NURE vs. XLRI

Last updated Aug 2, 2026

NURE (Nuveen Short-Term REIT ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - NURE is a REIT fund tracking the Dow Jones U.S. Select Short-Term REIT Index, while XLRI is a Derivative Income fund actively managed by State Street. NURE is passively managed, while XLRI is actively managed. Over the past year, NURE returned 20.18% vs 10.59% for XLRI. Their correlation of 0.81 means they have usually moved in the same direction. Both charge a 0.35% expense ratio.

Performance

NURE vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Short-Term REIT ETF (NURE) 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, NURE achieves a 18.24% return, which is significantly higher than XLRI's 8.45% return.

NURE

• 1D: 0.15%
• 1M: -1.14%
• 6M: 17.18%
• YTD: 18.24%
• 1Y: 20.18%
• 3Y*: 6.66%
• 5Y*: 1.35%
• 10Y*: —
• ALL TIME*: 6.33%

XLRI

• 1D: 0.16%
• 1M: 1.35%
• 6M: 6.08%
• YTD: 8.45%
• 1Y: 10.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.81%

*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)
NURE Nuveen Short-Term REIT ETF	$84.21K	$101.52K	$138.35K
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	$84.19K	$69.65K	$65.16K

NURE vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
NURE Nuveen Short-Term REIT ETF	18.24%	-3.73%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	8.45%	-0.57%

Correlation

The correlation between NURE and XLRI is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.81

The correlation between NURE and XLRI has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

Return for Risk

NURE vs. XLRI — Risk / Return Rank

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

NURE

NURE Risk / Return Rank: 52
NURE Sharpe Ratio Rank: 51
NURE Sortino Ratio Rank: 53
NURE Omega Ratio Rank: 48
NURE Calmar Ratio Rank: 62
NURE Martin Ratio Rank: 47

XLRI

XLRI Risk / Return Rank: 40
XLRI Sharpe Ratio Rank: 38
XLRI Sortino Ratio Rank: 36
XLRI Omega Ratio Rank: 37
XLRI Calmar Ratio Rank: 42
XLRI Martin Ratio Rank: 46

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.

NURE vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) 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.

	NURE	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	1.25	0.96	+0.30
Sortino ratio: Return per unit of downside risk	1.87	1.34	+0.53
Omega ratio: Gain probability vs. loss probability	1.22	1.18	+0.04
Calmar ratio: Return relative to maximum drawdown	2.17	1.48	+0.70
Martin ratio: Return relative to average drawdown	5.37	5.18	+0.19

NURE vs. XLRI - Sharpe Ratio Comparison

The current NURE Sharpe Ratio is 1.25, which is higher than the XLRI Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of NURE 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

NURE vs. XLRI - Drawdown Comparison

The maximum NURE drawdown since its inception was -46.05%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for NURE and XLRI.

Drawdown Indicators

	NURE	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-7.12%	-38.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.13%	-7.12%	-2.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.98%	—	—
Current Drawdown Current decline from peak	-6.78%	-0.62%	-6.16%
Average Drawdown Average peak-to-trough decline	-12.22%	-1.54%	-10.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	2.03%	+1.66%

Volatility

NURE vs. XLRI - Volatility Comparison

Nuveen Short-Term REIT ETF (NURE) has a higher volatility of 5.05% compared to State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) at 3.42%. This indicates that NURE'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.

Volatility by Period

	NURE	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	3.42%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	11.66%	8.72%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	11.09%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.68%	11.11%	+8.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.73%	11.11%	+10.62%

NURE vs. XLRI - Expense Ratio Comparison

Both NURE and XLRI have an expense ratio of 0.35%.

Dividends

NURE vs. XLRI - Dividend Comparison

NURE's dividend yield for the trailing twelve months is around 4.04%, less than XLRI's 13.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NURE Nuveen Short-Term REIT ETF	4.04%	4.56%	3.51%	3.73%	2.80%	1.34%	3.41%	3.28%	4.11%	3.86%	0.48%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	13.52%	6.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NURE and XLRI in my portfolio?

NURE and XLRI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NURE or XLRI?

NURE has higher volatility (5.05%) compared to XLRI (3.42%). In terms of maximum drawdown, NURE dropped -46.05% vs XLRI's -7.12%.

Which ETF is better, NURE or XLRI?

On 1-year performance, NURE leads with 20.18% vs 10.59% for XLRI. Both ETFs have the same 0.35% expense ratio. On volatility, XLRI has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NURE or XLRI?

Over the 1-year period, NURE has performed better with a 20.18% return vs 10.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NURE or XLRI?

NURE and XLRI have the same expense ratio: 0.35% per year.

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

XLRI has the higher dividend yield at 13.52%, compared with 4.04% for NURE.

What is the main difference between NURE and XLRI?

NURE is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: Nuveen and State Street.

Which has better risk-adjusted returns?

NURE currently has the higher Sharpe Ratio (1.25 vs 0.96), 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.