The Real Estate Select Sector SPDR Fund

10-Year Study

XLRE.US · · US · ETF

Executive Summary: The Real Estate Select Sector SPDR Fund has compounded at 6.8% annually over the last 10 years, with a maximum drawdown of 32.2% and an annualized volatility of 16.4%.

1Y CAGR
+8.7%
3Y CAGR
+10.5%
5Y CAGR
+3.5%
10Y CAGR
+6.8%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
32.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.21
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.32
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
17.1%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · +46.1%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -26.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20262.75.8-6.97.3————————8.6%
20251.84.2-2.4-1.31.00.2-0.02.20.3-2.91.9-2.12.6%
2024-4.82.61.8-8.45.12.07.25.73.3-3.34.2-8.75.1%
20239.9-5.9-1.51.0-4.55.61.3-3.1-7.2-2.812.58.712.4%
2022-8.6-4.87.8-3.6-5.1-6.98.5-5.6-13.22.06.8-4.8-26.3%
20210.51.66.88.31.13.14.62.8-6.37.6-0.910.346.1%
20201.4-6.2-15.19.42.21.24.2-0.0-2.1-3.26.91.5-2.2%
201910.71.14.9-0.51.21.61.74.81.0-0.0-1.71.128.7%
2018-1.9-6.83.8-0.62.24.51.02.4-2.6-1.65.5-7.3-2.4%
2017-0.14.7-1.10.20.71.91.21.0-1.40.82.9-0.410.7%
2016———-2.41.76.13.2-3.7-1.3-5.6-3.04.3-1.3%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 16.4%. The dominant macroeconomic risk driver is VNQ.US, accounting for 97.0% of variance. Idiosyncratic stock-specific factors contribute 0.6%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019757.46122768148
2016-05-019925.36600199835
2016-06-0110530.865806507667
2016-07-0110871.975324731744
2016-08-0110465.00716799166
2016-09-0110327.903036621921
2016-10-019754.333376775707
2016-11-019458.056388201052
2016-12-019869.281897562883
2017-01-019856.42295495026
2017-02-0110315.39163299883
2017-03-0110206.65537164951
2017-04-0110222.81593466267
2017-05-0110290.672922368478
2017-06-0110487.553759937444
2017-07-0110614.5792606108
2017-08-0110722.055693123073
2017-09-0110575.69833615709
2017-10-0110660.975715713108
2017-11-0110972.631304574483
2017-12-0110924.540596898216
2018-01-0110715.58277944307
2018-02-019985.968113297711
2018-03-0110368.434771275903
2018-04-0110305.008905686607
2018-05-0110535.2100438768
2018-06-0111005.126200095574
2018-07-0111119.509970024763
2018-08-0111388.67891741605
2018-09-0111087.362613493202
2018-10-0110910.552152569617
2018-11-0111508.970850167252
2018-12-0110663.582258134586
2019-01-0111809.070767626743
2019-02-0111939.745427690172
2019-03-0112530.387940397062
2019-04-0112464.659629002128
2019-05-0112616.881706416438
2019-06-0112821.495286502455
2019-07-0113044.658760154654
2019-08-0113672.314175246536
2019-09-0113809.548633737348
2019-10-0113806.073243842045
2019-11-0113567.35740040836
2019-12-0113722.186020244148
2020-01-0113920.891437508148
2020-02-0113055.084929840568
2020-03-0111082.844606629307
2020-04-0112126.76484643121
2020-05-0112387.723185194838
2020-06-0112540.900994830357
2020-07-0113063.295538468223
2020-08-0113059.689821451846
2020-09-0112783.092228159347
2020-10-0112377.166688387855
2020-11-0113228.897866979452
2020-12-0113422.390199400495
2021-01-0113495.80781093879
2021-02-0113708.718884399845
2021-03-0114642.947130631219
2021-04-0115859.203266866503
2021-05-0116040.879273643513
2021-06-0116544.115730483514
2021-07-0117309.222815934663
2021-08-0117794.387245319085
2021-09-0116681.78461271124
2021-10-0117946.522437986016
2021-11-0117785.17746209653
2021-12-0119610.669446978587
2022-01-0117918.719318823583
