ETF Versus

GLD vs XLRE

SPDR Gold Shares vs State Street Real Estate Select Sector SPDR ETF

Last updated: 2026-04-10

GLD SPDR

SPDR Gold Shares (GLD) is an exchange-traded fund issued by SPDR that provides exposure to gold securities. It charges an above-average expense ratio of 0.40%. Launched in 2004, the fund has a 22-year track record.

AUM: $162.2B ER: 0.40% Yield: N/A Since: Nov 18, 2004
XLRE SPDR

State Street Real Estate Select Sector SPDR ETF (XLRE) is an exchange-traded fund issued by SPDR that provides exposure to us sector - real estate securities. It charges a low expense ratio of 0.08%. The fund offers an attractive dividend yield of 3.27%. Launched in 2015, the fund has a 11-year track record.

AUM: $7.5B ER: 0.08% Yield: 3.27% Since: Oct 7, 2015

Quick Verdict

XLRE is significantly cheaper at 0.08% vs 0.40% expense ratio, saving you approximately $627 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 49.8% return vs 11.5%.

Key Metrics

Metric GLD XLRE
Expense Ratio 0.40% 0.08%
Dividend Yield N/A 3.3%
Fund Family SPDR SPDR
Category Gold US Sector - Real Estate

Performance Chart

Indexed to 100 at start (5-year comparison)

75 122 169 216 263 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLD +169.9%
XLRE +5.4%

Performance Comparison

Period GLD XLRE Difference
1 Month -8.02% +0.90% -8.92%
3 Months +3.74% +5.34% -1.60%
6 Months +15.85% +4.60% +11.25%
YTD +9.98% +5.97% +4.01%
1 Year +49.83% +11.49% +38.34%
3 Years +135.15% +14.20% +120.95%
5 Years +169.92% +5.45% +164.47%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees XLRE Fees You Save
$10,000 10 years $786 $159 $627
$10,000 20 years $3,334 $686 $2,648
$10,000 30 years $10,601 $2,212 $8,388
$50,000 10 years $3,932 $797 $3,135
$50,000 30 years $53,003 $11,061 $41,941
$100,000 30 years $106,005 $22,123 $83,882

Risk Metrics

Based on 5 years of daily returns

Metric GLD XLRE
Annualized Volatility 17.8% 19.1%
Max Drawdown -21.0% -37.9%
Sharpe Ratio 0.96 -0.08

Dividend Comparison

Metric GLD XLRE
Annual Dividend (per share) $0.00 $1.40
Dividend Yield 0.00% 3.27%
Distribution Frequency None Quarterly

Top Holdings

XLRE Top Holdings

NameWeight
Welltower Inc.WELL10.17%
Prologis, Inc.PLD9.10%
Equinix, Inc.EQIX7.12%
American Tower CorporationAMT5.87%
Digital Realty Trust, Inc.DLR4.60%
Simon Property Group, Inc.SPG4.58%
CBRE Group, Inc.CBRE4.53%
Ventas, Inc.VTR4.36%
Realty Income CorporationO4.35%
Public StoragePSA4.33%

Which One Should You Choose?

Choose XLRE if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose GLD if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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