SRET vs. EZA
SRET (Global X SuperDividend REIT ETF) and EZA (iShares MSCI South Africa ETF) are both exchange-traded funds - SRET is a REIT fund tracking the Solactive Global SuperDividend REIT Index, while EZA is a Emerging Markets Equities fund tracking the MSCI South Africa Index. Both are passively managed. Over the past 10 years, SRET returned 1.19%/yr vs 7.44%/yr for EZA. At a 0.45 correlation, their price movements are largely independent. SRET charges 0.58%/yr vs 0.59%/yr for EZA.
Performance
SRET vs. EZA - Performance Comparison
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Returns By Period
In the year-to-date period, SRET achieves a 6.56% return, which is significantly higher than EZA's -7.64% return. Over the past 10 years, SRET has underperformed EZA with an annualized return of 1.19%, while EZA has yielded a comparatively higher 7.44% annualized return.
SRET
- 1D
- 0.55%
- 1M
- 0.39%
- YTD
- 6.56%
- 6M
- 6.91%
- 1Y
- 15.46%
- 3Y*
- 11.53%
- 5Y*
- 1.79%
- 10Y*
- 1.19%
EZA
- 1D
- -2.74%
- 1M
- -5.60%
- YTD
- -7.64%
- 6M
- -9.12%
- 1Y
- 25.36%
- 3Y*
- 23.33%
- 5Y*
- 9.54%
- 10Y*
- 7.44%
SRET vs. EZA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRET Global X SuperDividend REIT ETF | 6.56% | 18.09% | -1.55% | 9.85% | -18.24% | 14.00% | -36.63% | 22.77% | -5.52% | 17.80% |
EZA iShares MSCI South Africa ETF | -7.64% | 75.20% | 7.16% | 1.51% | -5.18% | 7.91% | -5.19% | 9.83% | -25.24% | 36.03% |
Correlation
The correlation between SRET and EZA is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2015 | 0.45 |
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Return for Risk
SRET vs. EZA — Risk / Return Rank
SRET
EZA
SRET vs. EZA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X SuperDividend REIT ETF (SRET) and iShares MSCI South Africa ETF (EZA). 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.
| SRET | EZA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.09 | +0.54 |
| Martin ratioReturn relative to average drawdown | 6.74 | 2.71 | +4.03 |
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Drawdowns
SRET vs. EZA - Drawdown Comparison
The maximum SRET drawdown since its inception was -66.98%, roughly equal to the maximum EZA drawdown of -64.64%. Use the drawdown chart below to compare losses from any high point for SRET and EZA.
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Drawdown Indicators
| SRET | EZA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.98% | -64.64% | -2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -23.31% | +13.83% |
Max Drawdown (3Y)Largest decline over 3 years | -18.87% | -23.31% | +4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -34.94% | +5.51% |
Max Drawdown (10Y)Largest decline over 10 years | -66.98% | -62.25% | -4.73% |
Current DrawdownCurrent decline from peak | -22.17% | -22.13% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -22.48% | -16.92% | -5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 9.39% | -7.09% |
Volatility
SRET vs. EZA - Volatility Comparison
The current volatility for Global X SuperDividend REIT ETF (SRET) is 3.78%, while iShares MSCI South Africa ETF (EZA) has a volatility of 11.36%. This indicates that SRET experiences smaller price fluctuations and is considered to be less risky than EZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRET | EZA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 11.36% | -7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 27.46% | -18.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.51% | 32.18% | -20.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 28.92% | -12.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 31.28% | -6.69% |
SRET vs. EZA - Expense Ratio Comparison
SRET has a 0.58% expense ratio, which is lower than EZA's 0.59% expense ratio.
Dividends
SRET vs. EZA - Dividend Comparison
SRET's dividend yield for the trailing twelve months is around 7.91%, less than EZA's 8.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZA iShares MSCI South Africa ETF | 8.11% | 6.16% | 7.26% | 2.84% | 3.90% | 2.05% | 5.51% | 12.27% | 3.81% | 1.55% | 4.10% | 3.03% |
SRET Global X SuperDividend REIT ETF | 7.91% | 7.98% | 8.72% | 7.21% | 8.30% | 6.33% | 8.88% | 7.83% | 8.54% | 8.20% | 8.08% | 7.74% |
Frequently Asked Questions
SRET and EZA have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EZA has higher volatility (11.36%) compared to SRET (3.78%). In terms of maximum drawdown, SRET dropped -66.98% vs EZA's -64.64%.
On 10-year performance, EZA leads with 7.44% vs 1.19% for SRET. On fees, SRET is cheaper at 0.58% per year. On volatility, SRET has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EZA has performed better with a 7.44% return vs 1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRET is cheaper with a 0.58% expense ratio, compared with 0.59% for EZA.
EZA has the higher dividend yield at 8.11%, compared with 7.91% for SRET.
SRET is categorized as REIT, while EZA is Emerging Markets Equities. SRET tracks Solactive Global SuperDividend REIT Index, while EZA tracks MSCI South Africa Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.58% for SRET and 0.59% for EZA.
SRET currently has the higher Sharpe Ratio (1.35 vs 0.79), 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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