XLRE: Real Estate Select Sector SPDR Fund returns, drawdowns and risk
Funds on listed real estate companies (REITs), in the US and abroad.
Data updated October 2026
XLRE · US exchange · USDCategory: Real estate (REIT) ETFsData from June 2020
From June 2020 to October 2026 XLRE returned 6.2% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $14,715.
Its deepest fall was 34.1%, from December 2021 to October 2023, and it took about 53 months to get back to the previous high. Annual volatility was 19.0%; at the last close it was 7.8% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 76 months both have data, the correlation of monthly returns was 0.78: they usually moved together. Beta was 0.93. In months when SPY rose, XLRE moved 78% as much on average; in months when SPY fell, 115% as much.
Key figures
- Annual return (CAGR)
- +6.2%
- 1-year return
- +2.8%
- 5 years, a year
- +1.0%
- 10 years, a year
- —
- Annual volatility
- 19.0%
- Maximum drawdown
- −34.1%
- Sharpe ratio
- 0.27
- Worst year
- 2022: −26.2%
Trailing returns
| Period | XLRE | SPY |
|---|---|---|
| 1 year | +2.8% | +16.6% |
| 3 years, a year | +12.5% | +23.1% |
| 5 years, a year | +1.0% | +12.7% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: XLRE vs SPY
Month-end values from July 2020, the first month both funds have data.
XLRE drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | XLRE | SPY |
|---|---|---|
| 2026(partial) | +6.8% | +13.3% |
| 2025 | +2.6% | +17.7% |
| 2024 | +5.1% | +24.9% |
| 2023 | +12.4% | +26.2% |
| 2022 | −26.2% | −18.2% |
| 2021 | +46.1% | +28.7% |
| 2020(partial) | +5.5% | — |
XLRE compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of XLRE?
From June 2020 to October 2026 XLRE returned 6.2% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +1.0% a year. Over the last 12 months: +2.8%.
What was the worst drawdown of XLRE?
34.1%, from December 2021 to October 2023; it took about 53 months from the previous high to get back to it.
How volatile is XLRE?
Annual volatility was 19.0% over the period. Its worst month was −13.2% and 58% of months were positive. Worst calendar year: 2022 (−26.2%).
How closely does XLRE follow SPY?
Over 76 months the correlation of monthly returns was 0.78, so they usually moved together, with a beta of 0.93.
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Other Real estate (REIT) ETFs
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.