BRX vs XLRE: Correlation
Measured on weekly returns over the past three years, Brixmor Property Group Inc. (BRX) and Real Estate Select Sector SPDR Fund (XLRE) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRX and XLRE?
Over the past 3 years, BRX and XLRE moved with a correlation of 0.79, which is strong. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 272.3 %².
Among the 25 assets we track against BRX, XLRE ranks #8 by 3-year correlation. Twelve-month performance is nearly a tie, at +8.4% for BRX and +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.
BRX vs XLRE: side by side
| BRX (Brixmor Property Group Inc.) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +8.4% | +9.5% |
| 5-year return | +55.9% | +11.4% |
| Volatility (ann.) | 20.7% | 16.7% |
| Beta vs S&P 500 | 0.56 | 0.57 |
| Max drawdown (3Y) | -22.4% | -16.6% |
| Market cap | $8.9B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 4.12% | 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 | BRX | XLRE |
|---|---|---|
| 2022 | -6.8% | -26.2% |
| 2023 | +7.7% | +12.4% |
| 2024 | +25.2% | +5.1% |
| 2025 | -1.7% | +2.6% |
| 2026 | +14.7% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRX and XLRE good diversifiers for each other?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BRX and XLRE?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.81 over the last year and 0.76 over 5 years.
Is XLRE a good diversifier for BRX?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.79 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: BRX correlations · XLRE correlations
