- ISIN
- US81369Y8600
- CUSIP
- 81369Y860
- Issuer
- State Street
- Inception Date
- Oct 7, 2015
- Region
- North America (U.S.)
- Category
- REIT
- Leveraged
- 1x (No leverage)
- Index Tracked
- Real Estate Select Sector Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $9B
Highlights
- Avg. Volume (1M)
- 5M
- Avg. Volume Value (1M)
- $214.09M
Share Price Chart
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Performance
XLRE Performance Chart
Real Estate Select Sector SPDR Fund (XLRE) is up 13.7% since the beginning of the year. XLRE is currently trading at $45 per share. Investors who bought $1,000 worth of XLRE shares 5 years ago would now be looking at an investment worth $1,150.
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Returns By Period
Real Estate Select Sector SPDR Fund (XLRE) has returned 13.71% so far this year and 13.19% over the past 12 months. Over the last ten years, XLRE has returned 6.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
Real Estate Select Sector SPDR Fund
- 1D
- 0.24%
- 1M
- 1.12%
- 6M
- 12.02%
- YTD
- 13.71%
- 1Y
- 13.19%
- 3Y*
- 10.53%
- 5Y*
- 2.83%
- 10Y*
- 6.48%
- ALL TIME*
- 7.47%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
XLRE Monthly Returns History
Based on dividend-adjusted daily data since Oct 8, 2015, XLRE's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +12.5%, while the worst month was Mar 2020 at -15.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, XLRE closed higher 53% of trading days. The best single day was Mar 13, 2020 with a return of +8.8%, while the worst single day was Mar 16, 2020 at -16.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.68% | 5.82% | -6.24% | 8.74% | -0.92% | 0.97% | 2.36% | 0.24% | 13.71% | ||||
| 2025 | 1.84% | 4.18% | -2.39% | -1.31% | 1.04% | 0.16% | -0.02% | 2.17% | 0.33% | -2.92% | 1.88% | -2.11% | 2.63% |
| 2024 | -4.82% | 2.57% | 1.76% | -8.45% | 5.14% | 1.97% | 7.24% | 5.73% | 3.29% | -3.29% | 4.17% | -8.65% | 5.09% |
| 2023 | 9.91% | -5.86% | -1.48% | 0.99% | -4.53% | 5.58% | 1.33% | -3.06% | -7.23% | -2.85% | 12.48% | 8.75% | 12.36% |
| 2022 | -8.63% | -4.80% | 7.82% | -3.56% | -5.11% | -6.85% | 8.52% | -5.62% | -13.17% | 2.00% | 6.83% | -4.82% | -26.25% |
| 2021 | 0.55% | 1.58% | 6.81% | 8.31% | 1.15% | 3.14% | 4.62% | 2.80% | -6.25% | 7.58% | -0.90% | 10.26% | 46.10% |
Benchmark Metrics
Real Estate Select Sector SPDR Fund has an annualized alpha of -1.70%, beta of 0.79, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since October 08, 2015.
- This ETF participated in 92.80% of S&P 500 Index downside but only 72.39% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.70%
- Beta
- 0.79
- R²
- 0.48
- Upside Capture
- 72.39%
- Downside Capture
- 92.80%
Expense Ratio
XLRE has an expense ratio of 0.13%, which is considered low.
Return for Risk
Risk / Return Rank
XLRE ranks 39 for risk / return — above 39% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Real Estate Select Sector SPDR Fund (XLRE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XLRE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.41 | -0.82 |
| Martin ratioReturn relative to average drawdown | 4.64 | 10.22 | -5.58 |
Dividends
Dividend History
Real Estate Select Sector SPDR Fund provided a 3.11% dividend yield over the last twelve months, with an annual payout of $1.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.41 | $1.39 | $1.40 | $1.33 | $1.37 | $1.35 | $1.15 | $1.18 | $1.17 | $1.07 | $1.30 | $0.34 |
Dividend yield | 3.11% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Real Estate Select Sector SPDR Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.65 | ||||
| 2025 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.44 | $1.39 |
| 2024 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.43 | $1.40 |
| 2023 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.42 | $1.33 |
| 2022 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.42 | $1.37 |
| 2021 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.43 | $1.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Real Estate Select Sector SPDR Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Real Estate Select Sector SPDR Fund was 38.83%, occurring on Mar 23, 2020. Recovery took 260 trading sessions.
The current Real Estate Select Sector SPDR Fund drawdown is 1.80%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.83%Mar 2020 | 28d | 1y 13d | 1y 1moFeb 2020 - Apr 2021 | COVID crash2020 |
-34.12%Oct 2023 | 1y 9mo | 2y 7mo | 4y 5moJan 2022 - Jun 2026 | — |
-14.64%Nov 2016 | 3mo 10d | 12mo 2d | 1y 3moAug 2016 - Nov 2017 | — |
-13.42%Feb 2016 | 1mo 13d | 1mo 5d | 2mo 18dDec 2015 - Mar 2016 | — |
-12.53%Dec 2018 | 17d | 1mo 8d | 1mo 25dDec 2018 - Jan 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| XLRE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -56.78% | +17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -9.10% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -18.90% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -25.43% | -8.69% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -33.92% | -4.91% |
Current DrawdownCurrent decline from peak | -1.80% | -0.12% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -10.70% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.14% | +0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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