XLRE vs. URE
Compare and contrast key facts about Real Estate Select Sector SPDR Fund (XLRE) and ProShares Ultra Real Estate (URE).
XLRE and URE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. URE is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Real Estate Index (200%). It was launched on Jan 30, 2007. Both XLRE and URE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XLRE vs. URE - Performance Comparison
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XLRE vs. URE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLRE Real Estate Select Sector SPDR Fund | 2.17% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
URE ProShares Ultra Real Estate | 2.38% | -3.65% | 0.35% | 11.58% | -49.64% | 88.24% | -28.06% | 57.86% | -13.80% | 16.56% |
Returns By Period
In the year-to-date period, XLRE achieves a 2.17% return, which is significantly lower than URE's 2.38% return. Over the past 10 years, XLRE has outperformed URE with an annualized return of 5.98%, while URE has yielded a comparatively lower 1.93% annualized return.
XLRE
- 1D
- 0.29%
- 1M
- -6.14%
- YTD
- 2.17%
- 6M
- -1.08%
- 1Y
- 1.18%
- 3Y*
- 6.70%
- 5Y*
- 3.78%
- 10Y*
- 5.98%
URE
- 1D
- 0.74%
- 1M
- -12.45%
- YTD
- 2.38%
- 6M
- -5.82%
- 1Y
- -6.19%
- 3Y*
- 3.57%
- 5Y*
- -2.54%
- 10Y*
- 1.93%
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XLRE vs. URE - Expense Ratio Comparison
XLRE has a 0.13% expense ratio, which is lower than URE's 0.95% expense ratio.
Return for Risk
XLRE vs. URE — Risk / Return Rank
XLRE
URE
XLRE vs. URE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Real Estate Select Sector SPDR Fund (XLRE) and ProShares Ultra Real Estate (URE). 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 | URE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | -0.19 | +0.26 |
Sortino ratioReturn per unit of downside risk | 0.21 | -0.05 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.99 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.26 | +0.37 |
Martin ratioReturn relative to average drawdown | 0.37 | -0.79 | +1.16 |
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 | URE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | -0.19 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.07 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.05 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | -0.07 | +0.39 |
Correlation
The correlation between XLRE and URE is 0.97, 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.
Dividends
XLRE vs. URE - Dividend Comparison
XLRE's dividend yield for the trailing twelve months is around 3.42%, more than URE's 2.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLRE Real Estate Select Sector SPDR Fund | 3.42% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
URE ProShares Ultra Real Estate | 2.29% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
Drawdowns
XLRE vs. URE - Drawdown Comparison
The maximum XLRE drawdown since its inception was -38.83%, smaller than the maximum URE drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for XLRE and URE.
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Drawdown Indicators
| XLRE | URE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -97.16% | +58.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -22.93% | +11.05% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -63.66% | +29.54% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -70.49% | +31.66% |
Current DrawdownCurrent decline from peak | -8.69% | -57.49% | +48.80% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -64.63% | +54.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 7.62% | -4.23% |
Volatility
XLRE vs. URE - Volatility Comparison
The current volatility for Real Estate Select Sector SPDR Fund (XLRE) is 4.66%, while ProShares Ultra Real Estate (URE) has a volatility of 9.32%. This indicates that XLRE experiences smaller price fluctuations and is considered to be less risky than URE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLRE | URE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 9.32% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 19.04% | -9.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.32% | 32.48% | -16.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 37.23% | -18.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 40.49% | -20.09% |