SPIP vs RNP

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

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

SPIP vs RNP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SPIP

$984M

Winner

RNP

$984M

Expense Ratio

SPIP

0.12%

RNP

N/A

Max Drawdown

Winner

SPIP

23.50%

RNP

90.81%

Sharpe Ratio

SPIP

0.28

Winner

RNP

0.36

5Y Beta

Winner

SPIP

0.04

RNP

0.53

5Y Dividends CAGR

Winner

SPIP

13.23%

RNP

0.25%

SPIP vs RNP - Historical Returns

Returns include dividend reinvestment.

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

SPIP

+0.92%

Winner

RNP

+4.68%

SPIP

+0.97%

Winner

RNP

+3.22%

SPIP

+1.44%

Winner

RNP

+6.01%

SPIP

+5.16%

Winner

RNP

+7.50%

5Y(CAGR)

SPIP

+0.99%

Winner

RNP

+4.80%

10Y(CAGR)

SPIP

+2.70%

Winner

RNP

+9.24%

Max(CAGR)

SPIP

+3.58%

Winner

RNP

+9.15%

SPIP vs RNP - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

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

SPIP vs RNP Drawdown Comparison

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

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

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

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

Correlation

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

0.93

-101

Dividend Comparison (2003 - 2026)

SPIP vs RNP dividend yield comparison.

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