DFAR vs. XLRI

Last updated Jun 24, 2026

DFAR (Dimensional US Real Estate ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - DFAR is a REIT fund actively managed by Dimensional, while XLRI is a Derivative Income fund actively managed by State Street. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. DFAR charges 0.19%/yr vs 0.35%/yr for XLRI.

Performance

DFAR vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Real Estate ETF (DFAR) 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, DFAR achieves a 15.09% return, which is significantly higher than XLRI's 6.71% return.

DFAR

• 1D: 0.73%
• 1M: 0.69%
• YTD: 15.09%
• 6M: 15.60%
• 1Y: 13.30%
• 3Y*: 11.71%
• 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)

DFAR vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
DFAR Dimensional US Real Estate ETF	15.09%	-1.85%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	6.71%	-0.57%

Correlation

The correlation between DFAR and XLRI is 0.94, 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	0.94

Return for Risk

DFAR vs. XLRI — Risk / Return Rank

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

DFAR

DFAR Risk / Return Rank: 30
DFAR Sharpe Ratio Rank: 28
DFAR Sortino Ratio Rank: 26
DFAR Omega Ratio Rank: 26
DFAR Calmar Ratio Rank: 33
DFAR Martin Ratio Rank: 35

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.

DFAR vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Real Estate ETF (DFAR) 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.

	DFAR	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	0.98	—	—
Sortino ratio: Return per unit of downside risk	1.39	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.58	—	—
Martin ratio: Return relative to average drawdown	4.95	—	—

Drawdowns

DFAR vs. XLRI - Drawdown Comparison

The maximum DFAR drawdown since its inception was -32.27%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for DFAR and XLRI.

Drawdown Indicators

	DFAR	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-32.27%	-7.12%	-25.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	—	—
Current Drawdown Current decline from peak	-1.31%	-0.54%	-0.77%
Average Drawdown Average peak-to-trough decline	-14.05%	-1.65%	-12.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	—	—

Volatility

Volatility by Period

	DFAR	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.74%	10.99%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.16%	10.99%	+8.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	10.99%	+8.17%

DFAR vs. XLRI - Expense Ratio Comparison

DFAR has a 0.19% expense ratio, which is lower than XLRI's 0.35% expense ratio.

Dividends

DFAR vs. XLRI - Dividend Comparison

DFAR's dividend yield for the trailing twelve months is around 2.68%, less than XLRI's 12.24% yield.

Position	TTM	2025	2024	2023	2022
DFAR Dimensional US Real Estate ETF	2.68%	2.97%	2.89%	3.06%	1.69%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	12.24%	6.85%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFAR and XLRI in my portfolio?

With a correlation of 0.94, DFAR 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, DFAR or XLRI?

On fees, DFAR is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFAR or XLRI?

DFAR is cheaper with a 0.19% expense ratio, compared with 0.35% for XLRI.

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

XLRI has the higher dividend yield at 12.24%, compared with 2.68% for DFAR.

What is the main difference between DFAR and XLRI?

DFAR is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: Dimensional and State Street. Their fees differ too: 0.19% for DFAR and 0.35% for XLRI.