XLRE — State Street Real Estate Select Sector SPDR ETF

XLRE Price Performance — Growth of $10,000

Value of a $10,000 investment in XLRE over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XLRE Drawdown

The "underwater" chart: XLRE's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street Real Estate Select Sector SPDR ETF (XLRE) is a Real Estate category fund issued by State Street Investment Management with $7.65 billion in assets. It holds a C grade and ranks 4th out of 11 peers in its category, placing it 322nd among all 458 tracked ETFs overall. The fund’s 0.08% expense ratio sits below the category median of 0.13%, while its 3.56% dividend yield trails the median of 3.61%. Top ten holdings comprise 59.1% of assets, with Welltower Inc representing the largest single position at 11.0%.

Price action shows the fund trading at $40.57, which is 12.6% of the way through its 52-week range. Short-term returns have been negative, with one-month and three-month figures of -6.81% and -7.50% respectively. In contrast, longer-term performance remains positive, with year-to-date returns at +2.89% and three-year total returns at +30.90%. The one-year return of +0.82% slightly underperformed the category median of +1.20%. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, based on 3.0 years of available price history.

The fund exhibits a beta of 0.98 and an annualized volatility of 14.16%, which is labeled as Low. A maximum drawdown of -16.57% indicates the peak-to-trough decline during the measured period. The Sharpe ratio of -0.30 suggests that risk-adjusted returns have been negative relative to the risk-free rate. Liquidity is supported by an average daily volume of 5,374,666 shares. These metrics collectively describe a fund that has experienced moderate volatility and negative risk-adjusted performance over the observed timeframe.

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

XLRE Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 59.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XLRE's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLRE

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLRE's top 10 — FREL overlaps most, holding 10 of the same companies as XLRE's top 10 (59.1% of XLRE's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLRE Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 5.4M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $7.65B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLRE is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XLRE Performance History

How XLRE Compares to Other Real Estate ETFs