TOK vs. USRT
Compare and contrast key facts about iShares MSCI Kokusai ETF (TOK) and iShares Core U.S. REIT ETF (USRT).
TOK and USRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOK is a passively managed fund by iShares that tracks the performance of the MSCI Kokusai Index. It was launched on Dec 10, 2007. USRT is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT Equity REITs Index. It was launched on May 4, 2007. Both TOK and USRT 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: TOK or USRT.
Key characteristics
| TOK | USRT | |
|---|---|---|
| YTD Return | 16.30% | 16.33% |
| 1Y Return | 24.61% | 25.91% |
| 3Y Return (Ann) | 7.76% | 3.85% |
| 5Y Return (Ann) | 12.87% | 6.10% |
| 10Y Return (Ann) | 10.27% | 7.44% |
| Sharpe Ratio | 2.09 | 1.52 |
| Daily Std Dev | 12.34% | 18.60% |
| Max Drawdown | -56.18% | -69.89% |
| Current Drawdown | -0.45% | -0.10% |
Correlation
The correlation between TOK and USRT is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TOK vs. USRT - Performance Comparison
The year-to-date returns for both investments are quite close, with TOK having a 16.30% return and USRT slightly higher at 16.33%. Over the past 10 years, TOK has outperformed USRT with an annualized return of 10.27%, while USRT has yielded a comparatively lower 7.44% 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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TOK vs. USRT - Expense Ratio Comparison
TOK has a 0.25% expense ratio, which is higher than USRT's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
TOK vs. USRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kokusai ETF (TOK) 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.
Dividends
TOK vs. USRT - Dividend Comparison
TOK's dividend yield for the trailing twelve months is around 1.74%, less than USRT's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOK iShares MSCI Kokusai ETF | 1.74% | 1.95% | 3.55% | 1.66% | 1.52% | 2.12% | 2.74% | 2.60% | 2.56% | 3.02% | 2.64% | 2.38% |
USRT iShares Core U.S. REIT ETF | 2.74% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% | 3.46% | 3.84% |
Drawdowns
TOK vs. USRT - Drawdown Comparison
The maximum TOK drawdown since its inception was -56.18%, smaller than the maximum USRT drawdown of -69.89%. Use the drawdown chart below to compare losses from any high point for TOK and USRT. For additional features, visit the drawdowns tool.
Volatility
TOK vs. USRT - Volatility Comparison
iShares MSCI Kokusai ETF (TOK) has a higher volatility of 4.12% compared to iShares Core U.S. REIT ETF (USRT) at 2.99%. This indicates that TOK's price experiences larger fluctuations and is considered to be riskier than USRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.