RECS vs. CRED
RECS (Columbia Research Enhanced Core ETF) and CRED (Columbia Research Enhanced Real Estate ETF) are both exchange-traded funds - RECS is a Large Cap Growth Equities fund tracking the Beta Advantage Research Enhanced U.S. Equity Index, while CRED is a REIT fund tracking the Beta Advantage Lionstone Research Enhanced REIT Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, RECS returned 20.79%/yr vs 10.63%/yr for CRED. At a 0.43 correlation, their price movements are largely independent. RECS charges 0.15%/yr vs 0.33%/yr for CRED.
Performance
RECS vs. CRED - Performance Comparison
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Returns By Period
In the year-to-date period, RECS achieves a 5.58% return, which is significantly lower than CRED's 14.93% return.
RECS
- 1D
- -0.30%
- 1M
- -0.32%
- YTD
- 5.58%
- 6M
- 5.12%
- 1Y
- 23.04%
- 3Y*
- 20.79%
- 5Y*
- 13.80%
- 10Y*
- 9.79%
CRED
- 1D
- 1.10%
- 1M
- 0.50%
- YTD
- 14.93%
- 6M
- 16.10%
- 1Y
- 10.84%
- 3Y*
- 10.63%
- 5Y*
- —
- 10Y*
- —
RECS vs. CRED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RECS Columbia Research Enhanced Core ETF | 5.58% | 19.30% | 26.27% | 16.75% |
CRED Columbia Research Enhanced Real Estate ETF | 14.93% | -2.30% | 5.21% | 12.70% |
Correlation
The correlation between RECS and CRED is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2023 | 0.43 |
The correlation between RECS and CRED shifts across timeframes, from 0.29 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RECS vs. CRED — Risk / Return Rank
RECS
CRED
RECS vs. CRED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Core ETF (RECS) and Columbia Research Enhanced Real Estate ETF (CRED). 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.
| RECS | CRED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.15 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.31 | +1.32 |
| Martin ratioReturn relative to average drawdown | 11.11 | 2.95 | +8.17 |
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Drawdowns
RECS vs. CRED - Drawdown Comparison
The maximum RECS drawdown since its inception was -34.29%, which is greater than CRED's maximum drawdown of -17.59%. Use the drawdown chart below to compare losses from any high point for RECS and CRED.
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Drawdown Indicators
| RECS | CRED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -17.59% | -16.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -8.32% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -17.59% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -22.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.29% | — | — |
Current DrawdownCurrent decline from peak | -1.89% | -1.25% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -5.57% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 3.68% | -1.60% |
Volatility
RECS vs. CRED - Volatility Comparison
The current volatility for Columbia Research Enhanced Core ETF (RECS) is 3.86%, while Columbia Research Enhanced Real Estate ETF (CRED) has a volatility of 4.69%. This indicates that RECS experiences smaller price fluctuations and is considered to be less risky than CRED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RECS | CRED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.69% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 10.02% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 13.34% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 16.27% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 16.27% | -0.01% |
RECS vs. CRED - Expense Ratio Comparison
RECS has a 0.15% expense ratio, which is lower than CRED's 0.33% expense ratio.
Dividends
RECS vs. CRED - Dividend Comparison
RECS's dividend yield for the trailing twelve months is around 1.05%, less than CRED's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CRED Columbia Research Enhanced Real Estate ETF | 4.43% | 5.50% | 4.82% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% |
RECS Columbia Research Enhanced Core ETF | 1.05% | 1.11% | 1.09% | 1.00% | 1.41% | 20.64% | 1.09% | 0.49% |
Frequently Asked Questions
RECS and CRED have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRED has higher volatility (4.69%) compared to RECS (3.86%). In terms of maximum drawdown, RECS dropped -34.29% vs CRED's -17.59%.
On 3-year performance, RECS leads with 20.79% vs 10.63% for CRED. On fees, RECS is cheaper at 0.15% per year. On volatility, RECS has been the lower-risk option at 3.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RECS has performed better with a 20.79% return vs 10.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RECS is cheaper with a 0.15% expense ratio, compared with 0.33% for CRED.
CRED has the higher dividend yield at 4.43%, compared with 1.05% for RECS.
RECS is categorized as Large Cap Growth Equities, while CRED is REIT. RECS tracks Beta Advantage Research Enhanced U.S. Equity Index, while CRED tracks Beta Advantage Lionstone Research Enhanced REIT Index - Benchmark TR Gross. They also come from different issuers: Ameriprise Financial and Columbia. Their fees differ too: 0.15% for RECS and 0.33% for CRED.
RECS currently has the higher Sharpe Ratio (1.91 vs 0.82), 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.
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