WY vs XLRE: Correlation
Weyerhaeuser (WY) and Real Estate Select Sector SPDR Fund (XLRE) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WY and XLRE?
On 3 years of weekly data the WY/XLRE correlation comes out at 0.68, strong. The past 12 months show a weaker link (0.43) than the 3-year average (0.68). The 5-year figure is 0.68, and annualized covariance runs at 279.6 %².
XLRE is one of the assets that tracks WY most closely: it ranks #3 out of the 44 assets we track against WY. Correlation aside, the last 12 months split them widely, with XLRE ahead by 15.6 points (-6.1% versus +9.5%). On a rolling one-year basis the correlation drifted between 0.44 and 0.82, 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.
WY vs XLRE: side by side
| WY (Weyerhaeuser) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -6.1% | +9.5% |
| 5-year return | -19.5% | +11.4% |
| Volatility (ann.) | 24.8% | 16.7% |
| Beta vs S&P 500 | 0.64 | 0.57 |
| Max drawdown (3Y) | -38.0% | -16.6% |
| Market cap | $17.1B | – |
| P/E (trailing) | 36.5 | – |
| Dividend yield | 3.49% | 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 | WY | XLRE |
|---|---|---|
| 2022 | -20.4% | -26.2% |
| 2023 | +18.0% | +12.4% |
| 2024 | -16.6% | +5.1% |
| 2025 | -13.0% | +2.6% |
| 2026 | +1.8% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 1.75% of XLRE is WY itself, so the fund partly moves with the stock by construction.
Are WY and XLRE good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between WY and XLRE?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.43 over the last year and 0.68 over 5 years.
Is XLRE a good diversifier for WY?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/wy-vs-xlre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/wy-vs-xlre/)
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Related comparisons
Hubs: WY correlations · XLRE correlations
