MVRL vs. XLRI

Last updated Jun 25, 2026

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. A 0.54 correlation means they provide meaningful diversification when combined. MVRL charges 0.95%/yr vs 0.35%/yr for XLRI.

Performance

MVRL vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) 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, MVRL achieves a -2.34% return, which is significantly lower than XLRI's 6.71% return.

MVRL

• 1D: 0.50%
• 1M: 1.36%
• YTD: -2.34%
• 6M: -3.31%
• 1Y: 11.16%
• 3Y*: 7.65%
• 5Y*: -8.68%
• 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)

MVRL vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	-2.34%	5.51%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	6.71%	-0.57%

Correlation

The correlation between MVRL and XLRI is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.54

Return for Risk

MVRL vs. XLRI — Risk / Return Rank

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

MVRL

MVRL Risk / Return Rank: 15
MVRL Sharpe Ratio Rank: 15
MVRL Sortino Ratio Rank: 15
MVRL Omega Ratio Rank: 15
MVRL Calmar Ratio Rank: 15
MVRL Martin Ratio Rank: 16

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.

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 ratio: Return per unit of total volatility	0.41	—	—
Sortino ratio: Return per unit of downside risk	0.74	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.54	—	—
Martin ratio: Return relative to average drawdown	1.38	—	—

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.

Drawdown Indicators

	MVRL	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-60.25%	-7.12%	-53.13%
Max Drawdown (1Y) Largest decline over 1 year	-20.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.63%	—	—
Current Drawdown Current decline from peak	-38.11%	-0.54%	-37.57%
Average Drawdown Average peak-to-trough decline	-31.85%	-1.65%	-30.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.13%	—	—

Volatility

Volatility by Period

	MVRL	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.42%	10.99%	+16.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.54%	10.99%	+25.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.58%	10.99%	+26.59%

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 20.79%, more than XLRI's 12.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	20.79%	19.15%	19.27%	18.69%	25.21%	12.33%	5.63%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	12.24%	6.85%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MVRL and XLRI in my portfolio?

MVRL and XLRI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVRL 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, MVRL or XLRI?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.95% for MVRL.

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

MVRL has the higher dividend yield at 20.79%, compared with 12.24% for XLRI.

What is the main difference between MVRL and 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.