REIT vs. SPYD
REIT (ALPS Active REIT ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - REIT is a REIT fund actively managed by ALPS, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. REIT is actively managed, while SPYD is passively managed. Over the past 5 years, REIT returned 4.86%/yr vs 9.67%/yr for SPYD. Their 0.75 correlation means they have sometimes moved together and sometimes differently. REIT charges 0.68%/yr vs 0.07%/yr for SPYD.
Performance
REIT vs. SPYD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REIT achieves a 20.12% return, which is significantly higher than SPYD's 17.73% return.
REIT
- 1D
- -0.09%
- 1M
- 1.02%
- 6M
- 18.13%
- YTD
- 20.12%
- 1Y
- 23.92%
- 3Y*
- 11.60%
- 5Y*
- 4.86%
- 10Y*
- —
- ALL TIME*
- 8.08%
SPYD
- 1D
- 0.67%
- 1M
- 2.91%
- 6M
- 12.53%
- YTD
- 17.73%
- 1Y
- 22.89%
- 3Y*
- 14.57%
- 5Y*
- 9.67%
- 10Y*
- 8.80%
- ALL TIME*
- 9.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $500.56K | $377.29K | $328.09K | |
| $49.71M | $46.69M | $54.64M |
REIT vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REIT ALPS Active REIT ETF | 20.12% | -0.55% | 7.11% | 13.74% | -21.23% | 33.02% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 17.73% | 4.65% | 15.34% | 3.91% | -1.17% | 16.84% |
Correlation
The correlation between REIT and SPYD is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2021 | 0.75 |
The correlation between REIT and SPYD has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REIT vs. SPYD — Risk / Return Rank
REIT
SPYD
REIT vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Active REIT ETF (REIT) and State Street 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.
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 | SPYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 3.26 | +0.01 |
| Martin ratioReturn relative to average drawdown | 10.22 | 9.67 | +0.55 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| REIT | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.30% | -46.42% | +17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -7.05% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -16.13% | -2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -29.30% | -22.25% | -7.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.42% | — |
Current DrawdownCurrent decline from peak | -2.40% | -1.40% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -6.09% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.37% | -0.02% |
Volatility
REIT vs. SPYD - Volatility Comparison
ALPS Active REIT ETF (REIT) has a higher volatility of 4.46% compared to State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.94%. 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.
Loading charts...
Volatility by Period
| REIT | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 3.94% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 8.39% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.34% | 11.88% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.51% | 15.98% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 19.77% | -1.45% |
REIT vs. SPYD - Expense Ratio Comparison
REIT has a 0.68% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Dividends
REIT vs. SPYD - Dividend Comparison
REIT's dividend yield for the trailing twelve months is around 2.65%, less than SPYD's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REIT ALPS Active REIT ETF | 2.65% | 3.20% | 3.06% | 3.13% | 2.81% | 4.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.08% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
REIT and SPYD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REIT has higher volatility (4.46%) compared to SPYD (3.94%). In terms of maximum drawdown, REIT dropped -29.30% vs SPYD's -46.42%.
On 5-year performance, SPYD leads with 9.67% vs 4.86% for REIT. On fees, SPYD is cheaper at 0.07% per year. On volatility, SPYD has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPYD has performed better with a 9.67% return vs 4.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYD is cheaper with a 0.07% expense ratio, compared with 0.68% for REIT.
SPYD has the higher dividend yield at 4.08%, compared with 2.65% for REIT.
REIT is categorized as REIT, while SPYD is S&P 500. They also come from different issuers: ALPS and State Street. Their fees differ too: 0.68% for REIT and 0.07% for SPYD.
SPYD currently has the higher Sharpe Ratio (1.94 vs 1.80), 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.
Find the right allocation for REIT and SPYD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer