USRT vs. PXF
USRT (iShares Core U.S. REIT ETF) and PXF (Invesco RAFI Developed Markets ex-U.S. ETF) are both exchange-traded funds - USRT is a REIT fund tracking the FTSE Nareit Equity REITS 40 Act Capped Index, while PXF is a Foreign Large Cap Equities fund tracking the RAFI Fundamental Select Developed ex-US 1000 Index. Both are passively managed. Over the past 10 years, USRT returned 6.04%/yr vs 11.54%/yr for PXF. A 0.52 correlation means they provide meaningful diversification when combined. USRT charges 0.08%/yr vs 0.43%/yr for PXF.
Performance
USRT vs. PXF - Performance Comparison
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Returns By Period
In the year-to-date period, USRT achieves a 21.46% return, which is significantly higher than PXF's 16.06% return. Over the past 10 years, USRT has underperformed PXF with an annualized return of 6.04%, while PXF has yielded a comparatively higher 11.54% annualized return.
USRT
- 1D
- -0.39%
- 1M
- 6.03%
- 6M
- 16.02%
- YTD
- 21.46%
- 1Y
- 23.91%
- 3Y*
- 11.84%
- 5Y*
- 5.46%
- 10Y*
- 6.04%
- ALL TIME*
- 5.61%
PXF
- 1D
- -0.69%
- 1M
- -2.97%
- 6M
- 11.51%
- YTD
- 16.06%
- 1Y
- 35.55%
- 3Y*
- 21.54%
- 5Y*
- 13.83%
- 10Y*
- 11.54%
- ALL TIME*
- 5.32%
USRT vs. PXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USRT iShares Core U.S. REIT ETF | 21.46% | 2.44% | 8.58% | 13.64% | -24.43% | 43.26% | -8.06% | 25.98% | -4.67% | 5.27% |
PXF Invesco RAFI Developed Markets ex-U.S. ETF | 16.06% | 42.51% | 4.54% | 18.46% | -9.09% | 15.93% | 2.58% | 17.50% | -14.84% | 24.52% |
Correlation
The correlation between USRT and PXF is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2007 | 0.52 |
The correlation between USRT and PXF shifts across timeframes, from 0.36 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USRT vs. PXF — Risk / Return Rank
USRT
PXF
USRT vs. PXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. REIT ETF (USRT) and Invesco RAFI Developed Markets ex-U.S. ETF (PXF). 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.
| USRT | PXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.27 | -0.28 |
| Martin ratioReturn relative to average drawdown | 9.68 | 11.67 | -1.99 |
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Drawdowns
USRT vs. PXF - Drawdown Comparison
The maximum USRT drawdown since its inception was -69.92%, which is greater than PXF's maximum drawdown of -64.74%. Use the drawdown chart below to compare losses from any high point for USRT and PXF.
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Drawdown Indicators
| USRT | PXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.92% | -64.74% | -5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -10.91% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -14.06% | -4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -26.82% | -4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | -41.59% | -2.79% |
Current DrawdownCurrent decline from peak | -0.39% | -4.30% | +3.91% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -15.19% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 3.05% | -0.57% |
Volatility
USRT vs. PXF - Volatility Comparison
iShares Core U.S. REIT ETF (USRT) and Invesco RAFI Developed Markets ex-U.S. ETF (PXF) have volatilities of 4.49% and 4.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USRT | PXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.68% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 14.52% | -3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 16.54% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 16.59% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.34% | 17.75% | +3.59% |
USRT vs. PXF - Expense Ratio Comparison
USRT has a 0.08% expense ratio, which is lower than PXF's 0.43% expense ratio.
Dividends
USRT vs. PXF - Dividend Comparison
USRT's dividend yield for the trailing twelve months is around 2.49%, less than PXF's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXF Invesco RAFI Developed Markets ex-U.S. ETF | 3.17% | 3.64% | 3.48% | 3.55% | 3.58% | 3.74% | 2.11% | 3.50% | 3.38% | 2.78% | 3.21% | 3.10% |
USRT iShares Core U.S. REIT ETF | 2.49% | 3.07% | 2.85% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% |
Frequently Asked Questions
USRT and PXF have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXF has higher volatility (4.68%) compared to USRT (4.49%). In terms of maximum drawdown, USRT dropped -69.92% vs PXF's -64.74%.
On 10-year performance, PXF leads with 11.54% vs 6.04% for USRT. On fees, USRT is cheaper at 0.08% per year. On volatility, USRT has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PXF has performed better with a 11.54% return vs 6.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USRT is cheaper with a 0.08% expense ratio, compared with 0.43% for PXF.
PXF has the higher dividend yield at 3.17%, compared with 2.49% for USRT.
USRT is categorized as REIT, while PXF is Foreign Large Cap Equities. USRT tracks FTSE Nareit Equity REITS 40 Act Capped Index, while PXF tracks RAFI Fundamental Select Developed ex-US 1000 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.08% for USRT and 0.43% for PXF.
PXF currently has the higher Sharpe Ratio (2.16 vs 1.72), 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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