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SRHR vs XLUI

SRH REIT Covered Call ETF

SRHRDNYSE Arca

State Street Utilities Select Sector SPDR Premium Income ETF

XLUIBNYSE Arca

Overlap

Expense ratio

XLUI −0.40pt a year

SRHR0.75%XLUI0.35%

Avg volume · 30D

XLUI 283.7×the volume

SRHR198XLUI56.2K

SRHR vs XLUI Performance

Oct 31, 2025 – Oct 30, 2026

+10.1%SRHR+4.7%XLUI

Oct 31, 2025 to Oct 30, 2026. SRHR +10.1%. XLUI +4.7%. Use the arrow keys to read each point.−5%0%15%20%Oct 2025Apr 2026Oct 2026
Expense ratio
SRHR 0.75%
XLUI 0.35%, better
Fund size
SRHR $50M
XLUI $67M
1Y total return
SRHR +10.1%, better
XLUI +4.7%
Yield (12M)
SRHR 6.67%
XLUI 15.28%, better
Holdings
SRHR 27
XLUI 3
Avg volume (30D)
SRHR 198 sh
XLUI 56.2K sh, better
NAV per share
SRHR $55.29
XLUI $22.92
52W range

ETF.net Grade

SRHR: Cost 29, Risk 53, Mission not scored, Tradability 13, Holdings 86, Durability 66. XLUI: Cost 76, Risk 41, Mission 93, Tradability 57, Holdings 49, Durability 72.
Pillar letters and Scores for SRHR, XLUI, with each pillar’s weight
PillarSRHRXLUI
Cost30% weightD29A76Higher
Mission25% weightNot scoredA93
Risk15% weightC53HigherC41
Tradability15% weightF13B57Higher
Holdings10% weightA86HigherC49
Durability5% weightB66A72Higher

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 XLUI 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 ›

XLUI ranks 4th 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 4BXLUIState Street Utilities Select Sector SPDR Premium Income ETFScore 69
  5. Rank 5BXLFIState Street Financial Select Sector SPDR Premium Income ETFScore 67
  6. Rank 14CRNTYYieldMax Target 12 Real Estate Option Income ETFScore 42
  7. Rank 15DSRHRSRH REIT Covered Call ETFScore 40
  8. 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

XLUIBState Street Utilities 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.

XLUI Utilities run on regulated cash flows and steady dividends, the market's slow lane. XLUI parks there and sells calls against it, turning quiet into monthly income. It arrived in 2025 as part of the first suite to bolt a premium-income overlay onto sector SPDRs.

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.

XLUI The fund is an actively managed equity strategy seeking current income and long-term capital growth by investing in the State Street Utilities Select Sector SPDR ETF and selling call options on that ETF.

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.
  • XLUI Simple plumbing: it owns State Street's utilities sector ETF and writes calls on that same fund. No stock picking, no basket drift, the sector exposure the label implies.ssga.com
  • 0.35% a year sits right at the median for its sector call-writing peers, and the cash comes monthly rather than quarterly.
  • One of the strongest builds in its sector-overlay group, with health care sibling XLVI, and the strategy it runs matches the one on the tin.
  • Eleven sector versions launched together, all on the same wrapper and the same 0.35% fee, so switching the sector tilt does not mean switching strategy.nasdaq.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.
  • XLUI Written calls trade away part of a rally. When utilities run hard, the premium collected is what you get instead of the full move.ssga.com
  • Launched in 2025 and still a small fund that trades thinly, so bid-ask spreads can run wider than on the underlying sector ETF.
  • One sector, one underlying holding. Results track utilities, and the monthly payout moves with option premiums and dividends rather than a fixed rate.ssga.com

Full SRHR profile⁠

Full XLUI profile⁠

SRHR vs XLUI 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 XLUI Cost

Overpaying SRHR vs XLUI

$7,356

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

  • SRHR 0.75%

    $14,482

  • XLUI 0.35%

    $7,126

$10,000
30 years

Cost over time

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

Year by year

YearSRHRXLUIOverpaying
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%XLUI, cheaper
  • Middle half of Sector Option Income funds
  • Median 0.47%

XLUI cheapest of 22 funds

SRHR 16th cheapest of 22 funds

SRHR vs XLUI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SRHR 6.67%
XLUI 15.28%, better
Payout (12M)
SRHR $3.67
XLUI $3.51
Last payment
SRHR $0.30
XLUI $0.42
Ex-dividend
SRHR Oct 22, 2026
XLUI Oct 1, 2026
Paid on
SRHR Oct 23, 2026
XLUI Oct 5, 2026
Frequency
SRHR Monthly
XLUI 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
XLUIMonthly · 14 paymentsAll XLUI payments⁠
One bar per payment. 14 payments from 2023 to 2026 YTD. Sep 2, 2025 $0.32; Oct 1, 2025 $0.32; Nov 3, 2025 $0.27; Dec 1, 2025 $0.20; Dec 29, 2025 $0.59; Feb 2, 2026 $0.15; Mar 2, 2026 $0.23; Apr 1, 2026 $0.42; May 1, 2026 $0.28; Jun 1, 2026 $0.27; Jul 1, 2026 $0.34; Aug 3, 2026 $0.14; Sep 1, 2026 $0.22; Oct 1, 2026 $0.42. Use the arrow keys to read each point.$0$0.5020232026YTD

SRHR vs XLUI 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 2023XLUI 12.8%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SRHR 0.22since Dec 2023XLUI 0.20since Aug 2025
Worst fallMax drawdown, 5 years
SRHR −18.7%since Nov 2023XLUI −12.3%since Jul 2025
Market sensitivityBeta, 5 years
SRHR 0.65XLUI 0.002

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