HWAY vs IGR
Themes US Infrastructure ETF vs CBRE Global Real Estate Income Fund
Which is better, HWAY or IGR?
HWAY has been ahead.
HWAY has a lower expense ratio. HWAY led over 1Y 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 | HWAY | IGR |
|---|---|---|
| Expense Ratio | 0.29%Best | 3.62% |
| AUM | $4M | $604M |
| Dividend Yield | 1.05% | 17.98% |
| Holdings | 197 | 83 |
| Volatility (annualized) | 21.0%Best | 24.3% |
| Max Drawdown | -25.8%Best | -29.5% |
| $10,000 over 1.9 years | $15,378Best | $9,579 |
| Fund Family | Themes ETFs | CBRE Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Sep 11, 2024 | Feb 18, 2004 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 78 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HWAY has data through Jul 28, 2026 and IGR through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Sep 12, 2024 to Jul 28, 2026 (1.9 years).
Risk: Volatility and Drawdowns
IGR has been the more volatile fund, with annualized monthly volatility of 24.3% compared with 21.0% for HWAY. 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 -25.8% for HWAY 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HWAY charges 0.29% per year while IGR charges 3.62%. On a $10,000 position that is $29 vs $362 annually, a gap of $333 per year that compounds over a long holding period. On income, HWAY currently yields 1.05% against 17.98% for IGR.
Holdings Overlap
We hold position weights for 99 holdings in HWAY and 81 in IGR, totalling 100.0% and 143.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 99 positions we hold weights for in HWAY and 81 in IGR, against full books of 197 and 83.
You are not choosing between two funds in isolation.
Whichever of HWAY 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, HWAY or IGR?
HWAY has an expense ratio of 0.29% while IGR charges 3.62%. HWAY is the cheaper option, by $333 a year on a $10,000 investment.
Which is riskier, HWAY or IGR?
IGR has been the more volatile fund at 24.3% annualized versus 21.0% for HWAY. Worst drawdown: HWAY -25.8% vs IGR -29.5%.
Should I hold both HWAY and IGR?
HWAY and IGR have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HWAY or IGR?
HWAY yields 1.05% while IGR yields 17.98%, so IGR currently pays the higher dividend yield.
Is IGR better than HWAY?
HWAY has a lower expense ratio. HWAY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.