PLD vs. XLRE
PLD (Prologis, Inc.) 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, PLD returned 14.79%/yr vs 7.15%/yr for XLRE. Their correlation of 0.81 suggests significant overlap in exposure.
Performance
PLD vs. XLRE - Performance Comparison
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Returns By Period
In the year-to-date period, PLD achieves a 17.45% return, which is significantly higher than XLRE's 13.17% return. Over the past 10 years, PLD has outperformed XLRE with an annualized return of 14.79%, while XLRE has yielded a comparatively lower 7.15% annualized return.
PLD
- 1D
- 1.05%
- 1M
- 4.26%
- YTD
- 17.45%
- 6M
- 16.07%
- 1Y
- 43.46%
- 3Y*
- 10.48%
- 5Y*
- 6.57%
- 10Y*
- 14.79%
XLRE
- 1D
- 0.98%
- 1M
- 3.30%
- YTD
- 13.17%
- 6M
- 13.29%
- 1Y
- 12.05%
- 3Y*
- 10.41%
- 5Y*
- 3.32%
- 10Y*
- 7.15%
PLD vs. XLRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLD Prologis, Inc. | 17.45% | 25.08% | -18.12% | 21.58% | -31.33% | 72.33% | 14.74% | 55.87% | -6.25% | 25.94% |
XLRE Real Estate Select Sector SPDR Fund | 13.17% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
Correlation
The correlation between PLD and XLRE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015 | 0.81 |
The correlation between PLD and XLRE has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
PLD vs. XLRE — Risk / Return Rank
PLD
XLRE
PLD vs. XLRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Prologis, Inc. (PLD) 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.
| PLD | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.15 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | 1.34 | +3.05 |
| Martin ratioReturn relative to average drawdown | 14.61 | 3.69 | +10.92 |
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Drawdowns
PLD vs. XLRE - Drawdown Comparison
The maximum PLD drawdown since its inception was -84.70%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for PLD and XLRE.
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Drawdown Indicators
| PLD | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.70% | -38.83% | -45.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -8.33% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -31.37% | -16.74% | -14.63% |
Max Drawdown (5Y)Largest decline over 5 years | -43.30% | -34.12% | -9.18% |
Max Drawdown (10Y)Largest decline over 10 years | -43.30% | -38.83% | -4.47% |
Current DrawdownCurrent decline from peak | -2.77% | 0.00% | -2.77% |
Average DrawdownAverage peak-to-trough decline | -17.36% | -9.58% | -7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.03% | -0.14% |
Volatility
PLD vs. XLRE - Volatility Comparison
Prologis, Inc. (PLD) has a higher volatility of 6.41% compared to Real Estate Select Sector SPDR Fund (XLRE) at 4.81%. This indicates that PLD'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
| PLD | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 4.81% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 10.20% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.46% | 13.83% | +7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.97% | 19.10% | +7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.00% | 20.42% | +6.58% |
Dividends
PLD vs. XLRE - Dividend Comparison
PLD's dividend yield for the trailing twelve months is around 2.76%, less than XLRE's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLD Prologis, Inc. | 2.76% | 3.16% | 3.63% | 2.61% | 2.80% | 1.50% | 2.33% | 2.38% | 3.27% | 2.73% | 3.18% | 3.54% |
XLRE Real Estate Select Sector SPDR Fund | 3.08% | 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
PLD and XLRE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLD has higher volatility (6.41%) compared to XLRE (4.81%). In terms of maximum drawdown, PLD dropped -84.70% vs XLRE's -38.83%.
PLD currently has the higher Sharpe Ratio (1.96 vs 0.81), 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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