XLRI vs. REAI

Last updated Jul 17, 2026

XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) and REAI (Intelligent Real Estate ETF) are both exchange-traded funds - XLRI is a Derivative Income fund actively managed by State Street, while REAI is a REIT fund actively managed by Armada ETF Advisors. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. XLRI charges 0.35%/yr vs 0.59%/yr for REAI.

Performance

XLRI vs. REAI - 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 Intelligent Real Estate ETF (REAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLRI achieves a 8.15% return, which is significantly lower than REAI's 15.58% return.

XLRI

• 1D: 1.45%
• 1M: 1.08%
• 6M: 5.94%
• YTD: 8.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

REAI

• 1D: 0.85%
• 1M: 0.01%
• 6M: 8.35%
• YTD: 15.58%
• 1Y: 12.61%
• 3Y*: 4.99%
• 5Y*: —
• 10Y*: —

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

XLRI vs. REAI - Yearly Performance Comparison

	2026 (YTD)	2025
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	8.15%	-0.57%
REAI Intelligent Real Estate ETF	15.58%	-2.75%

Correlation

The correlation between XLRI and REAI is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.74

Return for Risk

XLRI vs. REAI — 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.

REAI

REAI Risk / Return Rank: 27
REAI Sharpe Ratio Rank: 27
REAI Sortino Ratio Rank: 26
REAI Omega Ratio Rank: 25
REAI Calmar Ratio Rank: 28
REAI Martin Ratio Rank: 27

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. REAI - 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 Intelligent Real Estate ETF (REAI). 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	REAI	Difference
Sharpe ratio: Return per unit of total volatility	—	0.83	—
Sortino ratio: Return per unit of downside risk	—	1.23	—
Omega ratio: Gain probability vs. loss probability	—	1.15	—
Calmar ratio: Return relative to maximum drawdown	—	1.14	—
Martin ratio: Return relative to average drawdown	—	2.88	—

Drawdowns

XLRI vs. REAI - Drawdown Comparison

The maximum XLRI drawdown since its inception was -7.12%, smaller than the maximum REAI drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for XLRI and REAI.

Drawdown Indicators

	XLRI	REAI	Difference
Max Drawdown Largest peak-to-trough decline	-7.12%	-22.29%	+15.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.29%	—
Current Drawdown Current decline from peak	0.00%	-1.63%	+1.63%
Average Drawdown Average peak-to-trough decline	-1.60%	-7.12%	+5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.39%	—

Volatility

Volatility by Period

	XLRI	REAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	15.34%	-4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.25%	17.91%	-6.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.25%	17.91%	-6.66%

XLRI vs. REAI - Expense Ratio Comparison

XLRI has a 0.35% expense ratio, which is lower than REAI's 0.59% expense ratio.

Dividends

XLRI vs. REAI - Dividend Comparison

XLRI's dividend yield for the trailing twelve months is around 13.56%, more than REAI's 3.21% yield.

Position	TTM	2025	2024	2023
REAI Intelligent Real Estate ETF	3.21%	4.52%	3.34%	1.99%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	13.56%	6.85%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLRI and REAI in my portfolio?

XLRI and REAI have a correlation of 0.74, 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 REAI?

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 REAI?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.59% for REAI.

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

XLRI has the higher dividend yield at 13.56%, compared with 3.21% for REAI.

What is the main difference between XLRI and REAI?

XLRI is categorized as Derivative Income, while REAI is REIT. They also come from different issuers: State Street and Armada ETF Advisors. Their fees differ too: 0.35% for XLRI and 0.59% for REAI.