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. Over the past year, SRS returned -18.17% vs 10.04% for XLRI. Their -0.96 correlation means they have often moved in opposite directions in the past. 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 -21.34% return, which is significantly lower than XLRI's 7.92% return.
SRS
- 1D
- -0.52%
- 1M
- -2.10%
- 6M
- -19.18%
- YTD
- -21.34%
- 1Y
- -18.17%
- 3Y*
- -14.70%
- 5Y*
- -5.85%
- 10Y*
- -16.03%
- ALL TIME*
- -28.33%
XLRI
- 1D
- -0.49%
- 1M
- 0.85%
- 6M
- 6.33%
- YTD
- 7.92%
- 1Y
- 10.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $366.45K | $363.36K | $364.08K | |
| $67.65K | $68.45K | $64.14K |
SRS vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SRS ProShares UltraShort Real Estate | -21.34% | 11.36% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 7.92% | -0.57% |
Correlation
The correlation between SRS and XLRI is -0.96, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.96 |
The correlation between SRS and XLRI has been stable across timeframes, ranging from -0.96 to -0.96 - a consistent structural relationship.
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Return for Risk
SRS vs. XLRI — Risk / Return Rank
SRS
XLRI
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 | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.17 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 1.42 | -2.12 |
| Martin ratioReturn relative to average drawdown | -1.46 | 4.95 | -6.41 |
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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 | -25.73% | -7.12% | -18.61% |
Max Drawdown (3Y)Largest decline over 3 years | -54.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -54.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.75% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -1.11% | -98.85% |
Average DrawdownAverage peak-to-trough decline | -91.28% | -1.54% | -89.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.47% | 2.03% | +10.44% |
Volatility
SRS vs. XLRI - Volatility Comparison
ProShares UltraShort Real Estate (SRS) has a higher volatility of 8.59% compared to State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) at 3.34%. This indicates that SRS'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.
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Volatility by Period
| SRS | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 3.34% | +5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | 8.74% | +13.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.32% | 11.02% | +17.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.81% | 11.10% | +26.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.81% | 11.10% | +29.71% |
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 3.67%, less than XLRI's 14.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | 3.67% | 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 | 14.37% | 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 -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRS has higher volatility (8.59%) compared to XLRI (3.34%). In terms of maximum drawdown, SRS dropped -99.96% vs XLRI's -7.12%.
On 1-year performance, XLRI leads with 10.04% vs -18.17% for SRS. 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.
Over the 1-year period, XLRI has performed better with a 10.04% return vs -18.17%. 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 0.95% for SRS.
XLRI has the higher dividend yield at 14.37%, compared with 3.67% 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.
XLRI currently has the higher Sharpe Ratio (0.92 vs -0.65), 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.
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