REZ vs. XLRI
REZ (iShares Residential and Multisector Real Estate ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - REZ is a REIT fund tracking the FTSE NAREIT All Residential Capped Index, while XLRI is a Derivative Income fund actively managed by State Street. REZ is passively managed, while XLRI is actively managed. Over the past year, REZ returned 20.55% vs 10.59% for XLRI. Their correlation of 0.84 means they have usually moved in the same direction. REZ charges 0.48%/yr vs 0.35%/yr for XLRI.
Performance
REZ vs. XLRI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REZ achieves a 16.94% return, which is significantly higher than XLRI's 8.45% return.
REZ
- 1D
- 0.01%
- 1M
- -1.36%
- 6M
- 15.00%
- YTD
- 16.94%
- 1Y
- 20.55%
- 3Y*
- 12.14%
- 5Y*
- 3.89%
- 10Y*
- 6.74%
- ALL TIME*
- 7.32%
XLRI
- 1D
- 0.16%
- 1M
- 1.35%
- 6M
- 6.08%
- YTD
- 8.45%
- 1Y
- 10.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.79M | $3.86M | $3.20M | |
| $84.19K | $69.65K | $65.16K |
REZ vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
REZ iShares Residential and Multisector Real Estate ETF | 16.94% | -0.40% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 8.45% | -0.57% |
Correlation
The correlation between REZ and XLRI is 0.84, 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. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.84 |
The correlation between REZ and XLRI has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.
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
REZ vs. XLRI — Risk / Return Rank
REZ
XLRI
REZ vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential and Multisector Real Estate ETF (REZ) 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.
| REZ | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.48 | +0.95 |
| Martin ratioReturn relative to average drawdown | 7.59 | 5.18 | +2.41 |
Loading charts...
Drawdowns
REZ vs. XLRI - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for REZ and XLRI.
Loading charts...
Drawdown Indicators
| REZ | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -7.12% | -59.75% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -7.12% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | — | — |
Current DrawdownCurrent decline from peak | -3.23% | -0.62% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -1.54% | -11.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.03% | +0.77% |
Volatility
REZ vs. XLRI - Volatility Comparison
iShares Residential and Multisector Real Estate ETF (REZ) has a higher volatility of 5.95% compared to State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) at 3.42%. This indicates that REZ'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
| REZ | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 3.42% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 8.72% | +3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 11.09% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 11.11% | +7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.62% | 11.11% | +10.51% |
REZ vs. XLRI - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is higher than XLRI's 0.35% expense ratio.
Dividends
REZ vs. XLRI - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 1.96%, less than XLRI's 13.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential and Multisector Real Estate ETF | 1.96% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
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% | 0.00% |
Frequently Asked Questions
REZ and XLRI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REZ has higher volatility (5.95%) compared to XLRI (3.42%). In terms of maximum drawdown, REZ dropped -66.87% vs XLRI's -7.12%.
On 1-year performance, REZ leads with 20.55% vs 10.59% for XLRI. On fees, XLRI is cheaper at 0.35% per year. 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.
Over the 1-year period, REZ has performed better with a 20.55% return vs 10.59%. 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 0.48% for REZ.
XLRI has the higher dividend yield at 13.52%, compared with 1.96% for REZ.
REZ is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: iShares and State Street. Their fees differ too: 0.48% for REZ and 0.35% for XLRI.
REZ currently has the higher Sharpe Ratio (1.38 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.
Find the right allocation for REZ 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