TRREX vs. USXF

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Real Estate Fund (TRREX) and iShares ESG Advanced MSCI USA ETF (USXF).

TRREX is managed by T. Rowe Price. It was launched on Oct 31, 1997. USXF is a passively managed fund by iShares that tracks the performance of the MSCI USA Choice ESG Screened Index. It was launched on Jun 16, 2020.

Performance

TRREX vs. USXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Real Estate Fund (TRREX) and iShares ESG Advanced MSCI USA ETF (USXF). The values are adjusted to include any dividend payments, if applicable.

TRREX vs. USXF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TRREX T. Rowe Price Real Estate Fund	2.51%	4.32%	3.54%	13.00%	-26.08%	47.34%	8.36%
USXF iShares ESG Advanced MSCI USA ETF	-3.09%	16.97%	26.16%	31.65%	-21.20%	27.14%	24.04%

Returns By Period

In the year-to-date period, TRREX achieves a 2.51% return, which is significantly higher than USXF's -3.09% return.

TRREX

• 1D: 1.49%
• 1M: -6.24%
• YTD: 2.51%
• 6M: 4.60%
• 1Y: 3.99%
• 3Y*: 6.75%
• 5Y*: 4.00%
• 10Y*: 5.18%

USXF

• 1D: 0.87%
• 1M: -4.43%
• YTD: -3.09%
• 6M: -2.62%
• 1Y: 20.17%
• 3Y*: 20.28%
• 5Y*: 11.92%
• 10Y*: —

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

TRREX vs. USXF - Expense Ratio Comparison

TRREX has a 0.77% expense ratio, which is higher than USXF's 0.10% expense ratio.

TRREX

T. Rowe Price Real Estate Fund

USXF

iShares ESG Advanced MSCI USA ETF

Return for Risk

TRREX vs. USXF — Risk / Return Rank

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

TRREX

TRREX Risk / Return Rank: 11
TRREX Sharpe Ratio Rank: 9
TRREX Sortino Ratio Rank: 9
TRREX Omega Ratio Rank: 8
TRREX Calmar Ratio Rank: 13
TRREX Martin Ratio Rank: 14

USXF

USXF Risk / Return Rank: 57
USXF Sharpe Ratio Rank: 51
USXF Sortino Ratio Rank: 53
USXF Omega Ratio Rank: 53
USXF Calmar Ratio Rank: 64
USXF Martin Ratio Rank: 65

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.

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 ratio Return per unit of total volatility	0.24	0.96	-0.71
Sortino ratio Return per unit of downside risk	0.45	1.46	-1.01
Omega ratio Gain probability vs. loss probability	1.06	1.21	-0.15
Calmar ratio Return relative to maximum drawdown	0.38	1.71	-1.33
Martin ratio Return relative to average drawdown	1.43	6.85	-5.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRREX vs. USXF - Sharpe Ratio Comparison

The current TRREX Sharpe Ratio is 0.24, which is lower than the USXF Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of TRREX and USXF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TRREX	USXF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	0.96	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.62	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.83	-0.50

Correlation

The correlation between TRREX and USXF is 0.53, 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.

Dividends

TRREX vs. USXF - Dividend Comparison

TRREX's dividend yield for the trailing twelve months is around 11.28%, more than USXF's 1.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRREX T. Rowe Price Real Estate Fund	11.28%	11.37%	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	1.00%	0.93%	1.00%	1.21%	1.39%	0.86%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	TRREX	USXF	Difference
Max Drawdown Largest peak-to-trough decline	-75.30%	-29.54%	-45.76%
Max Drawdown (1Y) Largest decline over 1 year	-13.03%	-11.99%	-1.04%
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 Drawdown Current decline from peak	-8.27%	-6.20%	-2.07%
Average Drawdown Average peak-to-trough decline	-12.73%	-6.57%	-6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	3.00%	+0.47%

Volatility

TRREX vs. USXF - Volatility Comparison

The current volatility for T. Rowe Price Real Estate Fund (TRREX) is 4.24%, while iShares ESG Advanced MSCI USA ETF (USXF) has a volatility of 6.68%. 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.

Volatility by Period

	TRREX	USXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	6.68%	-2.44%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	12.80%	-2.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	21.21%	-4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	19.42%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	19.21%	+2.67%