APLY vs. XLRI

Last updated Jun 24, 2026

APLY (YieldMax AAPL Option Income Strategy ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - APLY is a Options Trading fund actively managed by YieldMax, while XLRI is a Derivative Income fund actively managed by State Street. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. APLY charges 0.99%/yr vs 0.35%/yr for XLRI.

Performance

APLY vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AAPL Option Income Strategy ETF (APLY) and State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APLY achieves a 4.06% return, which is significantly lower than XLRI's 6.71% return.

APLY

• 1D: -0.56%
• 1M: -4.43%
• YTD: 4.06%
• 6M: 3.68%
• 1Y: 30.98%
• 3Y*: 8.87%
• 5Y*: —
• 10Y*: —

XLRI

• 1D: 1.31%
• 1M: 1.23%
• YTD: 6.71%
• 6M: 7.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APLY vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
APLY YieldMax AAPL Option Income Strategy ETF	4.06%	18.91%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	6.71%	-0.57%

Correlation

The correlation between APLY and XLRI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.19

Return for Risk

APLY vs. XLRI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APLY

APLY Risk / Return Rank: 52
APLY Sharpe Ratio Rank: 53
APLY Sortino Ratio Rank: 52
APLY Omega Ratio Rank: 54
APLY Calmar Ratio Rank: 56
APLY Martin Ratio Rank: 43

XLRI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APLY vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AAPL Option Income Strategy ETF (APLY) and State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	APLY	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	1.73	—	—
Sortino ratio: Return per unit of downside risk	2.42	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.65	—	—
Martin ratio: Return relative to average drawdown	6.59	—	—

Drawdowns

APLY vs. XLRI - Drawdown Comparison

The maximum APLY drawdown since its inception was -30.41%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for APLY and XLRI.

Drawdown Indicators

	APLY	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-30.41%	-7.12%	-23.29%
Max Drawdown (1Y) Largest decline over 1 year	-11.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.41%	—	—
Current Drawdown Current decline from peak	-5.78%	-0.54%	-5.24%
Average Drawdown Average peak-to-trough decline	-6.88%	-1.65%	-5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	—	—

Volatility

Volatility by Period

	APLY	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.97%	10.99%	+6.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.93%	10.99%	+9.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.93%	10.99%	+9.94%

APLY vs. XLRI - Expense Ratio Comparison

APLY has a 0.99% expense ratio, which is higher than XLRI's 0.35% expense ratio.

Dividends

APLY vs. XLRI - Dividend Comparison

APLY's dividend yield for the trailing twelve months is around 36.54%, more than XLRI's 12.24% yield.

Position	TTM	2025	2024	2023
APLY YieldMax AAPL Option Income Strategy ETF	36.54%	36.38%	24.95%	14.36%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	12.24%	6.85%	0.00%	0.00%

Frequently Asked Questions

Can I hold both APLY and XLRI in my portfolio?

APLY and XLRI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APLY or XLRI?

On fees, XLRI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APLY or XLRI?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.99% for APLY.

Which ETF pays a higher dividend yield, APLY or XLRI?

APLY has the higher dividend yield at 36.54%, compared with 12.24% for XLRI.

What is the main difference between APLY and XLRI?

APLY is categorized as Options Trading, while XLRI is Derivative Income. They also come from different issuers: YieldMax and State Street. Their fees differ too: 0.99% for APLY and 0.35% for XLRI.