HAUZ vs RWO: Grades, Fees and Holdings Compared

Xtrackers International Real Estate ETF

HAUZANYSE Arca

State Street SPDR Dow Jones Global Real Estate ETF

RWOBNYSE Arca

Overlap

15.4%by weight

Expense ratio

HAUZ −0.40pt a year

HAUZ0.10%RWO0.50%

Avg volume · 30D

RWO 1.1×the volume

HAUZ117KRWO124K

10Y return · a year

RWO +1.6pt

HAUZ+2.3%RWO+3.9%

HAUZ vs RWO Performance

Oct 29, 2021 – Oct 30, 2026

−10.6%HAUZ+5.3%RWO

Expense ratio: HAUZ 0.10%, better; RWO 0.50%
Fund size: HAUZ $1.06B; RWO $1.25B
1Y total return: HAUZ −4.6%; RWO +9.5%, better
Yield (12M): HAUZ 3.81%, better; RWO 3.42%
Holdings: HAUZ 400; RWO 243
Avg volume (30D): HAUZ 117K sh; RWO 124K sh, better
NAV per share: HAUZ $21.46; RWO $47.65
52W range

ETF.net Grade

Pillar letters and Scores for HAUZ, RWO, with each pillar’s weight
Pillar	HAUZ	RWO
Cost30% weight	A100Higher	C44
Mission25% weight	A82	A94Higher
Risk15% weight	C40	B66Higher
Tradability15% weight	B58	A80Higher
Holdings10% weight	A89Higher	C49
Durability5% weight	B68	A81Higher

Rank among Global & International Real Estate funds

How we build Categories ›

Same Category. HAUZ and RWO are both graded against the same 18 Global & International Real Estate funds, so their Grades compare head to head.

Global & International Real Estate⁠

Category · 18 funds

See all 18 ›

HAUZ ranks 3rd and RWO 7th of 18 funds in the Global & International Real Estate Category.

Rank 1AREETiShares Global REIT ETFScore 78
Rank 2ADFGRDimensional Global Real Estate ETFScore 77
Rank 3AHAUZXtrackers International Real Estate ETFScore 75
Rank 4AVNQIVanguard Global ex-U.S. Real Estate ETFScore 74
Rank 6BVGSRVert Global Sustainable Real Estate ETFScore 62
Rank 7BRWOState Street SPDR Dow Jones Global Real Estate ETFScore 58
Rank 8BERETiShares Environmentally Aware Real Estate ETFScore 54

Our read on each fund

ETF.net Research

HAUZAXtrackers International Real Estate ETF

RWOBState Street SPDR Dow Jones Global Real Estate ETF

In short

HAUZ The bargain passport for property: HAUZ owns real estate companies everywhere except the US, developed and emerging alike, for 0.10% a year. One of the cheapest ways to own the rest of the world's landlords.

RWO Global real estate without the assembly work: about 220 property companies across the US, developed markets and emerging markets, wrapped in one Dow Jones index fund that has been running since 2008.

Stated mandate

HAUZ The fund seeks investment results that generally correspond to the performance of an iSTOXX Developed and Emerging benchmark.

RWO The fund seeks to track the total return performance of the Dow Jones Global Select Real Estate Securities Index and provide global exposure to publicly traded real estate securities.

Why people hold it

HAUZ Charges 0.10% a year against a 0.50% median for global real estate funds, undercutting even the low-cost giants VNQI (0.12%) and REET (0.14%).
The US is deliberately left out. The index covers developed and emerging markets outside America, so it sits beside a domestic REIT holding instead of doubling it.dws.com
About 400 holdings across dozens of markets, weighted by free float, so it owns the world's big listed property names rather than making country bets.dws.com
Running since 2013 as a plain index tracker, and its portfolio lines up closely with the benchmark it promises.

