Key Takeaways
- • The Xtrackers International Real Estate ETF (HAUZ) carries a 0.10% expense ratio, versus 0.50% for the State Street SPDR Dow Jones Global Real Estate ETF (RWO), according to The Globe and Mail comparison.
- • RWO manages roughly $1.2 billion in AUM across 224 holdings and targets a global real estate mandate, while HAUZ manages about $1.0 billion across 410 holdings and excludes U.S. property exposure.
- • The yield gap between the two funds is narrow: HAUZ trails at approximately 3.9% versus about 3.5% for RWO on trailing 12-month distributions, with HAUZ slightly higher.
- • Top holdings differ: RWO is led by Welltower (10.34%), Prologis (7.75%) and Equinix (6.15%), while HAUZ is led by Goodman Group (4.20%), Mitsubishi Estate (3.11%) and Mitsui Fudosan (2.84%).
Summary
The Globe and Mail published a comparison of two global real estate exchange-traded funds: State Street's SPDR Dow Jones Global Real Estate ETF (RWO) and Xtrackers' International Real Estate ETF (HAUZ). The article's full text could not be retrieved, so this summary draws on the publisher's headline and snippet content and corroborating supplemental material covering the same comparison.
The central distinction between the funds lies in geographic mandate and cost. RWO provides broad exposure across the entire globe, including the U.S., while HAUZ targets developed and emerging markets excluding the United States, offering diversification away from domestic property concentration. The Xtrackers fund is materially cheaper, with a 0.10% expense ratio compared with 0.50% for RWO.
By size and holdings, RWO is the larger fund at approximately $1.2 billion in AUM, launched in 2008, with 224 holdings. Per the supplemental analysis, its portfolio is roughly 90% real estate, with Welltower, Prologis and Equinix as the largest positions. HAUZ, launched in 2013, manages about $1.0 billion across 410 holdings and is roughly 96% real estate, with Goodman Group, Mitsubishi Estate and Mitsui Fudosan among its top holdings.
Income profiles are close. RWO has paid $1.63 per share over the trailing twelve months, a yield of about 3.5% on a share price near $47.08. HAUZ has paid $0.82 per share, a yield of about 3.9% on a share price near $21.38. The publisher's snippets also cite one-year returns for HAUZ of roughly 34.87% in one data set and 17.34% for RWO in another, though these figures appear in differing contexts and should be verified against current fund data before use in allocation decisions.
The central distinction between the funds lies in geographic mandate and cost. RWO provides broad exposure across the entire globe, including the U.S., while HAUZ targets developed and emerging markets excluding the United States, offering diversification away from domestic property concentration. The Xtrackers fund is materially cheaper, with a 0.10% expense ratio compared with 0.50% for RWO.
By size and holdings, RWO is the larger fund at approximately $1.2 billion in AUM, launched in 2008, with 224 holdings. Per the supplemental analysis, its portfolio is roughly 90% real estate, with Welltower, Prologis and Equinix as the largest positions. HAUZ, launched in 2013, manages about $1.0 billion across 410 holdings and is roughly 96% real estate, with Goodman Group, Mitsubishi Estate and Mitsui Fudosan among its top holdings.
Income profiles are close. RWO has paid $1.63 per share over the trailing twelve months, a yield of about 3.5% on a share price near $47.08. HAUZ has paid $0.82 per share, a yield of about 3.9% on a share price near $21.38. The publisher's snippets also cite one-year returns for HAUZ of roughly 34.87% in one data set and 17.34% for RWO in another, though these figures appear in differing contexts and should be verified against current fund data before use in allocation decisions.
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