VNQI vs. XLRI
VNQI (Vanguard Global ex-U.S. Real Estate ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - VNQI is a REIT fund tracking the S&P Global ex-U.S. Property Index, while XLRI is a Derivative Income fund actively managed by State Street. VNQI is passively managed, while XLRI is actively managed. Over the past year, VNQI returned 4.98% vs 9.61% for XLRI. Their 0.47 correlation means their historical movements had little consistent relationship. VNQI charges 0.12%/yr vs 0.35%/yr for XLRI.
Performance
VNQI vs. XLRI - Performance Comparison
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Returns By Period
In the year-to-date period, VNQI achieves a 0.92% return, which is significantly lower than XLRI's 8.24% return.
VNQI
- 1D
- 0.78%
- 1M
- 2.05%
- 6M
- -4.32%
- YTD
- 0.92%
- 1Y
- 4.98%
- 3Y*
- 8.73%
- 5Y*
- -0.87%
- 10Y*
- 2.17%
- ALL TIME*
- 3.47%
XLRI
- 1D
- 0.30%
- 1M
- 1.15%
- 6M
- 6.94%
- YTD
- 8.24%
- 1Y
- 9.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.25M | $9.91M | $13.07M | |
| $73.67K | $70.90K | $65.83K |
VNQI vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | 0.92% | 4.50% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 8.24% | -0.57% |
Correlation
The correlation between VNQI and XLRI is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.47 |
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Return for Risk
VNQI vs. XLRI — Risk / Return Rank
VNQI
XLRI
VNQI vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate ETF (VNQI) 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.
| VNQI | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.36 | -1.02 |
| Martin ratioReturn relative to average drawdown | 0.77 | 4.74 | -3.97 |
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Drawdowns
VNQI vs. XLRI - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for VNQI and XLRI.
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Drawdown Indicators
| VNQI | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -7.12% | -31.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -7.12% | -7.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | — | — |
Current DrawdownCurrent decline from peak | -8.87% | -0.81% | -8.06% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -1.54% | -9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 2.03% | +4.47% |
Volatility
VNQI vs. XLRI - Volatility Comparison
Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a higher volatility of 3.44% compared to State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) at 3.22%. This indicates that VNQI'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
| VNQI | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.22% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 8.71% | +3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 11.00% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 11.08% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.92% | 11.08% | +4.84% |
VNQI vs. XLRI - Expense Ratio Comparison
VNQI has a 0.12% expense ratio, which is lower than XLRI's 0.35% expense ratio.
Dividends
VNQI vs. XLRI - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 4.66%, less than XLRI's 14.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.66% | 4.70% | 5.16% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 14.33% | 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
VNQI and XLRI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNQI has higher volatility (3.44%) compared to XLRI (3.22%). In terms of maximum drawdown, VNQI dropped -38.35% vs XLRI's -7.12%.
On 1-year performance, XLRI leads with 9.61% vs 4.98% for VNQI. On fees, VNQI is cheaper at 0.12% per year. On volatility, XLRI has been the lower-risk option at 3.22%. 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 9.61% return vs 4.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VNQI is cheaper with a 0.12% expense ratio, compared with 0.35% for XLRI.
XLRI has the higher dividend yield at 14.33%, compared with 4.66% for VNQI.
VNQI is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.12% for VNQI and 0.35% for XLRI.
XLRI currently has the higher Sharpe Ratio (0.88 vs 0.36), 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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