XLRE — State Street Real Estate Select Sector SPDR ETF

Overview

The State Street Real Estate Select Sector SPDR ETF (XLRE) is a Real Estate category fund managed by State Street Investment Management. With $8.10 billion in assets under management and a trading price of $44.15, the fund demonstrates significant investor adoption relative to its peers. It carries an expense ratio of 0.08% and offers a dividend yield of 3.19%. Across all tracked categories, the ETF holds an overall rank of #99 out of 120 funds. Its current ETFValuer grade is C, reflecting a score of 53.6 out of 100. This ranking places the fund in the lower half of the 120 tracked ETFs, despite its substantial asset base. The fund operates within a category containing three ETFs tracked by ETFValuer.

The fund's returns show a divergence between short-term fluctuations and longer-term gains. Over the last day, the ETF fell 1.65%, while the one-week return was a modest 0.27%. The one-month period saw a decline of 0.36%, but the three-month horizon reversed this trend with a 6.75% gain. Performance accelerated further over the next six months, reaching a 10.90% return. Year-to-date gains stand at 11.04%, and the one-year return is 10.11%. The three-year return totals 26.09%, indicating sustained growth over the longer horizon despite recent short-term volatility.

XLRE carries a low volatility label and a beta of 0.99, suggesting price movements that closely mirror the broader market. The fund's Sharpe ratio is 0.36, indicating a moderate risk-adjusted return profile. During market downturns, the ETF experienced a maximum drawdown of -16.74%. This combination of a beta near 1.0 and a low volatility rating implies the fund generally tracks market direction without extreme amplification of swings. The Sharpe ratio of 0.36 suggests that the returns generated have not fully compensated for the risk taken relative to a risk-free rate. The maximum drawdown figure highlights the potential magnitude of loss during adverse market conditions.

AI-generated summary based on the data on this page.

XLRE Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLRE Performance History

How XLRE Compares to Other Real Estate ETFs