Skip to content
etf.net

SRHR vs XLII

SRH REIT Covered Call ETF

SRHRDNYSE Arca

State Street Industrial Select Sector SPDR Premium Income ETF

XLIIANYSE Arca

Overlap

Expense ratio

XLII −0.40pt a year

SRHR0.75%XLII0.35%

Avg volume · 30D

XLII 80.3×the volume

SRHR198XLII15.9K

SRHR vs XLII Performance

Oct 31, 2025 – Oct 30, 2026

+10.1%SRHR+9.0%XLII

Oct 31, 2025 to Oct 30, 2026. SRHR +10.1%. XLII +9.0%. Use the arrow keys to read each point.0%5%15%20%Oct 2025Apr 2026Oct 2026
Expense ratio
SRHR 0.75%
XLII 0.35%, better
Fund size
SRHR $50M
XLII $17M
1Y total return
SRHR +10.1%, better
XLII +9.0%
Yield (12M)
SRHR 6.67%
XLII 13.46%, better
Holdings
SRHR 27
XLII 3
Avg volume (30D)
SRHR 198 sh
XLII 15.9K sh, better
NAV per share
SRHR $55.29
XLII $24.32
52W range

ETF.net Grade

SRHR: Cost 29, Risk 53, Mission not scored, Tradability 13, Holdings 86, Durability 66. XLII: Cost 76, Risk 49, Mission 100, Tradability 60, Holdings 51, Durability 51.
Pillar letters and Scores for SRHR, XLII, with each pillar’s weight
PillarSRHRXLII
Cost30% weightD29A76Higher
Mission25% weightNot scoredA100
Risk15% weightC53HigherC49
Tradability15% weightF13B60Higher
Holdings10% weightA86HigherC51
Durability5% weightB66HigherC51

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 XLII 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 ›

XLII ranks 2nd and SRHR 15th of 22 funds in the Sector Option Income Category.

  1. Rank 1AXLSIState Street Consumer Staples Select Sector SPDR Premium Income ETFScore 74
  2. Rank 2AXLIIState Street Industrial Select Sector SPDR Premium Income ETFScore 71
  3. Rank 2AXLVIState Street Health Care Select Sector SPDR Premium Income ETFScore 71
  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

XLIIAState Street Industrial 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.

XLII Covered calls swarm tech; far rarer on machinery, railroads and defense primes. XLII owns the 1998-vintage industrials SPDR and sells short-dated calls on that fund itself, paying out monthly.

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.

XLII The fund is actively managed to pursue current income while retaining the potential for long-term capital growth. It invests in XLI and sells call options on XLI to generate additional 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.
  • XLII Single-ticker build: it holds the industrials SPDR (XLI, running since 1998) and writes listed calls on that fund, so one trade buys the sector basket and the overlay.ssga.comssga.com 2
  • Actively managed overlay, not a rigid formula: managers choose strikes and expiries rather than selling the same call every month. Distributions come monthly.ssga.com
  • Priced at 0.35%, the going rate for sector covered-call funds, and among the stronger implementations in its peer group.
  • Same 0.35% runs across the sibling sleeves (XLVI health care, XLUI utilities), so sector mixes cost the same per leg.etf.com

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.
  • XLII Calls cap the upside: premium income is paid for by handing over part of any big industrials rally.ssga.com
  • Fund-of-funds fee stacking. The plain industrials SPDR (XLI) it owns costs a small fraction of 0.35% on its own.ssga.com
  • Launched in 2025, still small and thinly traded, so spreads can run wider than the underlying's.

Full SRHR profile⁠

Full XLII profile⁠

SRHR vs XLII 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 XLII Cost

Overpaying SRHR vs XLII

$7,356

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

  • SRHR 0.75%

    $14,482

  • XLII 0.35%

    $7,126

$10,000
30 years

Cost over time

  • SRHR 0.75%
  • XLII 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 $14,482XLII $7,126

Year by year

YearSRHRXLIIOverpaying
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%XLII, cheaper
  • Middle half of Sector Option Income funds
  • Median 0.47%

XLII cheapest of 22 funds

SRHR 16th cheapest of 22 funds

SRHR vs XLII Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SRHR 6.67%
XLII 13.46%, better
Payout (12M)
SRHR $3.67
XLII $3.23
Last payment
SRHR $0.30
XLII $0.30
Ex-dividend
SRHR Oct 22, 2026
XLII Oct 1, 2026
Paid on
SRHR Oct 23, 2026
XLII Oct 5, 2026
Frequency
SRHR Monthly
XLII 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
XLIIMonthly · 14 paymentsAll XLII payments⁠
One bar per payment. 14 payments from 2023 to 2026 YTD. Sep 2, 2025 $0.38; Oct 1, 2025 $0.22; Nov 3, 2025 $0.27; Dec 1, 2025 $0.22; Dec 29, 2025 $0.26; Feb 2, 2026 $0.21; Mar 2, 2026 $0.32; Apr 1, 2026 $0.35; May 1, 2026 $0.27; Jun 1, 2026 $0.31; Jul 1, 2026 $0.31; Aug 3, 2026 $0.30; Sep 1, 2026 $0.11; Oct 1, 2026 $0.30. Use the arrow keys to read each point.$0$0.5020232026YTD

SRHR vs XLII 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 2023XLII 11.9%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SRHR 0.22since Dec 2023XLII 0.60since Aug 2025
Worst fallMax drawdown, 5 years
SRHR −18.7%since Nov 2023XLII −10.1%since Jul 2025
Market sensitivityBeta, 5 years
SRHR 0.65XLII 0.53

Popular comparisons

  • SRHRDvsXLSIA

    SRH REIT Covered Call ETF · State Street Consumer Staples Select Sector SPDR Premium Income ETF

    Expense ratio
    0.75% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XLIIAvsXLSIA

    State Street Industrial Select Sector SPDR Premium Income ETF · State Street Consumer Staples Select Sector SPDR Premium Income ETF

    Expense ratio
    0.35% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SRHRDvsXLVIA

    SRH REIT Covered Call ETF · State Street Health Care Select Sector SPDR Premium Income ETF

    Expense ratio
    0.75% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XLIIAvsXLVIA

    State Street Industrial Select Sector SPDR Premium Income ETF · State Street Health Care Select Sector SPDR Premium Income ETF

    Expense ratio
    0.35% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SRHRDvsXLUIB

    SRH REIT Covered Call ETF · State Street Utilities Select Sector SPDR Premium Income ETF

    Expense ratio
    0.75% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XLIIAvsXLUIB

    State Street Industrial Select Sector SPDR Premium Income ETF · State Street Utilities Select Sector SPDR Premium Income ETF

    Expense ratio
    0.35% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.