MDRR vs XLRE: Correlation
Measured on weekly returns over the past three years, Medalist Diversified, Inc. (MDRR) and Real Estate Select Sector SPDR Fund (XLRE) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and XLRE?
Across a 3-year window, the weekly returns of MDRR and XLRE correlate at -0.16, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.10 lands near the 3-year figure. Stretching to 5 years gives 0.06, with an annualized covariance of -77.0 %².
By 3-year correlation, XLRE places #15 of the 36 assets tracked against MDRR. Neither side won the trailing year by much: +4.8% against +9.5%. Risk is not evenly split, since MDRR carries 1.7 times the volatility of the other side.
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.
MDRR vs XLRE: side by side
| MDRR (Medalist Diversified, Inc.) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +4.8% | +9.5% |
| 5-year return | -31.3% | +11.4% |
| Volatility (ann.) | 28.1% | 16.7% |
| Beta vs S&P 500 | -0.02 | 0.57 |
| Max drawdown (3Y) | -29.5% | -16.6% |
| Market cap | – | – |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 2.21% | 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 | MDRR | XLRE |
|---|---|---|
| 2022 | -37.3% | -26.2% |
| 2023 | -4.0% | +12.4% |
| 2024 | +28.6% | +5.1% |
| 2025 | -5.5% | +2.6% |
| 2026 | -0.7% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and XLRE good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between MDRR and XLRE?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.10 over the last year and 0.06 over 5 years.
Is XLRE a good diversifier for MDRR?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 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/mdrr-vs-xlre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mdrr-vs-xlre/)
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Related comparisons
Hubs: MDRR correlations · XLRE correlations
