JULZ vs. XLRI

Last updated Aug 4, 2026

JULZ (Trueshares Structured Outcome (July) ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - JULZ is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index July, while XLRI is a Derivative Income fund actively managed by State Street. JULZ is passively managed, while XLRI is actively managed. Over the past year, JULZ returned 17.33% vs 10.04% for XLRI. Their 0.15 correlation means their historical movements had little consistent relationship. JULZ charges 0.79%/yr vs 0.35%/yr for XLRI.

Performance

JULZ vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trueshares Structured Outcome (July) ETF (JULZ) 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, JULZ achieves a 8.76% return, which is significantly higher than XLRI's 7.92% return.

JULZ

• 1D: 1.00%
• 1M: 1.26%
• 6M: 7.24%
• YTD: 8.76%
• 1Y: 17.33%
• 3Y*: 15.46%
• 5Y*: 10.54%
• 10Y*: —
• ALL TIME*: 13.71%

XLRI

• 1D: -0.49%
• 1M: 0.85%
• 6M: 6.33%
• YTD: 7.92%
• 1Y: 10.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JULZ Trueshares Structured Outcome (July) ETF	$260.22K	$312.98K	$254.49K
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	$67.65K	$68.45K	$64.14K

JULZ vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
JULZ Trueshares Structured Outcome (July) ETF	8.76%	6.17%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	7.92%	-0.57%

Correlation

The correlation between JULZ and XLRI is 0.14, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.14
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.15

Return for Risk

JULZ vs. XLRI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JULZ

JULZ Risk / Return Rank: 60
JULZ Sharpe Ratio Rank: 62
JULZ Sortino Ratio Rank: 62
JULZ Omega Ratio Rank: 60
JULZ Calmar Ratio Rank: 54
JULZ Martin Ratio Rank: 64

XLRI

XLRI Risk / Return Rank: 36
XLRI Sharpe Ratio Rank: 35
XLRI Sortino Ratio Rank: 32
XLRI Omega Ratio Rank: 33
XLRI Calmar Ratio Rank: 38
XLRI Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JULZ vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trueshares Structured Outcome (July) ETF (JULZ) 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.

	JULZ	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	1.57	0.92	+0.66
Sortino ratio: Return per unit of downside risk	2.22	1.29	+0.93
Omega ratio: Gain probability vs. loss probability	1.28	1.17	+0.11
Calmar ratio: Return relative to maximum drawdown	2.04	1.42	+0.63
Martin ratio: Return relative to average drawdown	8.19	4.95	+3.24

JULZ vs. XLRI - Sharpe Ratio Comparison

The current JULZ Sharpe Ratio is 1.57, which is higher than the XLRI Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of JULZ and XLRI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JULZ vs. XLRI - Drawdown Comparison

The maximum JULZ drawdown since its inception was -14.71%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for JULZ and XLRI.

Drawdown Indicators

	JULZ	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-14.71%	-7.12%	-7.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.53%	-7.12%	-1.41%
Max Drawdown (3Y) Largest decline over 3 years	-14.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.71%	—	—
Current Drawdown Current decline from peak	-0.55%	-1.11%	+0.56%
Average Drawdown Average peak-to-trough decline	-2.95%	-1.54%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.03%	+0.09%

Volatility

JULZ vs. XLRI - Volatility Comparison

The current volatility for Trueshares Structured Outcome (July) ETF (JULZ) is 2.89%, while State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) has a volatility of 3.34%. This indicates that JULZ 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.

Volatility by Period

	JULZ	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	3.34%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	8.74%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	11.08%	11.02%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.33%	11.10%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.33%	11.10%	+1.23%

JULZ vs. XLRI - Expense Ratio Comparison

JULZ has a 0.79% expense ratio, which is higher than XLRI's 0.35% expense ratio.

Dividends

JULZ vs. XLRI - Dividend Comparison

JULZ's dividend yield for the trailing twelve months is around 11.00%, less than XLRI's 14.37% yield.

Position	TTM	2025	2024	2023	2022
JULZ Trueshares Structured Outcome (July) ETF	11.00%	11.96%	3.30%	3.59%	0.07%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	14.37%	6.85%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JULZ and XLRI in my portfolio?

JULZ and XLRI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JULZ or XLRI?

XLRI has higher volatility (3.34%) compared to JULZ (2.89%). In terms of maximum drawdown, JULZ dropped -14.71% vs XLRI's -7.12%.

Which ETF is better, JULZ or XLRI?

On 1-year performance, JULZ leads with 17.33% vs 10.04% for XLRI. On fees, XLRI is cheaper at 0.35% per year. On volatility, JULZ has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULZ or XLRI?

Over the 1-year period, JULZ has performed better with a 17.33% return vs 10.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULZ or XLRI?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.79% for JULZ.

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

XLRI has the higher dividend yield at 14.37%, compared with 11.00% for JULZ.

What is the main difference between JULZ and XLRI?

JULZ is categorized as Options Trading, while XLRI is Derivative Income. They also come from different issuers: TrueShares and State Street. Their fees differ too: 0.79% for JULZ and 0.35% for XLRI.

Which has better risk-adjusted returns?

JULZ currently has the higher Sharpe Ratio (1.57 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.