RWO One ticker covers the whole map. US landlords, developed international operators and emerging market names sit in the same portfolio, roughly 220 holdings deep.ssga.com
Launched in 2008 and now a multi-billion-dollar fund: a long-running, established vehicle rather than a recent product launch.
Hugs its Dow Jones benchmark tightly, and its overall build sits in the upper half of the global real estate group we track.
Income arrives on a quarterly schedule, the usual rhythm for a portfolio of rent-collecting property companies.

Worth knowing

HAUZ One sector, one theme. Property equities move with interest rates and credit, and this fund's swings have been wider than most of what we grade.
Distributions arrive once or twice a year, not monthly, so the income shows up lumpy.
Moderate trading volume rather than headline volume, which can mean wider bid-ask spreads than the busiest global real estate funds.

RWO The 0.50% fee is the middle of this peer group, but index rivals run far cheaper: HAUZ at 0.10%, VNQI at 0.12%, REET at 0.14%. The first two leave out US property.
One sector, spread worldwide: results follow the property cycle, and the non-US half brings currency swings along with it.
Volume is moderate rather than category-leading, so the bid-ask spread matters more here than in the busiest global real estate funds.

Full HAUZ profile⁠

Full RWO profile⁠

HAUZ vs RWO Holdings

How HAUZ and RWO differ

Overlap by weight

15.4%

Shared holdings make up 28.3% of HAUZ and 15.4% of RWO.

Level by level

Holdings73 in both15.4%
Countryby domicile25.9%
Sector11 Sectors97.3%
Asset classEquity100%

Sector

Sector weights in HAUZ and RWO, widest gap first
Sector	More in HAUZMore in RWO	HAUZ	RWO
Industrials	HAUZ +1.3 points	1.4%	0.1%
Communication	HAUZ +1.2 points	1.2%	0.0%
Real Estate	RWO +0.7 points	96.0%	96.7%
Technology	RWO +0.7 points	0.1%	0.8%
Health Care	RWO +0.4 points	0.0%	0.4%
Consumer Discretionary	RWO +0.3 points	0.5%	0.8%
Energy	RWO +0.3 points	0.0%	0.3%
Financials	RWO +0.2 points	0.6%	0.8%
Utilities	HAUZ +0.1 points	0.1%	0.0%
Materials	HAUZ +0.1 points	0.1%	0.0%
Consumer Staples	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in HAUZ and RWO, widest gap first
Country	More in HAUZMore in RWO	HAUZ	RWO
United States	RWO +74.1 points	0.2%	74.3%
Japan	HAUZ +15.8 points	22.8%	7.0%
Australia	HAUZ +10.6 points	12.9%	2.3%
United Kingdom	HAUZ +5.2 points	8.6%	3.4%
Hong Kong	HAUZ +5.1 points	6.8%	1.7%
Canada	HAUZ +5.1 points	5.8%	0.7%
Singapore	HAUZ +5.1 points	7.6%	2.5%
China	HAUZ +3.0 points	3.0%	0.0%
Other countries (26)	HAUZ +24.0 points	32.2%	8.2%

Outside the US: HAUZ 81% developed, 19% emerging. RWO 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

