XLRE vs ZCMD: Correlation
Real Estate Select Sector SPDR Fund (XLRE) and Zhongchao Inc. - Class A (ZCMD) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are XLRE and ZCMD?
Across a 3-year window, the weekly returns of XLRE and ZCMD correlate at -0.16, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.06 lands near the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -378.9 %².
By 3-year correlation, ZCMD places #109 of the 116 assets tracked against XLRE. Correlation aside, the last 12 months split them widely, with XLRE ahead by 109.4 points (+9.5% versus -99.9%). Risk is not evenly split, since ZCMD carries 8.5 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.
XLRE vs ZCMD: side by side
| XLRE (Real Estate Select Sector SPDR Fund) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +9.5% | -99.9% |
| 5-year return | +11.4% | -100.0% |
| Volatility (ann.) | 16.7% | 141.8% |
| Beta vs S&P 500 | 0.57 | 0.59 |
| Max drawdown (3Y) | -16.6% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.12% | 0.00% |
| Expense ratio | 0.08% | – |
| Assets under management | $8.6B | – |
| Sector / category | Sector ETF | US Listed |
XLRE, State Street Investment Management's Real Estate fund, carries $8.6B under management, 31 holdings, a 0.08% expense ratio, a 3.12% trailing dividend yield.
Year-by-year returns
| Year | XLRE | ZCMD |
|---|---|---|
| 2022 | -26.2% | -35.4% |
| 2023 | +12.4% | -69.5% |
| 2024 | +5.1% | -53.8% |
| 2025 | +2.6% | -72.2% |
| 2026 | +12.4% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are XLRE and ZCMD good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between XLRE and ZCMD?
The XLRE/ZCMD correlation stands at -0.16 on a 3-year window (1 year: -0.06, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is ZCMD a good diversifier for XLRE?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
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/xlre-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/xlre-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: XLRE correlations · ZCMD correlations
