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CRED vs. REM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CRED vs. REM

Last updated Jun 4, 2026

CRED (Columbia Research Enhanced Real Estate ETF) and REM (iShares Mortgage Real Estate ETF) are both REIT funds - CRED tracks the Beta Advantage Lionstone Research Enhanced REIT Index - Benchmark TR Gross while REM tracks the FTSE NAREIT All Mortgage Capped Index. Both are passively managed. Over the past 3 years, CRED returned 8.84%/yr vs 8.00%/yr for REM. A 0.62 correlation means they provide meaningful diversification when combined. CRED charges 0.33%/yr vs 0.48%/yr for REM.

Performance

CRED vs. REM - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, CRED achieves a 12.18% return, which is significantly higher than REM's -2.10% return.

CRED

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

REM

1D
-1.24%
1M
-4.86%
YTD
-2.10%
6M
-2.10%
1Y
11.53%
3Y*
8.00%
5Y*
-2.48%
10Y*
2.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CRED vs. REM - Yearly Performance Comparison

2026 (YTD)202520242023
CRED
Columbia Research Enhanced Real Estate ETF		12.18%-2.30%5.21%13.18%
REM
iShares Mortgage Real Estate ETF		-2.10%13.30%-1.00%21.10%

Correlation

The correlation between CRED and REM is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Apr 27, 2023

0.62

The correlation between CRED and REM has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.

CRED vs. REM - Sectors Allocation Comparison

Sectors
CRED
REM

Real Estate

99.3%
97.2%

Financial Services

0.5%
2.4%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

CRED
99.3%
REM
97.2%

Financial Services

CRED
0.5%
REM
2.4%

Basic Materials

CRED

-

REM

-

Communication Services

CRED

-

REM

-

Consumer Cyclical

CRED

-

REM

-

Consumer Defensive

CRED

-

REM

-

Energy

CRED

-

REM

-

Healthcare

CRED

-

REM

-

Industrials

CRED

-

REM

-

Technology

CRED

-

REM

-

Utilities

CRED

-

REM

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Columbia Research Enhanced Real Estate ETF

iShares Mortgage Real Estate ETF

Often compared with CRED:
CRED vs. RECSCRED vs. UCONCRED vs. WELLCRED vs. VOOCRED vs. EQINCRED vs. PFFRCRED vs. QQQ
Often compared with REM:
REM vs. MORTREM vs. VNQREM vs. REETREM vs. IYRREM vs. NLYREM vs. OREM vs. QQQ

Return for Risk

CRED vs. REM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CRED
CRED Risk / Return Rank: 2121
Overall Rank
CRED Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
CRED Sortino Ratio Rank: 2020
Sortino Ratio Rank
CRED Omega Ratio Rank: 2020
Omega Ratio Rank
CRED Calmar Ratio Rank: 2424
Calmar Ratio Rank
CRED Martin Ratio Rank: 2121
Martin Ratio Rank
REM
REM Risk / Return Rank: 2020
Overall Rank
REM Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
REM Sortino Ratio Rank: 2020
Sortino Ratio Rank
REM Omega Ratio Rank: 1919
Omega Ratio Rank
REM Calmar Ratio Rank: 1919
Calmar Ratio Rank
REM Martin Ratio Rank: 2020
Martin Ratio Rank
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. REM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Real Estate ETF (CRED) and iShares Mortgage Real Estate ETF (REM). 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.

CREDREMDifference
Sharpe ratioReturn per unit of total volatility
0.70
0.69

+0.01

Sortino ratioReturn per unit of downside risk
1.02
1.04

-0.03

Omega ratioGain probability vs. loss probability

1.13

1.13

0.00

Calmar ratioReturn relative to maximum drawdown

1.07

0.81

+0.26

Martin ratioReturn relative to average drawdown

2.42

2.33

+0.09

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. REM - Sharpe Ratio Comparison

The current CRED Sharpe Ratio is 0.70, which is comparable to the REM Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of CRED and REM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CREDREMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.70

0.69

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

-0.11

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.09

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

-0.05

+0.60

Drawdowns

CRED vs. REM - Drawdown Comparison

The maximum CRED drawdown since its inception was -17.59%, smaller than the maximum REM drawdown of -74.73%. Use the drawdown chart below to compare losses from any high point for CRED and REM.

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Drawdown Indicators

CREDREMDifference

Max Drawdown

Largest peak-to-trough decline

-17.59%

-74.73%

+57.14%

Max Drawdown (1Y)

Largest decline over 1 year

-8.32%

-14.25%

+5.93%

Max Drawdown (3Y)

Largest decline over 3 years

-17.59%

-21.91%

+4.32%

Max Drawdown (5Y)

Largest decline over 5 years

—

-43.31%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-68.52%

—

Current Drawdown

Current decline from peak

-2.51%

-23.85%

+21.34%

Average Drawdown

Average peak-to-trough decline

-5.65%

-38.35%

+32.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.68%

4.95%

-1.27%

Volatility

CRED vs. REM - Volatility Comparison

Columbia Research Enhanced Real Estate ETF (CRED) and iShares Mortgage Real Estate ETF (REM) have volatilities of 3.76% and 3.81%, 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.

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Volatility by Period

CREDREMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

3.81%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

9.32%

13.01%

-3.69%

Volatility (1Y)

Calculated over the trailing 1-year period

12.73%

16.85%

-4.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.24%

23.57%

-7.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.24%

28.27%

-12.03%

CRED vs. REM - Expense Ratio Comparison

CRED has a 0.33% expense ratio, which is lower than REM's 0.48% expense ratio.

Dividends

CRED vs. REM - Dividend Comparison

CRED's dividend yield for the trailing twelve months is around 4.54%, less than REM's 9.19% yield.

PositionTTM20252024202320222021202020192018201720162015
CRED
Columbia Research Enhanced Real Estate ETF		4.54%5.50%4.82%2.72%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
REM
iShares Mortgage Real Estate ETF		9.19%8.70%9.61%9.46%11.13%7.29%7.72%8.16%10.00%9.97%10.03%11.99%

Frequently Asked Questions

CRED and REM have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

REM has higher volatility (3.81%) compared to CRED (3.76%). In terms of maximum drawdown, CRED dropped -17.59% vs REM's -74.73%.

On 3-year performance, CRED leads with 8.84% vs 8.00% for REM. 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.

Over the 3-year period, CRED has performed better with a 8.84% return vs 8.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

CRED is cheaper with a 0.33% expense ratio, compared with 0.48% for REM.

REM has the higher dividend yield at 9.19%, compared with 4.54% for CRED.

CRED tracks Beta Advantage Lionstone Research Enhanced REIT Index - Benchmark TR Gross, while REM tracks FTSE NAREIT All Mortgage Capped Index. They also come from different issuers: Columbia and iShares. Their fees differ too: 0.33% for CRED and 0.48% for REM.

CRED currently has the higher Sharpe Ratio (0.70 vs 0.69), 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.

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