MSFO vs. XLRI

Last updated Jul 14, 2026

MSFO (YieldMax MSFT Option Income Strategy ETF ) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - MSFO is a Options Trading fund actively managed by YieldMax, while XLRI is a Derivative Income fund actively managed by State Street. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. MSFO charges 0.99%/yr vs 0.35%/yr for XLRI.

Performance

MSFO vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MSFT Option Income Strategy ETF (MSFO) 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, MSFO achieves a -16.34% return, which is significantly lower than XLRI's 7.28% return.

MSFO

• 1D: 1.61%
• 1M: -0.22%
• 6M: -15.04%
• YTD: -16.34%
• 1Y: -17.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLRI

• 1D: 0.45%
• 1M: -0.01%
• 6M: 6.59%
• YTD: 7.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFO vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
MSFO YieldMax MSFT Option Income Strategy ETF	-16.34%	-2.77%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	7.28%	-0.57%

Correlation

The correlation between MSFO and XLRI is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.03

Return for Risk

MSFO vs. XLRI — Risk / Return Rank

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

MSFO

MSFO Risk / Return Rank: 4
MSFO Sharpe Ratio Rank: 3
MSFO Sortino Ratio Rank: 4
MSFO Omega Ratio Rank: 3
MSFO Calmar Ratio Rank: 4
MSFO Martin Ratio Rank: 4

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.

MSFO vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax MSFT Option Income Strategy ETF (MSFO) 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.

	MSFO	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	—	—
Sortino ratio: Return per unit of downside risk	-0.92	—	—
Omega ratio: Gain probability vs. loss probability	0.88	—	—
Calmar ratio: Return relative to maximum drawdown	-0.59	—	—
Martin ratio: Return relative to average drawdown	-1.14	—	—

Drawdowns

MSFO vs. XLRI - Drawdown Comparison

The maximum MSFO drawdown since its inception was -29.65%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for MSFO and XLRI.

Drawdown Indicators

	MSFO	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-29.65%	-7.12%	-22.53%
Max Drawdown (1Y) Largest decline over 1 year	-29.65%	—	—
Current Drawdown Current decline from peak	-23.34%	-0.51%	-22.83%
Average Drawdown Average peak-to-trough decline	-7.17%	-1.61%	-5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.26%	—	—

Volatility

Volatility by Period

	MSFO	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.42%	11.21%	+12.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.22%	11.21%	+9.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.22%	11.21%	+9.01%

MSFO vs. XLRI - Expense Ratio Comparison

MSFO has a 0.99% expense ratio, which is higher than XLRI's 0.35% expense ratio.

Dividends

MSFO vs. XLRI - Dividend Comparison

MSFO's dividend yield for the trailing twelve months is around 42.86%, more than XLRI's 13.67% yield.

Position	TTM	2025	2024	2023
MSFO YieldMax MSFT Option Income Strategy ETF	42.86%	33.91%	35.15%	6.44%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	13.67%	6.85%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFO and XLRI in my portfolio?

MSFO and XLRI have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSFO 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, MSFO or XLRI?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.99% for MSFO.

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

MSFO has the higher dividend yield at 42.86%, compared with 13.67% for XLRI.

What is the main difference between MSFO and XLRI?

MSFO is categorized as Options Trading, while XLRI is Derivative Income. They also come from different issuers: YieldMax and State Street. Their fees differ too: 0.99% for MSFO and 0.35% for XLRI.