Equity: Global Ex-U.S. Real Estate
With 6 ETFs and over $8.50B in combined AUM, the Equity: Global Ex-U.S. Real Estate segment provides exposure to the space with a focus on Real Estate securities.
Year-to-date, the best-performing ETF in the segment is the iShares International Developed Property ETF (WPS), with a total return of 1.43%. Meanwhile, the most popular ETF is the Vanguard Global ex-U.S. Real Estate ETF (VNQI) with $5.82BB in assets under management.
Investors should take a look at the Vanguard Global ex-U.S. Real Estate ETF (VNQI). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. VNQI tracks a market-cap-weighted, committee-selected index of non-US real estate investment trusts. The underlying index includes REITs from over 30 countries. VNQI has an expense ratio of 0.12% and tracks the S&P Global x United States Property.
ETF.com Efficiency Insight
The average efficiency score in the Equity: Global Ex-U.S. Real Estate segment is 88 out of 100, with the Vanguard Global ex-U.S. Real Estate ETF(VNQI) obtaining the highest rating of 94 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.39% per year, with the Xtrackers International Real Estate ETF (HAUZ) having the lowest expense ratio, charging investors 0.10% yearly.
Investors should look for funds with tight tracking, such as the iShares International Developed Real Estate ETF (IFGL), with a 12-month median tracking difference of -0.19%.
ETF.com Tradability Insight
The average tradability score in the Equity: Global Ex-U.S. Real Estate segment is 68 out of 100, with the SPDR Dow Jones International Real Estate ETF(RWX) obtaining the highest rating of 87 out of 100.
The Vanguard Global ex-U.S. Real Estate ETF (VNQI) is the undisputed segment leader when it comes to liquidity. The fund trades 29.18M in daily average volume. Investors should also find ample liquidity in the SPDR Dow Jones International Real Estate ETF (RWX), with $17.50M in daily dollar volume.
Use limit orders to trade funds such as the iShares International Developed Property ETF(WPS), due to their double-digit market spreads.
ETF.com Fit Insight
The Thomson Reuters Global Ex-US Real Estate has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to HAUZ. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, RWX follows a Vanilla strategy and obtains a low Fit score compared with our neutral benchmark.