XLRI vs. KBUF

Last updated Jun 19, 2026

XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) and KBUF (KraneShares 90% KWEB Defined Outcome January 2026 ETF) are both exchange-traded funds - XLRI is a Derivative Income fund actively managed by State Street, while KBUF is a Options Trading fund actively managed by KraneShares. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. XLRI charges 0.35%/yr vs 0.95%/yr for KBUF.

Performance

XLRI vs. KBUF - 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 KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLRI achieves a 4.25% return, which is significantly higher than KBUF's -14.30% return.

XLRI

• 1D: -0.23%
• 1M: 0.19%
• YTD: 4.25%
• 6M: 5.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KBUF

• 1D: 0.22%
• 1M: -5.58%
• YTD: -14.30%
• 6M: -13.98%
• 1Y: -7.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLRI vs. KBUF - Yearly Performance Comparison

	2026 (YTD)	2025
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	4.25%	-0.57%
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	-14.30%	5.46%

Correlation

The correlation between XLRI and KBUF is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.16

Return for Risk

XLRI vs. KBUF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLRI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KBUF

KBUF Risk / Return Rank: 5
KBUF Sharpe Ratio Rank: 4
KBUF Sortino Ratio Rank: 4
KBUF Omega Ratio Rank: 4
KBUF Calmar Ratio Rank: 6
KBUF Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLRI vs. KBUF - 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 KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF). 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	KBUF	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.57	—
Sortino ratio: Return per unit of downside risk	—	-0.72	—
Omega ratio: Gain probability vs. loss probability	—	0.91	—
Calmar ratio: Return relative to maximum drawdown	—	-0.38	—
Martin ratio: Return relative to average drawdown	—	-0.89	—

Drawdowns

XLRI vs. KBUF - Drawdown Comparison

The maximum XLRI drawdown since its inception was -7.12%, smaller than the maximum KBUF drawdown of -19.54%. Use the drawdown chart below to compare losses from any high point for XLRI and KBUF.

Drawdown Indicators

	XLRI	KBUF	Difference
Max Drawdown Largest peak-to-trough decline	-7.12%	-19.54%	+12.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.54%	—
Current Drawdown Current decline from peak	-2.84%	-19.36%	+16.52%
Average Drawdown Average peak-to-trough decline	-1.65%	-4.41%	+2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.39%	—

Volatility

Volatility by Period

	XLRI	KBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.90%	13.14%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.90%	14.29%	-3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.90%	14.29%	-3.39%

XLRI vs. KBUF - Expense Ratio Comparison

XLRI has a 0.35% expense ratio, which is lower than KBUF's 0.95% expense ratio.

Dividends

XLRI vs. KBUF - Dividend Comparison

XLRI's dividend yield for the trailing twelve months is around 12.52%, more than KBUF's 8.77% yield.

Position	TTM	2025	2024
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	8.77%	7.51%	3.53%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	12.52%	6.85%	0.00%

Frequently Asked Questions

Can I hold both XLRI and KBUF in my portfolio?

XLRI and KBUF have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLRI or KBUF?

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.

Which ETF is cheaper, XLRI or KBUF?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.95% for KBUF.

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

XLRI has the higher dividend yield at 12.52%, compared with 8.77% for KBUF.

What is the main difference between XLRI and KBUF?

XLRI is categorized as Derivative Income, while KBUF is Options Trading. They also come from different issuers: State Street and KraneShares. Their fees differ too: 0.35% for XLRI and 0.95% for KBUF.