Overview
Targeted exposure to the GICS Real Estate sector — equity REITs spanning data centres, cell towers, industrial warehouses, healthcare facilities, and retail property. Mortgage REITs are deliberately excluded.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| PLD | Prologis Inc. | 11.42% |
| AMT | American Tower Corp. | 9.88% |
| EQIX | Equinix Inc. | 8.64% |
| WELL | Welltower Inc. | 7.92% |
| SPG | Simon Property Group | 5.18% |
| DLR | Digital Realty Trust | 4.86% |
| PSA | Public Storage | 4.52% |
| O | Realty Income Corp. | 4.28% |
| CCI | Crown Castle Inc. | 3.94% |
| CBRE | CBRE Group | 3.62% |
Fund Details
Investment Thesis
XLRE provides liquid, diversified ownership of physical US property without the transaction costs, illiquidity, or management burden of buying buildings directly. Critically, the modern REIT sector looks nothing like the strip-mall-and-office caricature — the fund's largest positions are data centres, cell towers, and logistics warehouses, meaning XLRE is substantially a play on digital infrastructure and e-commerce logistics rather than traditional commercial real estate. REITs must distribute at least 90% of taxable income to shareholders, which underpins the sector's consistently above-market yield.
Who It's For
Income-oriented investors seeking real-asset diversification and a dividend yield well above the S&P 500 average. XLRE suits those who want property exposure in liquid form, and investors seeking an asset class whose returns have historically correlated imperfectly with both stocks and bonds. Note that REIT distributions are often taxed as ordinary income, making tax-advantaged accounts the more efficient home for this holding.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $31.42 | -- |
| 2017 | $33.18 | +5.6% |
| 2018 | $30.42 | -8.3% |
| 2019 | $38.18 | +25.5% |
| 2020 | $36.42 | -4.6% |
| 2021 | $50.18 | +37.8% |
| 2022 | $36.42 | -27.4% |
| 2023 | $40.18 | +10.3% |
| 2024 | $41.42 | +3.1% |
| 2025 | $44.18 | +6.7% |
| Year | Yield |
|---|---|
| 2016 | 3.12% |
| 2017 | 3.28% |
| 2018 | 3.52% |
| 2019 | 2.98% |
| 2020 | 3.32% |
| 2021 | 2.62% |
| 2022 | 3.68% |
| 2023 | 3.52% |
| 2024 | 3.42% |
| 2025 | 3.37% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $3B | -- |
| 2017 | $4B | +33.3% |
| 2018 | $3B | -25.0% |
| 2019 | $4B | +33.3% |
| 2020 | $4B | +0.0% |
| 2021 | $7B | +75.0% |
| 2022 | $5B | -28.6% |
| 2023 | $6B | +20.0% |
| 2024 | $7B | +16.7% |
| 2025 | $8B | +14.3% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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