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SRHR vs XLEI

SRH REIT Covered Call ETF

SRHRDNYSE Arca

State Street Energy Select Sector SPDR Premium Income ETF

XLEIBNYSE Arca

Overlap

0.0%by weight

Expense ratio

XLEI −0.40pt a year

SRHR0.75%XLEI0.35%

Avg volume · 30D

XLEI 957.5×the volume

SRHR198XLEI190K

SRHR vs XLEI Performance

Oct 31, 2025 – Oct 30, 2026

+10.1%SRHR+48.5%XLEI

Oct 31, 2025 to Oct 30, 2026. SRHR +10.1%. XLEI +48.5%. Use the arrow keys to read each point.0%20%30%40%Oct 2025Apr 2026Oct 2026
Expense ratio
SRHR 0.75%
XLEI 0.35%, better
Fund size
SRHR $50M
XLEI $203M
1Y total return
SRHR +10.1%
XLEI +48.5%, better
Yield (12M)
SRHR 6.67%
XLEI 17.59%, better
Holdings
SRHR 27
XLEI 3
Avg volume (30D)
SRHR 198 sh
XLEI 190K sh, better
NAV per share
SRHR $55.29
XLEI $29.48
52W range

ETF.net Grade

SRHR: Cost 29, Risk 53, Mission not scored, Tradability 13, Holdings 86, Durability 66. XLEI: Cost 76, Risk 70, Mission 56, Tradability 70, Holdings 49, Durability 81.
Pillar letters and Scores for SRHR, XLEI, with each pillar’s weight
PillarSRHRXLEI
Cost30% weightD29A76Higher
Mission25% weightNot scoredB56
Risk15% weightC53A70Higher
Tradability15% weightF13A70Higher
Holdings10% weightA86HigherC49
Durability5% weightB66A81Higher

Rank among Sector Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SRHR and XLEI are both graded against the same 22 Sector Option Income funds, so their Grades compare head to head.

Sector Option Income⁠

Category · 22 funds
See all 22 ›

XLEI ranks 7th and SRHR 15th of 22 funds in the Sector Option Income Category.

  1. Rank 5BXLYIState Street Consumer Discretionary Select Sector SPDR Premium Income ETFScore 67
  2. Rank 7BXLEIState Street Energy Select Sector SPDR Premium Income ETFScore 66
  3. Rank 8BTYLGGlobal X Information Technology Covered Call & Growth ETFScore 63
  4. Rank 14CRNTYYieldMax Target 12 Real Estate Option Income ETFScore 42
  5. Rank 15DSRHRSRH REIT Covered Call ETFScore 40
  6. Rank 15CXLCIState Street Communication Services Select Sector SPDR Premium Income ETFScore 40

Our read on each fund

ETF.net Research

SRHRDSRH REIT Covered Call ETF

XLEIBState Street Energy Select Sector SPDR Premium Income ETF

In short

SRHR Most covered-call ETFs sell options on the S&P 500. SRHR does it on landlords: a portfolio of US REITs with calls written selectively on individual holdings, paid out monthly.

XLEI State Street's 1998-vintage energy sector fund, wrapped in a call-writing overlay. Same oil and gas majors, monthly income from selling options against them, minus some of the upside when crude runs.

Stated mandate

SRHR The Fund seeks total return by investing primarily in publicly traded domestic REITs and selectively writing covered call options on portfolio REITs to generate additional income and potentially enhance returns.

XLEI The fund seeks current income while preserving prospects for long-term capital growth by investing in an energy-sector ETF and selling call options on it to generate additional premium income.

Why people hold it

  • SRHR Charges 0.75%, well under the 0.95% median for actively overlaid options-income funds. Cheap for a niche strategy.
  • A rare REIT-only take on covered calls. The crowd overwrites broad indexes; this one sticks to publicly traded domestic real estate.
  • Calls are written selectively on portfolio names, not blanketed across the book, and the stated goal is total return rather than maximum yield.
  • Distributions land monthly, matching the rhythm income-focused holders usually want.
  • XLEI Underlying is the original energy sector SPDR, trading since 1998: market-cap-weighted S&P 500 oil, gas and services names. No stock picking, just an overlay on a known quantity.stockanalysis.com
  • Pays monthly, and the mandate is written to seek income while preserving prospects for long-term growth rather than sell away all the upside.ssga.com
  • Calls are written on the sector ETF itself, not dozens of single stocks, so the overlay runs off one liquid options chain.ssga.com
  • The 0.35% fee sits right at the median for sector covered-call funds, and the build stands among the stronger ones in that peer group.

Worth knowing

  • SRHR Small and thinly traded. Expect wider bid-ask spreads than you'd see in the big names of this category, such as DIVO.
  • One sector, one rate story. REITs swing with borrowing costs, and there's no diversification here to soften that.
  • Selling a call trades away upside above the strike on that holding for premium today. That's the deal covered calls make.
  • XLEI Written calls cap the rally: above the strike, further gains go to the option buyer and the fund keeps the premium instead.ssga.com
  • One narrow sector, market-cap weighted, so the integrated majors dominate. Nothing inside cushions a broad crude selloff.stockanalysis.com
  • A 2025 launch, so there is no record through a full energy cycle yet, and it trades lightly next to the sector fund it holds.

