RLTY vs SPY
RLTY vs SPY
Cohen & Steers Real Estate Opportunities and Income Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | RLTY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.19% | 0.09% | |
| AUM | $260M | $789.1B | |
| Dividend Yield | 7.57% | 1.01% | |
| Holdings | 232 | 505 | |
| YTD Return | +13.92% | +9.93% | |
| 1Y Return | +13.40% | +19.50% | |
| 3Y Return (annualized) | +12.57% | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 23.5% | 15.3% | |
| Max Drawdown | -35.4% | -56.5% | |
| Fund Family | Cohen & Steers Funds | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Feb 24, 2022 | Jan 22, 1993 |
RLTY vs SPY Performance
Cohen & Steers Real Estate Opportunities and Income Fund (RLTY) is a ETF from Cohen & Steers Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RLTY returned +13.40% while SPY returned +19.50%. Year to date, RLTY is up 13.92% versus a gain of 9.93% for SPY.
Over three years, RLTY compounded at +12.57% per year against +19.33% for SPY. Across the full 4-year window we track, SPY has the edge at +8.74% annualized vs +3.69%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RLTY has been the more volatile fund, with annualized monthly volatility of 23.5% compared with 15.3% 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 -35.4% for RLTY and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RLTY charges 1.19% per year while SPY charges 0.09%. On a $10,000 position that is $119 vs $9 annually, a gap of $110 per year that compounds over a long holding period. On income, RLTY currently yields 7.57% against 1.01% for SPY.
Holdings Overlap
RLTY and SPY share 18 holdings out of 654 unique holdings combined, representing a 1.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in RLTY | Weight in SPY | Difference |
|---|---|---|---|
| WELL | 15.93% | 0.25% | 15.68% |
| DLR | 10.68% | 0.09% | 10.59% |
| CCI | 8.88% | 0.05% | 8.83% |
| AMT | Pro | Pro | Pro |
| PLD | Pro | Pro | Pro |
| EQIX | Pro | Pro | Pro |
| EXR | Pro | Pro | Pro |
| IRM | Pro | Pro | Pro |
| HST | Pro | Pro | Pro |
| PSA | Pro | Pro | Pro |
See all 10 holdings RLTY shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, RLTY or SPY?
RLTY has an expense ratio of 1.19% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $110 per year of difference.
Which performed better, RLTY or SPY?
Over the past year RLTY returned +13.40% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), RLTY annualized +3.69% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, RLTY or SPY?
RLTY has been the more volatile fund at 23.5% annualized versus 15.3% for SPY. Worst drawdown: RLTY -35.4% vs SPY -56.5%.
Should I hold both RLTY and SPY?
RLTY and SPY have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RLTY and SPY?
RLTY and SPY share 18 common holdings with a 1.7% weight overlap. Combined, they hold 654 unique securities.
Which pays a higher dividend, RLTY or SPY?
RLTY yields 7.57% while SPY yields 1.01%, so RLTY currently pays the higher dividend yield.
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