HAUZ22.2%
RWO45.8%

Securities held

HAUZ399
RWO225

Asset class

HAUZ: Equity
RWO: Equity

Holdings

Only in HAUZ326
In both73
Only in RWO152

Only in HAUZ

326 securities, 70.7% of HAUZ by weight

Goodman Group4.32%
Mitsubishi Estate Co Ltd3.26%
Sumitomo Realty & Development2.15%
Sun Hung Kai Properties Ltd2.02%
Segro PLC1.69%
Vonovia SE1.47%
Unibail Rodamco We Stapled Units1.33%
Cheung Kong Property Holdings Ltd1.33%
China Resources Land Ltd1.25%
Klepierre1.00%
Hongkong Land Holdings Ltd0.88%
Stockland0.82%
Dlf0.77%
Charter Hall Group0.76%
Land Securities Group Plc0.75%
Aedifica SA0.73%
Daito Trust Construction Co Ltd0.70%
Central Pattana PCL0.70%
China Overseas Land & Investment0.67%
FirstService Corp0.66%
British Land Co PLC0.65%
REA Group Ltd0.62%
Sino Land Co Ltd0.60%
Londonmetric Property PLC0.60%
Merlin Properties Socimi SA0.59%
Rightmove PLC0.58%
Mirvac Group0.57%
Fibra Uno Administracion SA de0.57%
Prologis Property Mexico SA de CV0.54%
Chartwell Retirement Residen0.54%
Henderson Land Development Co0.53%
Tritax Big Box REIT PLC0.53%
Tokyu Fudosan Holdings Corp0.53%
Capitaland Investment Management Limited0.53%
Azrieli Group Ltd0.51%
NEPI Rockcastle N.V.0.49%
RioCan Real Estate Investment0.49%
Colliers International Group Inc0.49%
Tokyo Tatemono Co Ltd0.49%
Warehouses De Pauw CVA0.46%
LEG Immobilien AG0.46%
SM Prime Holdings Inc0.44%
Fibra MTY SAPI de CV0.44%
Sagax AB - B0.42%
Big Shopping Centers Ltd0.42%
Granite Re Units0.41%
Allreal Holding Ag-Reg0.40%
Mega OR Holdings Ltd ILS 0.010.40%
Open House0.39%
China Resources Mixc Lifestyle Services Ltd0.39%

Only in RWO

152 securities, 84.5% of RWO by weight

Welltower Inc10.22%
Prologis Inc7.40%
Equinix Inc6.22%
Simon Property Group Inc4.25%
Digital Realty Trust Inc3.91%
Realty Income Corp3.28%
Public Storage3.24%
Vivmark Residential2.70%
Ventas Inc2.61%
Extra Space Storage Inc1.92%
Host Hotels & Resorts Inc1.07%
Essex Property Trust Inc1.04%
Kimco Realty Corp1.00%
Segro PLC0.92%
Wp Carey Inc0.90%
Invitation Homes Inc0.87%
Omega Healthcare Investors0.86%
Mid America Apartment Comm0.84%
Sun Communities Inc0.83%
Healthpeak Properties Inc0.79%
Regency Centers Corp0.76%
Unibail Rodamco Westfield0.73%
American Healthcare Reit Inc0.70%
Equity Lifestyle Properties0.70%
Eastgroup Properties Inc0.65%
Udr Inc0.63%
Camden Property Trust0.62%
Bxp Inc0.61%
American Homes 4 Rent A0.61%
Ryman Hospitality Properties0.56%
Brixmor Property Group Inc0.55%
Federal Realty Invs Trust0.54%
Klepierre0.54%
Cubesmart0.53%
Caretrust Reit Inc0.52%
Rexford Industrial Realty In0.52%
Agree Realty Corp0.51%
Nnn Reit Inc0.48%
First Industrial Realty Tr0.44%
Land Securities Group PLC0.44%
Terreno Realty Corp0.44%
Stag Industrial Inc0.44%
Macerich Co/The0.42%
Aedifica0.40%
Alexandria Real Estate Equit0.38%
Healthcare Realty Trust Inc0.38%
Essential Properties Realty0.35%
British Land Co PLC0.35%
Merlin Properties Socimi SA0.35%
Vornado Realty Trust0.34%

Weight gaps

All 73 Holdings in both funds, largest gap first.

