REIT vs. BTI

Last updated Jun 14, 2026

REIT (ALPS Active REIT ETF) is REIT fund actively managed by ALPS, while BTI (British American Tobacco p.l.c.) is a stock. Over the past 5 years, REIT returned 4.64%/yr vs 17.96%/yr for BTI. At a 0.32 correlation, their price movements are largely independent.

Performance

REIT vs. BTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Active REIT ETF (REIT) and British American Tobacco p.l.c. (BTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REIT achieves a 17.44% return, which is significantly higher than BTI's 11.67% return.

REIT

• 1D: 0.97%
• 1M: 4.83%
• YTD: 17.44%
• 6M: 17.70%
• 1Y: 18.15%
• 3Y*: 11.38%
• 5Y*: 4.64%
• 10Y*: —

BTI

• 1D: 1.51%
• 1M: -4.26%
• YTD: 11.67%
• 6M: 12.20%
• 1Y: 35.30%
• 3Y*: 34.54%
• 5Y*: 17.96%
• 10Y*: 7.69%

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

REIT vs. BTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
REIT ALPS Active REIT ETF	17.44%	-0.55%	7.11%	13.74%	-21.23%	33.02%
BTI British American Tobacco p.l.c.	11.67%	65.81%	35.44%	-19.97%	14.91%	12.29%

Correlation

The correlation between REIT and BTI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 26, 2021	0.32

The correlation between REIT and BTI shifts across timeframes, from 0.21 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

REIT vs. BTI — Risk / Return Rank

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

REIT

REIT Risk / Return Rank: 44
REIT Sharpe Ratio Rank: 42
REIT Sortino Ratio Rank: 40
REIT Omega Ratio Rank: 40
REIT Calmar Ratio Rank: 53
REIT Martin Ratio Rank: 46

BTI

BTI Risk / Return Rank: 81
BTI Sharpe Ratio Rank: 85
BTI Sortino Ratio Rank: 80
BTI Omega Ratio Rank: 77
BTI Calmar Ratio Rank: 81
BTI Martin Ratio Rank: 80

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.

REIT vs. BTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Active REIT ETF (REIT) and British American Tobacco p.l.c. (BTI). 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.

	REIT	BTI	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.58	-0.26
Sortino ratio: Return per unit of downside risk	1.80	2.21	-0.41
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	2.35	2.62	-0.27
Martin ratio: Return relative to average drawdown	6.81	5.89	+0.92

REIT vs. BTI - Sharpe Ratio Comparison

The current REIT Sharpe Ratio is 1.32, which is comparable to the BTI Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of REIT and BTI, 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

REIT vs. BTI - Drawdown Comparison

The maximum REIT drawdown since its inception was -29.30%, smaller than the maximum BTI drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for REIT and BTI.

Drawdown Indicators

	REIT	BTI	Difference
Max Drawdown Largest peak-to-trough decline	-29.30%	-64.11%	+34.81%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-13.75%	+6.40%
Max Drawdown (3Y) Largest decline over 3 years	-18.19%	-13.75%	-4.44%
Max Drawdown (5Y) Largest decline over 5 years	-29.30%	-29.94%	+0.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.00%	—
Current Drawdown Current decline from peak	0.00%	-6.57%	+6.57%
Average Drawdown Average peak-to-trough decline	-10.32%	-12.93%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	6.10%	-3.57%

Volatility

REIT vs. BTI - Volatility Comparison

The current volatility for ALPS Active REIT ETF (REIT) is 4.60%, while British American Tobacco p.l.c. (BTI) has a volatility of 7.53%. This indicates that REIT experiences smaller price fluctuations and is considered to be less risky than BTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REIT	BTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	7.53%	-2.93%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	18.39%	-8.96%
Volatility (1Y) Calculated over the trailing 1-year period	13.07%	22.78%	-9.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.48%	21.16%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	24.20%	-5.83%

Dividends

REIT vs. BTI - Dividend Comparison

REIT's dividend yield for the trailing twelve months is around 2.69%, less than BTI's 4.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTI British American Tobacco p.l.c.	4.95%	5.29%	8.18%	9.72%	7.23%	7.98%	7.22%	6.35%	8.53%	4.27%	3.85%	4.11%
REIT ALPS Active REIT ETF	2.69%	3.20%	3.06%	3.13%	2.81%	4.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both REIT and BTI in my portfolio?

REIT and BTI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REIT or BTI?

BTI has higher volatility (7.53%) compared to REIT (4.60%). In terms of maximum drawdown, REIT dropped -29.30% vs BTI's -64.11%.

Which has better risk-adjusted returns?

BTI currently has the higher Sharpe Ratio (1.58 vs 1.32), 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.