BKCC vs. XLRE

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock Capital Investment Corporation (BKCC) and Real Estate Select Sector SPDR Fund (XLRE).

XLRE is a passively managed fund by State Street that tracks the performance of the Real Estate Select Sector Index. It was launched on Oct 7, 2015.

Performance

BKCC vs. XLRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Capital Investment Corporation (BKCC) and Real Estate Select Sector SPDR Fund (XLRE). The values are adjusted to include any dividend payments, if applicable.

BKCC vs. XLRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BKCC BlackRock Capital Investment Corporation	0.00%	0.00%	-2.35%	19.38%	0.42%	64.13%	-37.64%	5.20%	-4.14%	-1.03%
XLRE Real Estate Select Sector SPDR Fund	1.87%	2.63%	5.09%	12.36%	-26.25%	46.10%	-2.18%	28.68%	-2.39%	10.69%

Returns By Period

BKCC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLRE

• 1D: 1.54%
• 1M: -6.24%
• YTD: 1.87%
• 6M: -1.37%
• 1Y: 0.96%
• 3Y*: 6.59%
• 5Y*: 3.72%
• 10Y*: 5.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BKCC vs. XLRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLRE

XLRE Risk / Return Rank: 15
XLRE Sharpe Ratio Rank: 14
XLRE Sortino Ratio Rank: 13
XLRE Omega Ratio Rank: 13
XLRE Calmar Ratio Rank: 16
XLRE Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKCC vs. XLRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Investment Corporation (BKCC) and Real Estate Select Sector SPDR Fund (XLRE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BKCC	XLRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.06	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.32	—

Correlation

The correlation between BKCC and XLRE is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BKCC vs. XLRE - Dividend Comparison

BKCC has not paid dividends to shareholders, while XLRE's dividend yield for the trailing twelve months is around 3.43%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKCC BlackRock Capital Investment Corporation	0.00%	0.00%	2.72%	10.34%	11.05%	10.00%	16.36%	12.88%	13.61%	11.56%	12.07%	8.94%
XLRE Real Estate Select Sector SPDR Fund	3.43%	3.45%	3.43%	3.31%	3.70%	2.61%	3.15%	3.06%	3.78%	3.25%	4.22%	1.09%

Drawdowns

Drawdown Indicators

	BKCC	XLRE	Difference
Max Drawdown Largest peak-to-trough decline	—	-38.83%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.83%	—
Current Drawdown Current decline from peak	—	-8.95%	—
Average Drawdown Average peak-to-trough decline	—	-9.73%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.37%	—

Volatility

Volatility by Period

	BKCC	XLRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.05%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.40%	—