Tearsheet

State Street Real Estate Select Sector SPDR ETF (XLRE)


Market Price (5/23/2026): $44.57

State Street Real Estate Select Sector SPDR ETF (XLRE)


Market Price (5/23/2026): $44.57

Asset Allocation with XLRE


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Price Chart

Valuation & Yield

 5/23/2620252024202320222021
Share Price CYE$44.56$40.08$39.05$37.16$33.07$44.85
Dividend/Share TTM$1.40$1.39$1.40$1.33$1.37$1.35

Valuation [1]
      
P/S TTM5.565.696.236.436.179.53
P/E TTM31.0834.3040.9437.9530.7742.36

Yields TTM
      
Earnings Yield3.22%2.92%2.44%2.64%3.25%2.36%
Dividend Yield3.14%3.47%3.57%3.57%4.13%3.02%
Total Yield (TY)6.36%6.39%6.02%6.21%7.38%5.38%

Risk Premium [2]
      
Risk Free Rate (Rf)4.57%4.18%4.58%3.88%3.88%1.52%
Risk Prem. (TY - Rf)1.79%2.21%1.44%2.33%3.50%3.86%

[1] P/E uses aggregate method (profitable constituents only); P/S uses all constituents. Ratios reflect current ETF holdings at current weights.
[2] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.

Top 20 Holdings for XLRE

Total Weights
Top 5: 37.0% | Top 10: 58.6% | Top 20: 85.8%

TickerHoldingWeight
WELLWelltower10.27%
PLDPrologis9.16%
EQIXEquinix7.23%
AMTAmerican Tower5.75%
SPGSimon Property4.60%
DLRDigital Realty Trust4.54%
VTRVentas4.45%
PSAPublic Storage4.30%
CCICrown Castle4.16%
ORealty Income4.15%
CBRECBRE4.03%
IRMIron Mountain3.90%
VICIVICI Properties3.31%
EXRExtra Space Storage3.14%
AVBAvalonBay Communities2.79%
EQREquity Residential2.39%
SBACSBA Communications2.30%
ESSEssex Property Trust1.86%
WYWeyerhaeuser1.75%
INVHInvitation Homes1.72%

Performance for XLRE Top Holdings

TickerHoldingWeightMkt Price
5/22
1D Rtn1M RtnYTD Rtn1Y Rtn3Y Rtn5Y Rtn10Y Rtn
XLREState Street Real Estate Select Sector SPDR ETF100.00%44.560.1%2.5%11.2%13.5%37.2%24.1%98.4%
WELLWelltower10.27%216.170.1%8.6%17.3%49.4%202.0%233.7%352.5%
PLDPrologis9.16%145.900.9%3.2%15.2%43.7%29.9%43.1%310.5%
EQIXEquinix7.23%1,079.790.1%-1.6%42.4%27.4%65.1%64.3%269.3%
AMTAmerican Tower5.75%183.850.0%4.3%5.8%-9.3%8.4%-14.4%124.2%
SPGSimon Property4.60%204.41-0.2%1.4%11.7%35.9%130.0%118.0%71.4%
DLRDigital Realty Trust4.54%192.03-1.2%-4.4%25.0%17.7%134.3%51.0%187.9%
VTRVentas4.45%88.180.2%10.1%14.7%42.3%118.4%92.9%104.6%
PSAPublic Storage4.30%305.250.1%0.1%18.8%7.6%20.0%37.0%78.9%
CCICrown Castle4.16%91.46-0.6%6.3%4.2%-4.2%-4.5%-37.6%52.0%
ORealty Income4.15%62.02-0.3%-1.7%11.9%18.7%21.9%23.7%72.0%
CBRECBRE4.03%131.070.0%-14.6%-18.5%8.8%72.2%50.3%349.2%
IRMIron Mountain3.90%126.46-0.7%7.9%53.7%36.6%156.1%259.8%499.9%
VICIVICI Properties3.31%28.50-0.1%1.1%3.0%-3.1%8.5%19.8% 
EXRExtra Space Storage3.14%143.30-0.4%1.4%11.3%3.6%10.4%19.4%127.2%
AVBAvalonBay Communities2.79%185.650.8%8.4%3.5%-3.5%17.9%9.9%44.7%
EQREquity Residential2.39%66.200.7%7.3%7.5%1.3%23.0%7.1%46.3%
SBACSBA Communications2.30%205.57-0.6%-2.4%7.6%-7.8%-5.0%-23.6%128.9%
ESSEssex Property Trust1.86%276.701.1%9.7%7.9%5.1%46.9%14.9%72.4%
WYWeyerhaeuser1.75%23.660.6%-4.5%0.7%-3.0%-11.4%-21.6%12.0%
INVHInvitation Homes1.72%29.290.9%9.8%6.7%-7.7%-2.1%-3.2% 

Guidance Updates for XLRE Top Holdings

 TickerCompanyEarnings DateGuidance MetricMidpoint Value% ChangeGuidance Change
IRM_2122026IRMIron Mountain2/12/20262026 Revenue7.70 Bil12.2%Higher NewNew Guidance Higher than Prior Actual of 6.87 Bil for 2025

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
XLRE Return46%-26%12%5%3%11%45%
Peers Return39%-25%12%5%4%12%42%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
XLRE Win Rate83%33%50%67%58%80% 
Peers Win Rate78%33%50%67%60%76% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
XLRE Max Drawdown-8%-33%-21%-11%-14%-8% 
Peers Max Drawdown-8%-32%-21%-11%-15%-8% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VNQ, SCHH, IYR, REET, USRT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
XLRE0.570.360.12
Real Estate Top Results (3Y)   
USRT1.050.480.20
SCHH0.790.380.11
REET1.030.370.06
VNQ0.710.360.08
XLRE0.570.360.12

Results as of 4302026.

