Real Estate Looks Like It's Hit Bottom. Let's Buy This 8.4% REIT [Forbes]
Nuveen Real Estate Income Fund Common Shares of Beneficial Interest (JRS)
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Source: Forbes
Before we go further, the correlation she's referring to is the fact that, in recent years, publicly traded real estate investment trusts (REITs) have risen and fallen generally in line with the stock market. This suggests that, if you want to hedge your stocks' risk. REITs may not be the best choice. Hold that thought for a sec. At this point, it's worth pointing out that REITs , shown below by the SPDR Dow Jones REIT ETF (RWR) , in purple, have badly lagged the S&P 500 (in orange) over the last 25 years. It's worth taking a closer look at this chart. During the 2000s housing bubble, REITs were far ahead of the S&P 500, as you'd expect. They even kept their lead after the bubble popped, until the pandemic hit stocks and REITs. Stocks, of course, have recovered. REITs haven't. And so, just looking at this chart, yes, these days, REITs aren't rising when stocks fall, and when stocks do rise, REITs climb, as well—just not as far. So what Benz says is true. REITs have been mov
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