LOCT vs. XLRI

Last updated Jun 24, 2026

LOCT (Innovator Premium Income 15 Buffer ETF - October) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - LOCT is a Options Trading fund actively managed by Innovator, while XLRI is a Derivative Income fund actively managed by State Street. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. LOCT charges 0.79%/yr vs 0.35%/yr for XLRI.

Performance

LOCT vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 15 Buffer ETF - October (LOCT) 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, LOCT achieves a 2.48% return, which is significantly lower than XLRI's 6.71% return.

LOCT

• 1D: -0.06%
• 1M: 0.33%
• YTD: 2.48%
• 6M: 2.45%
• 1Y: 5.64%
• 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)

LOCT vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
LOCT Innovator Premium Income 15 Buffer ETF - October	2.48%	2.34%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	6.71%	-0.57%

Correlation

The correlation between LOCT and XLRI is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.23

Return for Risk

LOCT vs. XLRI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LOCT

LOCT Risk / Return Rank: 91
LOCT Sharpe Ratio Rank: 88
LOCT Sortino Ratio Rank: 92
LOCT Omega Ratio Rank: 95
LOCT Calmar Ratio Rank: 87
LOCT Martin Ratio Rank: 94

XLRI

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LOCT vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - October (LOCT) 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.

	LOCT	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	2.63	—	—
Sortino ratio: Return per unit of downside risk	4.04	—	—
Omega ratio: Gain probability vs. loss probability	1.65	—	—
Calmar ratio: Return relative to maximum drawdown	4.62	—	—
Martin ratio: Return relative to average drawdown	24.63	—	—

Drawdowns

LOCT vs. XLRI - Drawdown Comparison

The maximum LOCT drawdown since its inception was -4.69%, smaller than the maximum XLRI drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for LOCT and XLRI.

Drawdown Indicators

	LOCT	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-4.69%	-7.12%	+2.43%
Max Drawdown (1Y) Largest decline over 1 year	-1.23%	—	—
Current Drawdown Current decline from peak	-0.06%	-0.54%	+0.48%
Average Drawdown Average peak-to-trough decline	-0.14%	-1.65%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	—	—

Volatility

Volatility by Period

	LOCT	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.16%	10.99%	-8.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.56%	10.99%	-7.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.56%	10.99%	-7.43%

LOCT vs. XLRI - Expense Ratio Comparison

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

Dividends

LOCT vs. XLRI - Dividend Comparison

LOCT's dividend yield for the trailing twelve months is around 5.13%, less than XLRI's 12.24% yield.

Position	TTM	2025	2024	2023
LOCT Innovator Premium Income 15 Buffer ETF - October	5.13%	5.12%	6.27%	1.64%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	12.24%	6.85%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LOCT and XLRI in my portfolio?

LOCT and XLRI have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LOCT 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, LOCT or XLRI?

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

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

XLRI has the higher dividend yield at 12.24%, compared with 5.13% for LOCT.

What is the main difference between LOCT and XLRI?

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