SKUK.AS vs. REIT
SKUK.AS (iShares $ Sukuk UCITS ETF USD (Dist)) and REIT (ALPS Active REIT ETF) are both exchange-traded funds - SKUK.AS is a Emerging Markets Bonds fund tracking the J.P. Morgan EM Aggregate Sukuk Index, while REIT is a REIT fund actively managed by ALPS. SKUK.AS is passively managed, while REIT is actively managed. Over the past year, SKUK.AS returned 3.40% vs 22.58% for REIT. At a 0.15 correlation, their price movements are largely independent. SKUK.AS charges 0.40%/yr vs 0.68%/yr for REIT.
Performance
SKUK.AS vs. REIT - Performance Comparison
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Returns By Period
In the year-to-date period, SKUK.AS achieves a -0.12% return, which is significantly lower than REIT's 21.52% return.
SKUK.AS
- 1D
- 0.00%
- 1M
- -0.31%
- 6M
- 0.29%
- YTD
- -0.12%
- 1Y
- 3.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.07%
REIT
- 1D
- 0.64%
- 1M
- 6.13%
- 6M
- 18.53%
- YTD
- 21.52%
- 1Y
- 22.58%
- 3Y*
- 10.50%
- 5Y*
- 5.18%
- 10Y*
- —
- ALL TIME*
- 8.36%
SKUK.AS vs. REIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKUK.AS iShares $ Sukuk UCITS ETF USD (Dist) | -0.12% | 5.00% | 5.37% |
REIT ALPS Active REIT ETF | 21.52% | -0.55% | 7.68% |
Correlation
The correlation between SKUK.AS and REIT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2024 | 0.15 |
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Return for Risk
SKUK.AS vs. REIT — Risk / Return Rank
SKUK.AS
REIT
SKUK.AS vs. REIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Sukuk UCITS ETF USD (Dist) (SKUK.AS) and ALPS Active REIT ETF (REIT). 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.
| SKUK.AS | REIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 3.08 | -2.07 |
| Martin ratioReturn relative to average drawdown | 3.73 | 9.10 | -5.38 |
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Drawdowns
SKUK.AS vs. REIT - Drawdown Comparison
The maximum SKUK.AS drawdown since its inception was -3.33%, smaller than the maximum REIT drawdown of -29.30%. Use the drawdown chart below to compare losses from any high point for SKUK.AS and REIT.
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Drawdown Indicators
| SKUK.AS | REIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.33% | -29.30% | +25.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -7.35% | +4.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.19% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.30% | — |
Current DrawdownCurrent decline from peak | -0.89% | 0.00% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -10.15% | +9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.49% | -1.58% |
Volatility
SKUK.AS vs. REIT - Volatility Comparison
The current volatility for iShares $ Sukuk UCITS ETF USD (Dist) (SKUK.AS) is 0.59%, while ALPS Active REIT ETF (REIT) has a volatility of 4.50%. This indicates that SKUK.AS experiences smaller price fluctuations and is considered to be less risky than REIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKUK.AS | REIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 4.50% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 10.44% | -7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 13.56% | -10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.15% | 18.50% | -15.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.15% | 18.34% | -15.19% |
SKUK.AS vs. REIT - Expense Ratio Comparison
SKUK.AS has a 0.40% expense ratio, which is lower than REIT's 0.68% expense ratio.
Dividends
SKUK.AS vs. REIT - Dividend Comparison
SKUK.AS's dividend yield for the trailing twelve months is around 4.81%, more than REIT's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
REIT ALPS Active REIT ETF | 2.62% | 3.20% | 3.06% | 3.13% | 2.81% | 4.71% |
SKUK.AS iShares $ Sukuk UCITS ETF USD (Dist) | 4.81% | 2.41% | 4.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SKUK.AS and REIT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SKUK.AS is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SKUK.AS is cheaper with a 0.40% expense ratio, compared with 0.68% for REIT.
SKUK.AS is categorized as Emerging Markets Bonds, while REIT is REIT. They also come from different issuers: iShares and ALPS. Their fees differ too: 0.40% for SKUK.AS and 0.68% for REIT.
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