Intelligent Real Estate ETF
$19.99−1.58 (−7.32%)
- 0.59%
- $1M
- +6.1%
- 3.95%
- 0M sh
- $20.07
- low $18.30high $21.95
The ETF.net REAI Grade
C
Score 40 out of 100
- 25 of 35
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 50
- This cap took
- −10
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.A71 out of 100Rank 10 of 35Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 23 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F21 out of 100Rank 32 of 35Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C49 out of 100Rank 22 of 35Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D32 out of 100Rank 30 of 35
Our read on REAI
CArmada is a REIT-only quant shop, and REAI is its house view in an ETF: actively picked commercial REITs plus a smaller mortgage-backed sleeve, measured against the Dow Jones U.S. Select REIT Index.
The Fund seeks total return through active management of publicly traded REITs and limited mortgage-backed securities. Investments are primarily listed on U.S. exchanges, with smaller allocations to Canadian, European, and Asian exchanges.
Why people hold it
- Charges 0.59% a year, below the 0.65% median for actively managed US equity ETFs, which is uncommon for a boutique running a specialist sleeve.
- Narrow by design: a real estate specialist picking mostly US-listed commercial REITs, with smaller allocations to Canadian, European and Asian listings.armadaetfs.com
- Names a plain benchmark, the Dow Jones U.S. Select REIT Index, so the stock picking can be checked against ordinary REIT exposure.
Worth knowing
- A small fund that trades thinly. Spreads can be wide and the shares can be hard to move in size, unlike the big REIT index funds.
- Launched in 2023 as a listed-REIT stand-in for private real estate, then rebranded in January 2024 to the current factor-driven REIT strategy, so the mandate's history is short.armadaetfs.com
- One sector, actively run, at 0.59%. That is a real premium over index REIT exposure, and it sits in the lower half of the active US equity funds we grade.
REAI Holdings
- Stocks
- 25
- 60%
- EQIX
Sectors
- Real Estate98.4%
- Technology1.6%
Geography
- United States71.23%
- Singapore15.11%
- United Kingdom8.44%
- Australia3.76%
- China1.46%
Developed 95% · Emerging 5%
REAI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
REAI$10,614
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | REAI |
|---|---|
| Year to date | +9.7% |
| 1 month | −3.0% |
| 3 months | −4.3% |
| 1 year | +6.1% |
| 3 years | +7.2% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | REAI |
|---|---|---|
| 2026 YTD | +9.7% | |
| 2025 | −6.3% | |
| 2024 | +8.0% | |
| 2023 | +1.5% |
REAI in the news
REAI Dividends
- 3.95%
- $0.80
- $0.33 per share
- Twice a year
Distribution history
REAI Risk
- 17.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.19
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
REAI Cost
0.59%
REAI0.59%
- The middle half of US Active Sector funds
- Median 0.65%
9 of the 35 US Active Sector funds charge less.
Other funds in US Active Sector
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- CDPREVirtus Duff & Phelps Real Estate Income ETFExpense ratio 0.59%1 year return —
- CTRUFVanEck Financials TruSector ETFExpense ratio 0.10%1 year return —
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