JOE vs. XLRE
JOE (The St. Joe Company) is a stock, while XLRE (Real Estate Select Sector SPDR Fund) is REIT fund tracking the Real Estate Select Sector Index. Over the past 10 years, JOE returned 15.49%/yr vs 6.93%/yr for XLRE. At a 0.46 correlation, their price movements are largely independent.
Performance
JOE vs. XLRE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JOE having a 12.87% return and XLRE slightly lower at 12.23%. Over the past 10 years, JOE has outperformed XLRE with an annualized return of 15.49%, while XLRE has yielded a comparatively lower 6.93% annualized return.
JOE
- 1D
- -0.19%
- 1M
- 4.22%
- YTD
- 12.87%
- 6M
- 13.67%
- 1Y
- 41.59%
- 3Y*
- 15.27%
- 5Y*
- 9.15%
- 10Y*
- 15.49%
XLRE
- 1D
- 0.18%
- 1M
- 0.61%
- YTD
- 12.23%
- 6M
- 11.98%
- 1Y
- 11.88%
- 3Y*
- 10.45%
- 5Y*
- 3.35%
- 10Y*
- 6.93%
JOE vs. XLRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JOE The St. Joe Company | 12.87% | 33.68% | -24.64% | 57.12% | -25.07% | 23.45% | 114.56% | 50.57% | -27.04% | -5.00% |
XLRE Real Estate Select Sector SPDR Fund | 12.23% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
Correlation
The correlation between JOE and XLRE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015 | 0.46 |
The correlation between JOE and XLRE shifts across timeframes, from 0.46 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JOE vs. XLRE — Risk / Return Rank
JOE
XLRE
JOE vs. XLRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The St. Joe Company (JOE) 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.
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.
| JOE | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.16 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.43 | +1.04 |
| Martin ratioReturn relative to average drawdown | 6.58 | 3.96 | +2.63 |
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Drawdowns
JOE vs. XLRE - Drawdown Comparison
The maximum JOE drawdown since its inception was -84.33%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for JOE and XLRE.
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Drawdown Indicators
| JOE | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.33% | -38.83% | -45.50% |
Max Drawdown (1Y)Largest decline over 1 year | -16.94% | -8.33% | -8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -35.71% | -16.74% | -18.97% |
Max Drawdown (5Y)Largest decline over 5 years | -48.43% | -34.12% | -14.31% |
Max Drawdown (10Y)Largest decline over 10 years | -48.43% | -38.83% | -9.60% |
Current DrawdownCurrent decline from peak | -14.66% | -0.84% | -13.82% |
Average DrawdownAverage peak-to-trough decline | -51.24% | -9.56% | -41.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 3.01% | +3.33% |
Volatility
JOE vs. XLRE - Volatility Comparison
The St. Joe Company (JOE) has a higher volatility of 5.86% compared to Real Estate Select Sector SPDR Fund (XLRE) at 5.35%. This indicates that JOE's price experiences larger fluctuations and is considered to be riskier 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
| JOE | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 5.35% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 21.09% | 10.61% | +10.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 14.09% | +16.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.27% | 19.12% | +13.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.41% | 20.44% | +11.97% |
Dividends
JOE vs. XLRE - Dividend Comparison
JOE's dividend yield for the trailing twelve months is around 0.93%, less than XLRE's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JOE The St. Joe Company | 0.93% | 0.98% | 1.16% | 0.73% | 1.03% | 0.61% | 0.16% | 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
JOE and XLRE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JOE has higher volatility (5.86%) compared to XLRE (5.35%). In terms of maximum drawdown, JOE dropped -84.33% vs XLRE's -38.83%.
JOE currently has the higher Sharpe Ratio (1.35 vs 0.86), 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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