MSTQ vs. XLRI

Last updated Jun 24, 2026

MSTQ (LHA Market State Tactical Q ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - MSTQ is a Options Trading fund actively managed by Little Harbor Advisors, while XLRI is a Derivative Income fund actively managed by State Street. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. MSTQ charges 1.59%/yr vs 0.35%/yr for XLRI.

Performance

MSTQ vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Market State Tactical Q ETF (MSTQ) 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, MSTQ achieves a 12.49% return, which is significantly higher than XLRI's 6.71% return.

MSTQ

• 1D: -2.91%
• 1M: -0.78%
• YTD: 12.49%
• 6M: 10.94%
• 1Y: 26.47%
• 3Y*: 21.44%
• 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)

MSTQ vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
MSTQ LHA Market State Tactical Q ETF	12.49%	5.98%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	6.71%	-0.57%

Correlation

The correlation between MSTQ and XLRI is 0.06, 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	0.06

Return for Risk

MSTQ vs. XLRI — Risk / Return Rank

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

MSTQ

MSTQ Risk / Return Rank: 48
MSTQ Sharpe Ratio Rank: 53
MSTQ Sortino Ratio Rank: 49
MSTQ Omega Ratio Rank: 51
MSTQ Calmar Ratio Rank: 46
MSTQ Martin Ratio Rank: 43

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.

MSTQ vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LHA Market State Tactical Q ETF (MSTQ) 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.

	MSTQ	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	1.68	—	—
Sortino ratio: Return per unit of downside risk	2.24	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.15	—	—
Martin ratio: Return relative to average drawdown	6.57	—	—

Drawdowns

MSTQ vs. XLRI - Drawdown Comparison

The maximum MSTQ drawdown since its inception was -31.05%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for MSTQ and XLRI.

Drawdown Indicators

	MSTQ	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-31.05%	-7.12%	-23.93%
Max Drawdown (1Y) Largest decline over 1 year	-12.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.22%	—	—
Current Drawdown Current decline from peak	-4.38%	-0.54%	-3.84%
Average Drawdown Average peak-to-trough decline	-8.55%	-1.65%	-6.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	—	—

Volatility

Volatility by Period

	MSTQ	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.87%	10.99%	+4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.06%	10.99%	+8.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	10.99%	+8.07%

MSTQ vs. XLRI - Expense Ratio Comparison

MSTQ has a 1.59% expense ratio, which is higher than XLRI's 0.35% expense ratio.

Dividends

MSTQ vs. XLRI - Dividend Comparison

MSTQ's dividend yield for the trailing twelve months is around 12.42%, more than XLRI's 12.24% yield.

Position	TTM	2025	2024	2023
MSTQ LHA Market State Tactical Q ETF	12.42%	13.97%	3.72%	0.77%
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 MSTQ and XLRI in my portfolio?

MSTQ and XLRI have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTQ 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, MSTQ or XLRI?

XLRI is cheaper with a 0.35% expense ratio, compared with 1.59% for MSTQ.

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

MSTQ has the higher dividend yield at 12.42%, compared with 12.24% for XLRI.

What is the main difference between MSTQ and XLRI?

MSTQ is categorized as Options Trading, while XLRI is Derivative Income. They also come from different issuers: Little Harbor Advisors and State Street. Their fees differ too: 1.59% for MSTQ and 0.35% for XLRI.