XLRE
Real Estate Select Sector SPDR Fund
Select Sector SPDR® holding S&P 500 stocks in the Real Estate sector. Component industries Real Estate Investment Trusts, excluding Mortgage REITS. The fund seeks investment results that, before expenses, generally correspond to the price and yield performance of the benchmark index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
7.6 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 07, 2015 |
| Assets (mns) | $7,597 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PROLOGIS INC | 9.6 % |
| AMERICAN TOWER CORP-CL A | 8.4 % |
| EQUINIX INC | 7.8 % |
| WELLTOWER, INC. | 7.2 % |
| DIGITAL REALTY TRUST INC | 5.0 % |
| SIMON PROPERTY GROUP INC | 5.0 % |
| PUBLIC STORAGE | 4.8 % |
| REALTY INCOME CORP | 4.5 % |
| CROWN CASTLE INTL CORP | 4.1 % |
| CBRE GROUP, INC. CLASS A | 3.6 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 484 |
| Wgt avg mkt cap (mns) | $49,611 |
| Large cap (>$10bn) | 99.2% |
| Mid cap ($2-10bn) | 0.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.4% | 35.0% | 12.8% | 0.3% | 5.5% | -- | 7.5% | Volatility | 15.9% | 17.2% | 19.3% | 21.0% | 25.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 72% |
| MSCI EAFE | 1.04 | 69% |
| MSCI Emg Mkts | 0.85 | 45% |
Liquidity Measures
| Avg. volume (000) | 5,435 |
| Turnover | 3.1% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $6,635 |
Technical Indicators
| Recent close | $43.76 |
| 30d moving avg. | $44.06 |
| Annualized volatility | 22.1% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 2.5% |
| Short interest (underlying) | 2.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XLRE |
Expenses vs. XLRE |
ALTAR Score™ vs. XLRE |
|---|---|---|---|---|
| ICF | iShares Cohen & Steers REIT ETF | 83.5% | +24 bp | -0.2% |
| IYR | iShares U.S. Real Estate ETF | 80.9% | +31 bp | +0.1% |
| DFAR | Dimensional US Real Estate ETF | 74.6% | +10 bp | +0.4% |
| SCHH | Schwab U.S. REIT ETF | 74.6% | -2 bp | +0.6% |
| FREL | Fidelity MSCI Real Estate Index ETF | 74.3% | -1 bp | +0.2% |
| VNQ | Vanguard Real Estate ETF | 73.5% | +3 bp | +0.2% |
| RSPR | Invesco S&P 500 Equal Weight Real Estate ETF | 72.5% | +31 bp | +0.2% |
| USRT | iShares Core U.S. REIT ETF | 71.4% | -1 bp | +0.4% |
| FRI | First Trust S&P REIT Index Fund | 69.3% | +41 bp | 0.0% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 68.9% | +2 bp | +0.4% |
Risk and Returns: XLRE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XLRE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
XLRE
5.9%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. XLRE's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places XLRE in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XLRESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| XLRE (9 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XLRE | 9.0 | 2.8 | 11.8 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .