REIT vs. LGRO

Last updated Jul 14, 2026

REIT (ALPS Active REIT ETF) and LGRO (Level Four Large Cap Growth Active ETF) are both exchange-traded funds - REIT is a REIT fund actively managed by ALPS, while LGRO is a Large Cap Growth Equities fund actively managed by ALPS. Both are actively managed. Over the past year, REIT returned 19.98% vs 19.33% for LGRO. At a 0.35 correlation, their price movements are largely independent. REIT charges 0.68%/yr vs 0.50%/yr for LGRO.

Performance

REIT vs. LGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Active REIT ETF (REIT) and Level Four Large Cap Growth Active ETF (LGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REIT achieves a 18.53% return, which is significantly higher than LGRO's 7.87% return.

REIT

• 1D: 0.53%
• 1M: 0.93%
• 6M: 17.15%
• YTD: 18.53%
• 1Y: 19.98%
• 3Y*: 9.89%
• 5Y*: 4.66%
• 10Y*: —

LGRO

• 1D: -0.06%
• 1M: 3.27%
• 6M: 4.57%
• YTD: 7.87%
• 1Y: 19.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

REIT vs. LGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
REIT ALPS Active REIT ETF	18.53%	-0.55%	7.11%	12.62%
LGRO Level Four Large Cap Growth Active ETF	7.87%	18.15%	23.95%	12.10%

Correlation

The correlation between REIT and LGRO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	0.35

Over the past year, the correlation between REIT and LGRO has dropped to 0.14 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Return for Risk

REIT vs. LGRO — Risk / Return Rank

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

REIT

REIT Risk / Return Rank: 57
REIT Sharpe Ratio Rank: 55
REIT Sortino Ratio Rank: 51
REIT Omega Ratio Rank: 52
REIT Calmar Ratio Rank: 69
REIT Martin Ratio Rank: 58

LGRO

LGRO Risk / Return Rank: 37
LGRO Sharpe Ratio Rank: 43
LGRO Sortino Ratio Rank: 40
LGRO Omega Ratio Rank: 40
LGRO Calmar Ratio Rank: 31
LGRO Martin Ratio Rank: 33

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. LGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Active REIT ETF (REIT) and Level Four Large Cap Growth Active ETF (LGRO). 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	LGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.20	+0.30
Sortino ratio: Return per unit of downside risk	2.02	1.68	+0.35
Omega ratio: Gain probability vs. loss probability	1.26	1.21	+0.05
Calmar ratio: Return relative to maximum drawdown	2.73	1.27	+1.46
Martin ratio: Return relative to average drawdown	8.05	3.97	+4.08

REIT vs. LGRO - Sharpe Ratio Comparison

The current REIT Sharpe Ratio is 1.50, which is comparable to the LGRO Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of REIT and LGRO, 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. LGRO - Drawdown Comparison

The maximum REIT drawdown since its inception was -29.30%, which is greater than LGRO's maximum drawdown of -23.26%. Use the drawdown chart below to compare losses from any high point for REIT and LGRO.

Drawdown Indicators

	REIT	LGRO	Difference
Max Drawdown Largest peak-to-trough decline	-29.30%	-23.26%	-6.04%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-15.24%	+7.89%
Max Drawdown (3Y) Largest decline over 3 years	-18.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.30%	—	—
Current Drawdown Current decline from peak	-0.81%	-2.11%	+1.30%
Average Drawdown Average peak-to-trough decline	-10.19%	-3.42%	-6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	4.88%	-2.39%

Volatility

REIT vs. LGRO - Volatility Comparison

ALPS Active REIT ETF (REIT) and Level Four Large Cap Growth Active ETF (LGRO) have volatilities of 4.79% and 4.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REIT	LGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	4.64%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	12.23%	-1.99%
Volatility (1Y) Calculated over the trailing 1-year period	13.44%	16.20%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.54%	19.24%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	19.24%	-0.89%

REIT vs. LGRO - Expense Ratio Comparison

REIT has a 0.68% expense ratio, which is higher than LGRO's 0.50% expense ratio.

Dividends

REIT vs. LGRO - Dividend Comparison

REIT's dividend yield for the trailing twelve months is around 2.69%, more than LGRO's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021
LGRO Level Four Large Cap Growth Active ETF	0.36%	0.31%	0.39%	0.26%	0.00%	0.00%
REIT ALPS Active REIT ETF	2.69%	3.20%	3.06%	3.13%	2.81%	4.71%

Frequently Asked Questions

Can I hold both REIT and LGRO in my portfolio?

REIT and LGRO have a correlation of 0.14, 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 LGRO?

REIT has higher volatility (4.79%) compared to LGRO (4.64%). In terms of maximum drawdown, REIT dropped -29.30% vs LGRO's -23.26%.

Which ETF is better, REIT or LGRO?

On 1-year performance, REIT leads with 19.98% vs 19.33% for LGRO. On fees, LGRO is cheaper at 0.50% per year. On volatility, LGRO has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, REIT or LGRO?

Over the 1-year period, REIT has performed better with a 19.98% return vs 19.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, REIT or LGRO?

LGRO is cheaper with a 0.50% expense ratio, compared with 0.68% for REIT.

Which ETF pays a higher dividend yield, REIT or LGRO?

REIT has the higher dividend yield at 2.69%, compared with 0.36% for LGRO.

What is the main difference between REIT and LGRO?

REIT is categorized as REIT, while LGRO is Large Cap Growth Equities. Their fees differ too: 0.68% for REIT and 0.50% for LGRO.

Which has better risk-adjusted returns?

REIT currently has the higher Sharpe Ratio (1.50 vs 1.20), 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.