FSEP vs. XLRI
FSEP (FT Cboe Vest U.S. Equity Buffer ETF - September) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - FSEP is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index September, while XLRI is a Derivative Income fund actively managed by State Street. FSEP is passively managed, while XLRI is actively managed. Over the past year, FSEP returned 15.51% vs 10.04% for XLRI. Their 0.21 correlation means their historical movements had little consistent relationship. FSEP charges 0.85%/yr vs 0.35%/yr for XLRI.
Performance
FSEP vs. XLRI - Performance Comparison
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Returns By Period
In the year-to-date period, FSEP achieves a 8.36% return, which is significantly higher than XLRI's 7.92% return.
FSEP
- 1D
- 0.63%
- 1M
- 1.42%
- 6M
- 7.02%
- YTD
- 8.36%
- 1Y
- 15.51%
- 3Y*
- 13.53%
- 5Y*
- 10.20%
- 10Y*
- —
- ALL TIME*
- 11.55%
XLRI
- 1D
- -0.49%
- 1M
- 0.85%
- 6M
- 6.33%
- YTD
- 7.92%
- 1Y
- 10.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $980.77K | $991.65K | $2.90M | |
| $67.65K | $68.45K | $64.14K |
FSEP vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FSEP FT Cboe Vest U.S. Equity Buffer ETF - September | 8.36% | 5.26% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 7.92% | -0.57% |
Correlation
The correlation between FSEP and XLRI is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.21 |
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Return for Risk
FSEP vs. XLRI — Risk / Return Rank
FSEP
XLRI
FSEP vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - September (FSEP) 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.
| FSEP | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.17 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 1.42 | +1.36 |
| Martin ratioReturn relative to average drawdown | 13.70 | 4.95 | +8.74 |
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Drawdowns
FSEP vs. XLRI - Drawdown Comparison
The maximum FSEP drawdown since its inception was -13.79%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for FSEP and XLRI.
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Drawdown Indicators
| FSEP | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.79% | -7.12% | -6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.62% | -7.12% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -12.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.79% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.11% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -1.54% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 2.03% | -0.90% |
Volatility
FSEP vs. XLRI - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Buffer ETF - September (FSEP) is 1.97%, while State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) has a volatility of 3.34%. This indicates that FSEP experiences smaller price fluctuations and is considered to be less risky than XLRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEP | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 3.34% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 8.74% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.69% | 11.02% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 11.10% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.46% | 11.10% | -0.64% |
FSEP vs. XLRI - Expense Ratio Comparison
FSEP has a 0.85% expense ratio, which is higher than XLRI's 0.35% expense ratio.
Dividends
FSEP vs. XLRI - Dividend Comparison
FSEP has not paid dividends to shareholders, while XLRI's dividend yield for the trailing twelve months is around 14.37%.
| Position | TTM | 2025 |
|---|---|---|
FSEP FT Cboe Vest U.S. Equity Buffer ETF - September | 0.00% | 0.00% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 14.37% | 6.85% |
Frequently Asked Questions
FSEP and XLRI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLRI has higher volatility (3.34%) compared to FSEP (1.97%). In terms of maximum drawdown, FSEP dropped -13.79% vs XLRI's -7.12%.
On 1-year performance, FSEP leads with 15.51% vs 10.04% for XLRI. On fees, XLRI is cheaper at 0.35% per year. On volatility, FSEP has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FSEP has performed better with a 15.51% return vs 10.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLRI is cheaper with a 0.35% expense ratio, compared with 0.85% for FSEP.
XLRI has the higher dividend yield at 14.37%, compared with 0.00% for FSEP.
FSEP is categorized as Options Trading, while XLRI is Derivative Income. They also come from different issuers: FT Vest and State Street. Their fees differ too: 0.85% for FSEP and 0.35% for XLRI.
FSEP currently has the higher Sharpe Ratio (2.03 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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