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BLDG vs. XLRE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BLDG vs. XLRE

Last updated Jun 5, 2026

BLDG (Cambria Global Real Estate ETF) and XLRE (Real Estate Select Sector SPDR Fund) are both REIT funds. BLDG is actively managed, while XLRE is passively managed. Over the past 5 years, BLDG returned 2.40%/yr vs 3.28%/yr for XLRE. A 0.79 correlation means they provide meaningful diversification when combined. BLDG charges 0.59%/yr vs 0.13%/yr for XLRE.

Performance

BLDG vs. XLRE - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, BLDG achieves a 6.82% return, which is significantly lower than XLRE's 10.78% return.

BLDG

1D
0.82%
1M
0.01%
YTD
6.82%
6M
6.29%
1Y
11.06%
3Y*
9.14%
5Y*
2.40%
10Y*
—

XLRE

1D
2.05%
1M
0.52%
YTD
10.78%
6M
10.21%
1Y
9.99%
3Y*
10.34%
5Y*
3.28%
10Y*
6.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BLDG vs. XLRE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
BLDG
Cambria Global Real Estate ETF		6.82%4.26%8.18%1.76%-14.66%22.47%15.37%
XLRE
Real Estate Select Sector SPDR Fund		10.78%2.63%5.09%12.36%-26.25%46.10%8.89%

Correlation

The correlation between BLDG and XLRE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2020

0.79

The correlation between BLDG and XLRE has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

BLDG vs. XLRE - Sectors Allocation Comparison

Sectors
BLDG
XLRE

Real Estate

98.6%
98.1%

Financial Services

1.4%

-

Basic Materials

-

1.8%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

BLDG
98.6%
XLRE
98.1%

Financial Services

BLDG
1.4%
XLRE

-

Basic Materials

BLDG

-

XLRE
1.8%

Communication Services

BLDG

-

XLRE

-

Consumer Cyclical

BLDG

-

XLRE

-

Consumer Defensive

BLDG

-

XLRE

-

Energy

BLDG

-

XLRE

-

Healthcare

BLDG

-

XLRE

-

Industrials

BLDG

-

XLRE

-

Technology

BLDG

-

XLRE

-

Utilities

BLDG

-

XLRE

-

Compare stocks, funds, or ETFs

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Cambria Global Real Estate ETF

Real Estate Select Sector SPDR Fund

Often compared with BLDG:
BLDG vs. VNQBLDG vs. AVREBLDG vs. VNQIBLDG vs. REETBLDG vs. SRETBLDG vs. RWXBLDG vs. DFGR
Often compared with XLRE:
XLRE vs. VNQXLRE vs. SCHHXLRE vs. SPYXLRE vs. USRTXLRE vs. IYRXLRE vs. REETXLRE vs. FREL

Return for Risk

BLDG vs. XLRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BLDG
BLDG Risk / Return Rank: 2727
Overall Rank
BLDG Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
BLDG Sortino Ratio Rank: 2727
Sortino Ratio Rank
BLDG Omega Ratio Rank: 2626
Omega Ratio Rank
BLDG Calmar Ratio Rank: 2424
Calmar Ratio Rank
BLDG Martin Ratio Rank: 2828
Martin Ratio Rank
XLRE
XLRE Risk / Return Rank: 2323
Overall Rank
XLRE Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
XLRE Sortino Ratio Rank: 2121
Sortino Ratio Rank
XLRE Omega Ratio Rank: 2222
Omega Ratio Rank
XLRE Calmar Ratio Rank: 2626
Calmar Ratio Rank
XLRE Martin Ratio Rank: 2525
Martin Ratio Rank
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.

BLDG vs. XLRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Real Estate ETF (BLDG) 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.

BLDGXLREDifference
Sharpe ratioReturn per unit of total volatility
1.00
0.74

+0.26

Sortino ratioReturn per unit of downside risk
1.45
1.08

+0.37

Omega ratioGain probability vs. loss probability

1.17

1.14

+0.04

Calmar ratioReturn relative to maximum drawdown

1.10

1.20

-0.10

Martin ratioReturn relative to average drawdown

3.88

3.31

+0.57

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLDG vs. XLRE - Sharpe Ratio Comparison

The current BLDG Sharpe Ratio is 1.00, which is higher than the XLRE Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of BLDG and XLRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BLDGXLREDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.00

0.74

+0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.16

0.17

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.34

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.36

+0.10

Drawdowns

BLDG vs. XLRE - Drawdown Comparison

The maximum BLDG drawdown since its inception was -27.25%, smaller than the maximum XLRE drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for BLDG and XLRE.

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Drawdown Indicators

BLDGXLREDifference

Max Drawdown

Largest peak-to-trough decline

-27.25%

-38.83%

+11.58%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-8.33%

-1.75%

Max Drawdown (3Y)

Largest decline over 3 years

-18.57%

-16.74%

-1.83%

Max Drawdown (5Y)

Largest decline over 5 years

-27.25%

-34.12%

+6.87%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.83%

—

Current Drawdown

Current decline from peak

-1.96%

-0.99%

-0.97%

Average Drawdown

Average peak-to-trough decline

-9.22%

-9.60%

+0.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

3.03%

-0.17%

Volatility

BLDG vs. XLRE - Volatility Comparison

The current volatility for Cambria Global Real Estate ETF (BLDG) is 3.58%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 4.25%. This indicates that BLDG experiences smaller price fluctuations and is considered to be less risky than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BLDGXLREDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.58%

4.25%

-0.67%

Volatility (6M)

Calculated over the trailing 6-month period

8.26%

9.86%

-1.60%

Volatility (1Y)

Calculated over the trailing 1-year period

11.09%

13.58%

-2.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.27%

19.08%

-3.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.54%

20.40%

-4.86%

BLDG vs. XLRE - Expense Ratio Comparison

BLDG has a 0.59% expense ratio, which is higher than XLRE's 0.13% expense ratio.

Dividends

BLDG vs. XLRE - Dividend Comparison

BLDG's dividend yield for the trailing twelve months is around 5.68%, more than XLRE's 3.15% yield.

PositionTTM20252024202320222021202020192018201720162015
BLDG
Cambria Global Real Estate ETF		5.68%7.46%7.97%4.99%3.99%10.40%0.59%0.00%0.00%0.00%0.00%0.00%
XLRE
Real Estate Select Sector SPDR Fund		3.15%3.45%3.43%3.31%3.70%2.61%3.15%3.06%3.78%3.25%4.22%1.09%

Frequently Asked Questions

BLDG and XLRE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XLRE has higher volatility (4.25%) compared to BLDG (3.58%). In terms of maximum drawdown, BLDG dropped -27.25% vs XLRE's -38.83%.

On 5-year performance, XLRE leads with 3.28% vs 2.40% for BLDG. On fees, XLRE is cheaper at 0.13% per year. On volatility, BLDG has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, XLRE has performed better with a 3.28% return vs 2.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XLRE is cheaper with a 0.13% expense ratio, compared with 0.59% for BLDG.

BLDG has the higher dividend yield at 5.68%, compared with 3.15% for XLRE.

They also come from different issuers: Cambria and State Street. Their fees differ too: 0.59% for BLDG and 0.13% for XLRE.

BLDG currently has the higher Sharpe Ratio (1.00 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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