XLREETF / FundState Street(R) Real Estate Select Sector SPDR(R) ETF
Verdicts genuinely change. Free email alert the moment XLRE's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
State Street(R) Real Estate Select Sector SPDR(R) ETF · SELECT SECTOR SPDR TRUST
34 holdings
NON-COMPLIANT 56.03% of portfolio weight is in non-compliant holdings, over the 5% threshold.
34 holdings, 30 matched (97% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
0.80% of this portfolio’s income is non-permissible — weighted across holdings, computed over 90% of portfolio weight (28 of 34 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
39.8% compliant 1.2% questionable 56.0% non-compliant 2.6% unscreened
All holdings (34)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WELL Welltower Inc | COMPLIANT | 11.01% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| PLD Prologis Inc | COMPLIANT | 8.68% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| EQIX Equinix Inc | COMPLIANT | 7.06% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| AMT American Tower Corp | NON_COMPLIANT | 5.23% | AAOIFI52.7% Usmani71.1% Dow Jones Islamic52.4% S&P Shariah52.4% MSCI Islamic71.1% MSCI Islamic M-Series52.4% FTSE Shariah58.8% |
| SPG Simon Property Group Inc | NON_COMPLIANT | 4.98% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| O Realty Income Corp | NON_COMPLIANT | 4.55% | AAOIFI3.9% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| DLR Digital Realty Trust Inc | COMPLIANT | 4.53% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| PSA Public Storage | NON_COMPLIANT | 4.48% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
| VTR Ventas Inc | COMPLIANT | 4.47% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| CBRE CBRE Group Inc | COMPLIANT | 4.08% | AAOIFI20.1% Usmani27.9% Dow Jones Islamic19.6% S&P Shariah22.3% MSCI Islamic27.2% MSCI Islamic M-Series22.3% FTSE Shariah19.0% |
| IRM Iron Mountain Inc | NON_COMPLIANT | 3.89% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| CCI Crown Castle Inc | NON_COMPLIANT | 3.42% | AAOIFI67.9% Usmani108.8% Dow Jones Islamic61.9% S&P Shariah60.7% MSCI Islamic108.8% MSCI Islamic M-Series60.7% FTSE Shariah84.8% |
| EXR Extra Space Storage Inc | NON_COMPLIANT | 3.18% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| VICI VICI Properties Inc | NON_COMPLIANT | 3.01% | AAOIFI57.8% Usmani35.1% Dow Jones Islamic55.7% S&P Shariah58.1% MSCI Islamic35.1% MSCI Islamic M-Series58.1% FTSE Shariah35.1% |
| AVB AvalonBay Communities Inc | NON_COMPLIANT | 2.71% | AAOIFIfail Usmanifail Dow Jones Islamic— S&P Shariah— MSCI Islamicfail MSCI Islamic M-Series— FTSE Shariahfail |
| Equity Residential | UNSCREENED | 2.40% | no in-house ratios for this holding |
| ESS Essex Property Trust Inc | NON_COMPLIANT | 1.94% | AAOIFI35.7% Usmani49.5% Dow Jones Islamic37.2% S&P Shariah39.3% MSCI Islamic49.5% MSCI Islamic M-Series39.3% FTSE Shariah49.5% |
| SBAC SBA Communications Corp | NON_COMPLIANT | 1.94% | AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4% |
| WY Weyerhaeuser Co | NON_COMPLIANT | 1.79% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| KIM Kimco Realty Corp | NON_COMPLIANT | 1.77% | AAOIFI51.8% Usmani38.5% Dow Jones Islamic53.4% S&P Shariah57.2% MSCI Islamic38.5% MSCI Islamic M-Series57.2% FTSE Shariah38.5% |
| INVH Invitation Homes Inc | NON_COMPLIANT | 1.71% | AAOIFI52.4% Usmani46.2% Dow Jones Islamic47.8% S&P Shariah46.8% MSCI Islamic46.2% MSCI Islamic M-Series46.8% FTSE Shariah46.2% |
| MAA Mid-America Apartment Communities Inc | NON_COMPLIANT | 1.67% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HST Host Hotels & Resorts Inc | NON_COMPLIANT | 1.56% | AAOIFI8.4% Usmani9.6% Dow Jones Islamic10.8% S&P Shariah11.0% MSCI Islamic9.6% MSCI Islamic M-Series11.0% FTSE Shariah9.6% |
| DOC Healthpeak Properties Inc | NON_COMPLIANT | 1.53% | AAOIFI67.5% Usmani46.3% Dow Jones Islamic80.6% S&P Shariah86.7% MSCI Islamic46.3% MSCI Islamic M-Series86.7% FTSE Shariah46.3% |
