BLDG vs REET: Grades, Fees and Holdings Compared

Cambria Global Real Estate ETF

BLDGDCboe

iShares Global REIT ETF

REETANYSE Arca

Overlap

12.7%by weight

Expense ratio

REET −0.45pt a year

BLDG0.59%REET0.14%

Avg volume · 30D

REET 272.0×the volume

BLDG11.1KREET3.02M

5Y return · a year

BLDG +0.5pt

BLDG+1.7%REET+1.2%

BLDG vs REET Performance

Oct 29, 2021 – Oct 30, 2026

+8.7%BLDG+6.3%REET

Expense ratio: BLDG 0.59%; REET 0.14%, better
Fund size: BLDG $51M; REET $4.77B
1Y total return: BLDG +5.3%; REET +8.6%, better
Yield (12M): BLDG 5.69%, better; REET 3.52%
Holdings: BLDG 80; REET 350
Avg volume (30D): BLDG 11.1K sh; REET 3.02M sh, better
NAV per share: BLDG $25.10; REET $26.44
52W range

ETF.net Grade

Pillar letters and Scores for BLDG, REET, with each pillar’s weight
Pillar	BLDG	REET
Cost30% weight	F12	A88Higher
Mission25% weight	Not scored	A99
Risk15% weight	B66Higher	B58
Tradability15% weight	F19	A100Higher
Holdings10% weight	A80Higher	D39
Durability5% weight	D29	A92Higher

Rank among Global & International Real Estate funds

How we build Categories ›

Same Category. BLDG and REET are both graded against the same 18 Global & International Real Estate funds, so their Grades compare head to head.

Global & International Real Estate⁠

Category · 18 funds

See all 18 ›

REET ranks 1st and BLDG 16th of 18 funds in the Global & International Real Estate Category.

Rank 1AREETiShares Global REIT ETFScore 78
Rank 2ADFGRDimensional Global Real Estate ETFScore 77
Rank 15DRWXState Street SPDR Dow Jones International Real Estate ETFScore 36
Rank 16DBLDGCambria Global Real Estate ETFScore 34
Rank 17FDTREFirst Trust Alerian Disruptive Technology Real Estate ETFScore 24

Our read on each fund

ETF.net Research

BLDGDCambria Global Real Estate ETF

REETAiShares Global REIT ETF

In short

BLDG Most real estate ETFs buy the biggest landlords by market cap and stop there. Cambria goes global and active instead: US, developed and emerging-market property companies screened on value, quality and momentum, then about 80 of them held.

REET One ticker, roughly 300 listed REITs across developed and emerging markets, US included, for 0.14% a year. The plain-vanilla global landlord basket, at a fraction of what its category usually charges.

Stated mandate

BLDG The Fund is actively managed and invests primarily in domestic and foreign real-estate companies selected for favorable value, quality, and momentum metrics.

REET The fund seeks to track a global real-estate-equity index covering publicly listed REITs in developed and emerging markets.

Why people hold it

BLDG One ticker covers US, developed international and emerging-market real estate, not just domestic REITs.
Actively picked on value, quality and momentum, so the largest landlord doesn't automatically become the largest position.
0.59% expense ratio, below the median for its actively managed US equity peer group.
Live since 2020, pays on a quarterly schedule, and holds roughly 80 names rather than a few concentrated bets.

REET Charges 0.14% a year, well under the typical fee among global real estate funds.
Covers global REITs in one line, US included. Ex-US peers like VNQI and HAUZ leave the home market out by design.
Roughly 300 REITs spanning developed and emerging markets, with distributions paid quarterly.
A multi-billion-dollar, actively traded fund running since its 2014 launch, and it has hugged its index tightly.

Worth knowing

BLDG Thinly traded. Light volume can mean wider spreads between what you pay and what the shares are worth.
Foreign property companies add currency movement on top of real estate movement.
One sector, run by human judgment: outcomes track the managers' screens and the property cycle, not a broad market index.

REET One sector, start to finish. REIT prices move with property values and interest rates, and nothing outside real estate is here to offset that.
Foreign listings mean overseas currency moves flow into what a US investor sees.
The index holds REITs specifically, so real estate operators and developers not structured as REITs fall outside it.ishares.com

Full BLDG profile⁠

Full REET profile⁠

BLDG vs REET Holdings

How BLDG and REET differ

Overlap by weight

12.7%

Shared holdings make up 58.7% of BLDG and 12.7% of REET.

Level by level

Asset classEquity, Real Estate0.0%
Sector12 Sectors0.0%
Holdings44 in both12.7%
Countryby domicile69.9%

