CRED vs. REIT

Last updated Jun 4, 2026

CRED (Columbia Research Enhanced Real Estate ETF) and REIT (ALPS Active REIT ETF) are both REIT funds. CRED is passively managed, while REIT is actively managed. Over the past 3 years, CRED returned 8.84%/yr vs 10.38%/yr for REIT. Their correlation of 0.92 suggests significant overlap in exposure. CRED charges 0.33%/yr vs 0.68%/yr for REIT.

Performance

CRED vs. REIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Real Estate ETF (CRED) and ALPS Active REIT ETF (REIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRED achieves a 12.18% return, which is significantly lower than REIT's 12.80% return.

CRED

• 1D: -0.33%
• 1M: 0.65%
• YTD: 12.18%
• 6M: 12.65%
• 1Y: 8.89%
• 3Y*: 8.84%
• 5Y*: —
• 10Y*: —

REIT

• 1D: 0.05%
• 1M: 0.26%
• YTD: 12.80%
• 6M: 12.21%
• 1Y: 13.48%
• 3Y*: 10.38%
• 5Y*: 4.37%
• 10Y*: —

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

CRED vs. REIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CRED Columbia Research Enhanced Real Estate ETF	12.18%	-2.30%	5.21%	13.18%
REIT ALPS Active REIT ETF	12.80%	-0.55%	7.11%	13.72%

Correlation

The correlation between CRED and REIT is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023	0.92

The correlation between CRED and REIT has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

CRED vs. REIT - Sectors Allocation Comparison

Sectors	CRED	REIT
Real Estate	99.3%	100.0%
Financial Services	0.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

CRED vs. REIT — Risk / Return Rank

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

CRED

CRED Risk / Return Rank: 21
CRED Sharpe Ratio Rank: 21
CRED Sortino Ratio Rank: 20
CRED Omega Ratio Rank: 20
CRED Calmar Ratio Rank: 24
CRED Martin Ratio Rank: 21

REIT

REIT Risk / Return Rank: 31
REIT Sharpe Ratio Rank: 29
REIT Sortino Ratio Rank: 27
REIT Omega Ratio Rank: 27
REIT Calmar Ratio Rank: 37
REIT Martin Ratio Rank: 35

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.

CRED vs. REIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Real Estate ETF (CRED) and ALPS Active REIT ETF (REIT). 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.

	CRED	REIT	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.06	-0.36
Sortino ratio: Return per unit of downside risk	1.02	1.46	-0.44
Omega ratio: Gain probability vs. loss probability	1.13	1.19	-0.06
Calmar ratio: Return relative to maximum drawdown	1.07	1.84	-0.77
Martin ratio: Return relative to average drawdown	2.42	5.33	-2.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRED vs. REIT - Sharpe Ratio Comparison

The current CRED Sharpe Ratio is 0.70, which is lower than the REIT Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of CRED and REIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRED	REIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.06	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.39	+0.16

Drawdowns

CRED vs. REIT - Drawdown Comparison

The maximum CRED drawdown since its inception was -17.59%, smaller than the maximum REIT drawdown of -29.30%. Use the drawdown chart below to compare losses from any high point for CRED and REIT.

Drawdown Indicators

	CRED	REIT	Difference
Max Drawdown Largest peak-to-trough decline	-17.59%	-29.30%	+11.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-7.35%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-17.59%	-18.19%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.30%	—
Current Drawdown Current decline from peak	-2.51%	-2.65%	+0.14%
Average Drawdown Average peak-to-trough decline	-5.65%	-10.38%	+4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	2.53%	+1.15%

Volatility

CRED vs. REIT - Volatility Comparison

Columbia Research Enhanced Real Estate ETF (CRED) and ALPS Active REIT ETF (REIT) have volatilities of 3.76% and 3.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRED	REIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	3.80%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	9.01%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	12.78%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	18.45%	-2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	18.38%	-2.14%

CRED vs. REIT - Expense Ratio Comparison

CRED has a 0.33% expense ratio, which is lower than REIT's 0.68% expense ratio.

Dividends

CRED vs. REIT - Dividend Comparison

CRED's dividend yield for the trailing twelve months is around 4.54%, more than REIT's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021
CRED Columbia Research Enhanced Real Estate ETF	4.54%	5.50%	4.82%	2.72%	0.00%	0.00%
REIT ALPS Active REIT ETF	2.80%	3.20%	3.06%	3.13%	2.81%	4.71%

Frequently Asked Questions

Can I hold both CRED and REIT in my portfolio?

With a correlation of 0.92, CRED and REIT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CRED or REIT?

REIT has higher volatility (3.80%) compared to CRED (3.76%). In terms of maximum drawdown, CRED dropped -17.59% vs REIT's -29.30%.

Which ETF is better, CRED or REIT?

On 3-year performance, REIT leads with 10.38% vs 8.84% for CRED. On fees, CRED is cheaper at 0.33% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRED or REIT?

Over the 3-year period, REIT has performed better with a 10.38% return vs 8.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRED or REIT?

CRED is cheaper with a 0.33% expense ratio, compared with 0.68% for REIT.

Which ETF pays a higher dividend yield, CRED or REIT?

CRED has the higher dividend yield at 4.54%, compared with 2.80% for REIT.

What is the main difference between CRED and REIT?

They also come from different issuers: Columbia and ALPS. Their fees differ too: 0.33% for CRED and 0.68% for REIT.

Which has better risk-adjusted returns?

REIT currently has the higher Sharpe Ratio (1.06 vs 0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.