REIT vs. CVS
REIT (ALPS Active REIT ETF) is REIT fund actively managed by ALPS, while CVS (CVS Health Corporation) is a stock. Over the past 5 years, REIT returned 4.64%/yr vs 7.08%/yr for CVS. At a 0.29 correlation, their price movements are largely independent.
Performance
REIT vs. CVS - Performance Comparison
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Returns By Period
In the year-to-date period, REIT achieves a 17.44% return, which is significantly lower than CVS's 30.67% return.
REIT
- 1D
- 0.97%
- 1M
- 4.83%
- YTD
- 17.44%
- 6M
- 17.70%
- 1Y
- 18.15%
- 3Y*
- 11.38%
- 5Y*
- 4.64%
- 10Y*
- —
CVS
- 1D
- 1.47%
- 1M
- 6.33%
- YTD
- 30.67%
- 6M
- 30.57%
- 1Y
- 56.67%
- 3Y*
- 16.60%
- 5Y*
- 7.08%
- 10Y*
- 3.70%
REIT vs. CVS - 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% |
CVS CVS Health Corporation | 30.67% | 84.35% | -40.77% | -12.53% | -7.63% | 51.55% |
Correlation
The correlation between REIT and CVS is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2021 | 0.29 |
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Return for Risk
REIT vs. CVS — Risk / Return Rank
REIT
CVS
REIT vs. CVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Active REIT ETF (REIT) and CVS Health Corporation (CVS). 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 | CVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.62 | -1.28 |
| Martin ratioReturn relative to average drawdown | 6.81 | 9.33 | -2.52 |
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Drawdowns
REIT vs. CVS - Drawdown Comparison
The maximum REIT drawdown since its inception was -29.30%, smaller than the maximum CVS drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for REIT and CVS.
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Drawdown Indicators
| REIT | CVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.30% | -64.07% | +34.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -16.44% | +9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -43.98% | +25.79% |
Max Drawdown (5Y)Largest decline over 5 years | -29.30% | -56.79% | +27.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.79% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.32% | -19.54% | +9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 6.38% | -3.85% |
Volatility
REIT vs. CVS - Volatility Comparison
The current volatility for ALPS Active REIT ETF (REIT) is 4.60%, while CVS Health Corporation (CVS) has a volatility of 7.50%. This indicates that REIT experiences smaller price fluctuations and is considered to be less risky than CVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REIT | CVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 7.50% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 25.88% | -16.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 31.05% | -17.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 29.98% | -11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 29.30% | -10.93% |
Dividends
REIT vs. CVS - Dividend Comparison
REIT's dividend yield for the trailing twelve months is around 2.69%, more than CVS's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 2.61% | 3.35% | 5.93% | 3.06% | 2.36% | 1.94% | 2.93% | 2.69% | 3.05% | 2.76% | 2.15% | 1.43% |
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
REIT and CVS have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVS has higher volatility (7.50%) compared to REIT (4.60%). In terms of maximum drawdown, REIT dropped -29.30% vs CVS's -64.07%.
CVS currently has the higher Sharpe Ratio (1.92 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.
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