ERET vs. REIT

Last updated Jun 5, 2026

ERET (Ishares Environmentally Aware Real Estate ETF) and REIT (ALPS Active REIT ETF) are both REIT funds. ERET is passively managed, while REIT is actively managed. Over the past 3 years, ERET returned 9.19%/yr vs 11.03%/yr for REIT. Their correlation of 0.92 suggests significant overlap in exposure. ERET charges 0.30%/yr vs 0.68%/yr for REIT.

Performance

ERET vs. REIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Environmentally Aware Real Estate ETF (ERET) 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, ERET achieves a 6.77% return, which is significantly lower than REIT's 14.13% return.

ERET

• 1D: 0.93%
• 1M: -1.71%
• YTD: 6.77%
• 6M: 7.14%
• 1Y: 11.24%
• 3Y*: 9.19%
• 5Y*: —
• 10Y*: —

REIT

• 1D: 1.18%
• 1M: 1.06%
• YTD: 14.13%
• 6M: 14.05%
• 1Y: 14.82%
• 3Y*: 11.03%
• 5Y*: 4.62%
• 10Y*: —

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

ERET vs. REIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ERET Ishares Environmentally Aware Real Estate ETF	6.77%	10.26%	0.60%	10.25%	0.29%
REIT ALPS Active REIT ETF	14.13%	-0.55%	7.11%	13.74%	-0.93%

Correlation

The correlation between ERET and REIT is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 18, 2022	0.92

The correlation between ERET and REIT has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

ERET vs. REIT - Sectors Allocation Comparison

Sectors	ERET	REIT
Real Estate	99.7%	100.0%
Technology	0.2%	-
Consumer Cyclical	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Utilities	-	-

Return for Risk

ERET vs. REIT — Risk / Return Rank

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

ERET

ERET Risk / Return Rank: 26
ERET Sharpe Ratio Rank: 27
ERET Sortino Ratio Rank: 26
ERET Omega Ratio Rank: 26
ERET Calmar Ratio Rank: 24
ERET Martin Ratio Rank: 29

REIT

REIT Risk / Return Rank: 35
REIT Sharpe Ratio Rank: 33
REIT Sortino Ratio Rank: 30
REIT Omega Ratio Rank: 31
REIT Calmar Ratio Rank: 42
REIT Martin Ratio Rank: 38

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.

ERET vs. REIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Environmentally Aware Real Estate ETF (ERET) 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.

	ERET	REIT	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.16	-0.22
Sortino ratio: Return per unit of downside risk	1.34	1.59	-0.24
Omega ratio: Gain probability vs. loss probability	1.17	1.21	-0.03
Calmar ratio: Return relative to maximum drawdown	1.08	2.02	-0.95
Martin ratio: Return relative to average drawdown	4.04	5.86	-1.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ERET vs. REIT - Sharpe Ratio Comparison

The current ERET Sharpe Ratio is 0.94, which is comparable to the REIT Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of ERET 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

	ERET	REIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	1.16	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.40	+0.10

Drawdowns

ERET vs. REIT - Drawdown Comparison

The maximum ERET drawdown since its inception was -20.30%, smaller than the maximum REIT drawdown of -29.30%. Use the drawdown chart below to compare losses from any high point for ERET and REIT.

Drawdown Indicators

	ERET	REIT	Difference
Max Drawdown Largest peak-to-trough decline	-20.30%	-29.30%	+9.00%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-7.35%	-3.12%
Max Drawdown (3Y) Largest decline over 3 years	-17.61%	-18.19%	+0.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.30%	—
Current Drawdown Current decline from peak	-3.79%	-1.50%	-2.29%
Average Drawdown Average peak-to-trough decline	-5.83%	-10.37%	+4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.54%	+0.25%

Volatility

ERET vs. REIT - Volatility Comparison

Ishares Environmentally Aware Real Estate ETF (ERET) and ALPS Active REIT ETF (REIT) have volatilities of 4.04% and 3.96%, 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

	ERET	REIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	3.96%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	9.24%	9.06%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	12.82%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.77%	18.46%	-2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.77%	18.38%	-2.61%

ERET vs. REIT - Expense Ratio Comparison

ERET has a 0.30% expense ratio, which is lower than REIT's 0.68% expense ratio.

Dividends

ERET vs. REIT - Dividend Comparison

ERET's dividend yield for the trailing twelve months is around 3.55%, more than REIT's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021
ERET Ishares Environmentally Aware Real Estate ETF	3.55%	3.79%	4.26%	3.67%	0.64%	0.00%
REIT ALPS Active REIT ETF	2.76%	3.20%	3.06%	3.13%	2.81%	4.71%

Frequently Asked Questions

Can I hold both ERET and REIT in my portfolio?

ERET and REIT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ERET or REIT?

ERET has higher volatility (4.04%) compared to REIT (3.96%). In terms of maximum drawdown, ERET dropped -20.30% vs REIT's -29.30%.

Which ETF is better, ERET or REIT?

On 3-year performance, REIT leads with 11.03% vs 9.19% for ERET. On fees, ERET is cheaper at 0.30% 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, ERET or REIT?

Over the 3-year period, REIT has performed better with a 11.03% return vs 9.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ERET or REIT?

ERET is cheaper with a 0.30% expense ratio, compared with 0.68% for REIT.

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

ERET has the higher dividend yield at 3.55%, compared with 2.76% for REIT.

What is the main difference between ERET and REIT?

They also come from different issuers: iShares and ALPS. Their fees differ too: 0.30% for ERET and 0.68% for REIT.

Which has better risk-adjusted returns?

REIT currently has the higher Sharpe Ratio (1.16 vs 0.94), 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.