UMH vs XLRE: Correlation
UMH Properties, Inc. (UMH) and Real Estate Select Sector SPDR Fund (XLRE) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UMH and XLRE?
Across a 3-year window, the weekly returns of UMH and XLRE correlate at 0.62, strong. The past 12 months show a weaker link (0.51) than the 3-year average (0.62). Stretching to 5 years gives 0.67, with an annualized covariance of 215.5 %².
By 3-year correlation, XLRE places #5 of the 11 assets tracked against UMH. Twelve-month performance is nearly a tie, at +11.0% for UMH 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.
UMH vs XLRE: side by side
| UMH (UMH Properties, Inc.) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +11.0% | +9.5% |
| 5-year return | -11.7% | +11.4% |
| Volatility (ann.) | 20.7% | 16.7% |
| Beta vs S&P 500 | 0.45 | 0.57 |
| Max drawdown (3Y) | -27.3% | -16.6% |
| Market cap | $1.4B | – |
| P/E (trailing) | 137.5 | – |
| Dividend yield | 5.40% | 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 | UMH | XLRE |
|---|---|---|
| 2022 | -38.7% | -26.2% |
| 2023 | +0.2% | +12.4% |
| 2024 | +29.6% | +5.1% |
| 2025 | -11.0% | +2.6% |
| 2026 | +8.2% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UMH and XLRE good diversifiers for each other?
Only partially. A correlation of 0.62 means UMH 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 UMH and XLRE?
As of 2026-08-27, the correlation of weekly returns between UMH and XLRE is 0.62 over 3 years, 0.51 over 1 year and 0.67 over 5 years.
Is XLRE a good diversifier for UMH?
Only partially. A correlation of 0.62 means UMH 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 0.62 mean?
On the −1 to +1 scale, 0.62 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/umh-vs-xlre.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: UMH correlations · XLRE correlations
