REVS vs. RECS

Last updated Jun 23, 2026

REVS (Columbia Research Enhanced Value ETF) and RECS (Columbia Research Enhanced Core ETF) are both exchange-traded funds - REVS is a Large Cap Value Equities fund tracking the Beta Advantage Research Enhanced U.S. Value Index, while RECS is a Large Cap Growth Equities fund tracking the Beta Advantage Research Enhanced U.S. Equity Index. Both are passively managed. Over the past 5 years, REVS returned 11.96%/yr vs 13.80%/yr for RECS. Their correlation of 0.83 suggests significant overlap in exposure. REVS charges 0.19%/yr vs 0.15%/yr for RECS.

Performance

REVS vs. RECS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Value ETF (REVS) and Columbia Research Enhanced Core ETF (RECS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REVS achieves a 12.15% return, which is significantly higher than RECS's 5.58% return.

REVS

• 1D: 0.30%
• 1M: 1.12%
• YTD: 12.15%
• 6M: 10.79%
• 1Y: 26.32%
• 3Y*: 18.49%
• 5Y*: 11.96%
• 10Y*: —

RECS

• 1D: -0.30%
• 1M: -0.32%
• YTD: 5.58%
• 6M: 5.12%
• 1Y: 23.04%
• 3Y*: 20.79%
• 5Y*: 13.80%
• 10Y*: 9.79%

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

REVS vs. RECS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
REVS Columbia Research Enhanced Value ETF	12.15%	16.80%	16.36%	13.46%	-6.20%	28.52%	1.37%	7.27%
RECS Columbia Research Enhanced Core ETF	5.58%	19.30%	26.27%	23.19%	-14.39%	32.73%	15.35%	-0.93%

Correlation

The correlation between REVS and RECS is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019	0.83

The correlation between REVS and RECS has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

REVS vs. RECS - Sectors Allocation Comparison

Sectors	REVS	RECS
Financial Services	18.3%	16.9%
Technology	16.4%	32.9%
Industrials	11.8%	7.3%
Healthcare	11.4%	9.2%
Communication Services	8.3%	7.6%
Consumer Cyclical	7.7%	10.4%
Consumer Defensive	6.8%	4.8%
Energy	6.7%	3.5%
Utilities	4.4%	2.3%
Real Estate	4.2%	2.3%
Basic Materials	4.0%	2.2%

Return for Risk

REVS vs. RECS — Risk / Return Rank

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

REVS

REVS Risk / Return Rank: 75
REVS Sharpe Ratio Rank: 75
REVS Sortino Ratio Rank: 77
REVS Omega Ratio Rank: 69
REVS Calmar Ratio Rank: 77
REVS Martin Ratio Rank: 76

RECS

RECS Risk / Return Rank: 58
RECS Sharpe Ratio Rank: 59
RECS Sortino Ratio Rank: 58
RECS Omega Ratio Rank: 56
RECS Calmar Ratio Rank: 55
RECS Martin Ratio Rank: 63

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.

REVS vs. RECS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Value ETF (REVS) and Columbia Research Enhanced Core ETF (RECS). 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.

	REVS	RECS	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.91	+0.38
Sortino ratio: Return per unit of downside risk	3.29	2.65	+0.64
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.06
Calmar ratio: Return relative to maximum drawdown	3.81	2.62	+1.19
Martin ratio: Return relative to average drawdown	13.86	11.11	+2.74

REVS vs. RECS - Sharpe Ratio Comparison

The current REVS Sharpe Ratio is 2.29, which is comparable to the RECS Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of REVS and RECS, 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

REVS vs. RECS - Drawdown Comparison

The maximum REVS drawdown since its inception was -37.85%, which is greater than RECS's maximum drawdown of -34.29%. Use the drawdown chart below to compare losses from any high point for REVS and RECS.

Drawdown Indicators

	REVS	RECS	Difference
Max Drawdown Largest peak-to-trough decline	-37.85%	-34.29%	-3.56%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	-8.82%	+1.88%
Max Drawdown (3Y) Largest decline over 3 years	-16.37%	-18.60%	+2.23%
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	-22.08%	+4.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.29%	—
Current Drawdown Current decline from peak	-0.89%	-1.89%	+1.00%
Average Drawdown Average peak-to-trough decline	-4.63%	-1.28%	-3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.08%	-0.18%

Volatility

REVS vs. RECS - Volatility Comparison

The current volatility for Columbia Research Enhanced Value ETF (REVS) is 3.17%, while Columbia Research Enhanced Core ETF (RECS) has a volatility of 3.86%. This indicates that REVS experiences smaller price fluctuations and is considered to be less risky than RECS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REVS	RECS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	3.86%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	9.37%	-0.87%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	12.12%	-0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.90%	16.43%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.08%	16.26%	+2.82%

REVS vs. RECS - Expense Ratio Comparison

REVS has a 0.19% expense ratio, which is higher than RECS's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

REVS vs. RECS - Dividend Comparison

REVS's dividend yield for the trailing twelve months is around 1.90%, more than RECS's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
RECS Columbia Research Enhanced Core ETF	1.05%	1.11%	1.09%	1.00%	1.41%	20.64%	1.09%	0.49%
REVS Columbia Research Enhanced Value ETF	1.90%	2.13%	1.89%	2.49%	2.46%	1.18%	27.75%	0.70%

Frequently Asked Questions

Can I hold both REVS and RECS in my portfolio?

REVS and RECS have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REVS or RECS?

RECS has higher volatility (3.86%) compared to REVS (3.17%). In terms of maximum drawdown, REVS dropped -37.85% vs RECS's -34.29%.

Which ETF is better, REVS or RECS?

On 5-year performance, RECS leads with 13.80% vs 11.96% for REVS. On fees, RECS is cheaper at 0.15% per year. On volatility, REVS has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, REVS or RECS?

Over the 5-year period, RECS has performed better with a 13.80% return vs 11.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, REVS or RECS?

RECS is cheaper with a 0.15% expense ratio, compared with 0.19% for REVS.

Which ETF pays a higher dividend yield, REVS or RECS?

REVS has the higher dividend yield at 1.90%, compared with 1.05% for RECS.

What is the main difference between REVS and RECS?

REVS is categorized as Large Cap Value Equities, while RECS is Large Cap Growth Equities. REVS tracks Beta Advantage Research Enhanced U.S. Value Index, while RECS tracks Beta Advantage Research Enhanced U.S. Equity Index. Their fees differ too: 0.19% for REVS and 0.15% for RECS.

Which has better risk-adjusted returns?

REVS currently has the higher Sharpe Ratio (2.29 vs 1.91), 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.