Full SRHR profile⁠

Full XLEI profile⁠

SRHR vs XLEI Holdings

How SRHR and XLEI differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of SRHR and 0.0% of XLEI.

Level by level

  • Sector3 Sectors0.0%
  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in SRHR and XLEI, widest gap first
SectorMore in SRHRMore in XLEI
EnergyXLEI +100.0 points
Real EstateSRHR +99.0 points
FinancialsSRHR +1.0 points

Country, concentration and asset class

Country by domicile

Country weights in SRHR and XLEI, widest gap first
CountryMore in SRHRMore in XLEI
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • SRHR57.2%
  • XLEI102.0%

Securities held

  • SRHR27
  • XLEI1

Asset class

SRHR
Equity
XLEI
Equity

Holdings

  • Only in SRHR27
  • In both0
  • Only in XLEI1

Only in SRHR

27 securities, 100% of SRHR by weight

  • Lamar Advertising Co10.82%
  • Realty Income Corp6.52%
  • Omega Healthcare Investors Inc6.28%

Only in XLEI

1 security, 100% of XLEI by weight

  • State Street Energy Select Sec101.66%

Weight gaps

SRHR and XLEI share no securities.

All 33 SRHR holdings⁠All 6 XLEI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SRHR vs XLEI Cost

Overpaying SRHR vs XLEI

$7,356

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SRHR 0.75%

    $14,482

  • XLEI 0.35%

    $7,126

$10,000
30 years

Cost over time

  • SRHR 0.75%
  • XLEI 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SRHR $14,482XLEI $7,126

Year by year

YearSRHRXLEIOverpaying
10$1,336$634$702
20$5,078$2,454$2,624
30$14,482$7,126$7,356

Expense ratio

  • 0.75%SRHR
  • 0.35%XLEI, cheaper
  • Middle half of Sector Option Income funds
  • Median 0.47%

XLEI cheapest of 22 funds

SRHR 16th cheapest of 22 funds

SRHR vs XLEI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SRHR 6.67%
XLEI 17.59%, better
Payout (12M)
SRHR $3.67
XLEI $5.24
Last payment
SRHR $0.30
XLEI $0.51
Ex-dividend
SRHR Oct 22, 2026
XLEI Oct 1, 2026
Paid on
SRHR Oct 23, 2026
XLEI Oct 5, 2026
Frequency
SRHR Monthly
XLEI Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

SRHRMonthly · 35 paymentsAll SRHR payments⁠
One bar per payment. 35 payments from 2023 to 2026 YTD. Dec 20, 2023 $0.56; Jan 25, 2024 $0.35; Feb 23, 2024 $0.36; Mar 21, 2024 $0.35; Apr 25, 2024 $0.35; May 23, 2024 $0.40; Jun 27, 2024 $0.36; Jul 25, 2024 $0.30; Aug 22, 2024 $0.31; Sep 26, 2024 $0.28; Oct 24, 2024 $0.27; Nov 21, 2024 $0.31; Dec 27, 2024 $0.30; Jan 23, 2025 $0.31; Feb 27, 2025 $0.33; Mar 27, 2025 $0.33; Apr 24, 2025 $0.28; May 22, 2025 $0.31; Jun 26, 2025 $0.30; Jul 24, 2025 $0.29; Aug 21, 2025 $0.32; Sep 25, 2025 $0.32; Oct 23, 2025 $0.32; Nov 28, 2025 $0.33; Dec 30, 2025 $0.31; Jan 22, 2026 $0.29; Feb 26, 2026 $0.27; Mar 26, 2026 $0.30; Apr 23, 2026 $0.27; May 21, 2026 $0.34; Jun 25, 2026 $0.30; Jul 23, 2026 $0.29; Aug 27, 2026 $0.32; Sep 24, 2026 $0.34; Oct 22, 2026 $0.30. Use the arrow keys to read each point.$0$0.5020232026YTD
XLEIMonthly · 14 paymentsAll XLEI payments⁠
One bar per payment. 14 payments from 2023 to 2026 YTD. Sep 2, 2025 $0.59; Oct 1, 2025 $0.44; Nov 3, 2025 $0.39; Dec 1, 2025 $0.29; Dec 29, 2025 $0.73; Feb 2, 2026 $0.25; Mar 2, 2026 $0.46; Apr 1, 2026 $0.55; May 1, 2026 $0.31; Jun 1, 2026 $0.45; Jul 1, 2026 $0.54; Aug 3, 2026 $0.39; Sep 1, 2026 $0.37; Oct 1, 2026 $0.51. Use the arrow keys to read each point.$0$0.5020232026YTD

SRHR vs XLEI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SRHR 13.1%since Dec 2023XLEI 15.6%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SRHR 0.22since Dec 2023XLEI 2.03since Aug 2025
Worst fallMax drawdown, 5 years
SRHR −18.7%since Nov 2023XLEI −8.2%since Jul 2025
Market sensitivityBeta, 5 years
SRHR 0.65XLEI −0.51

SRHR and XLEI in the news

All news⁠

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