TSRS vs. IQRA

Last updated Jul 4, 2026

TSRS (Truth Social American Red State REITs ETF) and IQRA (IQ CBRE Real Assets ETF) are both REIT funds. TSRS is passively managed, while IQRA is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

TSRS vs. IQRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Truth Social American Red State REITs ETF (TSRS) and IQ CBRE Real Assets ETF (IQRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSRS achieves a 14.12% return, which is significantly higher than IQRA's 9.91% return.

TSRS

• 1D: 1.66%
• 1M: 6.41%
• 6M: 14.11%
• YTD: 14.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQRA

• 1D: 1.33%
• 1M: 3.70%
• 6M: 9.46%
• YTD: 9.91%
• 1Y: 14.09%
• 3Y*: 10.59%
• 5Y*: —
• 10Y*: —

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

TSRS vs. IQRA - Yearly Performance Comparison

	2026 (YTD)	2025
TSRS Truth Social American Red State REITs ETF	14.12%	-0.30%
IQRA IQ CBRE Real Assets ETF	9.91%	-0.45%

Correlation

The correlation between TSRS and IQRA is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025	0.69

Return for Risk

TSRS vs. IQRA — Risk / Return Rank

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

TSRS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IQRA

IQRA Risk / Return Rank: 42
IQRA Sharpe Ratio Rank: 44
IQRA Sortino Ratio Rank: 41
IQRA Omega Ratio Rank: 41
IQRA Calmar Ratio Rank: 42
IQRA Martin Ratio Rank: 43

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.

TSRS vs. IQRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Truth Social American Red State REITs ETF (TSRS) and IQ CBRE Real Assets ETF (IQRA). 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.

	TSRS	IQRA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.32	—
Sortino ratio: Return per unit of downside risk	—	1.81	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.80	—
Martin ratio: Return relative to average drawdown	—	5.83	—

Drawdowns

TSRS vs. IQRA - Drawdown Comparison

The maximum TSRS drawdown since its inception was -8.32%, smaller than the maximum IQRA drawdown of -15.70%. Use the drawdown chart below to compare losses from any high point for TSRS and IQRA.

Drawdown Indicators

	TSRS	IQRA	Difference
Max Drawdown Largest peak-to-trough decline	-8.32%	-15.70%	+7.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.70%	—
Current Drawdown Current decline from peak	0.00%	-1.51%	+1.51%
Average Drawdown Average peak-to-trough decline	-1.82%	-3.14%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.46%	—

Volatility

Volatility by Period

	TSRS	IQRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.65%	10.91%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	12.86%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.65%	12.86%	+0.79%

TSRS vs. IQRA - Expense Ratio Comparison

Both TSRS and IQRA have an expense ratio of 0.65%.

Dividends

TSRS vs. IQRA - Dividend Comparison

TSRS's dividend yield for the trailing twelve months is around 1.56%, less than IQRA's 2.66% yield.

Position	TTM	2025	2024	2023
IQRA IQ CBRE Real Assets ETF	2.66%	2.83%	3.53%	2.14%
TSRS Truth Social American Red State REITs ETF	1.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSRS and IQRA in my portfolio?

TSRS and IQRA have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSRS or IQRA?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSRS or IQRA?

TSRS and IQRA have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, TSRS or IQRA?

IQRA has the higher dividend yield at 2.66%, compared with 1.56% for TSRS.

What is the main difference between TSRS and IQRA?

They also come from different issuers: Truth Social Funds and IndexIQ.