HIGH vs. XLRE
HIGH (Simplify Enhanced Income ETF) and XLRE (Real Estate Select Sector SPDR Fund) are both exchange-traded funds - HIGH is a Derivative Income fund actively managed by Simplify, while XLRE is a REIT fund tracking the Real Estate Select Sector Index. HIGH is actively managed, while XLRE is passively managed. Over the past 3 years, HIGH returned 2.92%/yr vs 10.41%/yr for XLRE. At a 0.15 correlation, their price movements are largely independent. HIGH charges 0.51%/yr vs 0.13%/yr for XLRE.
Performance
HIGH vs. XLRE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIGH achieves a -0.45% return, which is significantly lower than XLRE's 13.17% return.
HIGH
- 1D
- 0.16%
- 1M
- 0.39%
- YTD
- -0.45%
- 6M
- -0.49%
- 1Y
- -2.23%
- 3Y*
- 2.92%
- 5Y*
- —
- 10Y*
- —
XLRE
- 1D
- 0.98%
- 1M
- 4.93%
- YTD
- 13.17%
- 6M
- 13.29%
- 1Y
- 12.05%
- 3Y*
- 10.41%
- 5Y*
- 3.32%
- 10Y*
- 7.15%
HIGH vs. XLRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | -0.45% | 4.35% | 1.52% | 7.70% | 0.47% |
XLRE Real Estate Select Sector SPDR Fund | 13.17% | 2.63% | 5.09% | 12.36% | 3.83% |
Correlation
The correlation between HIGH and XLRE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HIGH vs. XLRE — Risk / Return Rank
HIGH
XLRE
HIGH vs. XLRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) and Real Estate Select Sector SPDR Fund (XLRE). 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.
| HIGH | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.15 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.34 | -1.65 |
| Martin ratioReturn relative to average drawdown | -0.44 | 3.69 | -4.13 |
Loading charts...
Drawdowns
HIGH vs. XLRE - Drawdown Comparison
The maximum HIGH drawdown since its inception was -9.50%, smaller than the maximum XLRE drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for HIGH and XLRE.
Loading charts...
Drawdown Indicators
| HIGH | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -38.83% | +29.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -8.33% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -9.50% | -16.74% | +7.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.83% | — |
Current DrawdownCurrent decline from peak | -7.18% | 0.00% | -7.18% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -9.58% | +7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 3.03% | +3.61% |
Volatility
HIGH vs. XLRE - Volatility Comparison
The current volatility for Simplify Enhanced Income ETF (HIGH) is 1.61%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 4.81%. This indicates that HIGH experiences smaller price fluctuations and is considered to be less risky than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HIGH | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 4.81% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 10.20% | -6.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.74% | 13.83% | -5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.54% | 19.10% | -9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.54% | 20.42% | -10.88% |
HIGH vs. XLRE - Expense Ratio Comparison
HIGH has a 0.51% expense ratio, which is higher than XLRE's 0.13% expense ratio.
Dividends
HIGH vs. XLRE - Dividend Comparison
HIGH's dividend yield for the trailing twelve months is around 7.34%, more than XLRE's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | 7.34% | 7.71% | 8.34% | 9.40% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLRE Real Estate Select Sector SPDR Fund | 3.08% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Frequently Asked Questions
HIGH and XLRE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLRE has higher volatility (4.81%) compared to HIGH (1.61%). In terms of maximum drawdown, HIGH dropped -9.50% vs XLRE's -38.83%.
On 3-year performance, XLRE leads with 10.41% vs 2.92% for HIGH. On fees, XLRE is cheaper at 0.13% per year. On volatility, HIGH has been the lower-risk option at 1.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XLRE has performed better with a 10.41% return vs 2.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLRE is cheaper with a 0.13% expense ratio, compared with 0.51% for HIGH.
HIGH has the higher dividend yield at 7.34%, compared with 3.08% for XLRE.
HIGH is categorized as Derivative Income, while XLRE is REIT. They also come from different issuers: Simplify and State Street. Their fees differ too: 0.51% for HIGH and 0.13% for XLRE.
XLRE currently has the higher Sharpe Ratio (0.81 vs -0.34), 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.
Find the right allocation for HIGH and XLRE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer