USRT vs. RWR
USRT (iShares Core U.S. REIT ETF) and RWR (SPDR Dow Jones REIT ETF) are both REIT funds - USRT tracks the FTSE Nareit Equity REITS 40 Act Capped Index while RWR tracks the Dow Jones U.S. Select REIT Index. Both are passively managed. Over the past 10 years, USRT returned 6.53%/yr vs 5.51%/yr for RWR. Their correlation of 0.93 suggests significant overlap in exposure. USRT charges 0.08%/yr vs 0.25%/yr for RWR.
Performance
USRT vs. RWR - Performance Comparison
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Returns By Period
In the year-to-date period, USRT achieves a 17.49% return, which is significantly higher than RWR's 16.14% return. Over the past 10 years, USRT has outperformed RWR with an annualized return of 6.53%, while RWR has yielded a comparatively lower 5.51% annualized return.
USRT
- 1D
- 1.30%
- 1M
- 1.84%
- YTD
- 17.49%
- 6M
- 17.97%
- 1Y
- 18.57%
- 3Y*
- 14.08%
- 5Y*
- 5.53%
- 10Y*
- 6.53%
RWR
- 1D
- 1.31%
- 1M
- 1.96%
- YTD
- 16.14%
- 6M
- 16.59%
- 1Y
- 19.02%
- 3Y*
- 13.63%
- 5Y*
- 4.96%
- 10Y*
- 5.51%
USRT vs. RWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USRT iShares Core U.S. REIT ETF | 17.49% | 2.44% | 8.58% | 13.64% | -24.43% | 43.26% | -8.06% | 25.98% | -4.67% | 5.27% |
RWR SPDR Dow Jones REIT ETF | 16.14% | 3.20% | 7.74% | 13.76% | -26.09% | 45.47% | -11.40% | 22.71% | -4.47% | 3.47% |
Correlation
The correlation between USRT and RWR is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 4, 2007 | 0.93 |
The correlation between USRT and RWR has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.
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Return for Risk
USRT vs. RWR — Risk / Return Rank
USRT
RWR
USRT vs. RWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. REIT ETF (USRT) and SPDR Dow Jones REIT ETF (RWR). 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 | RWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.38 | -0.06 |
| Martin ratioReturn relative to average drawdown | 7.44 | 8.03 | -0.59 |
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Drawdowns
USRT vs. RWR - Drawdown Comparison
The maximum USRT drawdown since its inception was -69.92%, smaller than the maximum RWR drawdown of -74.92%. Use the drawdown chart below to compare losses from any high point for USRT and RWR.
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Drawdown Indicators
| USRT | RWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.92% | -74.92% | +5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -8.04% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -18.85% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -32.58% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | -44.39% | +0.01% |
Current DrawdownCurrent decline from peak | -0.25% | -0.46% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -12.94% | -13.08% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.38% | +0.12% |
Volatility
USRT vs. RWR - Volatility Comparison
iShares Core U.S. REIT ETF (USRT) and SPDR Dow Jones REIT ETF (RWR) have volatilities of 5.19% and 5.42%, 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 | RWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 5.42% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 10.37% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 14.05% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 19.05% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 21.55% | -0.22% |
USRT vs. RWR - Expense Ratio Comparison
USRT has a 0.08% expense ratio, which is lower than RWR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
USRT vs. RWR - Dividend Comparison
USRT's dividend yield for the trailing twelve months is around 2.57%, less than RWR's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWR SPDR Dow Jones REIT ETF | 3.36% | 3.78% | 3.76% | 3.75% | 3.81% | 2.79% | 3.73% | 3.36% | 4.19% | 3.05% | 4.39% | 3.17% |
USRT iShares Core U.S. REIT ETF | 2.57% | 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
With a correlation of 0.99, USRT and RWR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RWR has higher volatility (5.42%) compared to USRT (5.19%). In terms of maximum drawdown, USRT dropped -69.92% vs RWR's -74.92%.
On 10-year performance, USRT leads with 6.53% vs 5.51% for RWR. On fees, USRT is cheaper at 0.08% per year. On volatility, USRT has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USRT has performed better with a 6.53% return vs 5.51%. 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 0.25% for RWR.
RWR has the higher dividend yield at 3.36%, compared with 2.57% for USRT.
USRT tracks FTSE Nareit Equity REITS 40 Act Capped Index, while RWR tracks Dow Jones U.S. Select REIT Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.08% for USRT and 0.25% for RWR.
RWR currently has the higher Sharpe Ratio (1.37 vs 1.35), 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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