VTR vs XLRE: Correlation
Ventas (VTR) and Real Estate Select Sector SPDR Fund (XLRE) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VTR and XLRE?
Over the past 3 years, VTR and XLRE moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 209.1 %².
Among the 31 assets we track against VTR, XLRE ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VTR ahead by 30.9 points (+40.4% versus +9.5%). On a rolling one-year basis the correlation drifted between 0.34 and 0.84, 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.
VTR vs XLRE: side by side
| VTR (Ventas) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +40.4% | +9.5% |
| 5-year return | +98.1% | +11.4% |
| Volatility (ann.) | 21.5% | 16.7% |
| Beta vs S&P 500 | 0.25 | 0.57 |
| Max drawdown (3Y) | -16.7% | -16.6% |
| Market cap | $47.6B | – |
| P/E (trailing) | 168.9 | – |
| Dividend yield | 2.14% | 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 | VTR | XLRE |
|---|---|---|
| 2022 | -8.5% | -26.2% |
| 2023 | +15.1% | +12.4% |
| 2024 | +22.2% | +5.1% |
| 2025 | +35.1% | +2.6% |
| 2026 | +21.5% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 4.59% of XLRE is VTR itself, so the fund partly moves with the stock by construction.
Are VTR and XLRE good diversifiers for each other?
Only partially. A correlation of 0.58 means VTR 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 VTR and XLRE?
The VTR/XLRE correlation stands at 0.58 on a 3-year window (1 year: 0.53, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is XLRE a good diversifier for VTR?
Only partially. A correlation of 0.58 means VTR 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 0.58 mean?
A reading of 0.58 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
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Related comparisons
Hubs: VTR correlations · XLRE correlations
