REIT vs. SPYD
Compare and contrast key facts about ALPS Active REIT ETF (REIT) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
REIT and SPYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REIT is an actively managed fund by ALPS. It was launched on Feb 24, 2021. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REIT or SPYD.
Key characteristics
| REIT | SPYD | |
|---|---|---|
| YTD Return | 13.16% | 21.17% |
| 1Y Return | 35.19% | 41.23% |
| 3Y Return (Ann) | 2.53% | 8.37% |
| Sharpe Ratio | 1.94 | 2.85 |
| Sortino Ratio | 2.78 | 4.04 |
| Omega Ratio | 1.35 | 1.52 |
| Calmar Ratio | 1.25 | 1.99 |
| Martin Ratio | 8.62 | 19.99 |
| Ulcer Index | 3.80% | 1.96% |
| Daily Std Dev | 16.87% | 13.73% |
| Max Drawdown | -29.30% | -46.42% |
| Current Drawdown | -1.16% | -0.48% |
Correlation
The correlation between REIT and SPYD is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
REIT vs. SPYD - Performance Comparison
In the year-to-date period, REIT achieves a 13.16% return, which is significantly lower than SPYD's 21.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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REIT vs. SPYD - Expense Ratio Comparison
REIT has a 0.68% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Risk-Adjusted Performance
REIT vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Active REIT ETF (REIT) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
Dividends
REIT vs. SPYD - Dividend Comparison
REIT's dividend yield for the trailing twelve months is around 3.09%, less than SPYD's 4.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
REIT ALPS Active REIT ETF | 3.09% | 3.13% | 2.81% | 4.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.02% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
Drawdowns
REIT vs. SPYD - Drawdown Comparison
The maximum REIT drawdown since its inception was -29.30%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for REIT and SPYD. For additional features, visit the drawdowns tool.
Volatility
REIT vs. SPYD - Volatility Comparison
ALPS Active REIT ETF (REIT) has a higher volatility of 4.93% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.62%. This indicates that REIT's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.