XLRE vs. BIL
XLRE (Real Estate Select Sector SPDR Fund) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - XLRE is a REIT fund tracking the Real Estate Select Sector Index, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 10 years, XLRE returned 6.68%/yr vs 2.18%/yr for BIL. At a correlation of -0.01, they often move in opposite directions. XLRE charges 0.13%/yr vs 0.14%/yr for BIL.
Performance
XLRE vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, XLRE achieves a 8.56% return, which is significantly higher than BIL's 1.49% return. Over the past 10 years, XLRE has outperformed BIL with an annualized return of 6.68%, while BIL has yielded a comparatively lower 2.18% annualized return.
XLRE
- 1D
- 0.05%
- 1M
- -1.29%
- YTD
- 8.56%
- 6M
- 7.82%
- 1Y
- 8.12%
- 3Y*
- 9.43%
- 5Y*
- 2.86%
- 10Y*
- 6.68%
BIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.49%
- 6M
- 1.77%
- 1Y
- 3.87%
- 3Y*
- 4.64%
- 5Y*
- 3.41%
- 10Y*
- 2.18%
XLRE vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLRE Real Estate Select Sector SPDR Fund | 8.56% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.49% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Correlation
The correlation between XLRE and BIL is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | -0.01 |
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Return for Risk
XLRE vs. BIL — Risk / Return Rank
XLRE
BIL
XLRE vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Real Estate Select Sector SPDR Fund (XLRE) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). 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.
| XLRE | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.10 | ||
| Sortino ratioReturn per unit of downside risk | -173.26 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 87.91 | -86.79 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 355.35 | -354.37 |
| Martin ratioReturn relative to average drawdown | 2.69 | 2,817.77 | -2,815.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLRE | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 19.71 | -19.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 13.16 | -13.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 8.52 | -8.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 2.78 | -2.43 |
Drawdowns
XLRE vs. BIL - Drawdown Comparison
The maximum XLRE drawdown since its inception was -38.83%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for XLRE and BIL.
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Drawdown Indicators
| XLRE | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -0.78% | -38.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -0.01% | -8.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -0.01% | -16.73% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -0.10% | -34.02% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -0.21% | -38.62% |
Current DrawdownCurrent decline from peak | -2.98% | 0.00% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -0.26% | -9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.00% | +3.03% |
Volatility
XLRE vs. BIL - Volatility Comparison
Real Estate Select Sector SPDR Fund (XLRE) has a higher volatility of 3.71% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that XLRE's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLRE | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 0.05% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 0.13% | +9.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 0.20% | +13.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 0.26% | +18.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 0.26% | +20.14% |
XLRE vs. BIL - Expense Ratio Comparison
XLRE has a 0.13% expense ratio, which is lower than BIL's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XLRE vs. BIL - Dividend Comparison
XLRE's dividend yield for the trailing twelve months is around 3.22%, less than BIL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
XLRE Real Estate Select Sector SPDR Fund | 3.22% | 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
XLRE and BIL have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLRE has higher volatility (3.71%) compared to BIL (0.05%). In terms of maximum drawdown, XLRE dropped -38.83% vs BIL's -0.78%.
On 10-year performance, XLRE leads with 6.68% vs 2.18% for BIL. On fees, XLRE is cheaper at 0.13% per year. On volatility, BIL has been the lower-risk option at 0.05%. 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 6.68% return vs 2.18%. 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 BIL.
BIL has the higher dividend yield at 3.86%, compared with 3.22% for XLRE.
XLRE is categorized as REIT, while BIL is Government Bonds. XLRE tracks Real Estate Select Sector Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. Their fees differ too: 0.13% for XLRE and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.71 vs 0.61), 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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