XLRE — State Street Real Estate Select Sector SPDR ETF

XLRE Price Performance — Growth of $10,000

Value of a $10,000 investment in XLRE over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XLRE Drawdown

The "underwater" chart: XLRE's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street Real Estate Select Sector SPDR ETF (XLRE) is a Real Estate category fund managed by State Street Investment Management. With $8.10 billion in assets under management, the fund trades at a price of $45.96 and carries an expense ratio of 0.08%. It currently holds an overall rank of #257 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 59.5/100. The fund offers a dividend yield of 3.19%, providing income relative to its asset base. This AUM size places it among the larger funds in its specific sector, though its ranking reflects a mid-tier performance standing among the 11 ETFs ETFValuer tracks in the Real Estate category. The combination of a low expense ratio and substantial assets suggests significant investor adoption despite the moderate overall grade.

Short-term returns show a decline of -0.11% over one day, followed by a recovery to +2.11% over one week and +2.32% over one month. The fund demonstrated acceleration in performance over the next three months with a return of +5.59%, which extended to +13.15% over six months. Year-to-date gains reached +15.59%, while the one-year return stood at +13.07%, indicating a slight deceleration in the most recent annual period compared to the six-month trend. Over a longer horizon, the three-year return accumulated to +35.99%, reflecting sustained growth despite the recent annual slowdown. This pattern illustrates a trajectory where short-term volatility was followed by consistent gains that peaked in the year-to-date period before moderating slightly in the trailing twelve months.

The fund is classified with a Low volatility label and a beta of 0.99, suggesting price movements that closely track the broader market with limited deviation. A Sharpe ratio of 0.56 indicates the risk-adjusted returns generated relative to the volatility experienced over the measurement period. The maximum drawdown of -16.57% represents the largest peak-to-trough decline recorded, highlighting the extent of potential losses during adverse market conditions. This combination of a beta near unity and a low volatility label implies the fund generally mirrors market direction without amplifying swings, yet the drawdown figure confirms exposure to significant downside events. The Sharpe ratio of 0.56 suggests that while the fund has delivered positive returns, the compensation for the risk taken is moderate rather than exceptional.

AI-generated summary based on the data on this page.

XLRE Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 59.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XLRE's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLRE

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLRE's top 10 — FREL overlaps most, holding 10 of the same companies as XLRE's top 10 (59.0% of XLRE's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.61% (as of 2026-07-28) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.21 (as of 2026-07-28) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLRE Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.92% and average daily volume is 5.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $8.10B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLRE is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XLRE Performance History

How XLRE Compares to Other Real Estate ETFs