REET vs. XLRE
REET (iShares Global REIT ETF) and XLRE (Real Estate Select Sector SPDR Fund) are both REIT funds - REET tracks the FTSE EPRA/NAREIT Global REIT Index while XLRE tracks the Real Estate Select Sector Index. Both are passively managed. Over the past 10 years, REET returned 4.37%/yr vs 6.92%/yr for XLRE. Their correlation of 0.91 suggests significant overlap in exposure. REET charges 0.14%/yr vs 0.13%/yr for XLRE.
Performance
REET vs. XLRE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REET achieves a 11.67% return, which is significantly lower than XLRE's 12.35% return. Over the past 10 years, REET has underperformed XLRE with an annualized return of 4.37%, while XLRE has yielded a comparatively higher 6.92% annualized return.
REET
- 1D
- 0.77%
- 1M
- 1.11%
- YTD
- 11.67%
- 6M
- 12.03%
- 1Y
- 14.10%
- 3Y*
- 11.63%
- 5Y*
- 2.85%
- 10Y*
- 4.37%
XLRE
- 1D
- 1.41%
- 1M
- 1.06%
- YTD
- 12.35%
- 6M
- 12.83%
- 1Y
- 9.79%
- 3Y*
- 11.31%
- 5Y*
- 3.53%
- 10Y*
- 6.92%
REET vs. XLRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REET iShares Global REIT ETF | 11.67% | 7.97% | 2.65% | 10.28% | -24.10% | 32.43% | -10.48% | 24.42% | -5.27% | 7.48% |
XLRE Real Estate Select Sector SPDR Fund | 12.35% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
Correlation
The correlation between REET and XLRE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015 | 0.91 |
The correlation between REET and XLRE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REET vs. XLRE — Risk / Return Rank
REET
XLRE
REET vs. XLRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) 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.
| REET | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.13 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.18 | +0.39 |
| Martin ratioReturn relative to average drawdown | 5.60 | 3.23 | +2.37 |
Loading charts...
Drawdowns
REET vs. XLRE - Drawdown Comparison
The maximum REET drawdown since its inception was -44.59%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for REET and XLRE.
Loading charts...
Drawdown Indicators
| REET | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -38.83% | -5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -8.33% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -16.74% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -32.11% | -34.12% | +2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -44.59% | -38.83% | -5.76% |
Current DrawdownCurrent decline from peak | -0.66% | -0.72% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -9.56% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.04% | -0.52% |
Volatility
REET vs. XLRE - Volatility Comparison
The current volatility for iShares Global REIT ETF (REET) is 4.36%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 5.35%. This indicates that REET 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.
Loading charts...
Volatility by Period
| REET | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 5.35% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 10.63% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 14.17% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 19.13% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 20.45% | -1.60% |
REET vs. XLRE - Expense Ratio Comparison
REET has a 0.14% expense ratio, which is higher than XLRE's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
REET vs. XLRE - Dividend Comparison
REET's dividend yield for the trailing twelve months is around 3.37%, more than XLRE's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REET iShares Global REIT ETF | 3.37% | 3.67% | 3.64% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% |
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
With a correlation of 0.91, REET and XLRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
XLRE has higher volatility (5.35%) compared to REET (4.36%). In terms of maximum drawdown, REET dropped -44.59% vs XLRE's -38.83%.
On 10-year performance, XLRE leads with 6.92% vs 4.37% for REET. On fees, XLRE is cheaper at 0.13% per year. On volatility, REET has been the lower-risk option at 4.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XLRE has performed better with a 6.92% return vs 4.37%. 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 0.14% for REET.
REET has the higher dividend yield at 3.37%, compared with 3.15% for XLRE.
REET tracks FTSE EPRA/NAREIT Global REIT Index, while XLRE tracks Real Estate Select Sector Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.14% for REET and 0.13% for XLRE.
REET currently has the higher Sharpe Ratio (1.14 vs 0.70), 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.
Find the right allocation for REET and XLRE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer