VMRK vs XLRE: Correlation
Vivmark Residential (VMRK) and Real Estate Select Sector SPDR Fund (XLRE) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VMRK and XLRE?
Across a 3-year window, the weekly returns of VMRK and XLRE correlate at 0.73, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.73 over 3. Stretching to 5 years gives 0.76, with an annualized covariance of 239.3 %².
Within VMRK's tracked universe of 32 assets, XLRE comes in at #10 by 3-year correlation. Their 12-month results are close: +5.1% for VMRK against +9.5% for XLRE. On a rolling one-year basis the correlation drifted between 0.60 and 0.86, a moderate band.
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.
VMRK vs XLRE: side by side
| VMRK (Vivmark Residential) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +5.1% | +9.5% |
| 5-year return | -5.5% | +11.4% |
| Volatility (ann.) | 19.7% | 16.7% |
| Beta vs S&P 500 | 0.57 | 0.57 |
| Max drawdown (3Y) | -21.2% | -16.6% |
| Market cap | $26.1B | – |
| P/E (trailing) | 25.7 | – |
| Dividend yield | 0.00% | 3.12% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $8.6B |
| Sector / category | Real Estate | 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 | VMRK | XLRE |
|---|---|---|
| 2022 | -32.5% | -26.2% |
| 2023 | +8.3% | +12.4% |
| 2024 | +20.8% | +5.1% |
| 2025 | -8.6% | +2.6% |
| 2026 | +7.4% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
VMRK represents 4.96% of XLRE's portfolio, so part of any move in XLRE is VMRK itself, and the correlation between them is partly mechanical.
Are VMRK and XLRE good diversifiers for each other?
Only partially. A correlation of 0.73 means VMRK 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 VMRK and XLRE?
The VMRK/XLRE correlation stands at 0.73 on a 3-year window (1 year: 0.71, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is XLRE a good diversifier for VMRK?
Only partially. A correlation of 0.73 means VMRK 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 0.73 mean?
A reading of 0.73 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/vmrk-vs-xlre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vmrk-vs-xlre/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VMRK correlations · XLRE correlations
