ELFY vs. REIT

Last updated Jun 4, 2026

ELFY (ALPS Electrification Infrastructure ETF) and REIT (ALPS Active REIT ETF) are both exchange-traded funds - ELFY is a Utilities Equities fund tracking the Ladenburg Thalmann Electrification Infrastructure Index, while REIT is a REIT fund actively managed by ALPS. ELFY is passively managed, while REIT is actively managed. Over the past year, ELFY returned 47.53% vs 13.48% for REIT. At a 0.39 correlation, their price movements are largely independent. ELFY charges 0.50%/yr vs 0.68%/yr for REIT.

Performance

ELFY vs. REIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Electrification Infrastructure ETF (ELFY) 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, ELFY achieves a 29.07% return, which is significantly higher than REIT's 12.80% return.

ELFY

• 1D: -0.67%
• 1M: 3.53%
• YTD: 29.07%
• 6M: 26.90%
• 1Y: 47.53%
• 3Y*: —
• 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)

ELFY vs. REIT - Yearly Performance Comparison

	2026 (YTD)	2025
ELFY ALPS Electrification Infrastructure ETF	29.07%	35.82%
REIT ALPS Active REIT ETF	12.80%	8.17%

Correlation

The correlation between ELFY and REIT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Apr 11, 2025	0.39

ELFY vs. REIT - Sectors Allocation Comparison

Sectors	ELFY	REIT
Utilities	33.9%	-
Industrials	31.3%	-
Technology	18.1%	-
Energy	13.1%	-
Basic Materials	3.6%	-
Consumer Cyclical	0.5%	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	100.0%

Return for Risk

ELFY vs. REIT — Risk / Return Rank

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

ELFY

ELFY Risk / Return Rank: 79
ELFY Sharpe Ratio Rank: 77
ELFY Sortino Ratio Rank: 73
ELFY Omega Ratio Rank: 69
ELFY Calmar Ratio Rank: 90
ELFY Martin Ratio Rank: 86

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.

ELFY vs. REIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Electrification Infrastructure ETF (ELFY) 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.

	ELFY	REIT	Difference
Sharpe ratio: Return per unit of total volatility	2.52	1.06	+1.46
Sortino ratio: Return per unit of downside risk	3.33	1.46	+1.87
Omega ratio: Gain probability vs. loss probability	1.42	1.19	+0.23
Calmar ratio: Return relative to maximum drawdown	5.70	1.84	+3.86
Martin ratio: Return relative to average drawdown	18.16	5.33	+12.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELFY vs. REIT - Sharpe Ratio Comparison

The current ELFY Sharpe Ratio is 2.52, which is higher than the REIT Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of ELFY 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

	ELFY	REIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	1.06	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.36	0.39	+2.97

Drawdowns

ELFY vs. REIT - Drawdown Comparison

The maximum ELFY drawdown since its inception was -8.37%, smaller than the maximum REIT drawdown of -29.30%. Use the drawdown chart below to compare losses from any high point for ELFY and REIT.

Drawdown Indicators

	ELFY	REIT	Difference
Max Drawdown Largest peak-to-trough decline	-8.37%	-29.30%	+20.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.37%	-7.35%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.30%	—
Current Drawdown Current decline from peak	-0.67%	-2.65%	+1.98%
Average Drawdown Average peak-to-trough decline	-1.60%	-10.38%	+8.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	2.53%	+0.09%

Volatility

ELFY vs. REIT - Volatility Comparison

ALPS Electrification Infrastructure ETF (ELFY) has a higher volatility of 7.28% compared to ALPS Active REIT ETF (REIT) at 3.80%. This indicates that ELFY's price experiences larger fluctuations and is considered to be riskier than REIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELFY	REIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	3.80%	+3.48%
Volatility (6M) Calculated over the trailing 6-month period	14.87%	9.01%	+5.86%
Volatility (1Y) Calculated over the trailing 1-year period	18.98%	12.78%	+6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	18.45%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.99%	18.38%	+0.61%

ELFY vs. REIT - Expense Ratio Comparison

ELFY has a 0.50% expense ratio, which is lower than REIT's 0.68% expense ratio.

Dividends

ELFY vs. REIT - Dividend Comparison

ELFY's dividend yield for the trailing twelve months is around 0.82%, less than REIT's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021
ELFY ALPS Electrification Infrastructure ETF	0.82%	0.76%	0.00%	0.00%	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 ELFY and REIT in my portfolio?

ELFY and REIT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELFY or REIT?

ELFY has higher volatility (7.28%) compared to REIT (3.80%). In terms of maximum drawdown, ELFY dropped -8.37% vs REIT's -29.30%.

Which ETF is better, ELFY or REIT?

On 1-year performance, ELFY leads with 47.53% vs 13.48% for REIT. On fees, ELFY is cheaper at 0.50% per year. On volatility, REIT has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELFY or REIT?

Over the 1-year period, ELFY has performed better with a 47.53% return vs 13.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELFY or REIT?

ELFY is cheaper with a 0.50% expense ratio, compared with 0.68% for REIT.

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

REIT has the higher dividend yield at 2.80%, compared with 0.82% for ELFY.

What is the main difference between ELFY and REIT?

ELFY is categorized as Utilities Equities, while REIT is REIT. Their fees differ too: 0.50% for ELFY and 0.68% for REIT.

Which has better risk-adjusted returns?

ELFY currently has the higher Sharpe Ratio (2.52 vs 1.06), 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.