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 Index. XLRI is actively managed, while IYR is passively managed. With a 0.96 correlation, they move nearly in lockstep. XLRI charges 0.35%/yr vs 0.42%/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 6.99% return, which is significantly lower than IYR's 10.92% return.
XLRI
- 1D
- 0.29%
- 1M
- 4.45%
- YTD
- 6.99%
- 6M
- 7.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYR
- 1D
- 0.25%
- 1M
- 4.06%
- YTD
- 10.92%
- 6M
- 11.47%
- 1Y
- 11.81%
- 3Y*
- 9.16%
- 5Y*
- 2.64%
- 10Y*
- 5.78%
XLRI vs. IYR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 6.99% | -0.57% |
IYR iShares U.S. Real Estate ETF | 10.92% | -2.43% |
Correlation
The correlation between XLRI and IYR is 0.96 - 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 | 0.96 |
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Return for Risk
XLRI vs. IYR — Risk / Return Rank
XLRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.16 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.39 | — |
| Martin ratioReturn relative to average drawdown | — | 4.33 | — |
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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 | — | -8.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.52% | — |
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 | -0.28% | -0.50% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -12.89% | +11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.73% | — |
Volatility
XLRI vs. IYR - Volatility Comparison
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Volatility by Period
| XLRI | IYR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 13.57% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.65% | 18.76% | -8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.65% | 20.34% | -9.69% |
XLRI vs. IYR - Expense Ratio Comparison
XLRI has a 0.35% expense ratio, which is lower than IYR's 0.42% expense ratio.
Dividends
XLRI vs. IYR - Dividend Comparison
XLRI's dividend yield for the trailing twelve months is around 12.20%, more than IYR's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 2.19% | 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 | 12.20% | 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.
On fees, XLRI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLRI is cheaper with a 0.35% expense ratio, compared with 0.42% for IYR.
XLRI has the higher dividend yield at 12.20%, compared with 2.19% 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 0.42% for IYR.
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