Holding weights in HAUZ and RWO, widest gap first
Holding	More in HAUZMore in RWO	HAUZ	RWO
Mitsui Fudosan Co Ltd	HAUZ +1.36 points	3.00%	1.64%
Link REIT	HAUZ +0.68 points	1.47%	0.79%
Scentre Group	HAUZ +0.67 points	1.46%	0.79%
Swiss Prime Site AG-CVA	HAUZ +0.63 points	1.39%	0.76%
CapitaLand Mall Trust	HAUZ +0.56 points	1.25%	0.69%
Hulic Co Ltd	HAUZ +0.48 points	0.93%	0.45%
PSP Swiss Property AG-Reg	HAUZ +0.43 points	0.94%	0.51%
Wharf Real Estate Investment Co Ltd	HAUZ +0.36 points	0.74%	0.38%
Ascendas Real Estate Investment	HAUZ +0.35 points	0.79%	0.44%
Vicinity Centres	HAUZ +0.34 points	0.75%	0.41%
Nippon Building Fund Inc	HAUZ +0.34 points	0.75%	0.41%
GPT Group	HAUZ +0.34 points	0.73%	0.39%
Japan Real Estate Investment Corp	HAUZ +0.25 points	0.55%	0.30%
Japan Retail Fund Investment Co Ltd	HAUZ +0.25 points	0.54%	0.29%
Dexus	HAUZ +0.22 points	0.48%	0.26%
Castellum AB	HAUZ +0.21 points	0.47%	0.26%
Glp J-Reit	HAUZ +0.20 points	0.44%	0.24%
Nippon Prologis REIT Inc	HAUZ +0.19 points	0.41%	0.22%
Kenedix Office Investment Corp	HAUZ +0.17 points	0.38%	0.21%
Nomura Real Est Mf (New)	HAUZ +0.17 points	0.38%	0.21%
Japan Hotel Reit Investment	HAUZ +0.16 points	0.35%	0.19%
Swire Properties Ltd	HAUZ +0.16 points	0.35%	0.19%
Orix JREIT Inc	HAUZ +0.16 points	0.34%	0.18%
United Urban Investment Corp	HAUZ +0.16 points	0.34%	0.18%
Daiwa House Reit Investment Corp	HAUZ +0.15 points	0.33%	0.18%
Invincible Investment Corp	HAUZ +0.15 points	0.33%	0.18%
Mapletree Logistics Trust	HAUZ +0.15 points	0.32%	0.17%
Suntec Reit	HAUZ +0.14 points	0.25%	0.11%
Plaza SA	HAUZ +0.14 points	0.31%	0.17%
Mapletree Industrial Trust	HAUZ +0.13 points	0.31%	0.18%
Keppel Dc Reit	HAUZ +0.13 points	0.36%	0.23%
Wharf Holdings Ltd	HAUZ +0.13 points	0.27%	0.14%
Parque Arauco SA	HAUZ +0.12 points	0.28%	0.16%
Advance Residence Investment	HAUZ +0.13 points	0.27%	0.14%
Allos SA	HAUZ +0.12 points	0.23%	0.11%
Japan Prime Realty Investment	HAUZ +0.12 points	0.26%	0.14%
Frasers Logistics & Industrial Trust	HAUZ +0.11 points	0.23%	0.12%
Frasers Centrepoint Trust	HAUZ +0.11 points	0.23%	0.12%
Keppel REIT	HAUZ +0.10 points	0.23%	0.13%
Mitsui Fudosan Logistics	HAUZ +0.10 points	0.22%	0.12%
Wihlborgs Fastigheter AB	HAUZ +0.10 points	0.21%	0.11%
Region Group	HAUZ +0.10 points	0.21%	0.11%
Multiplan Empreendimentos Imobiliarios SA	HAUZ +0.10 points	0.18%	0.08%
Sekisui House Reit	HAUZ +0.09 points	0.20%	0.11%
Industrial & Infra	HAUZ +0.09 points	0.22%	0.13%
Nippon Accommodations Fund Inc	HAUZ +0.09 points	0.19%	0.10%
Activia Properties Inc	HAUZ +0.08 points	0.18%	0.10%
Ascott Residence Trust	HAUZ +0.08 points	0.19%	0.11%
Charter Hall Long Wale	HAUZ +0.08 points	0.17%	0.09%
Leopalace21 Corp	HAUZ +0.07 points	0.16%	0.09%
Japan Logistics Fund Inc	HAUZ +0.08 points	0.17%	0.09%
Hang Lung Properties Ltd	HAUZ +0.07 points	0.15%	0.08%
Lasalle Logiport Reit	HAUZ +0.07 points	0.16%	0.09%
Fabege AB	HAUZ +0.07 points	0.14%	0.07%
Lendlease Global Commercial REIT	HAUZ +0.06 points	0.13%	0.07%
Comforia Residen Reit	HAUZ +0.06 points	0.14%	0.07%
Hysan Development Co Ltd	HAUZ +0.06 points	0.13%	0.07%
Frontier Real Estate Investment	HAUZ +0.06 points	0.13%	0.07%
Mori Hills REIT Investment Corp	HAUZ +0.06 points	0.12%	0.06%
Aeon Reit Investment Corp	HAUZ +0.06 points	0.13%	0.07%
Hulic Reit Inc	HAUZ +0.06 points	0.12%	0.06%
Daiwa Office Investment Corp	HAUZ +0.05 points	0.11%	0.06%
Daiwa Securities Living Investment Corp	HAUZ +0.05 points	0.11%	0.06%
Mori Trust Sogo Reit Inc	HAUZ +0.05 points	0.12%	0.07%
Premier Investment Corp	HAUZ +0.05 points	0.11%	0.06%
Tokyu REIT Inc	HAUZ +0.05 points	0.11%	0.06%
Centuria Industrial Reit	HAUZ +0.05 points	0.12%	0.07%
Mitsubishi Estate Reit	HAUZ +0.05 points	0.11%	0.06%
Waypoint REIT Ltd	HAUZ +0.05 points	0.11%	0.06%
Japan Excellent Inc	HAUZ +0.04 points	0.10%	0.06%
Nippon Reit Investment	HAUZ +0.04 points	0.09%	0.05%
Hoshino Resorts REIT Inc	HAUZ +0.04 points	0.09%	0.05%
Global One Reit	HAUZ +0.04 points	0.08%	0.04%

