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SRHR vs XLSI

SRH REIT Covered Call ETF

SRHRDNYSE Arca

State Street Consumer Staples Select Sector SPDR Premium Income ETF

XLSIANYSE Arca

Overlap

Expense ratio

XLSI −0.40pt a year

SRHR0.75%XLSI0.35%

Avg volume · 30D

XLSI 97.1×the volume

SRHR198XLSI19.2K

SRHR vs XLSI Performance

Oct 31, 2025 – Oct 30, 2026

+10.1%SRHR+14.7%XLSI

Oct 31, 2025 to Oct 30, 2026. SRHR +10.1%. XLSI +14.7%. Use the arrow keys to read each point.0%5%20%Oct 2025Apr 2026Oct 2026
Expense ratio
SRHR 0.75%
XLSI 0.35%, better
Fund size
SRHR $50M
XLSI $25M
1Y total return
SRHR +10.1%
XLSI +14.7%, better
Yield (12M)
SRHR 6.67%
XLSI 12.22%, better
Holdings
SRHR 27
XLSI 2
Avg volume (30D)
SRHR 198 sh
XLSI 19.2K sh, better
NAV per share
SRHR $55.29
XLSI $23.80
52W range

ETF.net Grade

SRHR: Cost 29, Risk 53, Mission not scored, Tradability 13, Holdings 86, Durability 66. XLSI: Cost 76, Risk 68, Mission 88, Tradability 78, Holdings 51, Durability 58.
Pillar letters and Scores for SRHR, XLSI, with each pillar’s weight
PillarSRHRXLSI
Cost30% weightD29A76Higher
Mission25% weightNot scoredA88
Risk15% weightC53B68Higher
Tradability15% weightF13A78Higher
Holdings10% weightA86HigherC51
Durability5% weightB66HigherB58

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 XLSI 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 ›

XLSI ranks 1st 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 14CRNTYYieldMax Target 12 Real Estate Option Income ETFScore 42
  4. Rank 15DSRHRSRH REIT Covered Call ETFScore 40
  5. 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

XLSIAState Street Consumer Staples 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.

XLSI Covered calls on the market's quietest aisle. XLSI owns the classic consumer staples sector fund and sells calls on it, turning soup, soap and razors into monthly income while giving up gains above the strike.

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.

XLSI The fund uses an actively managed strategy intended to provide current income while preserving prospects for long-term capital growth. It invests in the Consumer Staples Select Sector SPDR ETF and sells call options on that ETF 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.
  • XLSI Simple plumbing: it holds shares of the staples Select Sector fund (XLP) and writes calls on that same ETF, so the equity sleeve is the plain sector basket, not a synthetic stand-in.ssga.com
  • 0.35% sits right at the median for its option-income sector cohort, the same sticker as siblings XLVI, XLUI and XLEI.
  • Pays monthly, and the call overlay is actively managed: a manager sets the strikes rather than following a fixed published formula.ssga.com
  • Sticks tightly to the mandate on the tin, and ranks among the stronger builds in its sector-overlay 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.
  • XLSI The calls cap the top end: gains above the strike on the underlying staples fund are traded away for premium.ssga.com
  • Option premiums rise and fall with volatility, so the monthly payout moves around. Income, not a coupon.
  • Launched in 2025 and small next to the giant option-income names, so the record is short and trading is light. Spreads can widen.

Full SRHR profile⁠

Full XLSI profile⁠

SRHR vs XLSI 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 XLSI Cost

Overpaying SRHR vs XLSI

$7,356

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

  • SRHR 0.75%

    $14,482

  • XLSI 0.35%

    $7,126

$10,000
30 years

Cost over time

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

Year by year

YearSRHRXLSIOverpaying
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%XLSI, cheaper
  • Middle half of Sector Option Income funds
  • Median 0.47%

XLSI cheapest of 22 funds

SRHR 16th cheapest of 22 funds

SRHR vs XLSI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SRHR 6.67%
XLSI 12.22%, better
Payout (12M)
SRHR $3.67
XLSI $2.92
Last payment
SRHR $0.30
XLSI $0.32
Ex-dividend
SRHR Oct 22, 2026
XLSI Oct 1, 2026
Paid on
SRHR Oct 23, 2026
XLSI Oct 5, 2026
Frequency
SRHR Monthly
XLSI 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
XLSIMonthly · 14 paymentsAll XLSI payments⁠
One bar per payment. 14 payments from 2023 to 2026 YTD. Sep 2, 2025 $0.29; Oct 1, 2025 $0.28; Nov 3, 2025 $0.22; Dec 1, 2025 $0.15; Dec 29, 2025 $0.32; Feb 2, 2026 $0.18; Mar 2, 2026 $0.30; Apr 1, 2026 $0.33; May 1, 2026 $0.19; Jun 1, 2026 $0.20; Jul 1, 2026 $0.35; Aug 3, 2026 $0.19; Sep 1, 2026 $0.18; Oct 1, 2026 $0.32. Use the arrow keys to read each point.$0$0.5020232026YTD

SRHR vs XLSI 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 2023XLSI 12.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SRHR 0.22since Dec 2023XLSI 0.48since Aug 2025
Worst fallMax drawdown, 5 years
SRHR −18.7%since Nov 2023XLSI −7.9%since Jul 2025
Market sensitivityBeta, 5 years
SRHR 0.65XLSI 0.19

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