | |
|---|---|---|
| YTD Return | -7.90% | 0.09% |
| 1Y Return | 6.02% | 13.84% |
| 3Y Return (Ann) | -8.69% | -6.67% |
| 5Y Return (Ann) | -4.65% | -3.09% |
| 10Y Return (Ann) | -0.84% | 1.00% |
| Sharpe Ratio | 0.40 | 0.91 |
| Sortino Ratio | 0.68 | 1.40 |
| Omega Ratio | 1.08 | 1.17 |
| Calmar Ratio | 0.19 | 0.44 |
| Martin Ratio | 1.00 | 3.58 |
| Ulcer Index | 5.98% | 3.83% |
| Daily Std Dev | 15.03% | 15.03% |
| Max Drawdown | -73.57% | -38.35% |
| Current Drawdown | -26.72% | -21.97% |
Correlation
The correlation between RWX and VNQI is 0.93, 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. VNQI - Performance Comparison
In the year-to-date period, RWX achieves a -7.90% return, which is significantly lower than VNQI's 0.09% return. Over the past 10 years, RWX has underperformed VNQI with an annualized return of -0.84%, while VNQI has yielded a comparatively higher 1.00% 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. VNQI - Expense Ratio Comparison
RWX has a 0.59% expense ratio, which is higher than VNQI's 0.12% expense ratio.
Risk-Adjusted Performance
RWX vs. VNQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DJ Wilshire International Real Estate ETF (RWX) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). 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. VNQI - Dividend Comparison
RWX's dividend yield for the trailing twelve months is around 3.72%, which matches VNQI's 3.73% 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% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 3.73% | 3.74% | 0.57% | 6.48% | 0.93% | 7.57% | 4.62% | 3.86% | 5.18% | 2.86% | 4.11% | 3.27% |
Drawdowns
RWX vs. VNQI - Drawdown Comparison
The maximum RWX drawdown since its inception was -73.57%, which is greater than VNQI's maximum drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for RWX and VNQI. For additional features, visit the drawdowns tool.
Volatility
RWX vs. VNQI - Volatility Comparison
The current volatility for SPDR DJ Wilshire International Real Estate ETF (RWX) is 4.13%, while Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a volatility of 4.35%. This indicates that RWX experiences smaller price fluctuations and is considered to be less risky than VNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.