XLRI vs. IYR
XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) and IYR (iShares U.S. Real Estate ETF) are both exchange-traded funds - XLRI is a Derivative Income fund actively managed by State Street, while IYR is a REIT fund tracking the Dow Jones U.S. Real Estate Capped Index. XLRI is actively managed, while IYR is passively managed. Over the past year, XLRI returned 10.59% vs 13.51% for IYR. Their 0.96 correlation means they have historically moved very closely together. XLRI charges 0.35%/yr vs 0.38%/yr for IYR.
Performance
XLRI vs. IYR - Performance Comparison
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Returns By Period
In the year-to-date period, XLRI achieves a 8.45% return, which is significantly lower than IYR's 12.79% return.
XLRI
- 1D
- 0.16%
- 1M
- 1.35%
- 6M
- 6.08%
- YTD
- 8.45%
- 1Y
- 10.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.81%
IYR
- 1D
- -0.55%
- 1M
- 1.04%
- 6M
- 10.07%
- YTD
- 12.79%
- 1Y
- 13.51%
- 3Y*
- 8.91%
- 5Y*
- 2.27%
- 10Y*
- 5.25%
- ALL TIME*
- 8.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $552.74M | $542.01M | $578.13M | |
| $84.19K | $69.65K | $65.16K |
XLRI vs. IYR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 8.45% | -0.57% |
IYR iShares U.S. Real Estate ETF | 12.79% | -2.43% |
Correlation
The correlation between XLRI and IYR is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.96 |
The correlation between XLRI and IYR has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
XLRI vs. IYR — Risk / Return Rank
XLRI
IYR
XLRI vs. IYR - 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 iShares U.S. Real Estate ETF (IYR). 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 | IYR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.57 | -0.09 |
| Martin ratioReturn relative to average drawdown | 5.18 | 5.04 | +0.13 |
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Drawdowns
XLRI vs. IYR - Drawdown Comparison
The maximum XLRI drawdown since its inception was -7.12%, smaller than the maximum IYR drawdown of -74.13%. Use the drawdown chart below to compare losses from any high point for XLRI and IYR.
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Drawdown Indicators
| XLRI | IYR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.12% | -74.13% | +67.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -8.54% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.32% | — |
Current DrawdownCurrent decline from peak | -0.62% | -2.02% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -12.83% | +11.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.65% | -0.62% |
Volatility
XLRI vs. IYR - Volatility Comparison
The current volatility for State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) is 3.42%, while iShares U.S. Real Estate ETF (IYR) has a volatility of 4.56%. This indicates that XLRI experiences smaller price fluctuations and is considered to be less risky than IYR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLRI | IYR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 4.56% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 10.87% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 14.01% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.11% | 18.82% | -7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.11% | 20.38% | -9.27% |
XLRI vs. IYR - Expense Ratio Comparison
XLRI has a 0.35% expense ratio, which is lower than IYR's 0.38% expense ratio.
Dividends
XLRI vs. IYR - Dividend Comparison
XLRI's dividend yield for the trailing twelve months is around 13.52%, more than IYR's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 2.15% | 2.48% | 2.57% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 13.52% | 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 0.96, XLRI and IYR 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.
IYR has higher volatility (4.56%) compared to XLRI (3.42%). In terms of maximum drawdown, XLRI dropped -7.12% vs IYR's -74.13%.
On 1-year performance, IYR leads with 13.51% vs 10.59% for XLRI. On fees, XLRI is cheaper at 0.35% per year. On volatility, XLRI has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYR has performed better with a 13.51% return vs 10.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLRI is cheaper with a 0.35% expense ratio, compared with 0.38% for IYR.
XLRI has the higher dividend yield at 13.52%, compared with 2.15% for IYR.
XLRI is categorized as Derivative Income, while IYR is REIT. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for XLRI and 0.38% for IYR.
IYR currently has the higher Sharpe Ratio (0.96 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.
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