Xtrackers International Real Estate ETF

HAUZ

市值 US$10.1億

State Street SPDR Dow Jones Global Real Estate ETF includes U.S. holdings, while Xtrackers International Real Estate ETF focuses solely on international markets. Xtrackers International Real Estate ETF is the more cost-effective option with an expense ratio of 0.1%.

The Schwab U.S. REIT ETF offers domestic real estate exposure with a lower expense ratio and higher liquidity than its international counterpart. The Xtrackers International Real Estate ETF provides exposure to non-U.S. holdings and a higher trailing-12-month dividend yield.

REITs are refusing to break despite another rate shock: the 10-Year Treasury reached 5%, yet REITs remain higher by roughly 7% in 2026 as the once-dominant rate correlation weakens further. Solid fundamentals are increasingly doing the heavy lifting, with healthy property-level cash flows, improving earnings visibility, strong dividend coverage, and better balance sheets helping REITs absorb the rate shock. Cooling supply increasingly reinforces fundamentals: excluding Data Centers, REIT development pipelines are roughly 40% below their 2022 peak and 2019 levels; Data Centers remain the exception at seven times 2019 levels.

GQRE includes exposure to domestic and international stocks and offers a higher dividend yield than HAUZ. HAUZ features a significantly lower expense ratio of 0.10% and a larger portfolio with more than 400 holdings.

U.S. equity markets pulled back from record highs this week as long-term Treasury yields remained elevated, with renewed fiscal concerns after federal debt crossed $40T. Oil prices extended their rebound as stalled Iran negotiations and severely depressed Strait of Hormuz tanker traffic kept geopolitical risk elevated, pushing WTI crude another 5% higher to nearly $87/barrel. Housing data remained soft as starts, pending sales, and builder sentiment stayed depressed amid mortgage rates near 6.7%, but weak construction continued to reinforce the underlying housing shortage.

The State Street SPDR Dow Jones REIT ETF (RWR) focuses exclusively on U.S. real estate investment trusts, while the Xtrackers International Real Estate ETF (HAUZ) provides exposure to international and emerging markets. HAUZ features a significantly lower expense ratio than RWR.

iShares Global REIT ETF (REET) provides exposure to both U.S. and international real estate markets, while Xtrackers International Real Estate ETF (HAUZ) focuses solely on regions outside the U.S. HAUZ carries a lower expense ratio of 0.1% and offers a higher dividend yield than its iShares counterpart. REET has significantly outperformed over the last year, delivering a 16.7% total return compared to 1.5% for the Xtrackers fund.

REITs concluded a surprisingly strong earnings season, with 83 REITs - or 83% - raising full-year FFO guidance, just 4% lowering, and the average outlook increasing 1.4% from prior guidance. Strong Fundamentals, Weak Tape: REITs slipped modestly during earnings season despite widespread guidance raises, as renewed interest-rate pressure outweighed improving property-level trends and earnings momentum. Upside standouts included Hotel, Industrial, Data Center, Billboard, Office, Senior Housing/Skilled Nursing, and Single-Family Rental REITs, while Self-Storage finally showed a convincing pricing inflection.

As REIT earnings season kicks into gear this week, we preview results and major sector trends based on recent operating indicators, company commentary, and real estate market data. REITs enter earnings season with solid momentum, outperforming the market despite elevated Treasury yields and geopolitical volatility, as investors refocus on earnings growth, property fundamentals, dividends, M&A, and capital allocation. Encouraging green shoots have become more plentiful, including resilient hotel demand, robust senior housing growth, improving apartment and industrial fundamentals, and a rebound in retail leasing following a softer Q1.

Vanguard Real Estate ETF provides exposure to domestic REITs, whereas Xtrackers International Real Estate ETF targets property markets outside the United States Xtrackers International Real Estate ETF features a lower expense ratio of 0.10% compared to 0.13% for Vanguard Real Estate ETF Vanguard Real Estate ETF has demonstrated significantly higher 1-year total returns and maintains a much larger assets under management (AUM)