EPR vs XLRE: Correlation
EPR Properties (EPR) and Real Estate Select Sector SPDR Fund (XLRE) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPR and XLRE?
On 3 years of weekly data the EPR/XLRE correlation comes out at 0.74, strong. Recent behaviour matches the longer record: 0.79 over 1 year against 0.74 over 3. The 5-year figure is 0.67, and annualized covariance runs at 295.0 %².
XLRE is one of the assets that tracks EPR most closely: it ranks #2 out of the 12 assets we track against EPR. Over the last 12 months EPR came out ahead by 6.4 percentage points (+15.9% against +9.5%).
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.
EPR vs XLRE: side by side
| EPR (EPR Properties) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +15.9% | +9.5% |
| 5-year return | +67.8% | +11.4% |
| Volatility (ann.) | 24.0% | 16.7% |
| Beta vs S&P 500 | 0.62 | 0.57 |
| Max drawdown (3Y) | -19.5% | -16.6% |
| Market cap | $4.6B | – |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 6.00% | 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 | EPR | XLRE |
|---|---|---|
| 2022 | -14.6% | -26.2% |
| 2023 | +38.8% | +12.4% |
| 2024 | -1.3% | +5.1% |
| 2025 | +20.5% | +2.6% |
| 2026 | +24.0% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPR and XLRE good diversifiers for each other?
Only partially. A correlation of 0.74 means EPR and XLRE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EPR and XLRE?
The EPR/XLRE correlation stands at 0.74 on a 3-year window (1 year: 0.79, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is XLRE a good diversifier for EPR?
Only partially. A correlation of 0.74 means EPR and XLRE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/epr-vs-xlre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/epr-vs-xlre/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EPR correlations · XLRE correlations
