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

7.1 B

ASSETS UNDER MGMT

9 bp

EXPENSES
Fund Basics
Fund sponsorState Street Global Advisors
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 07, 2015
Assets (mns)$7,091
Expense ratio9 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
PROLOGIS INC 9.4 %
AMERICAN TOWER CORP-CL A 8.4 %
EQUINIX INC 8.4 %
WELLTOWER, INC. 6.9 %
DIGITAL REALTY TRUST INC 5.2 %
SIMON PROPERTY GROUP INC 5.0 %
PUBLIC STORAGE 4.6 %
REALTY INCOME CORP 4.4 %
CROWN CASTLE INTL CORP 3.9 %
CBRE GROUP, INC. CLASS A 3.8 %
Constituent Breakdown
Number of holdings31
Herfindahl-Hirschman Index 486
Wgt avg mkt cap (mns)$50,635
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 99.7 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 15.0% 25.1% 11.4% 2.0% 6.8% -- 7.9%
Volatility 15.9% 17.2% 19.3% 21.0% 25.0% -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0772%
MSCI EAFE1.0669%
MSCI Emg Mkts0.8443%
Liquidity Measures
Avg. volume (000)4,394
Turnover2.5%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$4,928
Technical Indicators
Recent close$40.79
30d moving avg.$43.84
Annualized volatility22.2%
Relative strength (RSI)50
Short interest (ETF)2.7%
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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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 --%
5.6 17.5 2.4 3.6% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

XLRE

6.4%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.6%. XLRE's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places XLRE in the 61st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

XLRE
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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. 44.0 16.8 60.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .