ADC vs XLRE: Correlation
Agree Realty Corporation (ADC) and Real Estate Select Sector SPDR Fund (XLRE) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADC and XLRE?
Over the past 3 years, ADC and XLRE moved with a correlation of 0.71, which is strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 196.3 %².
Within ADC's tracked universe of 22 assets, XLRE comes in at #5 by 3-year correlation. Their 12-month results are close: +4.9% for ADC against +9.5% for XLRE.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADC vs XLRE: side by side
| ADC (Agree Realty Corporation) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +4.9% | +9.5% |
| 5-year return | +21.4% | +11.4% |
| Volatility (ann.) | 16.6% | 16.7% |
| Beta vs S&P 500 | 0.09 | 0.57 |
| Max drawdown (3Y) | -13.0% | -16.6% |
| Market cap | $9.1B | – |
| P/E (trailing) | 39.8 | – |
| Dividend yield | 4.26% | 3.12% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $8.6B |
| Sector / category | US Listed | Sector ETF |
On the fund side, XLRE sits in the Real Estate category at State Street Investment Management, with $8.6B under management, 31 holdings, a 0.08% expense ratio, a 3.12% trailing dividend yield.
Year-by-year returns
| Year | ADC | XLRE |
|---|---|---|
| 2022 | +3.5% | -26.2% |
| 2023 | -7.1% | +12.4% |
| 2024 | +17.2% | +5.1% |
| 2025 | +6.6% | +2.6% |
| 2026 | +4.1% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADC and XLRE good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADC and XLRE?
As of 2026-08-27, the correlation of weekly returns between ADC and XLRE is 0.71 over 3 years, 0.71 over 1 year and 0.70 over 5 years.
Is XLRE a good diversifier for ADC?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adc-vs-xlre.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: ADC correlations · XLRE correlations
