XLRE volatility State Street Real Estate Select Sector SPDR ETF
IV30Implied volatility interpolated to a constant 30-day horizon from the expirations around it, so different stocks and dates can be compared fairly.23.9%
HV20How much the stock actually moved, measured from daily closing prices over a past window (annualized). Compare with implied volatility to see what the options market priced versus what happened.12.3%
HV6014.5%
IV − HV20 spread
+11.6pt
Universe percentileWhere this IV30 ranks across all securities we cover today (a cross-sectional comparison, not the stock's own history).
23
Own-history percentileWhere today's IV30 sits versus its own daily history — 80 means higher than roughly 80% of recorded observations for that period.
4/60 days recorded
Cboe delayed options data · as of Sep 03, 21:55 UTC · How these are computed
IV term structure
At-the-money implied volatility for each listed expiration, plotted by days remaining.
| Expires | DTE | ATM IV | 25Δ skewThe IV gap between 25-delta puts and 25-delta calls for one expiration. Positive skew means downside protection is priced richer than upside exposure. | Implied move |
|---|---|---|---|---|
| Sep 18, 2026 | 15 | 13.0% | +4.3pt | ±2.1% |
| Oct 16, 2026 | 43 | 26.3% | +7.1pt | ±7.2% |
| Nov 20, 2026 | 78 | 16.3% | +1.6pt | ±6.1% |
| Jan 15, 2027 | 134 | 13.1% | +11.0pt | ±6.7% |
| Feb 19, 2027 | 169 | 16.5% | +12.2pt | ±9.0% |
Volatility smile — Sep 18, 2026
Implied volatility by strike. The tilt toward puts (left side higher) is the skew: downside protection priced richer than upside.
callsputs
Implied vs realized, daily record
IV30HV20