DESK vs. XLRI

Last updated Jun 24, 2026

DESK (Vaneck Office And Commercial REIT ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - DESK is a REIT fund tracking the MarketVector US Listed Office And Commercial REITS Index - Benchmark TR Gross, while XLRI is a Derivative Income fund actively managed by State Street. DESK is passively managed, while XLRI is actively managed. A 0.63 correlation means they provide meaningful diversification when combined. DESK charges 0.50%/yr vs 0.35%/yr for XLRI.

Performance

DESK vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vaneck Office And Commercial REIT ETF (DESK) 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, DESK achieves a 12.32% return, which is significantly higher than XLRI's 6.71% return.

DESK

• 1D: 0.55%
• 1M: 8.03%
• YTD: 12.32%
• 6M: 13.23%
• 1Y: 4.85%
• 3Y*: —
• 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)

DESK vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
DESK Vaneck Office And Commercial REIT ETF	12.32%	-6.22%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	6.71%	-0.57%

Correlation

The correlation between DESK and XLRI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.63

Return for Risk

DESK vs. XLRI — Risk / Return Rank

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

DESK

DESK Risk / Return Rank: 11
DESK Sharpe Ratio Rank: 12
DESK Sortino Ratio Rank: 12
DESK Omega Ratio Rank: 11
DESK Calmar Ratio Rank: 11
DESK Martin Ratio Rank: 11

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.

DESK vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vaneck Office And Commercial REIT ETF (DESK) 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.

	DESK	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	0.24	—	—
Sortino ratio: Return per unit of downside risk	0.47	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.19	—	—
Martin ratio: Return relative to average drawdown	0.41	—	—

Drawdowns

DESK vs. XLRI - Drawdown Comparison

The maximum DESK drawdown since its inception was -28.65%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for DESK and XLRI.

Drawdown Indicators

	DESK	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-28.65%	-7.12%	-21.53%
Max Drawdown (1Y) Largest decline over 1 year	-25.09%	—	—
Current Drawdown Current decline from peak	-8.06%	-0.54%	-7.52%
Average Drawdown Average peak-to-trough decline	-11.30%	-1.65%	-9.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.84%	—	—

Volatility

Volatility by Period

	DESK	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.57%	10.99%	+9.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.87%	10.99%	+14.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.87%	10.99%	+14.88%

DESK vs. XLRI - Expense Ratio Comparison

DESK has a 0.50% expense ratio, which is higher than XLRI's 0.35% expense ratio.

Dividends

DESK vs. XLRI - Dividend Comparison

DESK's dividend yield for the trailing twelve months is around 4.79%, less than XLRI's 12.24% yield.

Position	TTM	2025	2024	2023
DESK Vaneck Office And Commercial REIT ETF	4.79%	5.15%	3.78%	1.73%
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 DESK and XLRI in my portfolio?

DESK and XLRI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DESK 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, DESK or XLRI?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.50% for DESK.

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

XLRI has the higher dividend yield at 12.24%, compared with 4.79% for DESK.

What is the main difference between DESK and XLRI?

DESK is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.50% for DESK and 0.35% for XLRI.