ETF Evaluator:
ALPS Active REIT ETF (REIT)
Follow This ETF
(as of Jul 31)
Best Performing in Real Estate Over the Last Year
| 64.8% | Global X Data Center & Dgtl Infrs ETF (DTCR) |
| 29.5% | Invesco KBW Premium Yield Eq REIT ETF (KBWY) |
| 24.0% | ALPS REIT Dividend Dogs ETF (RDOG) |
| 21.6% | Janus Henderson US Real Estate ETF (JRE) |
| 21.5% | State Street® SPDR® Dow Jones® REIT ETF (RWR) |
Risk
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Risk
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ETF Details
ALPS Active REIT ETF Overview
ALPS Active REIT ETF (REIT) is an actively managed Sector Equity Real Estate exchange-traded fund (ETF). ALPS launched the ETF in 2021.
The investment seeks total return through dividends and capital appreciation.
The fund will, under normal circumstances, seek to achieve its investment objective by investing at least 80% of its net assets in publicly traded equity securities of REITs. It will primarily invest in publicly traded common equity securities of U.S. REITs. The fund may also invest a portion of its assets in publicly traded common equity of U.S. real estate operating companies (not structured as REITs), publicly traded preferred equity of U.S. REITs and real estate operating companies, and cash and cash equivalents. It is non-diversified.
About ALPS Active REIT ETF (REIT)
There are 2 members of the management team with an average tenure of 5.35 years: Nicholas Tannura (2021) and Julia Pence (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US 1000 TR USD index with a weighting of 100% and S&P United States REIT TR USD index with a weighting of 100%. ALPS Active REIT ETF has 29 securities in its portfolio. The top 10 holdings constitute 56.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ALPS Active REIT ETF is part of the Equity global asset class and is within the Sector Equity ETF group. ALPS Active REIT ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.4% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ALPS Active REIT ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $54 million in total assets, which is below the $1 billion average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
REIT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ALPS Active REIT ETF expense ratio is above average compared to funds in the Real Estate category. ALPS Active REIT ETF has an expense ratio of 0.68%, which is 38% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ALPS Active REIT ETF has a portfolio turnover rate of 61%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.
Recently, in the month of June 2026, ALPS Active REIT ETF returned 2.7%, which earned it a grade of B, as the Real Estate category had an average return of 2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ALPS Active REIT ETF has a trailing yield of 2.72%, which is below the 4.16% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ALPS Active REIT ETF Grades
Year to date, the ETF has returned 17.3%, 3.9 percentage points better than the category, which translates into a grade of A. The fund has returned 19.0% over the past year (grade of B), 10.8% over the past three years (grade of B) and 5.1% per year over the past five years (grade of B).
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REIT Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| REIT Return (NAV) | 2.7% | 11.8% | 19.0% | 10.8% | 5.1% | na |
| REIT Return (Price) | 2.6% | 11.9% | 19.0% | 10.9% | 5.1% | na |
| NAV +/- Price Return | 0.082% | -0.097% | 0.048% | -0.108% | 0.076% | na |
| Real Estate Avg | 2.0% | 11.7% | 15.1% | 9.7% | 3.4% | 4.6% |
| REIT Grade (NAV) | B | B | B | B | B | na |
| +/- Category (NAV) | 0.7% | 0.0% | 4.0% | 1.1% | 1.7% | na |
| REIT Tax-Cost Ratio | na | na | 1.2% | 1.3% | 1.4% | na |
REIT Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| REIT Return (NAV) | 17.3% | -0.7% | 7.4% | 13.8% | -20.9% | na | na | na | na | na | na |
| REIT Return (Price) | 17.2% | -0.5% | 7.1% | 13.8% | -21.2% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.003% | -0.222% | -0.038% | 0.001% | 0.014% | na | na | na | na | na | na |
| Real Estate Avg | 13.4% | 2.1% | 5.1% | 11.8% | -25.5% | 37.6% | -8.2% | 26.9% | -4.5% | 8.2% | 10.1% |
| REIT Grade (NAV) | A | D | B | A | A | na | na | na | na | na | na |
| +/- Category | 3.9% | -2.8% | 2.2% | 1.9% | 4.6% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.95 |
| R-Squared: | 55% |
| Standard Deviation: | 16.2% |
| Category Risk Index: | 0.95 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.33 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 2.7% |
| Total Assets: | $ 55 Mil |
| Share Class Assets: | $ 55 Mil |
| Turnover: | 61.0% |
| Expense Ratio: | 0.68% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US 1000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.4 years | |||
| Average Tenure: 5.4 years | |||
| Managers (Year): Tannura Nicholas (2021), Pence Julia (2021) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 29 |
| % in Top 10 Holdings: | 56.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ALPS |
| Phone Number: | 866-759-5679 |
| Website: | www.alpsfunds.com |
| Inception Date: | February 24, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.68% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.49% |