| REG Regency Centers Corp | NON_COMPLIANT | 1.36% | AAOIFI36.3% Usmani38.4% Dow Jones Islamic38.6% S&P Shariah41.4% MSCI Islamic38.4% MSCI Islamic M-Series41.4% FTSE Shariah38.4% |
| UDR UDR Inc | NON_COMPLIANT | 1.22% | AAOIFI41.8% Usmani54.8% Dow Jones Islamic45.2% S&P Shariah46.9% MSCI Islamic54.8% MSCI Islamic M-Series46.9% FTSE Shariah54.8% |
| CSGP CoStar Group Inc | QUESTIONABLE | 1.20% | AAOIFI9.1% Usmani11.4% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic11.3% MSCI Islamic M-Series3.9% FTSE Shariah9.8% |
| CPT Camden Property Trust | NON_COMPLIANT | 1.19% | AAOIFI49.3% Usmani51.3% Dow Jones Islamic43.8% S&P Shariah45.2% MSCI Islamic51.3% MSCI Islamic M-Series45.2% FTSE Shariah51.3% |
| BXP BXP Inc | NON_COMPLIANT | 1.02% | AAOIFI9.3% Usmani3.9% Dow Jones Islamic9.6% S&P Shariah9.9% MSCI Islamic3.9% MSCI Islamic M-Series9.9% FTSE Shariah3.9% |
| FRT Federal Realty Investment Trust | NON_COMPLIANT | 1.00% | AAOIFI48.5% Usmani54.6% Dow Jones Islamic56.8% S&P Shariah59.6% MSCI Islamic54.6% MSCI Islamic M-Series59.6% FTSE Shariah54.6% |
| ARE Alexandria Real Estate Equities Inc | NON_COMPLIANT | 0.86% | AAOIFI183.2% Usmani37.0% Dow Jones Islamic113.6% S&P Shariah95.2% MSCI Islamic37.0% MSCI Islamic M-Series95.2% FTSE Shariah37.0% |
| State Street Global Advisors | UNSCREENED | 0.13% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Chicago Mercantile Exchange | UNSCREENED | 0.01% | no in-house ratios for this holding |
The published standards disagree about this fund by 35 points of portfolio weight — 42.5% of it passes AAOIFI, 7.1% passes Usmani. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 42.5% ratios fail on 36.1% 20.9% not rated under AAOIFI
ratios pass on 7.1% ratios fail on 59.0% 33.5% not rated under Usmani
ratios pass on 39.9% ratios fail on 36.1% 23.7% not rated under Dow Jones Islamic
ratios pass on 39.9% ratios fail on 36.1% 23.7% not rated under S&P Shariah
ratios pass on 15.6% ratios fail on 63.1% 20.9% not rated under MSCI Islamic
ratios pass on 39.9% ratios fail on 36.1% 23.7% not rated under MSCI Islamic M-Series
ratios pass on 19.6% ratios fail on 59.0% 20.9% not rated under FTSE Shariah
30 of 34 listed holdings carry our own per-methodology verdicts (97% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 29 (94% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| AMT American Tower Corp | 5.23% |
| SPG Simon Property Group Inc | 4.98% |
| O Realty Income Corp | 4.55% |
| PSA Public Storage | 4.48% |
| IRM Iron Mountain Inc | 3.89% |
| CCI Crown Castle Inc | 3.42% |
| EXR Extra Space Storage Inc | 3.18% |
| VICI VICI Properties Inc | 3.01% |
| AVB AvalonBay Communities Inc | 2.71% |
| ESS Essex Property Trust Inc | 1.94% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
State Street(R) Real Estate Select Sector SPDR(R) ETF (XLRE) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for XLRE — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 56.10 | NEUTRAL |
| Stochastic %K (14) | 78.12 | NEUTRAL |
| CCI (20) | 146.10 | SELL |
| Williams %R (14) | -21.88 | NEUTRAL |
| MACD (12,26,9) | 0.22 | BUY |
| ROC (10) | 2.31 | BUY |
| Momentum (10) | 0.96 | BUY |
| EMA (10) | 42.07 | BUY |
| SMA (10) | 42.06 | BUY |
| EMA (20) | 41.95 | BUY |
| SMA (20) | 41.52 | BUY |
| EMA (30) | 42.10 | BUY |
| SMA (30) | 41.78 | BUY |
| EMA (50) | 42.47 | BUY |
| SMA (50) | 42.69 | SELL |
| EMA (100) | 42.81 | SELL |
| SMA (100) | 43.51 | SELL |
| EMA (200) | 42.17 | BUY |
| SMA (200) | 42.70 | SELL |
About State Street(R) Real Estate Select Sector SPDR(R) ETF
Under normal market conditions, the fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Real Estate companies by the Global Industry Classification Standard (GICS®). The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 64 |
| ⏰ 4H | BULLISH | 43 |
| 🕐 1H | RANGING | 98 |
| ⏱ 15-Min | RANGING | 130 |
| ⏲ 5-Min | BULLISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-20 · Asset managers net 901377 (-14458)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.