TRREX vs. USXF
TRREX (T. Rowe Price Real Estate Fund) and USXF (iShares ESG Advanced MSCI USA ETF) are both funds - TRREX is a REIT fund managed by T. Rowe Price, while USXF is a Large Cap Growth Equities fund tracking the MSCI USA Choice ESG Screened Index. Over the past 5 years, TRREX returned 2.46%/yr vs 15.70%/yr for USXF. A 0.52 correlation means they provide meaningful diversification when combined. TRREX charges 0.77%/yr vs 0.10%/yr for USXF.
Performance
TRREX vs. USXF - Performance Comparison
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Returns By Period
In the year-to-date period, TRREX achieves a 9.55% return, which is significantly lower than USXF's 20.76% return.
TRREX
- 1D
- 0.34%
- 1M
- -0.60%
- YTD
- 9.55%
- 6M
- 8.43%
- 1Y
- 9.37%
- 3Y*
- 8.19%
- 5Y*
- 2.46%
- 10Y*
- 5.53%
USXF
- 1D
- -0.51%
- 1M
- 10.32%
- YTD
- 20.76%
- 6M
- 21.06%
- 1Y
- 35.21%
- 3Y*
- 27.38%
- 5Y*
- 15.70%
- 10Y*
- —
TRREX vs. USXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRREX T. Rowe Price Real Estate Fund | 9.55% | -0.04% | 3.54% | 13.00% | -26.08% | 47.34% | 8.36% |
USXF iShares ESG Advanced MSCI USA ETF | 20.76% | 16.97% | 26.16% | 31.65% | -21.20% | 27.14% | 24.04% |
Correlation
The correlation between TRREX and USXF is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020 | 0.52 |
Over the past year, the correlation between TRREX and USXF has dropped to 0.20 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
TRREX vs. USXF — Risk / Return Rank
TRREX
USXF
TRREX vs. USXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Real Estate Fund (TRREX) and iShares ESG Advanced MSCI USA ETF (USXF). 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.
| TRREX | USXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.38 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.47 | -2.36 |
| Martin ratioReturn relative to average drawdown | 3.42 | 13.97 | -10.56 |
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
| TRREX | USXF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 2.20 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.81 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 1.03 | -0.70 |
Drawdowns
TRREX vs. USXF - Drawdown Comparison
The maximum TRREX drawdown since its inception was -75.30%, which is greater than USXF's maximum drawdown of -29.54%. Use the drawdown chart below to compare losses from any high point for TRREX and USXF.
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Drawdown Indicators
| TRREX | USXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -29.54% | -45.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -10.19% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -18.10% | -20.93% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -33.21% | -29.54% | -3.67% |
Max Drawdown (10Y)Largest decline over 10 years | -42.28% | — | — |
Current DrawdownCurrent decline from peak | -6.07% | -0.51% | -5.56% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -6.42% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.53% | +0.05% |
Volatility
TRREX vs. USXF - Volatility Comparison
The current volatility for T. Rowe Price Real Estate Fund (TRREX) is 3.76%, while iShares ESG Advanced MSCI USA ETF (USXF) has a volatility of 5.41%. This indicates that TRREX experiences smaller price fluctuations and is considered to be less risky than USXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRREX | USXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 5.41% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 12.82% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 16.13% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 19.55% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.86% | 19.18% | +2.68% |
TRREX vs. USXF - Expense Ratio Comparison
TRREX has a 0.77% expense ratio, which is higher than USXF's 0.10% expense ratio.
Dividends
TRREX vs. USXF - Dividend Comparison
TRREX's dividend yield for the trailing twelve months is around 6.68%, more than USXF's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRREX T. Rowe Price Real Estate Fund | 6.68% | 7.15% | 9.44% | 11.63% | 25.52% | 15.42% | 41.93% | 32.33% | 5.73% | 2.61% | 2.28% | 2.26% |
USXF iShares ESG Advanced MSCI USA ETF | 0.80% | 0.93% | 1.00% | 1.21% | 1.39% | 0.86% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRREX and USXF have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USXF has higher volatility (5.41%) compared to TRREX (3.76%). In terms of maximum drawdown, TRREX dropped -75.30% vs USXF's -29.54%.
USXF currently has the higher Sharpe Ratio (2.20 vs 0.66), 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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