UHT vs. XLRE

Last updated Jun 24, 2026

UHT (Universal Health Realty Income Trust) 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, UHT returned 1.84%/yr vs 6.92%/yr for XLRE. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

UHT vs. XLRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Universal Health Realty Income Trust (UHT) and Real Estate Select Sector SPDR Fund (XLRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UHT achieves a 5.98% return, which is significantly lower than XLRE's 12.35% return. Over the past 10 years, UHT has underperformed XLRE with an annualized return of 1.84%, while XLRE has yielded a comparatively higher 6.92% annualized return.

UHT

• 1D: 4.66%
• 1M: -3.57%
• YTD: 5.98%
• 6M: 5.81%
• 1Y: 5.09%
• 3Y*: 2.47%
• 5Y*: -1.94%
• 10Y*: 1.84%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UHT vs. XLRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UHT Universal Health Realty Income Trust	5.98%	13.29%	-7.45%	-3.63%	-15.25%	-3.35%	-43.24%	96.94%	-14.89%	18.83%
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 UHT 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	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015	0.61

The correlation between UHT and XLRE shifts across timeframes, from 0.46 (1 year) to 0.61 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

UHT vs. XLRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UHT

UHT Risk / Return Rank: 48
UHT Sharpe Ratio Rank: 51
UHT Sortino Ratio Rank: 42
UHT Omega Ratio Rank: 42
UHT Calmar Ratio Rank: 51
UHT Martin Ratio Rank: 53

XLRE

XLRE Risk / Return Rank: 22
XLRE Sharpe Ratio Rank: 21
XLRE Sortino Ratio Rank: 19
XLRE Omega Ratio Rank: 19
XLRE Calmar Ratio Rank: 25
XLRE Martin Ratio Rank: 25

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.

UHT vs. XLRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Universal Health Realty Income Trust (UHT) 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.

	UHT	XLRE	Difference
Sharpe ratio: Return per unit of total volatility	0.23	0.70	-0.47
Sortino ratio: Return per unit of downside risk	0.46	1.02	-0.57
Omega ratio: Gain probability vs. loss probability	1.06	1.13	-0.07
Calmar ratio: Return relative to maximum drawdown	0.35	1.18	-0.83
Martin ratio: Return relative to average drawdown	0.90	3.23	-2.33

UHT vs. XLRE - Sharpe Ratio Comparison

The current UHT Sharpe Ratio is 0.23, which is lower than the XLRE Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of UHT 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.

Drawdowns

UHT vs. XLRE - Drawdown Comparison

The maximum UHT drawdown since its inception was -69.20%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for UHT and XLRE.

Drawdown Indicators

	UHT	XLRE	Difference
Max Drawdown Largest peak-to-trough decline	-69.20%	-38.83%	-30.37%
Max Drawdown (1Y) Largest decline over 1 year	-14.43%	-8.33%	-6.10%
Max Drawdown (3Y) Largest decline over 3 years	-30.63%	-16.74%	-13.89%
Max Drawdown (5Y) Largest decline over 5 years	-39.20%	-34.12%	-5.08%
Max Drawdown (10Y) Largest decline over 10 years	-69.20%	-38.83%	-30.37%
Current Drawdown Current decline from peak	-55.18%	-0.72%	-54.46%
Average Drawdown Average peak-to-trough decline	-15.36%	-9.56%	-5.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.68%	3.04%	+2.64%

Volatility

UHT vs. XLRE - Volatility Comparison

Universal Health Realty Income Trust (UHT) has a higher volatility of 9.89% compared to Real Estate Select Sector SPDR Fund (XLRE) at 5.35%. This indicates that UHT'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.

Volatility by Period

	UHT	XLRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.89%	5.35%	+4.54%
Volatility (6M) Calculated over the trailing 6-month period	16.36%	10.63%	+5.73%
Volatility (1Y) Calculated over the trailing 1-year period	22.58%	14.17%	+8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.04%	19.13%	+4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.58%	20.45%	+13.13%

Dividends

UHT vs. XLRE - Dividend Comparison

UHT's dividend yield for the trailing twelve months is around 7.45%, more than XLRE's 3.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UHT Universal Health Realty Income Trust	7.45%	7.55%	7.85%	6.66%	5.95%	4.71%	4.29%	2.32%	4.37%	3.51%	3.96%	5.12%
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

Can I hold both UHT and XLRE in my portfolio?

UHT 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.

Which is riskier, UHT or XLRE?

UHT has higher volatility (9.89%) compared to XLRE (5.35%). In terms of maximum drawdown, UHT dropped -69.20% vs XLRE's -38.83%.

Which has better risk-adjusted returns?

XLRE currently has the higher Sharpe Ratio (0.70 vs 0.23), 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.