XLRI vs. IMAR

Last updated Aug 2, 2026

XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) and IMAR (Innovator International Developed Power Buffer ETF - March) are both exchange-traded funds - XLRI is a Derivative Income fund actively managed by State Street, while IMAR is a Options Trading fund actively managed by Innovator. Both are actively managed. Over the past year, XLRI returned 10.59% vs 10.28% for IMAR. Their 0.34 correlation means their historical movements had little consistent relationship. XLRI charges 0.35%/yr vs 0.85%/yr for IMAR.

Performance

XLRI vs. IMAR - 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 Innovator International Developed Power Buffer ETF - March (IMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLRI achieves a 8.45% return, which is significantly higher than IMAR's 3.05% return.

XLRI

• 1D: 0.16%
• 1M: 1.35%
• 6M: 6.08%
• YTD: 8.45%
• 1Y: 10.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.81%

IMAR

• 1D: -0.36%
• 1M: 0.67%
• 6M: 1.84%
• YTD: 3.05%
• 1Y: 10.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.51%

*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)
IMAR Innovator International Developed Power Buffer ETF - March	$556.22K	$433.12K	$4.08M
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	$84.19K	$69.65K	$65.16K

XLRI vs. IMAR - Yearly Performance Comparison

	2026 (YTD)	2025
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	8.45%	-0.57%
IMAR Innovator International Developed Power Buffer ETF - March	3.05%	5.88%

Correlation

The correlation between XLRI and IMAR is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.33
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.34

Return for Risk

XLRI vs. IMAR — Risk / Return Rank

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

XLRI

XLRI Risk / Return Rank: 40
XLRI Sharpe Ratio Rank: 38
XLRI Sortino Ratio Rank: 36
XLRI Omega Ratio Rank: 37
XLRI Calmar Ratio Rank: 42
XLRI Martin Ratio Rank: 46

IMAR

IMAR Risk / Return Rank: 49
IMAR Sharpe Ratio Rank: 49
IMAR Sortino Ratio Rank: 49
IMAR Omega Ratio Rank: 58
IMAR Calmar Ratio Rank: 42
IMAR Martin Ratio Rank: 49

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. IMAR - 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 Innovator International Developed Power Buffer ETF - March (IMAR). 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	IMAR	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.22	-0.26
Sortino ratio: Return per unit of downside risk	1.34	1.77	-0.43
Omega ratio: Gain probability vs. loss probability	1.18	1.25	-0.08
Calmar ratio: Return relative to maximum drawdown	1.48	1.48	-0.01
Martin ratio: Return relative to average drawdown	5.18	5.74	-0.56

XLRI vs. IMAR - Sharpe Ratio Comparison

The current XLRI Sharpe Ratio is 0.96, which is comparable to the IMAR Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of XLRI and IMAR, 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. IMAR - Drawdown Comparison

The maximum XLRI drawdown since its inception was -7.12%, smaller than the maximum IMAR drawdown of -9.05%. Use the drawdown chart below to compare losses from any high point for XLRI and IMAR.

Drawdown Indicators

	XLRI	IMAR	Difference
Max Drawdown Largest peak-to-trough decline	-7.12%	-9.05%	+1.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.12%	-6.91%	-0.21%
Current Drawdown Current decline from peak	-0.62%	-0.36%	-0.26%
Average Drawdown Average peak-to-trough decline	-1.54%	-1.81%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.79%	+0.24%

Volatility

XLRI vs. IMAR - Volatility Comparison

State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) has a higher volatility of 3.42% compared to Innovator International Developed Power Buffer ETF - March (IMAR) at 2.52%. This indicates that XLRI's price experiences larger fluctuations and is considered to be riskier than IMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLRI	IMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	2.52%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	7.72%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	8.47%	+2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.11%	9.33%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.11%	9.33%	+1.78%

XLRI vs. IMAR - Expense Ratio Comparison

XLRI has a 0.35% expense ratio, which is lower than IMAR's 0.85% expense ratio.

Dividends

XLRI vs. IMAR - Dividend Comparison

XLRI's dividend yield for the trailing twelve months is around 13.52%, while IMAR has not paid dividends to shareholders.

Position	TTM	2025
IMAR Innovator International Developed Power Buffer ETF - March	0.00%	0.00%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	13.52%	6.85%

Frequently Asked Questions

Can I hold both XLRI and IMAR in my portfolio?

XLRI and IMAR have a correlation of 0.33, 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 IMAR?

XLRI has higher volatility (3.42%) compared to IMAR (2.52%). In terms of maximum drawdown, XLRI dropped -7.12% vs IMAR's -9.05%.

Which ETF is better, XLRI or IMAR?

On 1-year performance, XLRI leads with 10.59% vs 10.28% for IMAR. On fees, XLRI is cheaper at 0.35% per year. On volatility, IMAR has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLRI or IMAR?

Over the 1-year period, XLRI has performed better with a 10.59% return vs 10.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLRI or IMAR?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.85% for IMAR.

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

XLRI has the higher dividend yield at 13.52%, compared with 0.00% for IMAR.

What is the main difference between XLRI and IMAR?

XLRI is categorized as Derivative Income, while IMAR is Options Trading. They also come from different issuers: State Street and Innovator. Their fees differ too: 0.35% for XLRI and 0.85% for IMAR.

Which has better risk-adjusted returns?

IMAR currently has the higher Sharpe Ratio (1.22 vs 0.96), 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.