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DCRE vs XLRE

DoubleLine Commercial Real Estate ETF

DCREDNYSE Arca

State Street Real Estate Select Sector SPDR ETF

XLREANYSE Arca

Overlap

0.0%by weight

Expense ratio

XLRE −0.31pt a year

DCRE0.39%XLRE0.08%

Avg volume · 30D

XLRE 130.3×the volume

DCRE47KXLRE6.13M

3Y return · a year

XLRE +7.6pt

DCRE+5.7%XLRE+13.3%

DCRE vs XLRE Performance

Nov 7, 2025 – Nov 9, 2026

+3.1%DCRE+11.9%XLRE

Nov 7, 2025 to Nov 9, 2026. DCRE +3.1%. XLRE +11.9%. Use the arrow keys to read each point.0%5%10%15%Nov 2025May 2026Nov 2026
Expense ratio
DCRE 0.39%
XLRE 0.08%, better
Fund size
DCRE $433M
XLRE $8.34B
1Y total return
DCRE +3.1%
XLRE +11.9%, better
Yield (12M)
DCRE 5.23%, better
XLRE 3.23%
Holdings
DCRE 276
XLRE 33
Avg volume (30D)
DCRE 47K sh
XLRE 6.13M sh, better
NAV per share
DCRE $50.91
XLRE $43.98
52W range

ETF.net Grade

DCRE: Cost 36, Risk 68, Mission 0, Tradability 43, Holdings 100, Durability 44. XLRE: Cost 93, Risk 59, Mission not scored, Tradability 94, Holdings 46, Durability 83.
Pillar letters and Scores for DCRE, XLRE, with each pillar’s weight
PillarDCREXLRE
Cost30% weightD36A93Higher
Mission25% weightF0Not scored
Risk15% weightB68HigherB59
Tradability15% weightC43A94Higher
Holdings10% weightA100HigherC46
Durability5% weightC44A83Higher

Rank among US Real Estate funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DCRE and XLRE are both graded against the same 21 US Real Estate funds, so their Grades compare head to head.

US Real Estate⁠

Category · 21 funds
See all 21 ›

XLRE ranks 4th and DCRE 18th of 21 funds in the US Real Estate Category.

  1. Rank 1ASCHHSchwab U.S. REIT ETFScore 83
  2. Rank 1AUSRTiShares Core U.S. REIT ETFScore 83
  3. Rank 3AFRELFidelity MSCI Real Estate Index ETFScore 81
  4. Rank 4AXLREState Street Real Estate Select Sector SPDR ETFScore 79
  5. Rank 5ADFARDFA Real Estate Securities Portfolio ETF Class SharesScore 76
  6. Rank 17CTRURVanEck Real Estate TruSector ETFScore 40
  7. Rank 18DDCREDoubleLine Commercial Real Estate ETFScore 39
  8. Rank 19FDESKVanEck Office and Commercial REIT ETFScore 20

Our read on each fund

ETF.net Research

DCREDDoubleLine Commercial Real Estate ETF

XLREAState Street Real Estate Select Sector SPDR ETF

In short

DCRE No data

XLRE The S&P 500's landlords in one ticker: about 30 large-cap real estate companies, mortgage REITs excluded, for 0.08% a year. It launched in 2015, before real estate was even its own market sector.

Stated mandate

DCRE No data

XLRE The fund seeks to provide investment results that generally correspond to the price and yield performance of the Real Estate Select Sector Index, representing the real estate sector of the S&P 500 Index.

Why people hold it

DCRE No data

  • XLRE 0.08% a year sits at the floor of the real estate peer group, where the median fund charges several times more.
  • Clean mandate: S&P 500 real estate management, development and equity REITs, with mortgage REITs left out, so no mortgage paper rides along in a property fund.ssga.com
  • A multi-billion-dollar fund and one of the most actively traded names in its category, which usually shows up as tight spreads when you click buy.
  • Running since 2015, arriving before S&P and MSCI split real estate out as its own sector in 2016. Pays quarterly, and ranks among the stronger builds in a crowded lineup.reit.com

Worth knowing

DCRE No data

  • XLRE About 30 holdings, so the largest positions carry real weight and one company's stumble is felt across the fund.
  • The S&P 500 sets the universe, so REITs that never reach large-cap index status stay outside the portfolio.ssga.comsec.gov
  • This is one slice of the market, moving with the property cycle rather than blending into a broad index.

Full DCRE profile⁠

Full XLRE profile⁠

DCRE vs XLRE Holdings

How DCRE and XLRE differ

Overlap by weight

0.0%

Level by level

  • Asset classBonds, Stocks0.0%
  • Holdings0 in both0.0%
  • Countryby domicile93.4%

Sector

DCRE and XLRE share no Sector name, so they cannot be compared by Sector.

