REIX vs SPY
NYLIM CBRE Real Estate & Infrastructure ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, REIX or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. REIX is less concentrated, with 26.6% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | REIX | SPY |
|---|---|---|
| Expense Ratio | 0.45% | 0.09%Best |
| AUM | $7M | $811.2B |
| Dividend Yield | 2.71% | 0.98% |
| Holdings | 109 | 1,515 |
| YTD Return | +1.77% | +13.54%Best |
| 1Y Return | +3.10% | +16.25%Best |
| 3Y Return (annualized) | +12.73% | +23.72%Best |
| 5Y Return (annualized) | - | +13.95% |
| Volatility (annualized) | 13.8% | 12.6%Best |
| Max Drawdown | -15.7%Best | -18.8% |
| $10,000 over 3.4 years | $12,415 | $19,482Best |
| Top 10 Weight | 26.6%Best | 38.2% |
| Fund Family | IndexIQ Trust | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 10, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 10, 2023 to Oct 2, 2026 (3.4 years).
REIX vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
REIX vs SPY Performance
NYLIM CBRE Real Estate & Infrastructure ETF (REIX) is an ETF from IndexIQ Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year REIX returned +3.10% while SPY returned +16.25%. Year to date, REIX is up 1.77% versus a gain of 13.54% for SPY.
Over three years, REIX compounded at +12.73% per year against +23.72% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
REIX has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 12.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.7% for REIX and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
REIX charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, REIX currently yields 2.71% against 0.98% for SPY.
Holdings Overlap
47.7% of REIX's money is in holdings SPY also owns. 3.0% of SPY's money is in holdings REIX also owns.
The two portfolios partly overlap.
32 positions in common, counted across the 107 positions we hold weights for in REIX and 504 in SPY, against full books of 109 and 1,515.
What only one of them owns
Our book lists 465 positions for SPY that do not appear in our book for REIX (96.3% of the fund), and 23 for REIX that do not appear in SPY (15.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in REIX | Weight in SPY | Difference |
|---|---|---|---|
| WELLWelltower, Inc. | 6.97% | 0.25% | 6.72% |
| EQIXEquinix Inc. Real Estate Investment Trust | 4.14% | 0.15% | 3.99% |
| XELXcel Energy Inc. | 2.87% | 0.07% | 2.80% |
| WECWec Energy Group Inc. | 2.41% | 0.05% | 2.36% |
| WMBWilliams Cos. Inc. | 2.00% | 0.13% | 1.87% |
| AMTAmerican Tower Corporation | 1.63% | 0.13% | 1.50% |
| ATOAtmos Energy Corp | 1.53% | 0.04% | 1.49% |
| PPLPpl Corp (Utilities) | 1.52% | 0.04% | 1.48% |
| AEPAmerican Electric Power Co Inc | 1.46% | 0.10% | 1.36% |
| REGRegency Centers Corp. | 1.49% | 0.02% | 1.47% |
47.7% of REIX is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, REIX or SPY?
REIX has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, REIX or SPY?
Over the past year REIX returned +3.10% vs +16.25% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, REIX or SPY?
REIX has been the more volatile fund at 13.8% annualized versus 12.6% for SPY. Worst drawdown: REIX -15.7% vs SPY -18.8%.
Should I hold both REIX and SPY?
REIX and SPY have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between REIX and SPY?
47.7% of REIX's money is in holdings SPY also owns. 3.0% of SPY's is in holdings REIX also owns. They hold 32 positions in common, counted across the 107 positions we hold weights for in REIX and 504 in SPY.
Which pays a higher dividend, REIX or SPY?
REIX yields 2.71% while SPY yields 0.98%, so REIX currently pays the higher dividend yield.
Is SPY better than REIX?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. REIX is less concentrated, with 26.6% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.