ETF Versus

SPDW vs XLRE

State Street SPDR Portfolio Developed World ex-US ETF vs State Street Real Estate Select Sector SPDR ETF

Last updated: 2026-04-10

SPDW SPDR

State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is an exchange-traded fund issued by SPDR that provides exposure to equities in developed international markets outside the U.S.. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 3.04%. Launched in 2007, the fund has a 19-year track record.

AUM: $38.2B ER: 0.03% Yield: 3.04% Since: Apr 20, 2007
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

SPDW has a slightly lower expense ratio (0.03% vs 0.08%), saving about $99 per $10,000 over 10 years. Over the past year, SPDW has significantly outperformed with a 39.9% return vs 11.5%.

Key Metrics

Metric SPDW XLRE
Expense Ratio 0.03% 0.08%
Dividend Yield 3.0% 3.3%
Fund Family SPDR SPDR
Category International Developed US Sector - Real Estate

Performance Chart

Indexed to 100 at start (5-year comparison)

70 84 98 112 126 140 2021-04 2022-07 2023-10 2025-01 2026-04
SPDW +33.0%
XLRE +5.4%

Performance Comparison

Period SPDW XLRE Difference
1 Month +2.75% +0.90% +1.85%
3 Months +4.27% +5.34% -1.07%
6 Months +12.72% +4.60% +8.12%
YTD +7.12% +5.97% +1.15%
1 Year +39.87% +11.49% +28.38%
3 Years +48.69% +14.20% +34.49%
5 Years +32.96% +5.45% +27.51%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPDW Fees XLRE Fees You Save
$10,000 10 years $60 $159 $99
$10,000 20 years $258 $686 $427
$10,000 30 years $835 $2,212 $1,377
$50,000 10 years $299 $797 $497
$50,000 30 years $4,176 $11,061 $6,886
$100,000 30 years $8,352 $22,123 $13,771

Risk Metrics

Based on 5 years of daily returns

Metric SPDW XLRE
Annualized Volatility 16.4% 19.1%
Max Drawdown -33.0% -37.9%
Sharpe Ratio 0.16 -0.08

Dividend Comparison

Metric SPDW XLRE
Annual Dividend (per share) $1.47 $1.40
Dividend Yield 3.05% 3.27%
Distribution Frequency Semi-Annual or Annual Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

SPDW Top Holdings

NameWeight
Samsung Electronics Co., Ltd.!lon/SMSN2.13%
ASML Holding N.V.!ams/ASML1.71%
SK hynix Inc.!krx/0006601.19%
AstraZeneca PLC!lon/AZN0.99%
HSBC Holdings plc!lon/HSBA0.97%
Novartis AG!swx/NOVN0.93%
Roche Holding AG!swx/ROP0.87%
Shell plc!lon/SHEL0.83%
Nestlé S.A.!swx/NESN0.81%
Toyota Motor Corporation!tyo/72030.81%

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 SPDW if...

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

Choose SPDW if...

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

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