CRED vs. RECS
Compare and contrast key facts about Columbia Research Enhanced Real Estate ETF (CRED) and Columbia Research Enhanced Core ETF (RECS).
CRED and RECS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRED is a passively managed fund by Columbia that tracks the performance of the Beta Advantage Lionstone Research Enhanced REIT Index - Benchmark TR Gross. It was launched on Apr 26, 2023. RECS is a passively managed fund by Ameriprise Financial that tracks the performance of the Beta Advantage Research Enhanced U.S. Equity Index. It was launched on Sep 25, 2019. Both CRED and RECS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CRED or RECS.
Key characteristics
| CRED | RECS | |
|---|---|---|
| YTD Return | 13.46% | 19.42% |
| 1Y Return | 25.11% | 27.82% |
| Sharpe Ratio | 1.25 | 2.36 |
| Daily Std Dev | 20.01% | 12.33% |
| Max Drawdown | -16.57% | -34.29% |
| Current Drawdown | 0.00% | -1.02% |
Correlation
The correlation between CRED and RECS is 0.45, 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.
Performance
CRED vs. RECS - Performance Comparison
In the year-to-date period, CRED achieves a 13.46% return, which is significantly lower than RECS's 19.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CRED vs. RECS - Expense Ratio Comparison
CRED has a 0.33% expense ratio, which is higher than RECS's 0.15% expense ratio.
Risk-Adjusted Performance
CRED vs. RECS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Real Estate ETF (CRED) and Columbia Research Enhanced Core ETF (RECS). 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.
Dividends
CRED vs. RECS - Dividend Comparison
CRED's dividend yield for the trailing twelve months is around 3.10%, more than RECS's 0.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
CRED Columbia Research Enhanced Real Estate ETF | 3.10% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% |
RECS Columbia Research Enhanced Core ETF | 0.84% | 1.00% | 1.41% | 20.64% | 1.09% | 0.49% |
Drawdowns
CRED vs. RECS - Drawdown Comparison
The maximum CRED drawdown since its inception was -16.57%, smaller than the maximum RECS drawdown of -34.29%. Use the drawdown chart below to compare losses from any high point for CRED and RECS. For additional features, visit the drawdowns tool.
Volatility
CRED vs. RECS - Volatility Comparison
The current volatility for Columbia Research Enhanced Real Estate ETF (CRED) is 2.99%, while Columbia Research Enhanced Core ETF (RECS) has a volatility of 3.87%. This indicates that CRED experiences smaller price fluctuations and is considered to be less risky than RECS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.