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XLRE vs. VRAI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLRE vs. VRAI

Last updated Jun 5, 2026

XLRE (Real Estate Select Sector SPDR Fund) and VRAI (Virtus Real Asset Income ETF) are both REIT funds - XLRE tracks the Real Estate Select Sector Index while VRAI tracks the Indxx Real Asset Income Index. Both are passively managed. Over the past 5 years, XLRE returned 3.28%/yr vs 5.64%/yr for VRAI. A 0.66 correlation means they provide meaningful diversification when combined. XLRE charges 0.13%/yr vs 0.55%/yr for VRAI.

Performance

XLRE vs. VRAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Real Estate Select Sector SPDR Fund (XLRE) and Virtus Real Asset Income ETF (VRAI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XLRE achieves a 10.78% return, which is significantly lower than VRAI's 22.49% return.

XLRE

1D
2.05%
1M
0.52%
YTD
10.78%
6M
10.21%
1Y
9.99%
3Y*
10.34%
5Y*
3.28%
10Y*
6.89%

VRAI

1D
1.14%
1M
0.11%
YTD
22.49%
6M
19.28%
1Y
29.47%
3Y*
12.52%
5Y*
5.64%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLRE vs. VRAI - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XLRE
Real Estate Select Sector SPDR Fund		10.78%2.63%5.09%12.36%-26.25%46.10%-2.18%15.39%
VRAI
Virtus Real Asset Income ETF		22.49%6.67%2.66%6.12%-9.96%24.35%-5.94%5.61%

Correlation

The correlation between XLRE and VRAI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2019

0.66

The correlation between XLRE and VRAI shifts across timeframes, from 0.56 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

XLRE vs. VRAI - Sectors Allocation Comparison

Sectors
XLRE
VRAI

Real Estate

98.1%
33.6%

Basic Materials

1.8%
7.7%

Communication Services

-

2.7%

Consumer Cyclical

-

-

Consumer Defensive

-

1.9%

Energy

-

32.4%

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

1.3%

Utilities

-

18.0%

Real Estate

XLRE
98.1%
VRAI
33.6%

Basic Materials

XLRE
1.8%
VRAI
7.7%

Communication Services

XLRE

-

VRAI
2.7%

Consumer Cyclical

XLRE

-

VRAI

-

Consumer Defensive

XLRE

-

VRAI
1.9%

Energy

XLRE

-

VRAI
32.4%

Financial Services

XLRE

-

VRAI

-

Healthcare

XLRE

-

VRAI

-

Industrials

XLRE

-

VRAI

-

Technology

XLRE

-

VRAI
1.3%

Utilities

XLRE

-

VRAI
18.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Real Estate Select Sector SPDR Fund

Virtus Real Asset Income ETF

Often compared with XLRE:
XLRE vs. VNQXLRE vs. SCHHXLRE vs. SPYXLRE vs. USRTXLRE vs. IYRXLRE vs. REETXLRE vs. FREL
Often compared with VRAI:
VRAI vs. VNQVRAI vs. BRIIXVRAI vs. STLGVRAI vs. REITVRAI vs. USRTVRAI vs. AMLPVRAI vs. VNQI

Return for Risk

XLRE vs. VRAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLRE
XLRE Risk / Return Rank: 2323
Overall Rank
XLRE Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
XLRE Sortino Ratio Rank: 2121
Sortino Ratio Rank
XLRE Omega Ratio Rank: 2222
Omega Ratio Rank
XLRE Calmar Ratio Rank: 2626
Calmar Ratio Rank
XLRE Martin Ratio Rank: 2525
Martin Ratio Rank
VRAI
VRAI Risk / Return Rank: 8383
Overall Rank
VRAI Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
VRAI Sortino Ratio Rank: 8181
Sortino Ratio Rank
VRAI Omega Ratio Rank: 7575
Omega Ratio Rank
VRAI Calmar Ratio Rank: 9292
Calmar Ratio Rank
VRAI Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLRE vs. VRAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Real Estate Select Sector SPDR Fund (XLRE) and Virtus Real Asset Income ETF (VRAI). 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.

