Category Review
Vanguard's property fund lost a first-half lead over stocks
iShares Core U.S. REIT ETF
$62.01−0.05 (−0.08%)
- 0.08%
- $4.2B
- +12.8%
- 2.83%
- 0.7M sh
- $61.55
- low $56.44high $70.09
The ETF.net USRT Grade
A
Score 81 out of 100
- 3 of 22
Score 81 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A93 out of 100Rank 1 of 22Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 16Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 2 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 7 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C51 out of 100Rank 14 of 22Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A78 out of 100Rank 3 of 22
Our read on USRT
ACheap, plain-vanilla ownership of U.S. landlords: roughly 130 equity REITs for eight basis points, running since 2007. One of the least expensive doors into the real estate aisle.
The fund seeks to track an index composed of U.S. real estate equities.
Why people hold it
- 0.08% a year against a 0.37% median for U.S. real estate funds. Among the category's heavyweights, only SCHH (0.07%) is cheaper.
- Tracks the FTSE Nareit Equity REITs 40 Act Capped Index with very little drift, one of the tightest index jobs in its peer group.ishares.com
- Live since 2007, a multi-billion-dollar fund from iShares, holding about 130 REITs across the U.S. property market.ishares.com
Worth knowing
- One sector, one country. Real estate swings with rates and property cycles, so expect a bumpier ride than a broad U.S. stock fund.
- Actively traded, but the aisle's largest funds (VNQ, SCHH) turn over more shares. Worth watching the spread on chunky orders.
- Income arrives quarterly, not monthly.ishares.com
USRT Holdings
- Other
- 127
- 50%
- WELL
Sectors
- Health Care REITs21.5%
- Retail Reits19.0%
- Industrial REITs13.3%
- Data Center REITs11.9%
- Multi-Family Residential REITs9.9%
- Self Storage REITs8.3%
- Single-Family Residential REITs5.2%
- Hotel & Resort REITs4.1%
- Office REITs4.1%
- Diversified REIT's2.8%
Geography
- United States100.00%
USRT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
USRT$11,276
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | USRT |
|---|---|
| Year to date | +10.8% |
| 1 month | −3.0% |
| 3 months | −6.3% |
| 1 year | +12.8% |
| 3 years | +12.7% |
| 5 years | +3.6% |
| 10 years | +6.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | USRT |
|---|---|---|
| 2026 YTD | +10.8% | |
| 2025 | +2.5% | |
| 2024 | +8.6% | |
| 2023 | +13.7% | |
| 2022 | −24.4% | |
| 2021 | +43.2% | |
| 2020 | −8.1% |
USRT in the news
USRT Dividends
- 2.83%
- $1.75
- $0.47 per share
- Quarterly
Distribution history
USRT Risk
- 16.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.52
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −31.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.96
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USRT Cost
0.08%
USRT0.08%
- The middle half of US Real Estate funds
- Median 0.35%
1 of the 21 US Real Estate funds charge less.
Other funds in US Real Estate
- AFRELFidelity MSCI Real Estate Index ETFExpense ratio 0.08%1 year return +6.9%
- ASCHHSchwab U.S. REIT ETFExpense ratio 0.07%1 year return +10.9%
- AXLREState Street Real Estate Select Sector SPDR ETFExpense ratio 0.08%1 year return +6.7%
- ADFARDFA Real Estate Securities Portfolio ETF Class SharesExpense ratio 0.22%1 year return +10.8%
- AVNQVanguard Real Estate ETFExpense ratio 0.13%1 year return +7.6%