GLPI vs XLRE: Correlation
Gaming and Leisure Properties, Inc. (GLPI) 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 GLPI and XLRE?
Across a 3-year window, the weekly returns of GLPI and XLRE correlate at 0.71, strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.71 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 203.0 %².
In GLPI's tracked universe of 12 assets, XLRE sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months XLRE outperformed by 15.0 percentage points (-5.5% for GLPI 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.
GLPI vs XLRE: side by side
| GLPI (Gaming and Leisure Properties, Inc.) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -5.5% | +9.5% |
| 5-year return | +19.9% | +11.4% |
| Volatility (ann.) | 17.1% | 16.7% |
| Beta vs S&P 500 | 0.29 | 0.57 |
| Max drawdown (3Y) | -14.9% | -16.6% |
| Market cap | $12.7B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 7.42% | 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 | GLPI | XLRE |
|---|---|---|
| 2022 | +13.5% | -26.2% |
| 2023 | +0.9% | +12.4% |
| 2024 | +3.9% | +5.1% |
| 2025 | -0.8% | +2.6% |
| 2026 | -2.1% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLPI 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 GLPI and XLRE?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.70 over the last year and 0.71 over 5 years.
Is XLRE a good diversifier for GLPI?
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?
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
$ curl https://www.pairbook.io/api/v1/pairs/glpi-vs-xlre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glpi-vs-xlre/)
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Related comparisons
Hubs: GLPI correlations · XLRE correlations
