CRED vs. XLRI

Last updated Jun 24, 2026

CRED (Columbia Research Enhanced Real Estate ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - CRED is a REIT fund tracking the Beta Advantage Lionstone Research Enhanced REIT Index - Benchmark TR Gross, while XLRI is a Derivative Income fund actively managed by State Street. CRED is passively managed, while XLRI is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. CRED charges 0.33%/yr vs 0.35%/yr for XLRI.

Performance

CRED vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Real Estate ETF (CRED) 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, CRED achieves a 16.23% return, which is significantly higher than XLRI's 6.71% return.

CRED

• 1D: 1.13%
• 1M: 1.64%
• YTD: 16.23%
• 6M: 17.22%
• 1Y: 10.72%
• 3Y*: 11.05%
• 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)

CRED vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
CRED Columbia Research Enhanced Real Estate ETF	16.23%	-4.82%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	6.71%	-0.57%

Correlation

The correlation between CRED and XLRI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.91

Return for Risk

CRED vs. XLRI — Risk / Return Rank

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

CRED

CRED Risk / Return Rank: 24
CRED Sharpe Ratio Rank: 24
CRED Sortino Ratio Rank: 22
CRED Omega Ratio Rank: 22
CRED Calmar Ratio Rank: 28
CRED Martin Ratio Rank: 24

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.

CRED vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Real Estate ETF (CRED) 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.

	CRED	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	0.81	—	—
Sortino ratio: Return per unit of downside risk	1.17	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.29	—	—
Martin ratio: Return relative to average drawdown	2.92	—	—

Drawdowns

CRED vs. XLRI - Drawdown Comparison

The maximum CRED drawdown since its inception was -17.59%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for CRED and XLRI.

Drawdown Indicators

	CRED	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-17.59%	-7.12%	-10.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.59%	—	—
Current Drawdown Current decline from peak	-0.13%	-0.54%	+0.41%
Average Drawdown Average peak-to-trough decline	-5.56%	-1.65%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	—	—

Volatility

Volatility by Period

	CRED	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	10.99%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.28%	10.99%	+5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.28%	10.99%	+5.29%

CRED vs. XLRI - Expense Ratio Comparison

CRED has a 0.33% expense ratio, which is lower than XLRI's 0.35% expense ratio.

Dividends

CRED vs. XLRI - Dividend Comparison

CRED's dividend yield for the trailing twelve months is around 4.38%, less than XLRI's 12.24% yield.

Position	TTM	2025	2024	2023
CRED Columbia Research Enhanced Real Estate ETF	4.38%	5.50%	4.82%	2.72%
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 CRED and XLRI in my portfolio?

With a correlation of 0.91, CRED and XLRI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CRED or XLRI?

On fees, CRED is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRED or XLRI?

CRED is cheaper with a 0.33% expense ratio, compared with 0.35% for XLRI.

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

XLRI has the higher dividend yield at 12.24%, compared with 4.38% for CRED.

What is the main difference between CRED and XLRI?

CRED is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: Columbia and State Street. Their fees differ too: 0.33% for CRED and 0.35% for XLRI.