Country, concentration and asset class

Country by domicile

Country weights in DCRE and XLRE, widest gap first
CountryMore in DCREMore in XLREGap
United StatesXLRE +6.6 points
Cayman IslandsDCRE +6.6 points

Concentration

Weight in the 10 largest Holdings

  • DCRE11.1%
  • XLRE59.4%

Securities held

  • DCRE273
  • XLRE31

Asset class

DCRE
Bonds
XLRE
Stocks

Holdings

  • Only in DCRE273
  • In both0
  • Only in XLRE31

Only in DCRE

273 securities, 98.3% of DCRE by weight

  • Fn BZ39361.45%
  • Fn BZ02201.41%
  • Fna 2024-M5 1A11.29%

Only in XLRE

31 securities, 99.9% of XLRE by weight

  • Welltower Inc11.62%
  • Prologis Inc7.94%
  • Equinix Inc6.57%

Weight gaps

DCRE and XLRE share no securities.

All DCRE holdings⁠All 30 XLRE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DCRE vs XLRE Cost

Overpaying DCRE vs XLRE

$6,209

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DCRE 0.39%

    $7,898

  • XLRE 0.08%

    $1,689

$10,000
30 years

Cost over time

  • DCRE 0.39%
  • XLRE 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530DCRE $7,898XLRE $1,689

Year by year

YearDCREXLREOverpaying
10$705$147$558
20$2,725$575$2,150
30$7,898$1,689$6,209

Expense ratio

  • 0.39%DCRE
  • 0.08%XLRE, cheaper
  • Middle half of US Real Estate funds
  • Median 0.35%

XLRE 2nd cheapest of 21 funds

DCRE 14th cheapest of 21 funds

DCRE vs XLRE Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
DCRE 5.23%, better
XLRE 3.23%
Payout (12M)
DCRE $2.67
XLRE $1.44
Last payment
DCRE $0.22
XLRE $0.35
Ex-dividend
DCRE Nov 2, 2026
XLRE Sep 21, 2026
Paid on
DCRE Nov 6, 2026
XLRE Sep 23, 2026
Frequency
DCRE Monthly
XLRE Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

DCREMonthly · 43 paymentsAll DCRE payments⁠
One bar per payment. 43 payments from 2023 to 2026 YTD. May 1, 2023 $0.12; Jun 1, 2023 $0.20; Jul 3, 2023 $0.25; Aug 1, 2023 $0.22; Sep 1, 2023 $0.18; Oct 2, 2023 $0.20; Nov 1, 2023 $0.21; Dec 1, 2023 $0.17; Dec 22, 2023 $0.21; Feb 1, 2024 $0.23; Mar 1, 2024 $0.22; Apr 1, 2024 $0.23; May 1, 2024 $0.23; Jun 3, 2024 $0.27; Jul 1, 2024 $0.25; Aug 1, 2024 $0.24; Sep 3, 2024 $0.26; Oct 1, 2024 $0.21; Nov 1, 2024 $0.22; Dec 2, 2024 $0.24; Dec 23, 2024 $0.25; Feb 3, 2025 $0.20; Mar 3, 2025 $0.22; Apr 1, 2025 $0.21; May 1, 2025 $0.21; Jun 2, 2025 $0.19; Jul 1, 2025 $0.23; Aug 1, 2025 $0.22; Sep 2, 2025 $0.21; Oct 1, 2025 $0.21; Nov 3, 2025 $0.20; Dec 1, 2025 $0.21; Dec 23, 2025 $0.20; Feb 2, 2026 $0.21; Mar 2, 2026 $0.19; Apr 1, 2026 $0.18; May 1, 2026 $0.21; Jun 1, 2026 $0.19; Jul 1, 2026 $0.23; Aug 3, 2026 $0.22; Sep 1, 2026 $0.28; Oct 1, 2026 $0.32; Nov 2, 2026 $0.22. Use the arrow keys to read each point.$0$0.5020232026YTD
XLREQuarterly · 15 paymentsAll XLRE payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Mar 20, 2023 $0.26; Jun 20, 2023 $0.36; Sep 18, 2023 $0.29; Dec 18, 2023 $0.42; Mar 18, 2024 $0.26; Jun 24, 2024 $0.39; Sep 23, 2024 $0.31; Dec 23, 2024 $0.43; Mar 24, 2025 $0.26; Jun 23, 2025 $0.38; Sep 22, 2025 $0.32; Dec 22, 2025 $0.44; Mar 23, 2026 $0.27; Jun 22, 2026 $0.38; Sep 21, 2026 $0.35. Use the arrow keys to read each point.$0$0.5020232026YTD

DCRE vs XLRE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DCRE 1.5%, betterXLRE 16.7%
Return per unit of riskSharpe ratio, 3 years
DCRE 0.79, betterXLRE 0.55
Worst fallMax drawdown, 5 years
DCRE −0.8%since Apr 2023XLRE −34.1%
Market sensitivityBeta, 5 years
DCRE 0.17XLRE 0.96

DCRE and XLRE in the news

All news⁠

Popular comparisons

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