S&P 500 real estate stocks emerged as laggards in Q1, with the Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) earning a negative return of 2.23% when the broader S&P 500 gained by 10.79%.
The real estate-focused ETF saw net inflows of ~$484.73M during the quarter, almost half of roughly $876.65M inflows in the previous quarter, according to the ETF news and analysis provider, etf.com.
“XLRE offers exposure to the REIT sector across a fairly concentrated 34 stocks. It performs well compared to its peers and has excellent liquidity. However, I am not that attracted by its 3.42% yield and its simple selection process,” SA author MacroGirl said.