RDOG vs. ACES

Last updated Jun 4, 2026

RDOG (ALPS REIT Dividend Dogs ETF) and ACES (ALPS Clean Energy ETF) are both exchange-traded funds - RDOG is a REIT fund tracking the S-Network REIT Dividend Dogs Index, while ACES is a Alternative Energy Equities fund tracking the CIBC Atlas Clean Energy Index. Both are passively managed. Over the past 5 years, RDOG returned 2.28%/yr vs -8.73%/yr for ACES. At a 0.49 correlation, their price movements are largely independent. RDOG charges 0.35%/yr vs 0.55%/yr for ACES.

Performance

RDOG vs. ACES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS REIT Dividend Dogs ETF (RDOG) and ALPS Clean Energy ETF (ACES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDOG achieves a 13.77% return, which is significantly lower than ACES's 28.72% return.

RDOG

• 1D: -0.80%
• 1M: 3.92%
• YTD: 13.77%
• 6M: 14.44%
• 1Y: 20.06%
• 3Y*: 11.40%
• 5Y*: 2.28%
• 10Y*: 4.05%

ACES

• 1D: -2.84%
• 1M: 17.92%
• YTD: 28.72%
• 6M: 27.36%
• 1Y: 69.96%
• 3Y*: -1.21%
• 5Y*: -8.73%
• 10Y*: —

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

RDOG vs. ACES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RDOG ALPS REIT Dividend Dogs ETF	13.77%	0.95%	4.57%	10.38%	-25.53%	34.42%	-10.01%	21.54%	-5.12%
ACES ALPS Clean Energy ETF	28.72%	25.44%	-26.71%	-20.04%	-28.44%	-19.44%	140.33%	51.70%	-9.63%

Correlation

The correlation between RDOG and ACES is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jul 2, 2018	0.49

Over the past year, the correlation between RDOG and ACES has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

RDOG vs. ACES - Sectors Allocation Comparison

Sectors	RDOG	ACES
Real Estate	100.0%	-
Basic Materials	-	9.3%
Communication Services	-	-
Consumer Cyclical	-	11.1%
Consumer Defensive	-	3.2%
Energy	-	0.5%
Financial Services	-	5.3%
Healthcare	-	-
Industrials	-	20.3%
Technology	-	24.8%
Utilities	-	25.5%

Return for Risk

RDOG vs. ACES — Risk / Return Rank

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

RDOG

RDOG Risk / Return Rank: 39
RDOG Sharpe Ratio Rank: 39
RDOG Sortino Ratio Rank: 39
RDOG Omega Ratio Rank: 36
RDOG Calmar Ratio Rank: 41
RDOG Martin Ratio Rank: 41

ACES

ACES Risk / Return Rank: 62
ACES Sharpe Ratio Rank: 64
ACES Sortino Ratio Rank: 58
ACES Omega Ratio Rank: 53
ACES Calmar Ratio Rank: 78
ACES Martin Ratio Rank: 57

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.

RDOG vs. ACES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS REIT Dividend Dogs ETF (RDOG) and ALPS Clean Energy ETF (ACES). 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.

	RDOG	ACES	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.18	-0.79
Sortino ratio: Return per unit of downside risk	2.03	2.77	-0.74
Omega ratio: Gain probability vs. loss probability	1.24	1.33	-0.09
Calmar ratio: Return relative to maximum drawdown	2.01	4.03	-2.02
Martin ratio: Return relative to average drawdown	6.51	10.16	-3.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDOG vs. ACES - Sharpe Ratio Comparison

The current RDOG Sharpe Ratio is 1.39, which is lower than the ACES Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of RDOG and ACES, 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

	RDOG	ACES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	2.18	-0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	-0.24	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.22	-0.05

Drawdowns

RDOG vs. ACES - Drawdown Comparison

The maximum RDOG drawdown since its inception was -67.59%, smaller than the maximum ACES drawdown of -79.05%. Use the drawdown chart below to compare losses from any high point for RDOG and ACES.

Drawdown Indicators

	RDOG	ACES	Difference
Max Drawdown Largest peak-to-trough decline	-67.59%	-79.05%	+11.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-17.44%	+7.42%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-58.68%	+37.28%
Max Drawdown (5Y) Largest decline over 5 years	-35.52%	-74.44%	+38.92%
Max Drawdown (10Y) Largest decline over 10 years	-49.35%	—	—
Current Drawdown Current decline from peak	-2.03%	-56.41%	+54.38%
Average Drawdown Average peak-to-trough decline	-12.26%	-38.87%	+26.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	6.91%	-3.82%

Volatility

RDOG vs. ACES - Volatility Comparison

The current volatility for ALPS REIT Dividend Dogs ETF (RDOG) is 3.98%, while ALPS Clean Energy ETF (ACES) has a volatility of 9.99%. This indicates that RDOG experiences smaller price fluctuations and is considered to be less risky than ACES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDOG	ACES	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	9.99%	-6.01%
Volatility (6M) Calculated over the trailing 6-month period	10.42%	22.55%	-12.13%
Volatility (1Y) Calculated over the trailing 1-year period	14.52%	32.42%	-17.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.84%	36.17%	-16.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.05%	35.59%	-12.54%

RDOG vs. ACES - Expense Ratio Comparison

RDOG has a 0.35% expense ratio, which is lower than ACES's 0.55% expense ratio.

Dividends

RDOG vs. ACES - Dividend Comparison

RDOG's dividend yield for the trailing twelve months is around 6.13%, more than ACES's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACES ALPS Clean Energy ETF	0.54%	0.70%	1.10%	1.44%	1.08%	0.71%	0.56%	1.79%	0.34%	0.00%	0.00%	0.00%
RDOG ALPS REIT Dividend Dogs ETF	6.13%	6.91%	6.11%	7.07%	5.25%	3.11%	5.12%	3.10%	3.13%	3.64%	3.66%	3.43%

Frequently Asked Questions

Can I hold both RDOG and ACES in my portfolio?

RDOG and ACES have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDOG or ACES?

ACES has higher volatility (9.99%) compared to RDOG (3.98%). In terms of maximum drawdown, RDOG dropped -67.59% vs ACES's -79.05%.

Which ETF is better, RDOG or ACES?

On 5-year performance, RDOG leads with 2.28% vs -8.73% for ACES. On fees, RDOG is cheaper at 0.35% per year. On volatility, RDOG has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDOG or ACES?

Over the 5-year period, RDOG has performed better with a 2.28% return vs -8.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDOG or ACES?

RDOG is cheaper with a 0.35% expense ratio, compared with 0.55% for ACES.

Which ETF pays a higher dividend yield, RDOG or ACES?

RDOG has the higher dividend yield at 6.13%, compared with 0.54% for ACES.

What is the main difference between RDOG and ACES?

RDOG is categorized as REIT, while ACES is Alternative Energy Equities. RDOG tracks S-Network REIT Dividend Dogs Index, while ACES tracks CIBC Atlas Clean Energy Index. Their fees differ too: 0.35% for RDOG and 0.55% for ACES.

Which has better risk-adjusted returns?

ACES currently has the higher Sharpe Ratio (2.18 vs 1.39), 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.