XLRE vs. DBP
XLRE (Real Estate Select Sector SPDR Fund) and DBP (Invesco DB Precious Metals Fund) are both exchange-traded funds - XLRE is a REIT fund tracking the Real Estate Select Sector Index, while DBP is a Precious Metals fund tracking the DBIQ Optimum Yield Precious Metals Index Excess Return. Both are passively managed. Over the past 10 years, XLRE returned 7.15%/yr vs 11.21%/yr for DBP. At a 0.13 correlation, their price movements are largely independent. XLRE charges 0.13%/yr vs 0.78%/yr for DBP.
Performance
XLRE vs. DBP - Performance Comparison
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Returns By Period
In the year-to-date period, XLRE achieves a 13.17% return, which is significantly higher than DBP's -3.82% return. Over the past 10 years, XLRE has underperformed DBP with an annualized return of 7.15%, while DBP has yielded a comparatively higher 11.21% annualized return.
XLRE
- 1D
- 0.98%
- 1M
- 3.30%
- YTD
- 13.17%
- 6M
- 13.29%
- 1Y
- 12.05%
- 3Y*
- 10.41%
- 5Y*
- 3.32%
- 10Y*
- 7.15%
DBP
- 1D
- 0.09%
- 1M
- -11.93%
- YTD
- -3.82%
- 6M
- -0.66%
- 1Y
- 30.66%
- 3Y*
- 29.99%
- 5Y*
- 16.18%
- 10Y*
- 11.21%
XLRE vs. DBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLRE Real Estate Select Sector SPDR Fund | 13.17% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
DBP Invesco DB Precious Metals Fund | -3.82% | 73.43% | 26.71% | 8.68% | -1.51% | -7.10% | 26.79% | 15.89% | -4.31% | 10.58% |
Correlation
The correlation between XLRE and DBP is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015 | 0.13 |
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Return for Risk
XLRE vs. DBP — Risk / Return Rank
XLRE
DBP
XLRE vs. DBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Real Estate Select Sector SPDR Fund (XLRE) and Invesco DB Precious Metals Fund (DBP). 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.
| XLRE | DBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.07 | +0.27 |
| Martin ratioReturn relative to average drawdown | 3.69 | 2.77 | +0.92 |
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Drawdowns
XLRE vs. DBP - Drawdown Comparison
The maximum XLRE drawdown since its inception was -38.83%, smaller than the maximum DBP drawdown of -53.89%. Use the drawdown chart below to compare losses from any high point for XLRE and DBP.
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Drawdown Indicators
| XLRE | DBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -53.89% | +15.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -30.03% | +21.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -30.03% | +13.29% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -30.03% | -4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -30.03% | -8.80% |
Current DrawdownCurrent decline from peak | 0.00% | -27.52% | +27.52% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -25.42% | +15.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 11.56% | -8.53% |
Volatility
XLRE vs. DBP - Volatility Comparison
The current volatility for Real Estate Select Sector SPDR Fund (XLRE) is 4.81%, while Invesco DB Precious Metals Fund (DBP) has a volatility of 9.06%. This indicates that XLRE experiences smaller price fluctuations and is considered to be less risky than DBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLRE | DBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 9.06% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 30.70% | -20.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 33.35% | -19.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 21.14% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 18.84% | +1.58% |
XLRE vs. DBP - Expense Ratio Comparison
XLRE has a 0.13% expense ratio, which is lower than DBP's 0.78% expense ratio.
Dividends
XLRE vs. DBP - Dividend Comparison
XLRE's dividend yield for the trailing twelve months is around 3.08%, more than DBP's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 2.53% | 2.44% | 4.21% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% | 0.00% | 0.00% |
XLRE Real Estate Select Sector SPDR Fund | 3.08% | 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 DBP have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBP has higher volatility (9.06%) compared to XLRE (4.81%). In terms of maximum drawdown, XLRE dropped -38.83% vs DBP's -53.89%.
On 10-year performance, DBP leads with 11.21% vs 7.15% for XLRE. On fees, XLRE is cheaper at 0.13% per year. On volatility, XLRE has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBP has performed better with a 11.21% return vs 7.15%. 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 0.78% for DBP.
XLRE has the higher dividend yield at 3.08%, compared with 2.53% for DBP.
XLRE is categorized as REIT, while DBP is Precious Metals. XLRE tracks Real Estate Select Sector Index, while DBP tracks DBIQ Optimum Yield Precious Metals Index Excess Return. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.13% for XLRE and 0.78% for DBP.
DBP currently has the higher Sharpe Ratio (0.96 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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