BWTG vs IGR
Brendan Wood TopGun ETF vs CBRE Global Real Estate Income Fund
Which is better, BWTG or IGR?
BWTG has been ahead.
BWTG has a lower expense ratio. BWTG led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BWTG | IGR |
|---|---|---|
| Expense Ratio | 0.95%Best | 3.62% |
| AUM | $21M | $604M |
| Dividend Yield | 0.33% | 17.98% |
| Holdings | 42 | 83 |
| YTD Return | +5.61%Best | -5.11% |
| 1Y Return | +10.02%Best | -12.88% |
| 3Y Return (annualized) | +19.00%Best | +8.88% |
| 5Y Return (annualized) | - | -4.53% |
| Volatility (annualized) | 11.8%Best | 27.2% |
| Max Drawdown | -13.2%Best | -29.5% |
| $10,000 over 2.9 years | $16,561Best | $13,348 |
| Fund Family | Brendan Wood TopGun | CBRE Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Nov 9, 2023 | Feb 18, 2004 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 9, 2023 to Oct 14, 2026 (2.9 years).
BWTG vs IGR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
BWTG vs IGR Performance
Brendan Wood TopGun ETF (BWTG) is an ETF from Brendan Wood TopGun and CBRE Global Real Estate Income Fund (IGR) is an ETF from CBRE Investment Management. Over the past year BWTG returned +10.02% while IGR returned -12.88%. Year to date, BWTG is up 5.61% versus a loss of 5.11% for IGR.
Over three years, BWTG compounded at +19.00% per year against +8.88% for IGR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IGR has been the more volatile fund, with annualized monthly volatility of 27.2% compared with 11.8% for BWTG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.2% for BWTG and -29.5% for IGR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BWTG charges 0.95% per year while IGR charges 3.62%. On a $10,000 position that is $95 vs $362 annually, a gap of $267 per year that compounds over a long holding period. On income, BWTG currently yields 0.33% against 17.98% for IGR.
Holdings Overlap
At least 9.8% of BWTG's money is in holdings IGR also owns.
Only one direction is shown: for IGR, our book for it lists positions totalling 143.8% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
BWTG and IGR share little of their money.
The two holdings books were reported 94 days apart, BWTG as of Oct 2, 2026 and IGR as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 20 positions we hold weights for in BWTG and 81 in IGR, against full books of 42 and 83.
You are not choosing between two funds in isolation.
Whichever of BWTG and IGR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BWTG or IGR?
BWTG has an expense ratio of 0.95% while IGR charges 3.62%. BWTG is the cheaper option, by $267 a year on a $10,000 investment.
Which performed better, BWTG or IGR?
Over the past year BWTG returned +10.02% vs -12.88% for IGR, so BWTG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BWTG or IGR?
IGR has been the more volatile fund at 27.2% annualized versus 11.8% for BWTG. Worst drawdown: BWTG -13.2% vs IGR -29.5%.
Should I hold both BWTG and IGR?
BWTG and IGR have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BWTG and IGR?
At least 9.8% of BWTG's money is in holdings IGR also owns. Our book for IGR is partial, so the real figure is this or higher. They hold 2 positions in common, counted across the 20 positions we hold weights for in BWTG and 81 in IGR.
Which pays a higher dividend, BWTG or IGR?
BWTG yields 0.33% while IGR yields 17.98%, so IGR currently pays the higher dividend yield.
Is IGR better than BWTG?
BWTG has a lower expense ratio. BWTG led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.