ACRE vs. SPYD

Last updated Apr 2, 2026

Compare and contrast key facts about Ares Commercial Real Estate Corporation (ACRE) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).

SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.

Performance

ACRE vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ares Commercial Real Estate Corporation (ACRE) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

ACRE vs. SPYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACRE Ares Commercial Real Estate Corporation	1.90%	-7.92%	-34.00%	15.56%	-20.44%	34.30%	-13.84%	32.33%	10.33%	1.93%
SPYD SPDR Portfolio S&P 500 High Dividend ETF	5.92%	4.65%	15.34%	3.91%	-1.17%	32.73%	-11.64%	21.20%	-4.89%	12.67%

Returns By Period

In the year-to-date period, ACRE achieves a 1.90% return, which is significantly lower than SPYD's 5.92% return. Over the past 10 years, ACRE has underperformed SPYD with an annualized return of 2.62%, while SPYD has yielded a comparatively higher 8.45% annualized return.

ACRE

• 1D: -1.67%
• 1M: -6.33%
• YTD: 1.90%
• 6M: 11.38%
• 1Y: 17.84%
• 3Y*: -7.98%
• 5Y*: -8.65%
• 10Y*: 2.62%

SPYD

• 1D: -0.37%
• 1M: -4.38%
• YTD: 5.92%
• 6M: 4.97%
• 1Y: 7.58%
• 3Y*: 11.05%
• 5Y*: 7.71%
• 10Y*: 8.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ACRE vs. SPYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACRE

ACRE Risk / Return Rank: 55
ACRE Sharpe Ratio Rank: 55
ACRE Sortino Ratio Rank: 54
ACRE Omega Ratio Rank: 51
ACRE Calmar Ratio Rank: 57
ACRE Martin Ratio Rank: 59

SPYD

SPYD Risk / Return Rank: 25
SPYD Sharpe Ratio Rank: 26
SPYD Sortino Ratio Rank: 25
SPYD Omega Ratio Rank: 24
SPYD Calmar Ratio Rank: 25
SPYD Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACRE vs. SPYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ares Commercial Real Estate Corporation (ACRE) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ACRE	SPYD	Difference
Sharpe ratio Return per unit of total volatility	0.42	0.49	-0.06
Sortino ratio Return per unit of downside risk	1.00	0.78	+0.22
Omega ratio Gain probability vs. loss probability	1.12	1.10	+0.01
Calmar ratio Return relative to maximum drawdown	0.68	0.59	+0.09
Martin ratio Return relative to average drawdown	1.76	2.09	-0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACRE vs. SPYD - Sharpe Ratio Comparison

The current ACRE Sharpe Ratio is 0.42, which is comparable to the SPYD Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of ACRE and SPYD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ACRE	SPYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	0.49	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	0.48	-0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	0.43	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.45	-0.44

Correlation

The correlation between ACRE and SPYD is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ACRE vs. SPYD - Dividend Comparison

ACRE's dividend yield for the trailing twelve months is around 12.71%, more than SPYD's 4.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACRE Ares Commercial Real Estate Corporation	12.71%	12.55%	16.98%	13.13%	13.61%	9.63%	11.08%	8.33%	8.90%	8.37%	7.57%	8.74%
SPYD SPDR Portfolio S&P 500 High Dividend ETF	4.38%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%

Drawdowns

ACRE vs. SPYD - Drawdown Comparison

The maximum ACRE drawdown since its inception was -75.68%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for ACRE and SPYD.

Drawdown Indicators

	ACRE	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-75.68%	-46.42%	-29.26%
Max Drawdown (1Y) Largest decline over 1 year	-21.52%	-12.35%	-9.17%
Max Drawdown (5Y) Largest decline over 5 years	-67.51%	-22.25%	-45.26%
Max Drawdown (10Y) Largest decline over 10 years	-75.68%	-46.42%	-29.26%
Current Drawdown Current decline from peak	-50.34%	-4.70%	-45.64%
Average Drawdown Average peak-to-trough decline	-19.48%	-6.24%	-13.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.84%	3.47%	+5.37%

Volatility

ACRE vs. SPYD - Volatility Comparison

Ares Commercial Real Estate Corporation (ACRE) has a higher volatility of 7.45% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.03%. This indicates that ACRE's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACRE	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	3.03%	+4.42%
Volatility (6M) Calculated over the trailing 6-month period	27.43%	8.61%	+18.82%
Volatility (1Y) Calculated over the trailing 1-year period	42.62%	15.67%	+26.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.49%	16.24%	+19.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.01%	19.80%	+25.21%