REIT vs. VOO
REIT (ALPS Active REIT ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - REIT is a REIT fund actively managed by ALPS, while VOO is a S&P 500 fund tracking the S&P 500 Index. REIT is actively managed, while VOO is passively managed. Over the past 5 years, REIT returned 4.49%/yr vs 13.30%/yr for VOO. Their 0.54 correlation means they have sometimes moved together and sometimes differently. REIT charges 0.68%/yr vs 0.03%/yr for VOO.
Performance
REIT vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, REIT achieves a 19.67% return, which is significantly higher than VOO's 13.52% return.
REIT
- 1D
- 0.29%
- 1M
- 1.41%
- 6M
- 15.60%
- YTD
- 19.67%
- 1Y
- 21.75%
- 3Y*
- 11.46%
- 5Y*
- 4.49%
- 10Y*
- —
- ALL TIME*
- 7.99%
VOO
- 1D
- -0.19%
- 1M
- 2.46%
- 6M
- 12.84%
- YTD
- 13.52%
- 1Y
- 24.01%
- 3Y*
- 21.49%
- 5Y*
- 13.30%
- 10Y*
- 15.35%
- ALL TIME*
- 14.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $522.54K | $398.74K | $332.88K | |
| $4.29B | $3.83B | $5.49B |
REIT vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REIT ALPS Active REIT ETF | 19.67% | -0.55% | 7.11% | 13.74% | -21.23% | 33.02% |
VOO Vanguard S&P 500 ETF | 13.52% | 17.82% | 24.98% | 26.32% | -18.17% | 25.93% |
Correlation
The correlation between REIT and VOO is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2021 | 0.54 |
Over the past year, the correlation between REIT and VOO has dropped to 0.18 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
REIT vs. VOO — Risk / Return Rank
REIT
VOO
REIT vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Active REIT ETF (REIT) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 2.71 | +0.26 |
| Martin ratioReturn relative to average drawdown | 9.27 | 11.57 | -2.30 |
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Drawdowns
REIT vs. VOO - Drawdown Comparison
The maximum REIT drawdown since its inception was -29.30%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for REIT and VOO.
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Drawdown Indicators
| REIT | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.30% | -33.99% | +4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -8.90% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -18.69% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -29.30% | -24.52% | -4.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -2.77% | -0.19% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -10.08% | -3.67% | -6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.08% | +0.28% |
Volatility
REIT vs. VOO - Volatility Comparison
ALPS Active REIT ETF (REIT) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.27% and 4.07%, 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.
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Volatility by Period
| REIT | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 4.07% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 10.27% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.32% | 12.81% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.51% | 16.96% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 18.03% | +0.28% |
REIT vs. VOO - Expense Ratio Comparison
REIT has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
REIT vs. VOO - Dividend Comparison
REIT's dividend yield for the trailing twelve months is around 2.66%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REIT ALPS Active REIT ETF | 2.66% | 3.20% | 3.06% | 3.13% | 2.81% | 4.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.04% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
REIT and VOO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REIT has higher volatility (4.27%) compared to VOO (4.07%). In terms of maximum drawdown, REIT dropped -29.30% vs VOO's -33.99%.
On 5-year performance, VOO leads with 13.30% vs 4.49% for REIT. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VOO has performed better with a 13.30% return vs 4.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.68% for REIT.
REIT has the higher dividend yield at 2.66%, compared with 1.04% for VOO.
REIT is categorized as REIT, while VOO is S&P 500. They also come from different issuers: ALPS and Vanguard. Their fees differ too: 0.68% for REIT and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.88 vs 1.64), 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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