MAYW vs. XLRI

Last updated Aug 5, 2026

MAYW (AllianzIM U.S. Large Cap Buffer20 May ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - MAYW is a Options Trading fund actively managed by Allianz, while XLRI is a Derivative Income fund actively managed by State Street. Both are actively managed. Over the past year, MAYW returned 8.72% vs 9.61% for XLRI. Their 0.20 correlation means their historical movements had little consistent relationship. MAYW charges 0.74%/yr vs 0.35%/yr for XLRI.

Performance

MAYW vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW) 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, MAYW achieves a 5.17% return, which is significantly lower than XLRI's 8.24% return.

MAYW

• 1D: 0.48%
• 1M: 1.44%
• 6M: 4.68%
• YTD: 5.17%
• 1Y: 8.72%
• 3Y*: 10.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.05%

XLRI

• 1D: 0.30%
• 1M: 1.15%
• 6M: 6.94%
• YTD: 8.24%
• 1Y: 9.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.52%

*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)
MAYW AllianzIM U.S. Large Cap Buffer20 May ETF	$1.37M	$1.17M	$2.55M
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	$73.67K	$70.90K	$65.83K

MAYW vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
MAYW AllianzIM U.S. Large Cap Buffer20 May ETF	5.17%	3.39%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	8.24%	-0.57%

Correlation

The correlation between MAYW and XLRI is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.20

Return for Risk

MAYW vs. XLRI — Risk / Return Rank

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

MAYW

MAYW Risk / Return Rank: 93
MAYW Sharpe Ratio Rank: 90
MAYW Sortino Ratio Rank: 92
MAYW Omega Ratio Rank: 94
MAYW Calmar Ratio Rank: 95
MAYW Martin Ratio Rank: 96

XLRI

XLRI Risk / Return Rank: 33
XLRI Sharpe Ratio Rank: 32
XLRI Sortino Ratio Rank: 29
XLRI Omega Ratio Rank: 30
XLRI Calmar Ratio Rank: 35
XLRI Martin Ratio Rank: 40

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.

MAYW vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW) 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.

	MAYW	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	2.44	0.88	+1.57
Sortino ratio: Return per unit of downside risk	3.60	1.24	+2.36
Omega ratio: Gain probability vs. loss probability	1.53	1.16	+0.37
Calmar ratio: Return relative to maximum drawdown	5.60	1.36	+4.25
Martin ratio: Return relative to average drawdown	24.69	4.74	+19.95

MAYW vs. XLRI - Sharpe Ratio Comparison

The current MAYW Sharpe Ratio is 2.44, which is higher than the XLRI Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of MAYW 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

MAYW vs. XLRI - Drawdown Comparison

The maximum MAYW drawdown since its inception was -7.93%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for MAYW and XLRI.

Drawdown Indicators

	MAYW	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-7.12%	-0.81%
Max Drawdown (1Y) Largest decline over 1 year	-1.56%	-7.12%	+5.56%
Max Drawdown (3Y) Largest decline over 3 years	-7.93%	—	—
Current Drawdown Current decline from peak	0.00%	-0.81%	+0.81%
Average Drawdown Average peak-to-trough decline	-0.41%	-1.54%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.35%	2.03%	-1.68%

Volatility

MAYW vs. XLRI - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW) is 1.55%, while State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) has a volatility of 3.22%. This indicates that MAYW 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

	MAYW	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	3.22%	-1.67%
Volatility (6M) Calculated over the trailing 6-month period	3.18%	8.71%	-5.53%
Volatility (1Y) Calculated over the trailing 1-year period	3.61%	11.00%	-7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.50%	11.08%	-4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.50%	11.08%	-4.58%

MAYW vs. XLRI - Expense Ratio Comparison

MAYW has a 0.74% expense ratio, which is higher than XLRI's 0.35% expense ratio.

Dividends

MAYW vs. XLRI - Dividend Comparison

MAYW has not paid dividends to shareholders, while XLRI's dividend yield for the trailing twelve months is around 14.33%.

Position	TTM	2025
MAYW AllianzIM U.S. Large Cap Buffer20 May ETF	0.00%	0.00%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	14.33%	6.85%

Frequently Asked Questions

Can I hold both MAYW and XLRI in my portfolio?

MAYW and XLRI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAYW or XLRI?

XLRI has higher volatility (3.22%) compared to MAYW (1.55%). In terms of maximum drawdown, MAYW dropped -7.93% vs XLRI's -7.12%.

Which ETF is better, MAYW or XLRI?

On 1-year performance, XLRI leads with 9.61% vs 8.72% for MAYW. On fees, XLRI is cheaper at 0.35% per year. On volatility, MAYW has been the lower-risk option at 1.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYW or XLRI?

Over the 1-year period, XLRI has performed better with a 9.61% return vs 8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYW or XLRI?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.74% for MAYW.

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

XLRI has the higher dividend yield at 14.33%, compared with 0.00% for MAYW.

What is the main difference between MAYW and XLRI?

MAYW is categorized as Options Trading, while XLRI is Derivative Income. They also come from different issuers: Allianz and State Street. Their fees differ too: 0.74% for MAYW and 0.35% for XLRI.

Which has better risk-adjusted returns?

MAYW currently has the higher Sharpe Ratio (2.44 vs 0.88), 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.