XLRI vs. APRW

Last updated Aug 5, 2026

XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) and APRW (AllianzIM U.S. Large Cap Buffer20 Apr ETF) are both exchange-traded funds - XLRI is a Derivative Income fund actively managed by State Street, while APRW is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past year, XLRI returned 9.61% vs 11.50% for APRW. Their 0.23 correlation means their historical movements had little consistent relationship. XLRI charges 0.35%/yr vs 0.74%/yr for APRW.

Performance

XLRI vs. APRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) and AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLRI achieves a 8.24% return, which is significantly higher than APRW's 7.70% return.

XLRI

• 1D: 0.30%
• 1M: 1.15%
• 6M: 6.94%
• YTD: 8.24%
• 1Y: 9.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.52%

APRW

• 1D: 0.29%
• 1M: 1.14%
• 6M: 7.24%
• YTD: 7.70%
• 1Y: 11.50%
• 3Y*: 9.96%
• 5Y*: 7.12%
• 10Y*: —
• ALL TIME*: 7.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	$167.53K	$885.16K	$613.13K
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	$73.67K	$70.90K	$65.83K

XLRI vs. APRW - Yearly Performance Comparison

	2026 (YTD)	2025
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	8.24%	-0.57%
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	7.70%	3.50%

Correlation

The correlation between XLRI and APRW is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.23

Return for Risk

XLRI vs. APRW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XLRI

XLRI Risk / Return Rank: 33
XLRI Sharpe Ratio Rank: 32
XLRI Sortino Ratio Rank: 29
XLRI Omega Ratio Rank: 30
XLRI Calmar Ratio Rank: 35
XLRI Martin Ratio Rank: 40

APRW

APRW Risk / Return Rank: 98
APRW Sharpe Ratio Rank: 98
APRW Sortino Ratio Rank: 98
APRW Omega Ratio Rank: 98
APRW Calmar Ratio Rank: 98
APRW Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XLRI vs. APRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) and AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW). 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.

	XLRI	APRW	Difference
Sharpe ratio: Return per unit of total volatility	0.88	4.17	-3.29
Sortino ratio: Return per unit of downside risk	1.24	7.15	-5.91
Omega ratio: Gain probability vs. loss probability	1.16	2.01	-0.85
Calmar ratio: Return relative to maximum drawdown	1.36	12.93	-11.57
Martin ratio: Return relative to average drawdown	4.74	63.64	-58.90

XLRI vs. APRW - Sharpe Ratio Comparison

The current XLRI Sharpe Ratio is 0.88, which is lower than the APRW Sharpe Ratio of 4.17. The chart below compares the historical Sharpe Ratios of XLRI and APRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XLRI vs. APRW - Drawdown Comparison

The maximum XLRI drawdown since its inception was -7.12%, smaller than the maximum APRW drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for XLRI and APRW.

Drawdown Indicators

	XLRI	APRW	Difference
Max Drawdown Largest peak-to-trough decline	-7.12%	-9.61%	+2.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.12%	-0.89%	-6.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.61%	—
Current Drawdown Current decline from peak	-0.81%	0.00%	-0.81%
Average Drawdown Average peak-to-trough decline	-1.54%	-1.10%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	0.18%	+1.85%

Volatility

XLRI vs. APRW - Volatility Comparison

State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) has a higher volatility of 3.22% compared to AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW) at 1.00%. This indicates that XLRI's price experiences larger fluctuations and is considered to be riskier than APRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLRI	APRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	1.00%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	8.71%	2.32%	+6.39%
Volatility (1Y) Calculated over the trailing 1-year period	11.00%	2.79%	+8.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.08%	6.73%	+4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.08%	6.35%	+4.73%

XLRI vs. APRW - Expense Ratio Comparison

XLRI has a 0.35% expense ratio, which is lower than APRW's 0.74% expense ratio.

Dividends

XLRI vs. APRW - Dividend Comparison

XLRI's dividend yield for the trailing twelve months is around 14.33%, while APRW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.67%
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%

Frequently Asked Questions

Can I hold both XLRI and APRW in my portfolio?

XLRI and APRW have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLRI or APRW?

XLRI has higher volatility (3.22%) compared to APRW (1.00%). In terms of maximum drawdown, XLRI dropped -7.12% vs APRW's -9.61%.

Which ETF is better, XLRI or APRW?

On 1-year performance, APRW leads with 11.50% vs 9.61% for XLRI. On fees, XLRI is cheaper at 0.35% per year. On volatility, APRW has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLRI or APRW?

Over the 1-year period, APRW has performed better with a 11.50% return vs 9.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLRI or APRW?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.74% for APRW.

Which ETF pays a higher dividend yield, XLRI or APRW?

XLRI has the higher dividend yield at 14.33%, compared with 0.00% for APRW.

What is the main difference between XLRI and APRW?

XLRI is categorized as Derivative Income, while APRW is Options Trading. They also come from different issuers: State Street and Allianz. Their fees differ too: 0.35% for XLRI and 0.74% for APRW.

Which has better risk-adjusted returns?

APRW currently has the higher Sharpe Ratio (4.17 vs 0.88), 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.