XLREVRAIDifference
Sharpe ratioReturn per unit of total volatility
0.74
2.50

-1.76

Sortino ratioReturn per unit of downside risk
1.08
3.54

-2.46

Omega ratioGain probability vs. loss probability

1.14

1.44

-0.30

Calmar ratioReturn relative to maximum drawdown

1.20

6.14

-4.94

Martin ratioReturn relative to average drawdown

3.31

19.39

-16.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLRE vs. VRAI - Sharpe Ratio Comparison

The current XLRE Sharpe Ratio is 0.74, which is lower than the VRAI Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of XLRE and VRAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XLREVRAIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.74

2.50

-1.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.17

0.34

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.34

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.29

+0.06

Drawdowns

XLRE vs. VRAI - Drawdown Comparison

The maximum XLRE drawdown since its inception was -38.83%, smaller than the maximum VRAI drawdown of -47.51%. Use the drawdown chart below to compare losses from any high point for XLRE and VRAI.

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Drawdown Indicators

XLREVRAIDifference

Max Drawdown

Largest peak-to-trough decline

-38.83%

-47.51%

+8.68%

Max Drawdown (1Y)

Largest decline over 1 year

-8.33%

-4.82%

-3.51%

Max Drawdown (3Y)

Largest decline over 3 years

-16.74%

-16.89%

+0.15%

Max Drawdown (5Y)

Largest decline over 5 years

-34.12%

-26.71%

-7.41%

Max Drawdown (10Y)

Largest decline over 10 years

-38.83%

—

—

Current Drawdown

Current decline from peak

-0.99%

0.00%

-0.99%

Average Drawdown

Average peak-to-trough decline

-9.60%

-10.09%

+0.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

1.52%

+1.51%

Volatility

XLRE vs. VRAI - Volatility Comparison

Real Estate Select Sector SPDR Fund (XLRE) has a higher volatility of 4.25% compared to Virtus Real Asset Income ETF (VRAI) at 3.63%. This indicates that XLRE's price experiences larger fluctuations and is considered to be riskier than VRAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XLREVRAIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

3.63%

+0.62%

Volatility (6M)

Calculated over the trailing 6-month period

9.86%

8.47%

+1.39%

Volatility (1Y)

Calculated over the trailing 1-year period

13.58%

11.88%

+1.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.08%

16.65%

+2.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.40%

22.13%

-1.73%

XLRE vs. VRAI - Expense Ratio Comparison

XLRE has a 0.13% expense ratio, which is lower than VRAI's 0.55% expense ratio.

Dividends

XLRE vs. VRAI - Dividend Comparison

XLRE's dividend yield for the trailing twelve months is around 3.15%, less than VRAI's 3.19% yield.

PositionTTM20252024202320222021202020192018201720162015
VRAI
Virtus Real Asset Income ETF		3.19%4.68%7.13%5.02%4.48%3.34%3.91%2.80%0.00%0.00%0.00%0.00%
XLRE
Real Estate Select Sector SPDR Fund		3.15%3.45%3.43%3.31%3.70%2.61%3.15%3.06%3.78%3.25%4.22%1.09%

Frequently Asked Questions

XLRE and VRAI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XLRE has higher volatility (4.25%) compared to VRAI (3.63%). In terms of maximum drawdown, XLRE dropped -38.83% vs VRAI's -47.51%.

On 5-year performance, VRAI leads with 5.64% vs 3.28% for XLRE. On fees, XLRE is cheaper at 0.13% per year. On volatility, VRAI has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, VRAI has performed better with a 5.64% return vs 3.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XLRE is cheaper with a 0.13% expense ratio, compared with 0.55% for VRAI.

VRAI has the higher dividend yield at 3.19%, compared with 3.15% for XLRE.

XLRE tracks Real Estate Select Sector Index, while VRAI tracks Indxx Real Asset Income Index. They also come from different issuers: State Street and Virtus Investment Partners. Their fees differ too: 0.13% for XLRE and 0.55% for VRAI.

VRAI currently has the higher Sharpe Ratio (2.50 vs 0.74), 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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