All 410 HAUZ holdings⁠All 224 RWO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

HAUZ vs RWO Cost

Overpaying RWO vs HAUZ

$7,873

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

HAUZ 0.10%
$2,106
RWO 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

HAUZ 0.10%
RWO 0.50%
Overpaying

Year by year

Year	HAUZ	RWO	Overpaying
10	$183	$900	$717
20	$717	$3,460	$2,743
30	$2,106	$9,979	$7,873

Expense ratio

0.10%HAUZ, cheaper
0.50%RWO

HAUZ0.10%RWO0.50%

0.10%0.60%

Middle half of Global & International Real Estate funds
Median 0.49%

HAUZ cheapest of 18 funds

RWO 10th cheapest of 18 funds

HAUZ vs RWO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): HAUZ 3.81%, better; RWO 3.42%
Payout (12M): HAUZ $0.82; RWO $1.63
Last payment: HAUZ $0.24; RWO $0.43
Ex-dividend: HAUZ Jun 18, 2026; RWO Sep 21, 2026
Paid on: HAUZ Jun 26, 2026; RWO Sep 23, 2026
Frequency: HAUZ Twice a year; RWO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

HAUZTwice a year · 19 paymentsAll HAUZ payments⁠

RWOQuarterly · 39 paymentsAll RWO payments⁠

HAUZ vs RWO Risk

Fall from peak · 5 years

HAUZ
RWO

Risk facts

VolatilityStd dev, 3 years: HAUZ 16.4%RWO 15.5%, better
Return per unit of riskSharpe ratio, 3 years: HAUZ 0.33RWO 0.60, better
Worst fallMax drawdown, 5 years: HAUZ −33.6%RWO −32.8%, better
Market sensitivityBeta, 5 years: HAUZ 1.01RWO 0.91; Market = 1

HAUZ and RWO in the news

All news⁠

Deep Dive
Global real estate ETFs that are up for 2026 are built mostly of U.S. REITs
Oct 14, 2026HAUZRWO

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HAUZ vs RWO

In short

Stated mandate

Why people hold it

Worth knowing

How HAUZ and RWO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in HAUZ

Only in RWO

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Global real estate ETFs that are up for 2026 are built mostly of U.S. REITs

How HAUZ and RWO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in HAUZ

Only in RWO

Weight gaps