SPRE vs. XLRE
Compare and contrast key facts about SP Funds S&P Global REIT Sharia ETF (SPRE) and Real Estate Select Sector SPDR Fund (XLRE).
SPRE and XLRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPRE is a passively managed fund by Toroso Investments that tracks the performance of the S&P Global All Equity REIT Shariah Capped Index. It was launched on Dec 30, 2020. 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. Both SPRE and XLRE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPRE or XLRE.
Performance
SPRE vs. XLRE - Performance Comparison
Returns By Period
In the year-to-date period, SPRE achieves a 7.20% return, which is significantly lower than XLRE's 11.13% return.
SPRE
7.20%
-1.26%
10.07%
21.38%
N/A
N/A
XLRE
11.13%
-0.80%
15.88%
24.74%
6.20%
N/A
Key characteristics
| SPRE | XLRE | |
|---|---|---|
| Sharpe Ratio | 1.30 | 1.49 |
| Sortino Ratio | 1.89 | 2.09 |
| Omega Ratio | 1.23 | 1.26 |
| Calmar Ratio | 0.66 | 0.92 |
| Martin Ratio | 5.17 | 5.74 |
| Ulcer Index | 4.04% | 4.20% |
| Daily Std Dev | 16.09% | 16.23% |
| Max Drawdown | -38.34% | -38.83% |
| Current Drawdown | -17.31% | -7.90% |
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SPRE vs. XLRE - Expense Ratio Comparison
SPRE has a 0.69% expense ratio, which is higher than XLRE's 0.13% expense ratio.
Correlation
The correlation between SPRE and XLRE is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPRE vs. XLRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) 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.
Dividends
SPRE vs. XLRE - Dividend Comparison
SPRE's dividend yield for the trailing twelve months is around 4.01%, more than XLRE's 3.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPRE SP Funds S&P Global REIT Sharia ETF | 4.01% | 4.16% | 4.17% | 2.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLRE Real Estate Select Sector SPDR Fund | 3.18% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Drawdowns
SPRE vs. XLRE - Drawdown Comparison
The maximum SPRE drawdown since its inception was -38.34%, roughly equal to the maximum XLRE drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for SPRE and XLRE. For additional features, visit the drawdowns tool.
Volatility
SPRE vs. XLRE - Volatility Comparison
The current volatility for SP Funds S&P Global REIT Sharia ETF (SPRE) is 4.60%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 5.28%. This indicates that SPRE 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.