XLRE vs. XLRI
XLRE (Real Estate Select Sector SPDR Fund) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - XLRE is a REIT fund tracking the Real Estate Select Sector Index, while XLRI is a Derivative Income fund actively managed by State Street. XLRE is passively managed, while XLRI is actively managed. With a 0.97 correlation, they move nearly in lockstep. XLRE charges 0.13%/yr vs 0.35%/yr for XLRI.
Performance
XLRE vs. XLRI - Performance Comparison
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Returns By Period
In the year-to-date period, XLRE achieves a 12.35% return, which is significantly higher than XLRI's 6.71% return.
XLRE
- 1D
- 1.41%
- 1M
- 1.06%
- YTD
- 12.35%
- 6M
- 12.83%
- 1Y
- 9.79%
- 3Y*
- 11.31%
- 5Y*
- 3.53%
- 10Y*
- 6.92%
XLRI
- 1D
- 1.31%
- 1M
- 1.23%
- YTD
- 6.71%
- 6M
- 7.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLRE vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLRE Real Estate Select Sector SPDR Fund | 12.35% | -3.85% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 6.71% | -0.57% |
Correlation
The correlation between XLRE and XLRI is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.97 |
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Return for Risk
XLRE vs. XLRI — Risk / Return Rank
XLRE
XLRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLRE vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Real Estate Select Sector SPDR Fund (XLRE) 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.
| XLRE | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | — | — |
| Martin ratioReturn relative to average drawdown | 3.23 | — | — |
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Drawdowns
XLRE vs. XLRI - Drawdown Comparison
The maximum XLRE drawdown since its inception was -38.83%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for XLRE and XLRI.
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Drawdown Indicators
| XLRE | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -7.12% | -31.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.54% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -1.65% | -7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | — | — |
Volatility
XLRE vs. XLRI - Volatility Comparison
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Volatility by Period
| XLRE | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.17% | 10.99% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 10.99% | +8.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.45% | 10.99% | +9.46% |
XLRE vs. XLRI - Expense Ratio Comparison
XLRE has a 0.13% expense ratio, which is lower than XLRI's 0.35% expense ratio.
Dividends
XLRE vs. XLRI - Dividend Comparison
XLRE's dividend yield for the trailing twelve months is around 3.15%, less than XLRI's 12.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 12.24% | 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
With a correlation of 0.97, XLRE and XLRI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XLRE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLRE is cheaper with a 0.13% expense ratio, compared with 0.35% for XLRI.
XLRI has the higher dividend yield at 12.24%, compared with 3.15% for XLRE.
XLRE is categorized as REIT, while XLRI is Derivative Income. Their fees differ too: 0.13% for XLRE and 0.35% for XLRI.
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