SRVR vs XLRE: Real Estate ETF Showdown
Institutional side-by-side analysis of fees, dividend cash flows, and underlying holdings overlap.
Key Fundamental Specifications
| Metric | SRVR | XLRE |
|---|---|---|
| Annual Expense Ratio | 0.60% | 0.09% Lowest Fee |
| Annual Dividend Yield | 3.10% | 3.32% Higher Yield |
| Assets Under Management (AUM) | $1.1 Billion | $5.9 Billion |
| Number of Holdings | 25 Constituents | 31 Constituents |
| Fund Issuer | Pacer ETFs | State Street SPDR |
| Benchmark Index | Kelly Data Center & 5G Infrastructure Index | Real Estate Select Sector Index (S&P 500) |
Top Holdings & Weight Overlap
Constituent weights across both funds:
| REIT Constituent | SRVR Weight | XLRE Weight |
|---|---|---|
| EQIX Equinix Inc. | 15.2% | 9.4% |
| DLR Digital Realty Trust | 14.8% | 6.0% |
| AMT American Tower Corp. | 14.1% | 0.0% |
| CCI Crown Castle Inc. | 12.5% | 0.0% |
| SBAC SBA Communications | 8.4% | 0.0% |
| PLD Prologis Inc. | 0.0% | 11.8% |
| WELL Welltower Inc. | 0.0% | 10.2% |
| SPG Simon Property Group | 0.0% | 6.7% |
| PSA Public Storage | 0.0% | 6.2% |
| O Realty Income Corp. | 0.0% | 5.8% |
Institutional Verdict: SRVR or XLRE?
Fee Advantage: XLRE offers the lower expense ratio at 0.09% vs 0.60%. Over a 20-year holding period, lower expense drag preserves thousands of dollars in cumulative returns.
Yield Generation: For income-focused investors, XLRE provides the higher current dividend yield at 3.32%, making it more attractive for living off dividend cash flow.
Conclusion: If your priority is low-cost passive index tracking, choose XLRE. If your mandate is maximum immediate dividend yield, choose XLRE.
Frequently Asked Questions
What is the difference between SRVR and XLRE?
Pacer Data & Infrastructure Real Estate ETF (SRVR) is issued by Pacer ETFs with an expense ratio of 0.60% and dividend yield of 3.10%. In comparison, Real Estate Select Sector SPDR (XLRE) is issued by State Street SPDR charging 0.09% with a yield of 3.32%.
Which REIT ETF has lower fees: SRVR or XLRE?
XLRE has the lower annual expense ratio (0.09% vs 0.60%), saving long-term investors money on compounding fee drag.
Which ETF pays a higher dividend yield: SRVR or XLRE?
XLRE currently pays the higher annualized dividend yield (3.32% vs 3.10%).
Can I hold both SRVR and XLRE in a portfolio?
While you can hold both, SRVR and XLRE share significant constituent overlap in top REITs like Prologis, American Tower, and Equinix. Holding both may cause redundant portfolio exposure.