USRT vs. RDOG

Last updated Jun 4, 2026

USRT (iShares Core U.S. REIT ETF) and RDOG (ALPS REIT Dividend Dogs ETF) are both REIT funds - USRT tracks the FTSE NAREIT Equity REITs Index while RDOG tracks the S-Network REIT Dividend Dogs Index. Both are passively managed. Over the past 10 years, USRT returned 6.21%/yr vs 4.05%/yr for RDOG. A 0.79 correlation means they provide meaningful diversification when combined. USRT charges 0.08%/yr vs 0.35%/yr for RDOG.

Performance

USRT vs. RDOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core U.S. REIT ETF (USRT) and ALPS REIT Dividend Dogs ETF (RDOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USRT achieves a 12.59% return, which is significantly lower than RDOG's 13.77% return. Over the past 10 years, USRT has outperformed RDOG with an annualized return of 6.21%, while RDOG has yielded a comparatively lower 4.05% annualized return.

USRT

• 1D: 0.08%
• 1M: -0.19%
• YTD: 12.59%
• 6M: 11.36%
• 1Y: 15.26%
• 3Y*: 11.53%
• 5Y*: 4.73%
• 10Y*: 6.21%

RDOG

• 1D: -0.80%
• 1M: 3.92%
• YTD: 13.77%
• 6M: 14.44%
• 1Y: 20.06%
• 3Y*: 11.40%
• 5Y*: 2.28%
• 10Y*: 4.05%

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

USRT vs. RDOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USRT iShares Core U.S. REIT ETF	12.59%	2.44%	8.58%	13.64%	-24.43%	43.26%	-8.06%	25.98%	-4.67%	5.27%
RDOG ALPS REIT Dividend Dogs ETF	13.77%	0.95%	4.57%	10.38%	-25.53%	34.42%	-10.01%	21.54%	-5.70%	11.84%

Correlation

The correlation between USRT and RDOG is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 23, 2008	0.79

The correlation between USRT and RDOG shifts across timeframes, from 0.79 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.

USRT vs. RDOG - Sectors Allocation Comparison

Sectors	USRT	RDOG
Real Estate	99.4%	100.0%
Financial Services	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

USRT vs. RDOG — Risk / Return Rank

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

USRT

USRT Risk / Return Rank: 33
USRT Sharpe Ratio Rank: 31
USRT Sortino Ratio Rank: 29
USRT Omega Ratio Rank: 29
USRT Calmar Ratio Rank: 38
USRT Martin Ratio Rank: 38

RDOG

RDOG Risk / Return Rank: 39
RDOG Sharpe Ratio Rank: 39
RDOG Sortino Ratio Rank: 39
RDOG Omega Ratio Rank: 36
RDOG Calmar Ratio Rank: 41
RDOG Martin Ratio Rank: 41

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.

USRT vs. RDOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. REIT ETF (USRT) and ALPS REIT Dividend Dogs ETF (RDOG). 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.

	USRT	RDOG	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.39	-0.23
Sortino ratio: Return per unit of downside risk	1.63	2.03	-0.40
Omega ratio: Gain probability vs. loss probability	1.20	1.24	-0.03
Calmar ratio: Return relative to maximum drawdown	1.91	2.01	-0.10
Martin ratio: Return relative to average drawdown	6.15	6.51	-0.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USRT vs. RDOG - Sharpe Ratio Comparison

The current USRT Sharpe Ratio is 1.15, which is comparable to the RDOG Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of USRT and RDOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USRT	RDOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	1.39	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.12	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.18	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.17	+0.01

Drawdowns

USRT vs. RDOG - Drawdown Comparison

The maximum USRT drawdown since its inception was -69.91%, roughly equal to the maximum RDOG drawdown of -67.59%. Use the drawdown chart below to compare losses from any high point for USRT and RDOG.

Drawdown Indicators

	USRT	RDOG	Difference
Max Drawdown Largest peak-to-trough decline	-69.91%	-67.59%	-2.32%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-10.02%	+1.98%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-21.40%	+2.70%
Max Drawdown (5Y) Largest decline over 5 years	-31.03%	-35.52%	+4.49%
Max Drawdown (10Y) Largest decline over 10 years	-44.38%	-49.35%	+4.97%
Current Drawdown Current decline from peak	-3.01%	-2.03%	-0.98%
Average Drawdown Average peak-to-trough decline	-12.97%	-12.26%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	3.09%	-0.60%

Volatility

USRT vs. RDOG - Volatility Comparison

iShares Core U.S. REIT ETF (USRT) and ALPS REIT Dividend Dogs ETF (RDOG) have volatilities of 3.92% and 3.98%, 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.

Volatility by Period

	USRT	RDOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	3.98%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	10.42%	-1.17%
Volatility (1Y) Calculated over the trailing 1-year period	13.28%	14.52%	-1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	19.84%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.28%	23.05%	-1.77%

USRT vs. RDOG - Expense Ratio Comparison

USRT has a 0.08% expense ratio, which is lower than RDOG's 0.35% expense ratio.

Dividends

USRT vs. RDOG - Dividend Comparison

USRT's dividend yield for the trailing twelve months is around 2.67%, less than RDOG's 6.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RDOG ALPS REIT Dividend Dogs ETF	6.13%	6.91%	6.11%	7.07%	5.25%	3.11%	5.12%	3.10%	3.13%	3.64%	3.66%	3.43%
USRT iShares Core U.S. REIT ETF	2.67%	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

Can I hold both USRT and RDOG in my portfolio?

USRT and RDOG have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USRT or RDOG?

RDOG has higher volatility (3.98%) compared to USRT (3.92%). In terms of maximum drawdown, USRT dropped -69.91% vs RDOG's -67.59%.

Which ETF is better, USRT or RDOG?

On 10-year performance, USRT leads with 6.21% vs 4.05% for RDOG. On fees, USRT is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USRT or RDOG?

Over the 10-year period, USRT has performed better with a 6.21% return vs 4.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USRT or RDOG?

USRT is cheaper with a 0.08% expense ratio, compared with 0.35% for RDOG.

Which ETF pays a higher dividend yield, USRT or RDOG?

RDOG has the higher dividend yield at 6.13%, compared with 2.67% for USRT.

What is the main difference between USRT and RDOG?

USRT tracks FTSE NAREIT Equity REITs Index, while RDOG tracks S-Network REIT Dividend Dogs Index. They also come from different issuers: iShares and SS&C. Their fees differ too: 0.08% for USRT and 0.35% for RDOG.

Which has better risk-adjusted returns?

RDOG currently has the higher Sharpe Ratio (1.39 vs 1.15), 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.