LPRE vs. REIT

Last updated Aug 2, 2026

LPRE (Long Pond Real Estate Select ETF) and REIT (ALPS Active REIT ETF) are both REIT funds. Both are actively managed. Over the past year, LPRE returned 18.79% vs 24.03% for REIT. Their correlation of 0.84 means they have usually moved in the same direction. LPRE charges 1.00%/yr vs 0.68%/yr for REIT.

Performance

LPRE vs. REIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Long Pond Real Estate Select ETF (LPRE) 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, LPRE achieves a 12.34% return, which is significantly lower than REIT's 20.23% return.

LPRE

• 1D: -1.06%
• 1M: -3.20%
• 6M: 11.04%
• YTD: 12.34%
• 1Y: 18.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.44%

REIT

• 1D: -0.31%
• 1M: 1.11%
• 6M: 17.22%
• YTD: 20.23%
• 1Y: 24.03%
• 3Y*: 10.70%
• 5Y*: 4.59%
• 10Y*: —
• ALL TIME*: 8.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LPRE Long Pond Real Estate Select ETF	$356.75K	$373.80K	$506.79K
REIT ALPS Active REIT ETF	$394.47K	$325.27K	$309.55K

LPRE vs. REIT - Yearly Performance Comparison

	2026 (YTD)	2025
LPRE Long Pond Real Estate Select ETF	12.34%	16.34%
REIT ALPS Active REIT ETF	20.23%	1.83%

Correlation

The correlation between LPRE and REIT is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.84

The correlation between LPRE and REIT has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

Return for Risk

LPRE vs. REIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LPRE

LPRE Risk / Return Rank: 50
LPRE Sharpe Ratio Rank: 49
LPRE Sortino Ratio Rank: 52
LPRE Omega Ratio Rank: 46
LPRE Calmar Ratio Rank: 50
LPRE Martin Ratio Rank: 53

REIT

REIT Risk / Return Rank: 79
REIT Sharpe Ratio Rank: 78
REIT Sortino Ratio Rank: 75
REIT Omega Ratio Rank: 75
REIT Calmar Ratio Rank: 85
REIT Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LPRE vs. REIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Long Pond Real Estate Select ETF (LPRE) 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.

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.

	LPRE	REIT	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.78	-0.55
Sortino ratio: Return per unit of downside risk	1.85	2.43	-0.58
Omega ratio: Gain probability vs. loss probability	1.22	1.31	-0.10
Calmar ratio: Return relative to maximum drawdown	1.81	3.23	-1.42
Martin ratio: Return relative to average drawdown	6.33	10.12	-3.79

LPRE vs. REIT - Sharpe Ratio Comparison

The current LPRE Sharpe Ratio is 1.23, which is lower than the REIT Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of LPRE 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.

Drawdowns

LPRE vs. REIT - Drawdown Comparison

The maximum LPRE drawdown since its inception was -10.33%, smaller than the maximum REIT drawdown of -29.30%. Use the drawdown chart below to compare losses from any high point for LPRE and REIT.

Drawdown Indicators

	LPRE	REIT	Difference
Max Drawdown Largest peak-to-trough decline	-10.33%	-29.30%	+18.97%
Max Drawdown (1Y) Largest decline over 1 year	-10.33%	-7.35%	-2.98%
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	-3.44%	-2.31%	-1.13%
Average Drawdown Average peak-to-trough decline	-2.02%	-10.09%	+8.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.34%	+0.60%

Volatility

LPRE vs. REIT - Volatility Comparison

Long Pond Real Estate Select ETF (LPRE) has a higher volatility of 4.85% compared to ALPS Active REIT ETF (REIT) at 4.58%. This indicates that LPRE'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

	LPRE	REIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	4.58%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	10.45%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	13.41%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	18.51%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	18.32%	-0.45%

LPRE vs. REIT - Expense Ratio Comparison

LPRE has a 1.00% expense ratio, which is higher than REIT's 0.68% expense ratio.

Dividends

LPRE vs. REIT - Dividend Comparison

LPRE's dividend yield for the trailing twelve months is around 1.70%, less than REIT's 2.65% yield.

Position	TTM	2025	2024	2023	2022	2021
LPRE Long Pond Real Estate Select ETF	1.70%	0.93%	0.00%	0.00%	0.00%	0.00%
REIT ALPS Active REIT ETF	2.65%	3.20%	3.06%	3.13%	2.81%	4.71%

Frequently Asked Questions

Can I hold both LPRE and REIT in my portfolio?

LPRE and REIT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LPRE or REIT?

LPRE has higher volatility (4.85%) compared to REIT (4.58%). In terms of maximum drawdown, LPRE dropped -10.33% vs REIT's -29.30%.

Which ETF is better, LPRE or REIT?

On 1-year performance, REIT leads with 24.03% vs 18.79% for LPRE. On fees, REIT is cheaper at 0.68% per year. On volatility, REIT has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LPRE or REIT?

Over the 1-year period, REIT has performed better with a 24.03% return vs 18.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LPRE or REIT?

REIT is cheaper with a 0.68% expense ratio, compared with 1.00% for LPRE.

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

REIT has the higher dividend yield at 2.65%, compared with 1.70% for LPRE.

What is the main difference between LPRE and REIT?

They also come from different issuers: Long Pond and ALPS. Their fees differ too: 1.00% for LPRE and 0.68% for REIT.

Which has better risk-adjusted returns?

REIT currently has the higher Sharpe Ratio (1.78 vs 1.23), 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.