RINC vs. SPYQ

Last updated Jun 4, 2026

RINC (AXS Real Estate Income ETF) and SPYQ (Tradr 2X Long SPY Quarterly ETF) are both exchange-traded funds - RINC is a REIT fund tracking the Gapstow Real Estate Income Index, while SPYQ is a Leveraged Equities fund actively managed by AXS. RINC is passively managed, while SPYQ is actively managed. At a 0.33 correlation, their price movements are largely independent. RINC charges 0.89%/yr vs 1.30%/yr for SPYQ.

Performance

RINC vs. SPYQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXS Real Estate Income ETF (RINC) and Tradr 2X Long SPY Quarterly ETF (SPYQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RINC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYQ

• 1D: -1.31%
• 1M: 8.90%
• YTD: 17.27%
• 6M: 16.66%
• 1Y: 48.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RINC vs. SPYQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RINC AXS Real Estate Income ETF	0.00%	7.75%	-5.47%
SPYQ Tradr 2X Long SPY Quarterly ETF	17.27%	26.22%	4.76%

Correlation

The correlation between RINC and SPYQ is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024	0.33

Over the past year, the correlation between RINC and SPYQ has dropped to 0.12 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Return for Risk

RINC vs. SPYQ — Risk / Return Rank

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

SPYQ

SPYQ Risk / Return Rank: 57
SPYQ Sharpe Ratio Rank: 59
SPYQ Sortino Ratio Rank: 54
SPYQ Omega Ratio Rank: 56
SPYQ Calmar Ratio Rank: 52
SPYQ Martin Ratio Rank: 64

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.

RINC vs. SPYQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AXS Real Estate Income ETF (RINC) and Tradr 2X Long SPY Quarterly ETF (SPYQ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	RINC	SPYQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.88	—

Drawdowns

Drawdown Indicators

	RINC	SPYQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-35.88%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-18.70%	—
Current Drawdown Current decline from peak	—	-1.31%	—
Average Drawdown Average peak-to-trough decline	—	-4.89%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.16%	—

Volatility

Volatility by Period

	RINC	SPYQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	23.77%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	34.61%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	34.61%	—

RINC vs. SPYQ - Expense Ratio Comparison

RINC has a 0.89% expense ratio, which is lower than SPYQ's 1.30% expense ratio.

Dividends

RINC vs. SPYQ - Dividend Comparison

RINC's dividend yield for the trailing twelve months is around 2.16%, more than SPYQ's 0.14% yield.

Position	TTM	2025	2024	2023
RINC AXS Real Estate Income ETF	2.16%	6.04%	10.85%	3.88%
SPYQ Tradr 2X Long SPY Quarterly ETF	0.14%	0.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RINC and SPYQ in my portfolio?

RINC and SPYQ have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RINC or SPYQ?

On fees, RINC is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RINC or SPYQ?

RINC is cheaper with a 0.89% expense ratio, compared with 1.30% for SPYQ.

Which ETF pays a higher dividend yield, RINC or SPYQ?

RINC has the higher dividend yield at 2.16%, compared with 0.14% for SPYQ.

What is the main difference between RINC and SPYQ?

RINC is categorized as REIT, while SPYQ is Leveraged Equities. Their fees differ too: 0.89% for RINC and 1.30% for SPYQ.