DVRE vs. XLRI

Last updated Jun 24, 2026

DVRE (WEBs Real Estate XLRE Defined Volatility ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - DVRE is a REIT fund tracking the Syntax Defined Volatility XLRE Index, while XLRI is a Derivative Income fund actively managed by State Street. DVRE is passively managed, while XLRI is actively managed. With a 0.96 correlation, they move nearly in lockstep. DVRE charges 0.89%/yr vs 0.35%/yr for XLRI.

Performance

DVRE vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Real Estate XLRE Defined Volatility ETF (DVRE) 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, DVRE achieves a 12.65% return, which is significantly higher than XLRI's 6.71% return.

DVRE

• 1D: 2.02%
• 1M: 0.37%
• YTD: 12.65%
• 6M: 13.59%
• 1Y: —
• 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)

DVRE vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
DVRE WEBs Real Estate XLRE Defined Volatility ETF	12.65%	-11.00%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	6.71%	-0.57%

Correlation

The correlation between DVRE and XLRI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.96

Return for Risk

DVRE vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Real Estate XLRE Defined Volatility ETF (DVRE) 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.

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

Drawdowns

DVRE vs. XLRI - Drawdown Comparison

The maximum DVRE drawdown since its inception was -15.88%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for DVRE and XLRI.

Drawdown Indicators

	DVRE	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-15.88%	-7.12%	-8.76%
Current Drawdown Current decline from peak	-1.66%	-0.54%	-1.12%
Average Drawdown Average peak-to-trough decline	-6.21%	-1.65%	-4.56%

Volatility

Volatility by Period

	DVRE	XLRI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.35%	10.99%	+14.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.35%	10.99%	+14.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.35%	10.99%	+14.36%

DVRE vs. XLRI - Expense Ratio Comparison

DVRE has a 0.89% expense ratio, which is higher than XLRI's 0.35% expense ratio.

Dividends

DVRE vs. XLRI - Dividend Comparison

DVRE's dividend yield for the trailing twelve months is around 0.88%, less than XLRI's 12.24% yield.

Position	TTM	2025
DVRE WEBs Real Estate XLRE Defined Volatility ETF	0.88%	0.99%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	12.24%	6.85%

Frequently Asked Questions

Can I hold both DVRE and XLRI in my portfolio?

With a correlation of 0.96, DVRE 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, DVRE 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, DVRE or XLRI?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.89% for DVRE.

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

XLRI has the higher dividend yield at 12.24%, compared with 0.88% for DVRE.

What is the main difference between DVRE and XLRI?

DVRE is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: WEBs and State Street. Their fees differ too: 0.89% for DVRE and 0.35% for XLRI.