DTRE vs. SPY
DTRE (First Trust Alerian Disruptive Technology Real Estate ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - DTRE is a REIT fund tracking the Alerian Disruptive Technology Real Estate Index - Benchmark TR Net, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, DTRE returned 2.67%/yr vs 15.53%/yr for SPY. A 0.64 correlation means they provide meaningful diversification when combined. DTRE charges 0.60%/yr vs 0.09%/yr for SPY.
Performance
DTRE vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, DTRE achieves a 7.24% return, which is significantly lower than SPY's 8.15% return. Over the past 10 years, DTRE has underperformed SPY with an annualized return of 2.67%, while SPY has yielded a comparatively higher 15.53% annualized return.
DTRE
- 1D
- 1.03%
- 1M
- -1.55%
- YTD
- 7.24%
- 6M
- 8.24%
- 1Y
- 7.12%
- 3Y*
- 6.36%
- 5Y*
- -1.17%
- 10Y*
- 2.67%
SPY
- 1D
- -1.45%
- 1M
- -1.36%
- YTD
- 8.15%
- 6M
- 7.20%
- 1Y
- 23.59%
- 3Y*
- 20.68%
- 5Y*
- 13.05%
- 10Y*
- 15.53%
DTRE vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DTRE First Trust Alerian Disruptive Technology Real Estate ETF | 7.24% | 8.32% | -9.71% | 13.89% | -26.53% | 27.43% | -8.81% | 21.84% | -4.96% | 10.88% |
SPY State Street SPDR S&P 500 ETF | 8.15% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between DTRE and SPY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007 | 0.64 |
Over the past year, the correlation between DTRE and SPY has dropped to 0.35 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
DTRE vs. SPY — Risk / Return Rank
DTRE
SPY
DTRE vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alerian Disruptive Technology Real Estate ETF (DTRE) and State Street SPDR S&P 500 ETF (SPY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DTRE | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.34 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.67 | -1.92 |
| Martin ratioReturn relative to average drawdown | 2.21 | 11.92 | -9.71 |
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Drawdowns
DTRE vs. SPY - Drawdown Comparison
The maximum DTRE drawdown since its inception was -72.26%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DTRE and SPY.
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Drawdown Indicators
| DTRE | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.26% | -55.19% | -17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -8.88% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.65% | -18.76% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -34.62% | -24.50% | -10.12% |
Max Drawdown (10Y)Largest decline over 10 years | -42.79% | -33.72% | -9.07% |
Current DrawdownCurrent decline from peak | -12.24% | -3.17% | -9.07% |
Average DrawdownAverage peak-to-trough decline | -16.87% | -9.04% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 1.98% | +1.25% |
Volatility
DTRE vs. SPY - Volatility Comparison
First Trust Alerian Disruptive Technology Real Estate ETF (DTRE) and State Street SPDR S&P 500 ETF (SPY) have volatilities of 4.79% and 4.87%, 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
| DTRE | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 4.87% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 9.85% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 12.50% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.11% | 17.15% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 17.95% | +0.58% |
DTRE vs. SPY - Expense Ratio Comparison
DTRE has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Dividends
DTRE vs. SPY - Dividend Comparison
DTRE's dividend yield for the trailing twelve months is around 3.35%, more than SPY's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTRE First Trust Alerian Disruptive Technology Real Estate ETF | 3.35% | 3.42% | 3.75% | 2.56% | 2.49% | 2.64% | 0.79% | 4.97% | 3.38% | 3.07% | 4.16% | 1.74% |
SPY State Street SPDR S&P 500 ETF | 1.03% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
DTRE and SPY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPY has higher volatility (4.87%) compared to DTRE (4.79%). In terms of maximum drawdown, DTRE dropped -72.26% vs SPY's -55.19%.
On 10-year performance, SPY leads with 15.53% vs 2.67% for DTRE. On fees, SPY is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPY has performed better with a 15.53% return vs 2.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPY is cheaper with a 0.09% expense ratio, compared with 0.60% for DTRE.
DTRE has the higher dividend yield at 3.35%, compared with 1.03% for SPY.
DTRE is categorized as REIT, while SPY is S&P 500. DTRE tracks Alerian Disruptive Technology Real Estate Index - Benchmark TR Net, while SPY tracks S&P 500 Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.60% for DTRE and 0.09% for SPY.
SPY currently has the higher Sharpe Ratio (1.90 vs 0.52), 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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