R
WX and HAUZ differ mainly in cost, yield, and portfolio breadth, shaping their appeal for investors wanting global real‑estate exposure.
**Cost & Size**
| Metric | HAUZ | RWX | Issuer | Expense Ratio | 1‑yr Return (2026‑01‑02) | Dividend Yield | Beta | AUM |
|--------|------|-----|--------|---------------|--------------------------|----------------|------|-----|
| Expense Ratio | 0.10% | 0.59% | Xtrackers | 0.10% | 22.7% | 3.91% | 0.890 | $932 m |
| | | | SPDR | 0.59% | 26.9% | 3.36% | 0.82 | $295 m |
RWX’s fee is nearly six times higher than HAUZ’s and its dividend yield is lower.
**Performance & Risk**
- Max 5‑yr drawdown: HAUZ –34.5%, RWX –35.9%
- $1,000 growth over 5 yrs: HAUZ –$1,056, RWX –$1,014
**Holdings**
- RWX tracks the Dow Jones Global ex‑U.S. Select Real Estate Securities Index, holding 120 stocks (top: Mitsui Fudosan, Scentre Group, Swiss Prime Site).
- HAUZ follows an index with 408 holdings (top: Goodman Group, Mitsui Fudosan, Mitsubishi Estate).
**Investor Takeaway**
Since 2013, HAUZ has delivered 3.3% annual total returns versus RWX’s 1.4%, aided by its lower fee, higher dividend, broader diversification, and larger asset base. Both ETFs allocate about a quarter of assets to Japanese REITs; HAUZ’s second‑largest exposure is Australia (13%) and RWX’s is the U.K. (14%).
For most investors, HAUZ offers superior cost efficiency, income, historical performance, and geographic spread, making it the preferred choice despite a slight lag in the current year.
**Key Terms**
- **ETF**: Exchange‑traded fund.
- **Expense Ratio**: Annual operating cost as a % of assets.
- **Dividend Yield**: Annual dividends ÷ share price.
- **Total Return**: Price change + dividends (reinvested).
- **Beta**: Volatility relative to the S&P 500.
- **AUM**: Assets under management.
- **Max Drawdown**: Largest peak‑to‑trough decline.
- **Growth of $1,000**: Illustrates investment growth over time.
- **Index**: Rules‑based basket tracking a market segment.
- **Sector Allocation**: Distribution across industries.
- **Holdings**: Individual securities owned.
- **Real‑Estate Securities**: Stocks or instruments linked to property assets.
