EPRT vs XLRE: Correlation
How closely do Essential Properties Realty Trust, Inc. (EPRT) and Real Estate Select Sector SPDR Fund (XLRE) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPRT and XLRE?
On 3 years of weekly data the EPRT/XLRE correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 238.3 %².
Within EPRT's tracked universe of 17 assets, XLRE comes in at #5 by 3-year correlation. On 12-month performance XLRE holds a 8.3-point edge, +1.2% 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.
EPRT vs XLRE: side by side
| EPRT (Essential Properties Realty Trust, Inc.) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +1.2% | +9.5% |
| 5-year return | +16.4% | +11.4% |
| Volatility (ann.) | 20.1% | 16.7% |
| Beta vs S&P 500 | 0.40 | 0.57 |
| Max drawdown (3Y) | -15.5% | -16.6% |
| Market cap | $6.6B | – |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 4.04% | 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 | EPRT | XLRE |
|---|---|---|
| 2022 | -14.6% | -26.2% |
| 2023 | +14.2% | +12.4% |
| 2024 | +27.3% | +5.1% |
| 2025 | -1.4% | +2.6% |
| 2026 | +4.5% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPRT and XLRE good diversifiers for each other?
Only partially. A correlation of 0.71 means EPRT 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 EPRT and XLRE?
The EPRT/XLRE correlation stands at 0.71 on a 3-year window (1 year: 0.70, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is XLRE a good diversifier for EPRT?
Only partially. A correlation of 0.71 means EPRT 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 0.71 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/eprt-vs-xlre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eprt-vs-xlre/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EPRT correlations · XLRE correlations
