REIT vs. OEFA

Last updated Jun 4, 2026

REIT (ALPS Active REIT ETF) and OEFA (ALPS O'Shares International Developed Quality Dividend ETF) are both exchange-traded funds - REIT is a REIT fund actively managed by ALPS, while OEFA is a International Equity fund tracking the O’Shares International Developed Quality Dividend Index. REIT is actively managed, while OEFA is passively managed. At a 0.48 correlation, their price movements are largely independent. REIT charges 0.68%/yr vs 0.48%/yr for OEFA.

Performance

REIT vs. OEFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Active REIT ETF (REIT) and ALPS O'Shares International Developed Quality Dividend ETF (OEFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REIT achieves a 12.80% return, which is significantly higher than OEFA's 1.54% return.

REIT

• 1D: 0.05%
• 1M: 0.26%
• YTD: 12.80%
• 6M: 12.21%
• 1Y: 13.48%
• 3Y*: 10.38%
• 5Y*: 4.37%
• 10Y*: —

OEFA

• 1D: -1.21%
• 1M: 3.25%
• YTD: 1.54%
• 6M: 3.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

REIT vs. OEFA - Yearly Performance Comparison

	2026 (YTD)	2025
REIT ALPS Active REIT ETF	12.80%	-1.61%
OEFA ALPS O'Shares International Developed Quality Dividend ETF	1.54%	0.25%

Correlation

The correlation between REIT and OEFA is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.48

REIT vs. OEFA - Sectors Allocation Comparison

Sectors	REIT	OEFA
Real Estate	100.0%	-
Basic Materials	-	-
Communication Services	-	5.2%
Consumer Cyclical	-	15.3%
Consumer Defensive	-	9.4%
Energy	-	-
Financial Services	-	11.3%
Healthcare	-	15.2%
Industrials	-	27.4%
Technology	-	13.1%
Utilities	-	3.3%

Return for Risk

REIT vs. OEFA — Risk / Return Rank

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

REIT

REIT Risk / Return Rank: 31
REIT Sharpe Ratio Rank: 29
REIT Sortino Ratio Rank: 27
REIT Omega Ratio Rank: 27
REIT Calmar Ratio Rank: 37
REIT Martin Ratio Rank: 35

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. OEFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Active REIT ETF (REIT) and ALPS O'Shares International Developed Quality Dividend ETF (OEFA). 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.

	REIT	OEFA	Difference
Sharpe ratio Return per unit of total volatility	1.06	—	—
Sortino ratio Return per unit of downside risk	1.46	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.84	—	—
Martin ratio Return relative to average drawdown	5.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	REIT	OEFA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.15	+0.24

Drawdowns

REIT vs. OEFA - Drawdown Comparison

The maximum REIT drawdown since its inception was -29.30%, which is greater than OEFA's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for REIT and OEFA.

Drawdown Indicators

	REIT	OEFA	Difference
Max Drawdown Largest peak-to-trough decline	-29.30%	-13.54%	-15.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	—	—
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	-2.65%	-4.62%	+1.97%
Average Drawdown Average peak-to-trough decline	-10.38%	-3.75%	-6.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	—	—

Volatility

Volatility by Period

	REIT	OEFA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.78%	17.70%	-4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.45%	17.70%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.38%	17.70%	+0.68%

REIT vs. OEFA - Expense Ratio Comparison

REIT has a 0.68% expense ratio, which is higher than OEFA's 0.48% expense ratio.

Dividends

REIT vs. OEFA - Dividend Comparison

REIT's dividend yield for the trailing twelve months is around 2.80%, more than OEFA's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021
OEFA ALPS O'Shares International Developed Quality Dividend ETF	0.92%	0.28%	0.00%	0.00%	0.00%	0.00%
REIT ALPS Active REIT ETF	2.80%	3.20%	3.06%	3.13%	2.81%	4.71%

Frequently Asked Questions

Can I hold both REIT and OEFA in my portfolio?

REIT and OEFA have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, REIT or OEFA?

On fees, OEFA is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, REIT or OEFA?

OEFA is cheaper with a 0.48% expense ratio, compared with 0.68% for REIT.

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

REIT has the higher dividend yield at 2.80%, compared with 0.92% for OEFA.

What is the main difference between REIT and OEFA?

REIT is categorized as REIT, while OEFA is International Equity. Their fees differ too: 0.68% for REIT and 0.48% for OEFA.