SRS vs. XLRI
SRS (ProShares UltraShort Real Estate) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - SRS is a REIT fund tracking the Dow Jones U.S. Real Estate Index (-200%), while XLRI is a Derivative Income fund actively managed by State Street. SRS is passively managed, while XLRI is actively managed. At a correlation of -0.97, they often move in opposite directions. SRS charges 0.95%/yr vs 0.35%/yr for XLRI.
Performance
SRS vs. XLRI - Performance Comparison
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Returns By Period
In the year-to-date period, SRS achieves a -19.00% return, which is significantly lower than XLRI's 6.95% return.
SRS
- 1D
- 0.77%
- 1M
- 2.10%
- 6M
- -16.79%
- YTD
- -19.00%
- 1Y
- -13.31%
- 3Y*
- -11.13%
- 5Y*
- -5.57%
- 10Y*
- -15.86%
XLRI
- 1D
- -0.31%
- 1M
- -0.31%
- 6M
- 5.66%
- YTD
- 6.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRS vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SRS ProShares UltraShort Real Estate | -19.00% | 11.36% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 6.95% | -0.57% |
Correlation
The correlation between SRS and XLRI is -0.97, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.97 |
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Return for Risk
SRS vs. XLRI — Risk / Return Rank
SRS
XLRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SRS vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) 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.
| SRS | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.94 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | — | — |
| Martin ratioReturn relative to average drawdown | -1.19 | — | — |
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Drawdowns
SRS vs. XLRI - Drawdown Comparison
The maximum SRS drawdown since its inception was -99.96%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for SRS and XLRI.
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Drawdown Indicators
| SRS | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -7.12% | -92.84% |
Max Drawdown (1Y)Largest decline over 1 year | -23.22% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -53.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -53.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.30% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -0.82% | -99.14% |
Average DrawdownAverage peak-to-trough decline | -91.26% | -1.61% | -89.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.22% | — | — |
Volatility
SRS vs. XLRI - Volatility Comparison
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Volatility by Period
| SRS | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 22.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.73% | 11.20% | +17.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.81% | 11.20% | +26.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.79% | 11.20% | +29.59% |
SRS vs. XLRI - Expense Ratio Comparison
SRS has a 0.95% expense ratio, which is higher than XLRI's 0.35% expense ratio.
Dividends
SRS vs. XLRI - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 3.56%, less than XLRI's 13.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | 3.56% | 3.61% | 6.06% | 4.49% | 0.30% | 0.00% | 0.19% | 1.80% | 0.47% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 13.71% | 6.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SRS and XLRI have a correlation of -0.97, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XLRI is cheaper with a 0.35% expense ratio, compared with 0.95% for SRS.
XLRI has the higher dividend yield at 13.71%, compared with 3.56% for SRS.
SRS is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.95% for SRS and 0.35% for XLRI.
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