RNP vs SPIP

Comparison between Cohen & Steers REIT & Preferred Income Fund Inc (RNP, ETF) and SPDR(R) PORTFOLIO TIPS ETF (SPIP, ETF).

5-Year PerformanceRNP has outperformed SPIP, delivering a return of +4.8% compared to +1.0%

RNP vs SPIP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RNP(ETF)	SPIP(ETF)
Net Assets	$984M	$984M
Expense Ratio	N/A	0.12%
Max Drawdown	90.81%	23.50%
Sharpe Ratio	0.36	0.28
5Y Beta	0.53	0.04
5Y Dividends CAGR	0.25%	13.23%

Net Assets

Winner

RNP

$984M

SPIP

$984M

Expense Ratio

RNP

N/A

SPIP

0.12%

Max Drawdown

RNP

90.81%

Winner

SPIP

23.50%

Sharpe Ratio

Winner

RNP

0.36

SPIP

0.28

5Y Beta

RNP

0.53

Winner

SPIP

0.04

5Y Dividends CAGR

RNP

0.25%

Winner

SPIP

13.23%

RNP vs SPIP - Historical Returns

Returns include dividend reinvestment.

Period	RNP	SPIP
1 month	+4.68%	+0.92%
3 months	+3.22%	+0.97%
6 months	+6.01%	+1.44%
1 year	+7.50%	+5.16%
5 years(CAGR)	+4.80%	+0.99%
10 years(CAGR)	+9.24%	+2.70%
Max(CAGR)	+9.15%	+3.58%

Winner

RNP

+4.68%

SPIP

+0.92%

Winner

RNP

+3.22%

SPIP

+0.97%

Winner

RNP

+6.01%

SPIP

+1.44%

Winner

RNP

+7.50%

SPIP

+5.16%

5Y(CAGR)

Winner

RNP

+4.80%

SPIP

+0.99%

10Y(CAGR)

Winner

RNP

+9.24%

SPIP

+2.70%

Max(CAGR)

Winner

RNP

+9.15%

SPIP

+3.58%

RNP vs SPIP - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	RNP	SPIP
2026	+9.64%	+1.83%
2025	+3.12%	+6.66%
2024	+10.69%	+1.79%
2023	+3.80%	+2.70%
2022	-21.24%	-12.15%
2021	+37.01%	+5.76%
2020	+2.89%	+10.90%
2019	+44.67%	+8.96%
2018	-8.82%	-1.33%
2017	+18.94%	+2.91%
2016	+12.46%	+4.36%
2015	+4.19%	-3.17%
2014	+30.11%	+4.19%
2013	-2.87%	-9.14%
2012	+25.57%	+7.43%
2011	+6.49%	+14.09%
2010	+48.81%	+5.99%
2009	+82.91%	+11.54%
2008	-61.27%	-2.88%
2007	-30.01%	+9.82%
2006	+36.26%	N/A
2005	+8.98%	N/A
2004	+14.72%	N/A
2003	+7.13%	N/A

RNP vs SPIP Drawdown Comparison

The maximum drawdown for RNP was -86.90%, occurring on Mar 9, 2009. Recovery took 1359 trading sessions.

The maximum drawdown for SPIP was -15.36%, occurring on Oct 6, 2023. This drawdown has not yet recovered.

The current RNP drawdown is -1.09%. The current SPIP drawdown is -0.75%.

Rank	RNP	SPIP
#1	-86.90% Feb 8, 2007 - Jun 29, 2012	-15.36% Nov 9, 2021 - Oct 6, 2023
#2	-56.66% Feb 11, 2020 - Feb 11, 2021	-14.38% Mar 12, 2008 - Oct 1, 2009
#3	-36.20% Jan 4, 2022 - Aug 23, 2024	-11.92% Dec 6, 2012 - Mar 20, 2019
#4	-24.38% May 20, 2013 - Jul 8, 2014	-10.66% Mar 6, 2020 - Apr 28, 2020
#5	-22.45% Apr 1, 2004 - Oct 29, 2004	-5.74% Oct 25, 2010 - Apr 19, 2011
#6	-17.27% Oct 17, 2017 - Feb 11, 2019	-3.64% Aug 10, 2011 - Nov 2, 2011
#7	-16.36% Sep 16, 2024 - Jul 11, 2025	-3.33% Nov 26, 2007 - Jan 9, 2008
#8	-14.37% Jul 29, 2016 - May 24, 2017	-3.27% Jan 25, 2021 - May 5, 2021
#9	-13.45% Mar 23, 2015 - Jan 5, 2016	-2.70% Nov 30, 2009 - Apr 29, 2010
#10	-12.24% Jan 5, 2016 - Mar 16, 2016	-2.64% Feb 11, 2008 - Feb 29, 2008
#11	-12.23% Jul 11, 2025 - Dec 12, 2025	-2.57% Aug 29, 2019 - Jan 24, 2020
#12	-11.41% Sep 21, 2012 - Jan 9, 2013	-2.49% Aug 1, 2012 - Sep 13, 2012
#13	-9.29% Sep 3, 2021 - Dec 27, 2021	-1.93% Jan 31, 2012 - Apr 17, 2012
#14	-8.72% Jul 28, 2005 - Dec 27, 2005	-1.75% May 30, 2007 - Jul 10, 2007
#15	-8.61% Mar 8, 2005 - May 5, 2005	-1.69% Aug 1, 2007 - Aug 30, 2007

Correlation

Correlation between RNP and SPIP is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2003 - 2026)

RNP vs SPIP dividend yield comparison.

Year	RNP	SPIP
2026	2.55%	1.08%
2025	8.22%	4.09%
2024	7.81%	3.36%
2023	8.10%	3.70%
2022	13.26%	7.05%
2021	5.20%	4.53%
2020	6.52%	1.97%
2019	6.25%	2.91%
2018	8.36%	2.81%
2017	7.00%	3.02%
2016	7.75%	1.88%
2015	8.03%	0.14%
2014	6.79%	1.66%
2013	7.64%	1.11%
2012	7.06%	2.35%
2011	8.48%	3.95%
2010	7.00%	2.32%
2009	8.09%	1.87%
2008	39.77%	5.92%
2007	20.03%	3.43%
2006	12.97%	0.00%
2005	13.79%	0.00%
2004	8.55%	0.00%
2003	3.28%	0.00%