SPYJ.DE vs. USRT
SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) and USRT (iShares Core U.S. REIT ETF) are both REIT funds - SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities while USRT tracks the FTSE NAREIT Equity REITs Index. Both are passively managed. Over the past 10 years, SPYJ.DE returned 3.00%/yr vs 6.29%/yr for USRT. A 0.59 correlation means they provide meaningful diversification when combined. SPYJ.DE charges 0.40%/yr vs 0.08%/yr for USRT.
Performance
SPYJ.DE vs. USRT - Performance Comparison
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Different Trading Currencies
SPYJ.DE is traded in EUR, while USRT is traded in USD. To make them comparable, the USRT values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYJ.DE achieves a 8.14% return, which is significantly lower than USRT's 17.37% return. Over the past 10 years, SPYJ.DE has underperformed USRT with an annualized return of 3.00%, while USRT has yielded a comparatively higher 6.29% annualized return.
SPYJ.DE
- 1D
- 0.05%
- 1M
- -0.54%
- YTD
- 8.14%
- 6M
- 7.27%
- 1Y
- 10.19%
- 3Y*
- 5.92%
- 5Y*
- 2.31%
- 10Y*
- 3.00%
USRT
- 1D
- 1.69%
- 1M
- 2.13%
- YTD
- 17.37%
- 6M
- 15.78%
- 1Y
- 17.30%
- 3Y*
- 9.48%
- 5Y*
- 6.35%
- 10Y*
- 6.29%
SPYJ.DE vs. USRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 7.77% | -20.64% | 41.31% | -18.77% | 23.49% | -0.95% | -3.79% |
USRT iShares Core U.S. REIT ETF | 17.37% | -9.72% | 15.75% | 10.23% | -19.75% | 53.98% | -15.64% | 28.82% | -0.20% | -7.67% |
Correlation
The correlation between SPYJ.DE and USRT is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.59 |
The correlation between SPYJ.DE and USRT has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
SPYJ.DE vs. USRT — Risk / Return Rank
SPYJ.DE
USRT
SPYJ.DE vs. USRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) and iShares Core U.S. REIT ETF (USRT). 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.
| SPYJ.DE | USRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.64 | -1.18 |
| Martin ratioReturn relative to average drawdown | 4.40 | 6.34 | -1.95 |
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
| SPYJ.DE | USRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.30 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.35 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.29 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.26 | +0.07 |
Drawdowns
SPYJ.DE vs. USRT - Drawdown Comparison
The maximum SPYJ.DE drawdown since its inception was -42.92%, smaller than the maximum USRT drawdown of -65.71%. Use the drawdown chart below to compare losses from any high point for SPYJ.DE and USRT.
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Drawdown Indicators
| SPYJ.DE | USRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -65.71% | +22.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -6.59% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -21.62% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -29.01% | -1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -42.92% | -43.86% | +0.94% |
Current DrawdownCurrent decline from peak | -7.72% | -0.43% | -7.29% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -13.87% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.73% | -0.42% |
Volatility
SPYJ.DE vs. USRT - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) is 3.15%, while iShares Core U.S. REIT ETF (USRT) has a volatility of 3.83%. This indicates that SPYJ.DE experiences smaller price fluctuations and is considered to be less risky than USRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYJ.DE | USRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 3.83% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 9.42% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 13.34% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 18.37% | -3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 21.52% | -4.56% |
SPYJ.DE vs. USRT - Expense Ratio Comparison
SPYJ.DE has a 0.40% expense ratio, which is higher than USRT's 0.08% expense ratio.
Dividends
SPYJ.DE vs. USRT - Dividend Comparison
SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%, less than USRT's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 2.57% | 2.80% | 2.70% | 2.67% | 2.91% | 1.76% | 2.70% | 3.16% | 4.36% | 4.02% | 2.53% | 2.10% |
USRT iShares Core U.S. REIT ETF | 2.62% | 3.07% | 2.85% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% |
Frequently Asked Questions
SPYJ.DE and USRT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USRT is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USRT is cheaper with a 0.08% expense ratio, compared with 0.40% for SPYJ.DE.
SPYJ.DE tracks Dow Jones Global Select Real Estate Securities, while USRT tracks FTSE NAREIT Equity REITs Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for SPYJ.DE and 0.08% for USRT.
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