CRED vs. REIT

Last updated Apr 2, 2026

Compare and contrast key facts about Columbia Research Enhanced Real Estate ETF (CRED) and ALPS Active REIT ETF (REIT).

CRED and REIT 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. REIT is an actively managed fund by ALPS. It was launched on Feb 24, 2021.

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.

CRED vs. REIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CRED Columbia Research Enhanced Real Estate ETF	3.55%	-2.30%	5.21%	13.18%
REIT ALPS Active REIT ETF	5.55%	-0.55%	7.11%	13.72%

Returns By Period

In the year-to-date period, CRED achieves a 3.55% return, which is significantly lower than REIT's 5.55% return.

CRED

• 1D: 0.42%
• 1M: -5.99%
• YTD: 3.55%
• 6M: -0.50%
• 1Y: 0.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

REIT

• 1D: 0.74%
• 1M: -5.16%
• YTD: 5.55%
• 6M: 3.85%
• 1Y: 4.13%
• 3Y*: 7.59%
• 5Y*: 5.11%
• 10Y*: —

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

CRED vs. REIT - Expense Ratio Comparison

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

REIT

ALPS Active REIT ETF

CRED

Columbia Research Enhanced Real Estate ETF

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: 12
CRED Sharpe Ratio Rank: 12
CRED Sortino Ratio Rank: 11
CRED Omega Ratio Rank: 11
CRED Calmar Ratio Rank: 13
CRED Martin Ratio Rank: 12

REIT

REIT Risk / Return Rank: 18
REIT Sharpe Ratio Rank: 18
REIT Sortino Ratio Rank: 17
REIT Omega Ratio Rank: 17
REIT Calmar Ratio Rank: 18
REIT Martin Ratio Rank: 20

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	0.02	0.26	-0.24
Sortino ratio Return per unit of downside risk	0.13	0.46	-0.32
Omega ratio Gain probability vs. loss probability	1.02	1.06	-0.04
Calmar ratio Return relative to maximum drawdown	0.04	0.32	-0.28
Martin ratio Return relative to average drawdown	0.12	1.18	-1.06
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 0.02, which is lower than the REIT Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of CRED and REIT, 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

	CRED	REIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	0.26	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.33	+0.08

Correlation

The correlation between CRED and REIT is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CRED vs. REIT - Dividend Comparison

CRED's dividend yield for the trailing twelve months is around 4.92%, more than REIT's 2.99% yield.

	TTM	2025	2024	2023	2022	2021
CRED Columbia Research Enhanced Real Estate ETF	4.92%	5.50%	4.82%	2.72%	0.00%	0.00%
REIT ALPS Active REIT ETF	2.99%	3.20%	3.06%	3.13%	2.81%	4.71%

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	-11.36%	-12.50%	+1.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.30%	—
Current Drawdown Current decline from peak	-7.24%	-5.16%	-2.08%
Average Drawdown Average peak-to-trough decline	-5.88%	-10.69%	+4.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	3.44%	+0.50%

Volatility

CRED vs. REIT - Volatility Comparison

The current volatility for Columbia Research Enhanced Real Estate ETF (CRED) is 4.35%, while ALPS Active REIT ETF (REIT) has a volatility of 4.60%. This indicates that CRED experiences smaller price fluctuations and is considered to be less risky than REIT based on this measure. 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	4.35%	4.60%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	9.05%	8.98%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	15.85%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	18.59%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	18.52%	-2.15%