SPDR Dow Jones Global Real Estate ETF (RWO) Performance
RWO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.7% since Dec 31, 2025
- 1 year
- +5.9% total return
- 5 years
- +0.9% a year
- 10 years
- +3.6% a year
- Since first price
- +3.6% a year since 2008
RWO trailing returns vs SPY, QQQ, AGG
| Period | RWO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.4% | +0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.4% | −7.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.9% | −3.7% | +7.8% | +8.4% | −1.5% |
| YTD | +7.7% | +5.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +5.9% | +2.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +46.0%+13.4%/yr | +31.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +4.7%+0.9%/yr | −12.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +42.7%+3.6%/yr | −0.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +130.1%+5.7%/yr | +35.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMay 13, 2008 | +92.1%+3.6%/yr | −6.0% | — | — | — |
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: RWO vs SPY
From May 13, 2008: RWO grew to $19,209, SPY to $75,767.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RWO returns by calendar year
13 of 17 full years positive. Best 2009 (+32.0%), worst 2022 (−25.1%). 2026 is year to date.
RWO annual returns table
| Year | RWO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.7% | −11.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.9% | −13.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.8% | −11.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.9% | −20.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −25.1% | −32.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +31.0% | −6.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −10.4% | −43.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.2% | −4.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −6.0% | −11.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +7.8% | −5.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +3.9% | −13.6% | +12.0% | +7.1% | +2.4% |
| 2015 | +1.0% | −15.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +18.7% | −7.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +2.4% | −15.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +25.8% | −8.8% | +16.0% | +18.1% | +3.8% |
| 2011 | −3.0% | −22.3% | +1.9% | +3.4% | +7.7% |
| 2010 | +24.2% | −15.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +32.0% | −40.0% | +26.4% | +54.7% | +3.0% |
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.
RWO largest drawdowns
Now 8.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 16, 2008 | −68.6% | Mar 9, 2009 | Sep 12, 2012 | 10 months | 4.3 years |
| Feb 14, 2020 | −43.3% | Mar 23, 2020 | Jun 1, 2021 | 38 days | 1.3 years |
| Jan 4, 2022 | −32.8% | Oct 27, 2023 | Feb 13, 2026 | 1.8 years | 4.1 years |
| Jan 26, 2015 | −15.6% | Feb 11, 2016 | May 6, 2016 | 1.0 years | 1.3 years |
| May 21, 2013 | −15.3% | Jun 24, 2013 | May 16, 2014 | 34 days | 12 months |
| Jul 29, 2016 | −13.6% | Nov 21, 2016 | Jul 6, 2018 | 4 months | 1.9 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
RWO risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +10.6% | +1.7% | +2.9% | +3.6% |
| Volatility (annualized) | 15.8% | 18.0% | 17.2% | 20.2% |
| Sharpe ratio | 0.44 | -0.02 | 0.12 | 0.21 |
| Sortino ratio | 0.70 | -0.02 | 0.17 | 0.29 |
| Best month | +10.5% | +10.5% | +12.6% | +20.5% |
| Worst month | −7.5% | −12.1% | −23.5% | −28.1% |
| Best 12 months | +28.9% | +28.9% | +46.3% | +85.4% |
| Worst 12 months | −0.0% | −25.1% | −25.1% | −47.9% |
| Positive months | 61% | 53% | 60% | 60% |
| Beta vs S&P 500 | 0.78 | 0.89 | 0.88 | — |
| Correlation with S&P 500 | 0.61 | 0.78 | 0.78 | — |
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.
RWO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 210 | −47.9% | +6.8% | +85.4% | 76% |
| 3-year (a year) | 186 | −5.9% | +6.1% | +35.3% | 83% |
| 5-year (a year) | 162 | −2.8% | +5.2% | +25.2% | 94% |
| 10-year (a year) | 102 | +1.7% | +4.4% | +15.1% | 100% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
RWO performance overview
SPDR Dow Jones Global Real Estate ETF (RWO) returned +5.9% over the past year and +3.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +3.6% a year, turning $10,000 into about $19,209. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −68.6%, from May 16, 2008 to Mar 9, 2009, and it took 3.5 years to get back to the old high. RWO finished 13 of its 17 full calendar years with a gain; the best year was 2009 (+32.0%) and the worst 2022 (−25.1%). Volatility has been 20.2% a year.
Related: RWO chart, RWO holdings, RWO dividends, RWO valuation. See the RWO overview for the latest quote and fund facts.
RWO performance FAQ
What is the RWO return over the past year?
RWO returned +5.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.2%.
What is the average annual return of RWO?
RWO has returned +0.9% a year over 5 years, +3.6% a year over 10 years, +3.6% a year since May 13, 2008 (total return, distributions reinvested).
How much would $10,000 invested in RWO be worth?
$10,000 invested in RWO at its first recorded close on May 13, 2008 would be worth about $19,209 on October 23, 2026 with distributions reinvested.
What was the worst year for RWO?
The worst calendar year was 2022, with a total return of −25.1%. The best was 2009 at +32.0%.
What is the biggest drawdown of RWO?
The largest peak-to-trough decline was −68.6% between May 16, 2008 and March 9, 2009. It recovered to the old high on September 12, 2012, 3.5 years after the bottom.
How volatile is RWO?
Over the past 3 years RWO had an annualized volatility of 15.8% and a Sharpe ratio of 0.44 (excess return over 1–3 month T-bills per unit of risk).