MVRL vs. XLRI
MVRL (ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - MVRL is a REIT fund tracking the MVIS US Mortgage REITs Index (150%), while XLRI is a Derivative Income fund actively managed by State Street. MVRL is passively managed, while XLRI is actively managed. Over the past year, MVRL returned 7.64% vs 10.04% for XLRI. Their 0.49 correlation means their historical movements had little consistent relationship. MVRL charges 0.95%/yr vs 0.35%/yr for XLRI.
Performance
MVRL vs. XLRI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MVRL achieves a -1.68% return, which is significantly lower than XLRI's 7.92% return.
MVRL
- 1D
- 1.07%
- 1M
- -2.36%
- 6M
- -6.15%
- YTD
- -1.68%
- 1Y
- 7.64%
- 3Y*
- 4.07%
- 5Y*
- -6.76%
- 10Y*
- —
- ALL TIME*
- 5.96%
XLRI
- 1D
- -0.49%
- 1M
- 0.85%
- 6M
- 6.33%
- YTD
- 7.92%
- 1Y
- 10.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $67.59K | $58.58K | $80.08K | |
| $67.65K | $68.45K | $64.14K |
MVRL vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | -1.68% | 5.51% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 7.92% | -0.57% |
Correlation
The correlation between MVRL and XLRI is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.49 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MVRL vs. XLRI — Risk / Return Rank
MVRL
XLRI
MVRL vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) 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.
| MVRL | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.17 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.42 | -1.05 |
| Martin ratioReturn relative to average drawdown | 0.87 | 4.95 | -4.08 |
Loading charts...
Drawdowns
MVRL vs. XLRI - Drawdown Comparison
The maximum MVRL drawdown since its inception was -60.25%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for MVRL and XLRI.
Loading charts...
Drawdown Indicators
| MVRL | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.25% | -7.12% | -53.13% |
Max Drawdown (1Y)Largest decline over 1 year | -20.93% | -7.12% | -13.81% |
Max Drawdown (3Y)Largest decline over 3 years | -29.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -59.63% | — | — |
Current DrawdownCurrent decline from peak | -37.69% | -1.11% | -36.58% |
Average DrawdownAverage peak-to-trough decline | -31.93% | -1.54% | -30.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.77% | 2.03% | +6.74% |
Volatility
MVRL vs. XLRI - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a higher volatility of 10.18% compared to State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) at 3.34%. This indicates that MVRL's price experiences larger fluctuations and is considered to be riskier than XLRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MVRL | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 3.34% | +6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 21.07% | 8.74% | +12.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.69% | 11.02% | +17.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.54% | 11.10% | +25.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.50% | 11.10% | +26.40% |
MVRL vs. XLRI - Expense Ratio Comparison
MVRL has a 0.95% expense ratio, which is higher than XLRI's 0.35% expense ratio.
Dividends
MVRL vs. XLRI - Dividend Comparison
MVRL's dividend yield for the trailing twelve months is around 20.76%, more than XLRI's 14.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 20.76% | 19.15% | 19.27% | 18.69% | 25.21% | 12.33% | 5.63% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 14.37% | 6.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MVRL and XLRI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVRL has higher volatility (10.18%) compared to XLRI (3.34%). In terms of maximum drawdown, MVRL dropped -60.25% vs XLRI's -7.12%.
On 1-year performance, XLRI leads with 10.04% vs 7.64% for MVRL. On fees, XLRI is cheaper at 0.35% per year. On volatility, XLRI has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLRI has performed better with a 10.04% return vs 7.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLRI is cheaper with a 0.35% expense ratio, compared with 0.95% for MVRL.
MVRL has the higher dividend yield at 20.76%, compared with 14.37% for XLRI.
MVRL is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: UBS and State Street. Their fees differ too: 0.95% for MVRL and 0.35% for XLRI.
XLRI currently has the higher Sharpe Ratio (0.92 vs 0.27), 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.
Find the right allocation for MVRL and XLRI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer