PPTY vs. AKAF

Last updated Aug 2, 2026

PPTY (US Diversified Real Estate ETF) and AKAF (The Frontier Economic Fund) are both exchange-traded funds - PPTY is a REIT fund tracking the USREX - U.S. Diversified Real Estate Index, while AKAF is a Global Equities fund tracking the Alaska Last Frontier Index. Both are passively managed. Over the past year, PPTY returned 20.67% vs 28.95% for AKAF. Their 0.49 correlation means their historical movements had little consistent relationship. PPTY charges 0.49%/yr vs 0.20%/yr for AKAF.

Performance

PPTY vs. AKAF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Diversified Real Estate ETF (PPTY) and The Frontier Economic Fund (AKAF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPTY achieves a 16.67% return, which is significantly higher than AKAF's 10.95% return.

PPTY

• 1D: -0.59%
• 1M: 0.11%
• 6M: 14.60%
• YTD: 16.67%
• 1Y: 20.67%
• 3Y*: 8.78%
• 5Y*: 2.69%
• 10Y*: —
• ALL TIME*: 7.51%

AKAF

• 1D: -0.07%
• 1M: 0.85%
• 6M: 3.76%
• YTD: 10.95%
• 1Y: 28.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.07%

*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)
AKAF The Frontier Economic Fund	$576.73	$1.24K	$1.57K
PPTY US Diversified Real Estate ETF	$217.61K	$190.74K	$109.18K

PPTY vs. AKAF - Yearly Performance Comparison

	2026 (YTD)	2025
PPTY US Diversified Real Estate ETF	16.67%	2.17%
AKAF The Frontier Economic Fund	10.95%	17.17%

Correlation

The correlation between PPTY and AKAF is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.49

Return for Risk

PPTY vs. AKAF — Risk / Return Rank

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

PPTY

PPTY Risk / Return Rank: 62
PPTY Sharpe Ratio Rank: 61
PPTY Sortino Ratio Rank: 61
PPTY Omega Ratio Rank: 55
PPTY Calmar Ratio Rank: 70
PPTY Martin Ratio Rank: 62

AKAF

AKAF Risk / Return Rank: 80
AKAF Sharpe Ratio Rank: 80
AKAF Sortino Ratio Rank: 80
AKAF Omega Ratio Rank: 80
AKAF Calmar Ratio Rank: 81
AKAF Martin Ratio Rank: 78

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.

PPTY vs. AKAF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) and The Frontier Economic Fund (AKAF). 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.

	PPTY	AKAF	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.87	-0.45
Sortino ratio: Return per unit of downside risk	2.06	2.61	-0.55
Omega ratio: Gain probability vs. loss probability	1.25	1.34	-0.09
Calmar ratio: Return relative to maximum drawdown	2.45	2.98	-0.53
Martin ratio: Return relative to average drawdown	7.57	10.08	-2.51

PPTY vs. AKAF - Sharpe Ratio Comparison

The current PPTY Sharpe Ratio is 1.43, which is comparable to the AKAF Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of PPTY and AKAF, 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

PPTY vs. AKAF - Drawdown Comparison

The maximum PPTY drawdown since its inception was -41.69%, which is greater than AKAF's maximum drawdown of -9.32%. Use the drawdown chart below to compare losses from any high point for PPTY and AKAF.

Drawdown Indicators

	PPTY	AKAF	Difference
Max Drawdown Largest peak-to-trough decline	-41.69%	-9.32%	-32.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	-9.32%	+1.23%
Max Drawdown (3Y) Largest decline over 3 years	-21.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.37%	—	—
Current Drawdown Current decline from peak	-2.17%	-2.28%	+0.11%
Average Drawdown Average peak-to-trough decline	-11.14%	-1.82%	-9.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.75%	-0.14%

Volatility

PPTY vs. AKAF - Volatility Comparison

US Diversified Real Estate ETF (PPTY) has a higher volatility of 4.35% compared to The Frontier Economic Fund (AKAF) at 2.92%. This indicates that PPTY's price experiences larger fluctuations and is considered to be riskier than AKAF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPTY	AKAF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	2.92%	+1.43%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	11.52%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	14.85%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.57%	14.57%	+4.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.82%	14.57%	+7.25%

PPTY vs. AKAF - Expense Ratio Comparison

PPTY has a 0.49% expense ratio, which is higher than AKAF's 0.20% expense ratio.

Dividends

PPTY vs. AKAF - Dividend Comparison

PPTY's dividend yield for the trailing twelve months is around 2.46%, less than AKAF's 2.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AKAF The Frontier Economic Fund	2.97%	2.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PPTY US Diversified Real Estate ETF	2.46%	3.04%	3.29%	4.08%	4.29%	2.87%	3.43%	3.30%	1.97%

Frequently Asked Questions

Can I hold both PPTY and AKAF in my portfolio?

PPTY and AKAF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPTY or AKAF?

PPTY has higher volatility (4.35%) compared to AKAF (2.92%). In terms of maximum drawdown, PPTY dropped -41.69% vs AKAF's -9.32%.

Which ETF is better, PPTY or AKAF?

On 1-year performance, AKAF leads with 28.95% vs 20.67% for PPTY. On fees, AKAF is cheaper at 0.20% per year. On volatility, AKAF has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPTY or AKAF?

Over the 1-year period, AKAF has performed better with a 28.95% return vs 20.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPTY or AKAF?

AKAF is cheaper with a 0.20% expense ratio, compared with 0.49% for PPTY.

Which ETF pays a higher dividend yield, PPTY or AKAF?

AKAF has the higher dividend yield at 2.97%, compared with 2.46% for PPTY.

What is the main difference between PPTY and AKAF?

PPTY is categorized as REIT, while AKAF is Global Equities. PPTY tracks USREX - U.S. Diversified Real Estate Index, while AKAF tracks Alaska Last Frontier Index. Their fees differ too: 0.49% for PPTY and 0.20% for AKAF.

Which has better risk-adjusted returns?

AKAF currently has the higher Sharpe Ratio (1.87 vs 1.43), 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.