XLRE tracks a market cap-weighted index of REITs and real estate stocks, excluding mortgage REITs, from the S&P 500. XLRE represents the new real estate sector concentrated portfolio of mostly large-caps . XLF provided roughly $3B in AUM in the form of REITs to XLRE in return for its shares, which were then distributed to XLF shareholders, thus providing a massive boost to XLRE’s AUM.
Sector ETFs
JETS is the diversified Airlines Sector ETF. As a subset of the Transports sector, this ETF tracks the XAL almost perfectly but can actually be traded on both the shares & options side (XAL cannot be trades its purely an index in the academic sense purely from a nominal basis.) If you want to play the airlines but don’t know enough about the specifics of each balance sheet, don’t worry this is the perfect diversified instrument for you to play.