IYR vs. XLRI
IYR (iShares U.S. Real Estate ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - IYR is a REIT fund tracking the Dow Jones U.S. Real Estate Capped Index, while XLRI is a Derivative Income fund actively managed by State Street. IYR is passively managed, while XLRI is actively managed. With a 0.96 correlation, they move nearly in lockstep. IYR charges 0.38%/yr vs 0.35%/yr for XLRI.
Performance
IYR vs. XLRI - Performance Comparison
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Returns By Period
In the year-to-date period, IYR achieves a 9.06% return, which is significantly higher than XLRI's 4.25% return.
IYR
- 1D
- 1.15%
- 1M
- -0.59%
- YTD
- 9.06%
- 6M
- 9.39%
- 1Y
- 9.98%
- 3Y*
- 10.10%
- 5Y*
- 2.37%
- 10Y*
- 5.61%
XLRI
- 1D
- -0.23%
- 1M
- -1.10%
- YTD
- 4.25%
- 6M
- 5.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYR vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYR iShares U.S. Real Estate ETF | 9.06% | -2.43% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 4.25% | -0.57% |
Correlation
The correlation between IYR 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 |
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Return for Risk
IYR vs. XLRI — Risk / Return Rank
IYR
XLRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYR vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) 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.
| IYR | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | — | — |
| Martin ratioReturn relative to average drawdown | 3.64 | — | — |
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Drawdowns
IYR vs. XLRI - Drawdown Comparison
The maximum IYR drawdown since its inception was -74.13%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for IYR and XLRI.
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Drawdown Indicators
| IYR | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.13% | -7.12% | -67.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.32% | — | — |
Current DrawdownCurrent decline from peak | -2.17% | -2.84% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -1.65% | -11.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | — | — |
Volatility
IYR vs. XLRI - Volatility Comparison
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Volatility by Period
| IYR | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 10.90% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 10.90% | +7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 10.90% | +9.47% |
IYR vs. XLRI - Expense Ratio Comparison
IYR has a 0.38% expense ratio, which is higher than XLRI's 0.35% expense ratio.
Dividends
IYR vs. XLRI - Dividend Comparison
IYR's dividend yield for the trailing twelve months is around 2.23%, less than XLRI's 12.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 2.23% | 2.48% | 2.57% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 12.52% | 6.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, IYR 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.
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.
XLRI is cheaper with a 0.35% expense ratio, compared with 0.38% for IYR.
XLRI has the higher dividend yield at 12.52%, compared with 2.23% for IYR.
IYR is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: iShares and State Street. Their fees differ too: 0.38% for IYR and 0.35% for XLRI.
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