SPRE vs. ^DWRSF

Last updated Jun 3, 2026

SPRE (SP Funds S&P Global REIT Sharia ETF) is REIT fund tracking the S&P Global All Equity REIT Shariah Capped Index, while ^DWRSF (Dow Jones U.S. Select Real Estate Securities Index) is an index. Over the past 5 years, SPRE returned 1.62%/yr vs 0.71%/yr for ^DWRSF. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

SPRE vs. ^DWRSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global REIT Sharia ETF (SPRE) and Dow Jones U.S. Select Real Estate Securities Index (^DWRSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPRE achieves a 7.88% return, which is significantly lower than ^DWRSF's 10.43% return.

SPRE

• 1D: 0.73%
• 1M: -1.70%
• YTD: 7.88%
• 6M: 8.62%
• 1Y: 10.66%
• 3Y*: 6.67%
• 5Y*: 1.62%
• 10Y*: —

^DWRSF

• 1D: 0.56%
• 1M: -1.67%
• YTD: 10.43%
• 6M: 8.32%
• 1Y: 10.92%
• 3Y*: 7.22%
• 5Y*: 0.71%
• 10Y*: —

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

SPRE vs. ^DWRSF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPRE SP Funds S&P Global REIT Sharia ETF	7.88%	3.07%	2.11%	9.40%	-29.48%	44.78%	0.73%
^DWRSF Dow Jones U.S. Select Real Estate Securities Index	10.43%	-0.33%	3.98%	9.40%	-28.59%	41.64%	0.87%

Correlation

The correlation between SPRE and ^DWRSF is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 31, 2020	0.90

The correlation between SPRE and ^DWRSF has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

SPRE vs. ^DWRSF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPRE

SPRE Risk / Return Rank: 24
SPRE Sharpe Ratio Rank: 23
SPRE Sortino Ratio Rank: 22
SPRE Omega Ratio Rank: 22
SPRE Calmar Ratio Rank: 24
SPRE Martin Ratio Rank: 27

^DWRSF

^DWRSF Risk / Return Rank: 40
^DWRSF Sharpe Ratio Rank: 38
^DWRSF Sortino Ratio Rank: 37
^DWRSF Omega Ratio Rank: 38
^DWRSF Calmar Ratio Rank: 43
^DWRSF Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPRE vs. ^DWRSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) and Dow Jones U.S. Select Real Estate Securities Index (^DWRSF). 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.

	SPRE	^DWRSF	Difference
Sharpe ratio Return per unit of total volatility	0.81	0.82	-0.01
Sortino ratio Return per unit of downside risk	1.19	1.18	0.00
Omega ratio Gain probability vs. loss probability	1.15	1.15	0.00
Calmar ratio Return relative to maximum drawdown	1.15	1.38	-0.24
Martin ratio Return relative to average drawdown	3.91	4.35	-0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPRE vs. ^DWRSF - Sharpe Ratio Comparison

The current SPRE Sharpe Ratio is 0.81, which is comparable to the ^DWRSF Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of SPRE and ^DWRSF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPRE	^DWRSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	0.82	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.04	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.15	+0.11

Drawdowns

SPRE vs. ^DWRSF - Drawdown Comparison

The maximum SPRE drawdown since its inception was -38.34%, smaller than the maximum ^DWRSF drawdown of -44.52%. Use the drawdown chart below to compare losses from any high point for SPRE and ^DWRSF.

Drawdown Indicators

	SPRE	^DWRSF	Difference
Max Drawdown Largest peak-to-trough decline	-38.34%	-44.52%	+6.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-8.03%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	-19.95%	-2.09%
Max Drawdown (5Y) Largest decline over 5 years	-38.34%	-36.72%	-1.62%
Current Drawdown Current decline from peak	-12.42%	-10.60%	-1.82%
Average Drawdown Average peak-to-trough decline	-17.93%	-15.08%	-2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.55%	+0.28%

Volatility

SPRE vs. ^DWRSF - Volatility Comparison

The current volatility for SP Funds S&P Global REIT Sharia ETF (SPRE) is 3.87%, while Dow Jones U.S. Select Real Estate Securities Index (^DWRSF) has a volatility of 4.17%. This indicates that SPRE experiences smaller price fluctuations and is considered to be less risky than ^DWRSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPRE	^DWRSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	4.17%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	9.48%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	13.37%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.74%	19.08%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.42%	23.06%	-4.64%

Frequently Asked Questions

Can I hold both SPRE and ^DWRSF in my portfolio?

SPRE and ^DWRSF have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPRE or ^DWRSF?

^DWRSF has higher volatility (4.17%) compared to SPRE (3.87%). In terms of maximum drawdown, SPRE dropped -38.34% vs ^DWRSF's -44.52%.

Which has better risk-adjusted returns?

^DWRSF currently has the higher Sharpe Ratio (0.82 vs 0.81), 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.