2022-02-0117059.472609583387
2022-03-0118394.239541248535
2022-04-0117739.476084973285
2022-05-0116833.485381641254
2022-06-0115678.439549937011
2022-07-0117013.771232460145
2022-08-0116058.299665493723
2022-09-0113943.133932838093
2022-10-0114221.947087188844
2022-11-0115193.796429036885
2022-12-0114461.618662843739
2023-01-0115894.826013293366
2023-02-0114962.85677049394
2023-03-0114741.952300273688
2023-04-0114887.87523350276
2023-05-0114213.475824319044
2023-06-0115010.035188322692
2023-07-0115209.175029323604
2023-08-0114743.212129110734
2023-09-0113676.571527868284
2023-10-0113287.197532473174
2023-11-0114945.0888396542
2023-12-0116252.096094530605
2024-01-0115469.090751118641
2024-02-0115866.675355141406
2024-03-0116146.053260350149
2024-04-0114781.832399322298
2024-05-0115541.552630435728
2024-06-0115848.038576827841
2024-07-0116995.091011772885
2024-08-0117968.80837568965
2024-09-0118560.31973587037
2024-10-0117949.51996177071
2024-11-0118697.423867240108
2024-12-0117079.8905252183
2025-01-0117394.847734480216
2025-02-0118121.377992093487
2025-03-0117687.779660280637
2025-04-0117455.3195186585
2025-05-0117637.038967809203
2025-06-0117664.581432729487
2025-07-0117660.280637734046
2025-08-0118044.13745167036
2025-09-0118104.3485816065
2025-10-0117575.785220904472
2025-11-0117906.68578131109
2025-12-0117528.997784438943
2026-01-0117998.175420304968
2026-02-0119045.136626265263
2026-03-0117737.521178157174
2026-04-0119032.103914157873
Annual Return Matrix
YearAnnual Return
20170.10692355434653433
2018-0.02388735127568875
20190.2868270425518913
2020-0.021847526363610537
20210.4610415250671589
2022-0.26256374358133705
20230.12380892301407065
20240.050934625655226995
20250.026294504555374187
20260.0857496902106567
Total Factor Risk
0.1636183833257792
VTI.US Exposure
-0.04751700333263317
VEA.US Exposure
-0.024674364586107698
VWO.US Exposure
-0.005762344554359863
QQQ.US Exposure
-0.019434218968201737
VTV.US Exposure
-0.04103147402268286
IJR.US Exposure
-0.03850585889310485
QUAL.US Exposure
0.13343221225291968
SHV.US Exposure
0.06104638007226891
TLT.US Exposure
-0.003803563204544354
LQD.US Exposure
0.002433667850729646
HYG.US Exposure
0.008948577021937408
GLD.US Exposure
0.009882411225011514
USO.US Exposure
-0.0009227707347518979
VNQ.US Exposure
0.9702763795135227
BTC-USD.CC Exposure
0.000622123757335555
CPER.US Exposure
-0.0027521696574501703
VIX.INDX Exposure
-0.0020312713286818143
UUP.US Exposure
0.0000596794698763449
TIP.US Exposure
-0.006638267569348585
Idiosyncratic Exposure
0.006371875688265285
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
16.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$118
Avg Yield on Cost
1.18%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$117.751.18%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+3.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+6.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.3% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.14
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is The Real Estate Select Sector SPDR Fund a high-risk investment?

The Real Estate Select Sector SPDR Fund (XLRE.US) has an annualized volatility of 16.4% and experienced a maximum drawdown of 32.2% over the last 10 years. Its primary macro risk driver is VNQ.US.

What is the 10-year return of XLRE.US?

Over the past 10 years, XLRE.US has generated a Compound Annual Growth Rate (CAGR) of 6.8%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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