REIT vs. XLRI

Last updated Aug 4, 2026

REIT (ALPS Active REIT ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - REIT is a REIT fund actively managed by ALPS, while XLRI is a Derivative Income fund actively managed by State Street. Both are actively managed. Over the past year, REIT returned 23.92% vs 10.04% for XLRI. Their correlation of 0.90 means they have usually moved in the same direction. REIT charges 0.68%/yr vs 0.35%/yr for XLRI.

Performance

REIT vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Active REIT ETF (REIT) 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, REIT achieves a 20.12% return, which is significantly higher than XLRI's 7.92% return.

REIT

• 1D: -0.09%
• 1M: 1.02%
• 6M: 18.13%
• YTD: 20.12%
• 1Y: 23.92%
• 3Y*: 11.60%
• 5Y*: 4.86%
• 10Y*: —
• ALL TIME*: 8.08%

XLRI

• 1D: -0.49%
• 1M: 0.85%
• 6M: 6.33%
• YTD: 7.92%
• 1Y: 10.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.22%

*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)
REIT ALPS Active REIT ETF	$500.56K	$377.29K	$328.09K
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	$67.65K	$68.45K	$64.14K

REIT vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
REIT ALPS Active REIT ETF	20.12%	-0.39%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	7.92%	-0.57%

Correlation

The correlation between REIT and XLRI is 0.90, 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.	0.90
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.90

The correlation between REIT and XLRI has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

REIT vs. XLRI — Risk / Return Rank

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

REIT

REIT Risk / Return Rank: 77
REIT Sharpe Ratio Rank: 77
REIT Sortino Ratio Rank: 74
REIT Omega Ratio Rank: 74
REIT Calmar Ratio Rank: 84
REIT Martin Ratio Rank: 78

XLRI

XLRI Risk / Return Rank: 36
XLRI Sharpe Ratio Rank: 35
XLRI Sortino Ratio Rank: 32
XLRI Omega Ratio Rank: 33
XLRI Calmar Ratio Rank: 38
XLRI Martin Ratio Rank: 42

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.

REIT vs. XLRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Active REIT ETF (REIT) 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.

	REIT	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	1.80	0.92	+0.89
Sortino ratio: Return per unit of downside risk	2.45	1.29	+1.17
Omega ratio: Gain probability vs. loss probability	1.32	1.17	+0.15
Calmar ratio: Return relative to maximum drawdown	3.27	1.42	+1.85
Martin ratio: Return relative to average drawdown	10.22	4.95	+5.27

REIT vs. XLRI - Sharpe Ratio Comparison

The current REIT Sharpe Ratio is 1.80, which is higher than the XLRI Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of REIT 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

REIT vs. XLRI - Drawdown Comparison

The maximum REIT drawdown since its inception was -29.30%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for REIT and XLRI.

Drawdown Indicators

	REIT	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-29.30%	-7.12%	-22.18%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-7.12%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-18.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.30%	—	—
Current Drawdown Current decline from peak	-2.40%	-1.11%	-1.29%
Average Drawdown Average peak-to-trough decline	-10.09%	-1.54%	-8.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	2.03%	+0.32%

Volatility

REIT vs. XLRI - Volatility Comparison

ALPS Active REIT ETF (REIT) has a higher volatility of 4.46% compared to State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) at 3.34%. This indicates that REIT'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

	REIT	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	3.34%	+1.12%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	8.74%	+1.71%
Volatility (1Y) Calculated over the trailing 1-year period	13.34%	11.02%	+2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	11.10%	+7.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	11.10%	+7.22%

REIT vs. XLRI - Expense Ratio Comparison

REIT has a 0.68% expense ratio, which is higher than XLRI's 0.35% expense ratio.

Dividends

REIT vs. XLRI - Dividend Comparison

REIT's dividend yield for the trailing twelve months is around 2.65%, less than XLRI's 14.37% yield.

Position	TTM	2025	2024	2023	2022	2021
REIT ALPS Active REIT ETF	2.65%	3.20%	3.06%	3.13%	2.81%	4.71%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	14.37%	6.85%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both REIT and XLRI in my portfolio?

With a correlation of 0.90, REIT and XLRI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, REIT or XLRI?

REIT has higher volatility (4.46%) compared to XLRI (3.34%). In terms of maximum drawdown, REIT dropped -29.30% vs XLRI's -7.12%.

Which ETF is better, REIT or XLRI?

On 1-year performance, REIT leads with 23.92% vs 10.04% for XLRI. 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.

Which ETF has performed better, REIT or XLRI?

Over the 1-year period, REIT has performed better with a 23.92% return vs 10.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, REIT or XLRI?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.68% for REIT.

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

XLRI has the higher dividend yield at 14.37%, compared with 2.65% for REIT.

What is the main difference between REIT and XLRI?

REIT is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: ALPS and State Street. Their fees differ too: 0.68% for REIT and 0.35% for XLRI.

Which has better risk-adjusted returns?

REIT currently has the higher Sharpe Ratio (1.80 vs 0.92), 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.