How Low Can It Go

EventXLRES&P 500
2025 US Tariff Shock
  % Loss-11.8%-18.8%
  % Gain to Breakeven13.3%23.1%
  Time to Breakeven41 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-16.1%-9.5%
  % Gain to Breakeven19.2%10.5%
  Time to Breakeven49 days24 days
2023 SVB Regional Banking Crisis
  % Loss-13.9%-6.7%
  % Gain to Breakeven16.1%7.1%
  Time to Breakeven266 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-32.7%-24.5%
  % Gain to Breakeven48.6%32.4%
  Time to Breakeven1281 days427 days
2020 COVID-19 Crash
  % Loss-37.8%-33.7%
  % Gain to Breakeven60.8%50.9%
  Time to Breakeven368 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-11.4%-3.7%
  % Gain to Breakeven12.8%3.9%
  Time to Breakeven216 days6 days

Compare to VNQ, SCHH, IYR, REET, USRT

In The Past

State Street Real Estate Select Sector SPDR ETF's stock fell -11.8% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

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EventXLRES&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-32.7%-24.5%
  % Gain to Breakeven48.6%32.4%
  Time to Breakeven1281 days427 days
2020 COVID-19 Crash
  % Loss-37.8%-33.7%
  % Gain to Breakeven60.8%50.9%
  Time to Breakeven368 days140 days

Compare to VNQ, SCHH, IYR, REET, USRT

In The Past

State Street Real Estate Select Sector SPDR ETF's stock fell -11.8% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

XLRE Dip Buy History


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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
NOBLProShares S&P 500 Dividend Aristocrats ETF-5.4%107.835222026114.03301202682
ARKKARK Innovation ETF-8.2%76.40522202683.211132026129
URAGlobal X Uranium ETF-20.8%48.96522202661.811282026114
LITGlobal X Lithium & Battery Tech ETF-6.9%85.28522202691.62511202611
CGBLCapital Group Core Balanced ETF-6.2%34.41522202636.67225202686
XLFState Street Financial Select Sector SPDR ETF-7.4%51.94522202656.111062026136
XLVState Street Health Care Select Sector SPDR ETF-6.1%149.895222026159.54301202682
XLPState Street Consumer Staples Select Sector SPDR ETF-5.3%84.80522202689.51301202682
XLBState Street Materials Select Sector SPDR ETF-5.8%50.29522202653.382112026100
XBIState Street SPDR S&P Biotech ETF-5.1%131.665222026138.67419202633
ITAiShares U.S. Aerospace & Defense ETF-10.0%225.375222026250.42302202681
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-8.6%171.955222026188.18329202654
TLTiShares 20+ Year Treasury Bond ETF-6.1%84.68522202690.16301202682
VGLTVanguard Long-Term Treasury ETF-5.4%54.13522202657.20301202682
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.8%25.71522202627.28301202682
TLHiShares 10-20 Year Treasury Bond ETF-5.3%98.735222026104.25301202682
EDVVanguard World Funds Extended Duration ETF-8.4%62.59522202668.33301202682
GSGiShares GSCI Commodity-5.8%30.01522202631.85318202665
GLDSPDR Gold Trust-16.6%413.825222026495.901292026113
IAUiShares Gold Trust-16.5%84.815222026101.571292026113
GLDMSPDR Gold MiniShares Trust-16.4%89.215222026106.771292026113
SGOLETFS Physical Swiss Gold Shares-13.1%44.66522202651.411292026113
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34522202653.161292026113
SLViShares Silver Trust-35.3%68.365222026105.601282026114
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.395222026110.871282026114
PPLTETFS Physical Platinum Shares-30.7%17.47522202625.231252026117
CPERUnited States Copper Index Fund ETV-13.9%33.33522202638.711292026113
PALLETFS Physical Palladium Shares-34.1%24.52522202637.181282026114
USOUnited States Oil Fund LP-7.9%140.925222026152.9651920263
UNGUnited States Natural Gas Fund LP-35.3%10.94522202616.902012026110
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85522202660.13504202618
IBITiShares Bitcoin Trust ETF-22.5%42.96522202655.441142026128
FBTCFidelity Wise Origin Bitcoin Fund-22.5%65.98522202685.121142026128
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84522202676.311142026128
ETHAiShares Ethereum Trust ETF-39.2%15.57522202625.591142026128

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About XLRE

0Holdings Count: 31
Expense Ratio: 0.08%
Inception Date: 2015-10-07
State Street Real Estate Select Sector SPDR ETF
The State Street Real Estate Select Sector SPDR ETF seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Real Estate Select Sector Index (the "Index")The Index seeks to provide an effective representation of the real estate sector of the S&P 500 IndexSeeks to provide precise exposure to companies from real estate management and development and REITs, excluding mortgage REITsAllows investors to take strategic or tactical positions at a more targeted level than traditional style based investing
Asset Class: Equity | ETF Website

Recent Active Movers

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity6.4 Mil
Short Interest: % Change Since 41520262.9%
Average Daily Volume5.1 Mil
Days-to-Cover Short Interest1.2 days