FlexShares Global Quality Real Estate Index Fund (GQRE) Performance
GQRE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.4% since Dec 31, 2025
- 1 year
- +3.3% total return
- 5 years
- +0.3% a year
- 10 years
- +3.6% a year
- Since first price
- +4.6% a year since 2013
GQRE trailing returns vs SPY, QQQ, AGG
| Period | GQRE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.2% | −0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.1% | −7.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.0% | −5.5% | +7.8% | +8.4% | −1.5% |
| YTD | +4.4% | +2.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.3% | −1.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +44.5%+13.0%/yr | +29.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +1.6%+0.3%/yr | −14.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +43.0%+3.6%/yr | +4.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionNov 6, 2013 | +78.1%+4.6%/yr | +20.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GQRE vs SPY
From Nov 6, 2013: GQRE grew to $17,813, SPY to $53,365.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GQRE returns by calendar year
9 of 12 full years positive. Best 2021 (+32.0%), worst 2022 (−27.2%). 2026 is year to date.
GQRE annual returns table
| Year | GQRE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +4.4% | −11.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.3% | −12.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.1% | −9.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +9.2% | −20.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −27.2% | −32.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +32.0% | −6.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −9.2% | −41.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.8% | −5.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.9% | −13.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +13.6% | −4.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +3.3% | −12.8% | +12.0% | +7.1% | +2.4% |
| 2015 | +3.3% | −11.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +16.9% | −6.7% | +13.5% | +19.2% | +6.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GQRE largest drawdowns
Now 8.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 14, 2020 | −41.9% | Mar 23, 2020 | Jun 1, 2021 | 38 days | 1.3 years |
| Dec 31, 2021 | −35.1% | Oct 27, 2023 | Feb 17, 2026 | 1.8 years | 4.1 years |
| Aug 29, 2018 | −13.5% | Dec 24, 2018 | Feb 19, 2019 | 4 months | 6 months |
| Jul 29, 2016 | −12.8% | Nov 21, 2016 | Jun 14, 2017 | 4 months | 11 months |
| Jul 28, 2026 | −11.6% | Oct 7, 2026 | not yet | 2 months | 3 months so far |
| Feb 5, 2015 | −11.5% | Sep 4, 2015 | Mar 17, 2016 | 7 months | 1.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GQRE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +10.7% | +1.3% | +3.1% | +4.6% |
| Volatility (annualized) | 15.0% | 17.8% | 16.6% | 15.6% |
| Sharpe ratio | 0.47 | -0.04 | 0.13 | 0.25 |
| Sortino ratio | 0.74 | -0.06 | 0.17 | 0.35 |
| Best month | +9.4% | +9.4% | +11.1% | +11.1% |
| Worst month | −8.3% | −12.7% | −21.4% | −21.4% |
| Best 12 months | +30.6% | +30.6% | +41.5% | +41.5% |
| Worst 12 months | +1.9% | −27.2% | −27.2% | −27.2% |
| Positive months | 61% | 53% | 63% | 62% |
| Beta vs S&P 500 | 0.76 | 0.90 | 0.87 | — |
| Correlation with S&P 500 | 0.62 | 0.80 | 0.80 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GQRE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 144 | −27.2% | +5.6% | +41.5% | 75% |
| 3-year (a year) | 120 | −5.6% | +4.8% | +13.5% | 74% |
| 5-year (a year) | 96 | −1.5% | +3.1% | +8.6% | 89% |
| 10-year (a year) | 36 | +2.8% | +3.6% | +5.2% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
GQRE performance overview
FlexShares Global Quality Real Estate Index Fund (GQRE) returned +3.3% over the past year and +3.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +4.6% a year, turning $10,000 into about $17,813. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −41.9%, from Feb 14, 2020 to Mar 23, 2020, and it took 1.2 years to get back to the old high. GQRE finished 9 of its 12 full calendar years with a gain; the best year was 2021 (+32.0%) and the worst 2022 (−27.2%). Volatility has been 15.6% a year.
Related: GQRE chart, GQRE holdings, GQRE dividends, GQRE valuation. See the GQRE overview for the latest quote and fund facts.
GQRE performance FAQ
What is the GQRE return over the past year?
GQRE returned +3.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.2%.
What is the average annual return of GQRE?
GQRE has returned +0.3% a year over 5 years, +3.6% a year over 10 years, +4.6% a year since November 6, 2013 (total return, distributions reinvested).
How much would $10,000 invested in GQRE be worth?
$10,000 invested in GQRE at its first recorded close on November 6, 2013 would be worth about $17,813 on October 23, 2026 with distributions reinvested.
What was the worst year for GQRE?
The worst calendar year was 2022, with a total return of −27.2%. The best was 2021 at +32.0%.
What is the biggest drawdown of GQRE?
The largest peak-to-trough decline was −41.9% between February 14, 2020 and March 23, 2020. It recovered to the old high on June 1, 2021, 1.2 years after the bottom.
How volatile is GQRE?
Over the past 3 years GQRE had an annualized volatility of 15.0% and a Sharpe ratio of 0.47 (excess return over 1–3 month T-bills per unit of risk).