State Street Real Estate Select Sector SPDR ETF
XLRE SectorUpdated: Jul 5, 2026, 21:17 UTC
Key Metrics
Top 10 Holdings
| Holding | Ticker | Weight | Bar |
|---|---|---|---|
| Welltower Inc | WELL | 9.86% | |
| Prologis Inc | PLD | 9.18% | |
| Equinix Inc | EQIX | 7.22% | |
| American Tower Corp | AMT | 6.02% | |
| Simon Property Group Inc | SPG | 4.68% | |
| Digital Realty Trust Inc | DLR | 4.55% | |
| Public Storage | PSA | 4.38% | |
| Ventas Inc | VTR | 4.23% | |
| Crown Castle Inc | CCI | 4.21% | |
| Realty Income Corp | O | 4.1% |
Sector Allocation
About This ETF
The State Street Real Estate Select Sector SPDR ETF (XLRE) is a Sector ETF with an expense ratio (TER) of 0.08% and $7.9B in assets under management., with its largest holdings being Welltower Inc, Prologis Inc, Equinix Inc. The ETF currently yields 3.18% in dividends. Year-to-date, XLRE has returned +12.37%. With an expense ratio of just 0.08%, it is one of the cheapest ETFs in its category.
Under normal market conditions, the fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Real Estate companies by the Global Industry Classification Standard (GICS®). The fund is non-diversified.
FAQ — XLRE
What is the TER of XLRE (State Street Real Estate Select Sector SPDR ETF)?
XLRE has a Total Expense Ratio (TER) of 0.08 % per year. That sits at the sector category median (0.08 % across 13 peer ETFs). The TER is deducted directly from the fund and lowers your effective return.
What return has XLRE delivered?
Performance for XLRE: YTD: +12.37 % · 3-year p.a.: +9.20 % · 5-year p.a.: +3.37 %. Over 5 years, XLRE underperforms the sector category median of +7.03 % by -3.66 pp. Past performance is no guarantee of future returns.
What are the top holdings of XLRE?
The five largest positions in XLRE are: WELL, PLD, EQIX, AMT, SPG. The full holdings list is updated daily on this page.
Does XLRE pay dividends?
XLRE has a current dividend yield of 3.18 %. Distributing ETFs pay this out in cash; accumulating versions reinvest it inside the fund. Check the share class on your broker before buying.
Where can I buy or set up a savings plan for XLRE?
XLRE is available at most major brokers. For a free monthly savings plan from €1, look at Trade Republic, Scalable Capital or Flatex. The broker comparison on this site shows fees, free-savings-plan ETFs and execution exchanges side by side.
What is the Real Estate Select Sector SPDR ETF (XLRE)?
The Real Estate Select Sector SPDR ETF (XLRE) from State Street tracks the real estate slice of the S&P 500, investing substantially all of its assets in U.S. property companies, mostly listed REITs. With $7.7B in assets and an expense ratio of just 0.08%, it is one of the largest and cheapest pure-play real estate ETFs on the U.S. market. Property stocks are rate-sensitive and income-oriented; their rental cash flows and a 3.15% dividend yield make them appealing to income-focused investors.
Performance and Drivers
XLRE has returned 10.72% year-to-date, 11.48% over three years and 4.13% over five years (in USD, before currency effects). The price sits at $44.41, roughly 89.1% of the way between its 52-week low ($39.73) and 52-week high ($44.98).
Key drivers include the interest-rate backdrop — falling yields support these bond-like REIT valuations — demand for data centres and logistics space, and demographic trends in healthcare property. Heavyweights such as Welltower (10.32%), logistics REIT Prologis (8.98%) and data-centre operators Equinix (7.24%) and Digital Realty (4.76%) heavily shape the fund’s trajectory, meaning its returns reflect the fortunes of a handful of large REITs.
Risk Profile
XLRE is invested 100% in the real estate sector and is described in fund documentation as non-diversified. This single-sector concentration means industry-specific shocks — rising rates, vacancies or falling property values — hit the entire portfolio at once.
- Interest-rate risk: Rising yields raise REIT refinancing costs and typically pressure their prices.
- Concentration: The ten largest positions make up a substantial share of the fund, with Welltower alone at 10.32%.
- Cyclicality: Rents and occupancy rates depend on the economic cycle.
- Currency risk: The ETF is denominated in U.S. dollars. For euro-area investors, a weaker dollar can entirely erode the USD return or reduce gains.
Who Is XLRE For?
XLRE suits income-oriented investors seeking steady distributions and a 3.15% dividend yield who deliberately want exposure to U.S. real estate — for example as an income building block or an inflation hedge. Tactical investors also use it to overweight REITs during rate-cutting cycles.
It is less appropriate as a core holding for broadly diversified portfolios, for strongly growth-oriented investors, or for those wishing to avoid single-sector and interest-rate risk. Anyone seeking maximum diversification is better served by a broad index ETF. XLRE is best understood as a complementary satellite position held over a medium-to-long horizon.
How It Compares to Peers
Among U.S. real estate ETFs, XLRE competes with products from other issuers:
- Vanguard Real Estate ETF (VNQ): Far broader, holding hundreds of REITs beyond the S&P 500 and the category leader by assets.
- Schwab U.S. REIT ETF (SCHH): Very low cost and pure-REIT in focus, tracking a broad U.S. REIT index.
- iShares U.S. Real Estate ETF (IYR): Well established, but traditionally carries a higher expense ratio than XLRE.
At 0.08% in fees, XLRE offers low costs and tight exposure to the largest blue-chip names, while VNQ and SCHH appeal through broader diversification across smaller REITs.
Where can I buy XLRE?
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