SPRE vs. REAI

Last updated Jun 3, 2026

SPRE (SP Funds S&P Global REIT Sharia ETF) and REAI (Intelligent Real Estate ETF) are both REIT funds. SPRE is passively managed, while REAI is actively managed. Over the past year, SPRE returned 10.66% vs 14.52% for REAI. Their correlation of 0.81 suggests significant overlap in exposure. SPRE charges 0.69%/yr vs 0.59%/yr for REAI.

Performance

SPRE vs. REAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global REIT Sharia ETF (SPRE) and Intelligent Real Estate ETF (REAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPRE achieves a 7.88% return, which is significantly lower than REAI's 14.15% return.

SPRE

• 1D: 0.73%
• 1M: -1.70%
• YTD: 7.88%
• 6M: 8.62%
• 1Y: 10.66%
• 3Y*: 6.67%
• 5Y*: 1.62%
• 10Y*: —

REAI

• 1D: 0.12%
• 1M: -0.84%
• YTD: 14.15%
• 6M: 14.58%
• 1Y: 14.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPRE vs. REAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPRE SP Funds S&P Global REIT Sharia ETF	7.88%	3.07%	2.11%	6.18%
REAI Intelligent Real Estate ETF	14.15%	-6.08%	8.00%	1.46%

Correlation

The correlation between SPRE and REAI is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Jun 14, 2023	0.81

The correlation between SPRE and REAI has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.

SPRE vs. REAI - Sectors Allocation Comparison

Sectors	SPRE	REAI
Real Estate	84.4%	97.9%
Basic Materials	5.0%	-
Utilities	0.4%	-
Financial Services	0.1%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	2.1%
Communication Services	-0.0%	1.8%

Return for Risk

SPRE vs. REAI — Risk / Return Rank

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

SPRE

SPRE Risk / Return Rank: 24
SPRE Sharpe Ratio Rank: 23
SPRE Sortino Ratio Rank: 22
SPRE Omega Ratio Rank: 22
SPRE Calmar Ratio Rank: 24
SPRE Martin Ratio Rank: 27

REAI

REAI Risk / Return Rank: 25
REAI Sharpe Ratio Rank: 26
REAI Sortino Ratio Rank: 25
REAI Omega Ratio Rank: 25
REAI Calmar Ratio Rank: 27
REAI Martin Ratio Rank: 25

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.

SPRE vs. REAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) and Intelligent Real Estate ETF (REAI). 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.

	SPRE	REAI	Difference
Sharpe ratio Return per unit of total volatility	0.81	0.95	-0.14
Sortino ratio Return per unit of downside risk	1.19	1.37	-0.18
Omega ratio Gain probability vs. loss probability	1.15	1.17	-0.02
Calmar ratio Return relative to maximum drawdown	1.15	1.30	-0.15
Martin ratio Return relative to average drawdown	3.91	3.35	+0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPRE vs. REAI - Sharpe Ratio Comparison

The current SPRE Sharpe Ratio is 0.81, which is comparable to the REAI Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of SPRE and REAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPRE	REAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	0.95	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.31	-0.06

Drawdowns

SPRE vs. REAI - Drawdown Comparison

The maximum SPRE drawdown since its inception was -38.34%, which is greater than REAI's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for SPRE and REAI.

Drawdown Indicators

	SPRE	REAI	Difference
Max Drawdown Largest peak-to-trough decline	-38.34%	-22.29%	-16.05%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-11.08%	+1.45%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.34%	—	—
Current Drawdown Current decline from peak	-12.42%	-2.85%	-9.57%
Average Drawdown Average peak-to-trough decline	-17.93%	-7.31%	-10.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	4.30%	-1.47%

Volatility

SPRE vs. REAI - Volatility Comparison

SP Funds S&P Global REIT Sharia ETF (SPRE) and Intelligent Real Estate ETF (REAI) have volatilities of 3.87% and 3.87%, 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.

Volatility by Period

	SPRE	REAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	3.87%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	10.49%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	15.37%	-2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.74%	18.07%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.42%	18.07%	+0.35%

SPRE vs. REAI - Expense Ratio Comparison

SPRE has a 0.69% expense ratio, which is higher than REAI's 0.59% expense ratio.

Dividends

SPRE vs. REAI - Dividend Comparison

SPRE's dividend yield for the trailing twelve months is around 3.86%, more than REAI's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021
REAI Intelligent Real Estate ETF	3.25%	4.52%	3.34%	1.99%	0.00%	0.00%
SPRE SP Funds S&P Global REIT Sharia ETF	3.86%	4.10%	4.13%	4.16%	4.17%	2.83%

Frequently Asked Questions

Can I hold both SPRE and REAI in my portfolio?

SPRE and REAI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPRE or REAI?

REAI has higher volatility (3.87%) compared to SPRE (3.87%). In terms of maximum drawdown, SPRE dropped -38.34% vs REAI's -22.29%.

Which ETF is better, SPRE or REAI?

On 1-year performance, REAI leads with 14.52% vs 10.66% for SPRE. On fees, REAI is cheaper at 0.59% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPRE or REAI?

Over the 1-year period, REAI has performed better with a 14.52% return vs 10.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPRE or REAI?

REAI is cheaper with a 0.59% expense ratio, compared with 0.69% for SPRE.

Which ETF pays a higher dividend yield, SPRE or REAI?

SPRE has the higher dividend yield at 3.86%, compared with 3.25% for REAI.

What is the main difference between SPRE and REAI?

They also come from different issuers: Toroso Investments and Armada ETF Advisors. Their fees differ too: 0.69% for SPRE and 0.59% for REAI.

Which has better risk-adjusted returns?

REAI currently has the higher Sharpe Ratio (0.95 vs 0.81), 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.