REET vs. SPYM
REET (iShares Global REIT ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - REET is a REIT fund tracking the FTSE EPRA/NAREIT Global REIT Index, while SPYM is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, REET returned 4.31%/yr vs 15.73%/yr for SPYM. A 0.60 correlation means they provide meaningful diversification when combined. REET charges 0.14%/yr vs 0.02%/yr for SPYM.
Performance
REET vs. SPYM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REET achieves a 11.91% return, which is significantly higher than SPYM's 11.01% return. Over the past 10 years, REET has underperformed SPYM with an annualized return of 4.31%, while SPYM has yielded a comparatively higher 15.73% annualized return.
REET
- 1D
- -0.45%
- 1M
- 3.64%
- YTD
- 11.91%
- 6M
- 12.27%
- 1Y
- 15.63%
- 3Y*
- 9.84%
- 5Y*
- 2.76%
- 10Y*
- 4.31%
SPYM
- 1D
- 1.76%
- 1M
- 2.12%
- YTD
- 11.01%
- 6M
- 11.52%
- 1Y
- 27.97%
- 3Y*
- 21.24%
- 5Y*
- 13.94%
- 10Y*
- 15.73%
REET vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REET iShares Global REIT ETF | 11.91% | 7.97% | 2.65% | 10.28% | -24.10% | 32.43% | -10.48% | 24.42% | -5.27% | 7.48% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 11.01% | 17.79% | 25.00% | 26.24% | -18.09% | 28.78% | 18.49% | 31.99% | -4.78% | 21.30% |
Correlation
The correlation between REET and SPYM is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2014 | 0.60 |
Over the past year, the correlation between REET and SPYM has dropped to 0.37 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REET vs. SPYM — Risk / Return Rank
REET
SPYM
REET vs. SPYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.
| REET | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.42 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.16 | -1.42 |
| Martin ratioReturn relative to average drawdown | 6.23 | 14.26 | -8.03 |
Loading charts...
Drawdowns
REET vs. SPYM - Drawdown Comparison
The maximum REET drawdown since its inception was -44.59%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for REET and SPYM.
Loading charts...
Drawdown Indicators
| REET | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -54.46% | +9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -8.90% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -18.72% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -32.11% | -24.48% | -7.63% |
Max Drawdown (10Y)Largest decline over 10 years | -44.59% | -33.87% | -10.72% |
Current DrawdownCurrent decline from peak | -0.45% | -0.63% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -7.14% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 1.97% | +0.54% |
Volatility
REET vs. SPYM - Volatility Comparison
The current volatility for iShares Global REIT ETF (REET) is 4.20%, while State Street SPDR Portfolio S&P 500 ETF (SPYM) has a volatility of 4.61%. This indicates that REET experiences smaller price fluctuations and is considered to be less risky than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| REET | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 4.61% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 9.72% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 12.33% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 16.89% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 18.04% | +0.81% |
REET vs. SPYM - Expense Ratio Comparison
REET has a 0.14% expense ratio, which is higher than SPYM's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
REET vs. SPYM - Dividend Comparison
REET's dividend yield for the trailing twelve months is around 4.04%, more than SPYM's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REET iShares Global REIT ETF | 4.04% | 3.67% | 3.64% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.27% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
Frequently Asked Questions
REET and SPYM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYM has higher volatility (4.61%) compared to REET (4.20%). In terms of maximum drawdown, REET dropped -44.59% vs SPYM's -54.46%.
On 10-year performance, SPYM leads with 15.73% vs 4.31% for REET. On fees, SPYM is cheaper at 0.02% per year. On volatility, REET has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPYM has performed better with a 15.73% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYM is cheaper with a 0.02% expense ratio, compared with 0.14% for REET.
REET has the higher dividend yield at 4.04%, compared with 1.27% for SPYM.
REET is categorized as REIT, while SPYM is S&P 500. REET tracks FTSE EPRA/NAREIT Global REIT Index, while SPYM tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.14% for REET and 0.02% for SPYM.
SPYM currently has the higher Sharpe Ratio (2.28 vs 1.28), 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.
Find the right allocation for REET and SPYM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer