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Sunday, August 23, 2026The Morning Brief →Sign in
RWOSPDR

SPDR Dow Jones Global Real Estate ETF

$50.52+0.08% today
445252-WK

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a float-adjusted market capitalization index designed to measure the performance of publicly traded global real estate securities.

Price & daily flows
50.348.145.850.52DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$23M OVER THIS RANGE

The desk’s read

Money is leaving — −$5M walked out over the past month, about 0.4% of the fund's asset base, while the price has returned +11.6% so far this year. At 0.50% a year it is not the cheapest way in — VNQ runs the same ground at 0.12%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$1.3Bassets under management
0.50%expense ratio · $50 per $10,000 a year
−$5Mnet flow, trailing month
180Kavg daily volume, 30 days
231holdings · US-domiciled
2008listed May 6, 2008 · beta 0.36
Sector weights
Real Estate100%
Finance98.64%
Other5.49%
UNIT0.77%
Mutual fund0.18%
Cash0.14%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States72.34%
Japan8.53%
United Kingdom3.67%
Singapore2.81%
Australia2.55%
Sweden1.63%
France1.48%
Hong Kong1.36%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+0.1%
1 month-1.0%
3 months+2.1%
6 months+3.2%
YTD+11.6%
1 year+11.2%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$15M
1 month−$5M
3 months+$6M
YTD+$21M
1 year+$23M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
11%realized volatility, 30 days (annualized)
13%realized volatility, 1 year
-10.1%deepest fall from a peak, 1 year
-2.9%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against RWO

Due diligence cuts both ways. These funds sit on the same shelf and beat RWO on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-46bp on fee · 26× the assets · +$104M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$193.2B+$631M-43bp on fee · 151× the assets · +$631M in over the monthHead-to-head
IEMG iShares Core MSCI Emerging Markets ETF0.09%$160.6B+$1.9B-41bp on fee · 126× the assets · +$1.9B in over the monthHead-to-head
IAGG iShares Core International Aggregate Bond ETF0.07%$11.4B+$739M-43bp on fee · 9× the assets · +$739M in over the monthHead-to-head
IXUS iShares Core MSCI Total International Stock ETF0.07%$46.2B-43bp on fee · 36× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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