RNP vs SPY

Comparison between Cohen & Steers REIT & Preferred Income Fund Inc (RNP, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed RNP, delivering a return of +13.3% compared to +4.8%

RNP vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RNP(ETF)	SPY(ETF)
Net Assets	$984M	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	90.81%	56.47%
Sharpe Ratio	0.36	2.07
5Y Beta	0.53	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	0.25%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

RNP

$984M

Winner

SPY

$652B

Expense Ratio

RNP

N/A

SPY

0.09%

Max Drawdown

RNP

90.81%

Winner

SPY

56.47%

Sharpe Ratio

RNP

0.36

Winner

SPY

2.07

5Y Beta

Winner

RNP

0.53

SPY

1.00

P/E Ratio

RNP

N/A

SPY

28.24

Forward P/E

RNP

N/A

SPY

21.85

5Y Dividends CAGR

RNP

0.25%

Winner

SPY

5.43%

5Y EPS CAGR

RNP

N/A

SPY

25.79%

Debt to Equity

RNP

N/A

SPY

22.35%

P/S Ratio

RNP

N/A

SPY

3.55

P/B Ratio

RNP

N/A

SPY

5.29

RNP vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	RNP	SPY
1 month	+4.68%	+9.11%
3 months	+3.22%	+6.59%
6 months	+6.01%	+10.56%
1 year	+7.50%	+32.04%
5 years(CAGR)	+4.80%	+13.35%
10 years(CAGR)	+9.24%	+15.49%
Max(CAGR)	+9.15%	+8.50%

RNP

+4.68%

Winner

SPY

+9.11%

RNP

+3.22%

Winner

SPY

+6.59%

RNP

+6.01%

Winner

SPY

+10.56%

RNP

+7.50%

Winner

SPY

+32.04%

5Y(CAGR)

RNP

+4.80%

Winner

SPY

+13.35%

10Y(CAGR)

RNP

+9.24%

Winner

SPY

+15.49%

Max(CAGR)

Winner

RNP

+9.15%

SPY

+8.50%

RNP vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	RNP	SPY
2026	+9.64%	+8.27%
2025	+3.12%	+18.00%
2024	+10.69%	+25.59%
2023	+3.80%	+26.72%
2022	-21.24%	-18.64%
2021	+37.01%	+30.52%
2020	+2.89%	+17.28%
2019	+44.67%	+31.09%
2018	-8.82%	-5.24%
2017	+18.94%	+20.78%
2016	+12.46%	+13.59%
2015	+4.19%	+1.31%
2014	+30.11%	+14.56%
2013	-2.87%	+29.00%
2012	+25.57%	+14.17%
2011	+6.49%	+0.85%
2010	+48.81%	+13.14%
2009	+82.91%	+22.67%
2008	-61.27%	-36.25%
2007	-30.01%	+5.32%
2006	+36.26%	+13.85%
2005	+8.98%	+5.32%
2004	+14.72%	+10.75%
2003	+7.13%	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

RNP vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current RNP drawdown is -1.09%.

Rank	RNP	SPY
#1	-86.90% Feb 8, 2007 - Jun 29, 2012	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-56.66% Feb 11, 2020 - Feb 11, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-36.20% Jan 4, 2022 - Aug 23, 2024	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-24.38% May 20, 2013 - Jul 8, 2014	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-22.45% Apr 1, 2004 - Oct 29, 2004	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-17.27% Oct 17, 2017 - Feb 11, 2019	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-16.36% Sep 16, 2024 - Jul 11, 2025	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-14.37% Jul 29, 2016 - May 24, 2017	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-13.45% Mar 23, 2015 - Jan 5, 2016	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-12.24% Jan 5, 2016 - Mar 16, 2016	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-12.23% Jul 11, 2025 - Dec 12, 2025	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-11.41% Sep 21, 2012 - Jan 9, 2013	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-9.29% Sep 3, 2021 - Dec 27, 2021	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-8.72% Jul 28, 2005 - Dec 27, 2005	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-8.61% Mar 8, 2005 - May 5, 2005	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between RNP and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (1999 - 2026)

RNP vs SPY dividend yield comparison.

Year	RNP	SPY
2026	2.55%	0.24%
2025	8.22%	1.07%
2024	7.81%	1.21%
2023	8.10%	1.40%
2022	13.26%	1.65%
2021	5.20%	1.20%
2020	6.52%	1.52%
2019	6.25%	1.75%
2018	8.36%	2.04%
2017	7.00%	1.80%
2016	7.75%	2.03%
2015	8.03%	2.06%
2014	6.79%	1.87%
2013	7.64%	1.81%
2012	7.06%	2.18%
2011	8.48%	2.05%
2010	7.00%	1.80%
2009	8.09%	1.95%
2008	39.77%	3.02%
2007	20.03%	1.85%
2006	12.97%	1.73%
2005	13.79%	1.73%
2004	8.55%	1.82%
2003	3.28%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%