XLG vs. XLRE
XLG (Invesco S&P 500 Top 50 ETF) and XLRE (Real Estate Select Sector SPDR Fund) are both exchange-traded funds - XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index, while XLRE is a REIT fund tracking the Real Estate Select Sector Index. Both are passively managed. Over the past 10 years, XLG returned 17.23%/yr vs 6.91%/yr for XLRE. At a 0.45 correlation, their price movements are largely independent. XLG charges 0.20%/yr vs 0.13%/yr for XLRE.
Performance
XLG vs. XLRE - Performance Comparison
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Returns By Period
In the year-to-date period, XLG achieves a 5.56% return, which is significantly lower than XLRE's 12.25% return. Over the past 10 years, XLG has outperformed XLRE with an annualized return of 17.23%, while XLRE has yielded a comparatively lower 6.91% annualized return.
XLG
- 1D
- 1.88%
- 1M
- -1.70%
- YTD
- 5.56%
- 6M
- 6.64%
- 1Y
- 25.51%
- 3Y*
- 22.53%
- 5Y*
- 15.57%
- 10Y*
- 17.23%
XLRE
- 1D
- -0.82%
- 1M
- 4.07%
- YTD
- 12.25%
- 6M
- 11.92%
- 1Y
- 11.14%
- 3Y*
- 9.79%
- 5Y*
- 3.41%
- 10Y*
- 6.91%
XLG vs. XLRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500 Top 50 ETF | 5.56% | 19.51% | 33.49% | 38.16% | -24.29% | 30.77% | 24.15% | 32.04% | -3.59% | 23.04% |
XLRE Real Estate Select Sector SPDR Fund | 12.25% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
Correlation
The correlation between XLG and XLRE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015 | 0.45 |
Over the past year, the correlation between XLG and XLRE has dropped to 0.09 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
XLG vs. XLRE — Risk / Return Rank
XLG
XLRE
XLG vs. XLRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Top 50 ETF (XLG) 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.
| XLG | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.34 | +0.72 |
| Martin ratioReturn relative to average drawdown | 7.55 | 3.69 | +3.86 |
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Drawdowns
XLG vs. XLRE - Drawdown Comparison
The maximum XLG drawdown since its inception was -52.39%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for XLG and XLRE.
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Drawdown Indicators
| XLG | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -38.83% | -13.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -8.33% | -4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -20.70% | -16.74% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -28.02% | -34.12% | +6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -30.46% | -38.83% | +8.37% |
Current DrawdownCurrent decline from peak | -3.28% | -0.82% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -9.58% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 3.03% | +0.36% |
Volatility
XLG vs. XLRE - Volatility Comparison
The current volatility for Invesco S&P 500 Top 50 ETF (XLG) is 4.58%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 4.83%. This indicates that XLG 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.
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Volatility by Period
| XLG | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 4.83% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 10.23% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.78% | 13.85% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 19.11% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 20.43% | -1.55% |
XLG vs. XLRE - Expense Ratio Comparison
XLG has a 0.20% 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
XLG vs. XLRE - Dividend Comparison
XLG's dividend yield for the trailing twelve months is around 0.61%, less than XLRE's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500 Top 50 ETF | 0.61% | 0.64% | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% |
XLRE Real Estate Select Sector SPDR Fund | 3.11% | 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
XLG and XLRE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLRE has higher volatility (4.83%) compared to XLG (4.58%). In terms of maximum drawdown, XLG dropped -52.39% vs XLRE's -38.83%.
On 10-year performance, XLG leads with 17.23% vs 6.91% for XLRE. On fees, XLRE is cheaper at 0.13% per year. On volatility, XLG has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XLG has performed better with a 17.23% return vs 6.91%. 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 0.20% for XLG.
XLRE has the higher dividend yield at 3.11%, compared with 0.61% for XLG.
XLG is categorized as S&P 500, while XLRE is REIT. XLG tracks S&P 500 Top 50 Index, while XLRE tracks Real Estate Select Sector Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for XLG and 0.13% for XLRE.
XLG currently has the higher Sharpe Ratio (1.86 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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