Sector

Sector weights in BLDG and REET, widest gap first
Sector	More in BLDGMore in REET	BLDG	REET
Real Estate	BLDG +98.7 points	98.7%	0.0%
Retail Reits	REET +19.9 points	0.0%	19.9%
Industrial REITs	REET +18.0 points	0.0%	18.0%
Health Care REITs	REET +17.8 points	0.0%	17.8%
Data Center REITs	REET +10.4 points	0.0%	10.4%
Diversified REIT's	REET +8.4 points	0.0%	8.4%
Multi-Family Residential REITs	REET +7.6 points	0.0%	7.6%
Self Storage REITs	REET +6.0 points	0.0%	6.0%
Office REITs	REET +5.5 points	0.0%	5.5%
Hotel & Resort REITs	REET +3.2 points	0.0%	3.2%
Single-Family Residential REITs	REET +3.2 points	0.0%	3.2%
Financials	BLDG +1.3 points	1.3%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in BLDG and REET, widest gap first
Country	More in BLDGMore in REET	BLDG	REET
United States	REET +14.4 points	63.7%	78.1%
Turkey	BLDG +9.7 points	9.7%	0.0%
Thailand	BLDG +6.9 points	6.9%	0.0%
Japan	REET +4.8 points	0.0%	4.8%
Australia	REET +4.5 points	1.7%	6.2%
United Kingdom	REET +4.2 points	0.0%	4.2%
Belgium	BLDG +4.2 points	4.2%	0.0%
Mexico	BLDG +2.8 points	2.8%	0.0%
Other countries (6)	BLDG +4.3 points	11.1%	6.8%

Outside the US: BLDG 43% developed, 57% emerging.

Concentration

Weight in the 10 largest Holdings

BLDG17.8%
REET43.2%

Securities held

BLDG78
REET326

Asset class

BLDG: Equity
REET: Real Estate

Holdings

Only in BLDG34
In both44
Only in REET282

Only in BLDG

34 securities, 40.9% of BLDG by weight

First American Treasury Obligations Fund 01/01/20403.93%
Summit Hotel Properties Inc1.62%
Chatham Lodging Trust1.47%
Automotive Properties Real Estate Investment Trust1.43%
CT Real Estate Investment Trust1.41%
Hyprop Investments Ltd1.36%
WHA Industrial Leasehold REIT1.36%
BA Airport Leasehold REIT1.35%
LH Shopping Centers Leasehold Real Estate Investment Trust1.34%
Dipula Properties Ltd1.33%
YTL Hospitality REIT1.33%
Granite Real Estate Investment Trust1.31%
INET Freehold and Leasehold Real Estate Investment Trust1.31%
Aims Apac Reit1.28%
Macquarie Mexico Real Estate1.26%
WHA Premium Growth Freehold & Leasehold Real Estate InvestmentTrust1.23%
Postal Realty Trust Inc1.22%
CTO Realty Growth Inc1.21%
Orion Properties Inc1.20%
Strawberry Fields REIT Inc1.20%
Torunlar Gayrimenkul Yatirim Ortakligi AS1.19%
Community Healthcare Trust Inc1.19%
Sasseur Real Estate Investment Trust1.19%
CBL & Associates Properties Inc1.16%
Panora Gayrimenkul Yatirim Ortakligi1.14%
Yeni Gimat Gayrimenkul Ortakligi AS1.12%
Alpine Income Property Trust Inc1.12%
Chiron Real Estate Inc1.09%
NET Lease Office Properties1.06%
Gladstone Land Corp1.01%
Pasifik Gayrimenkul Yatirim Ortakligi0.42%
Japanese Yen0.08%
Singapore Dollar<0.01%
Kizilbuk Gayrimenkul Yatirim Ortakligi AS0.00%

Only in REET

282 securities, 86.8% of REET by weight

Welltower9.59%
Prologis Reit6.86%
Equinix Reit5.65%
Simon Property Group Reit Inc3.94%
Digital Realty Trust Reit3.79%
Public Storage Reit3.09%
Realty Income Reit3.01%
Vivmark Residential2.67%
Ventas Reit2.45%
Goodman Group Units2.15%
Iron Mountain Inc1.95%
Extra Space Storage Reit1.80%
Vici Pptys Inc1.50%
Essex Property Trust Reit0.96%
Segro Reit PLC0.93%
Invitation Homes0.89%
W. P. Carey Reit0.82%
Sun Communities Reit Inc0.77%
Mid America Apartment Communities0.77%
Healthpeak Properties Inc0.75%
Link Real Estate Investment Trust0.74%
Scentre Group0.74%
Unibail Rodamco We Stapled Units0.68%
Equity Lifestyle Properties Reit I0.65%
Udr Reit0.64%
Capitaland Integrated Commercial T0.64%
American Homes Rent Reit Class A0.59%
American Healthcare Reit0.58%
Bxp0.56%
Camden Property Trust Reit0.56%
Cubesmart Reit0.55%
Ryman Hospitality Properties Reit0.50%
Klepierre Reit SA0.50%
Land Securities Group Reit PLC0.42%
Stockland Stapled Units Ltd0.41%
First Industrial Realty Trust0.41%
Capitaland Ascendas Reit0.40%
Macerich Reit0.39%
Charter Hall Group Stapled Units0.38%
Vicinity Centres0.38%
Gpt Group Stapled Units0.37%
Nippon Building Fund Reit0.35%
Healthcare Realty Trust Inc Class0.34%
Vornado Realty Trust Reit0.34%
British Land Reit0.33%
Essential Properties Realty Trust0.33%
Londonmetric Property Reit PLC0.32%
Merlin Properties Reit0.31%
Mirvac Group Stapled Units0.29%
Tritax Big Box Reit PLC0.29%

Weight gaps

All 44 Holdings in both funds, largest gap first.

Holding weights in BLDG and REET, widest gap first
Holding	More in BLDGMore in REET	BLDG	REET
Arena REIT	BLDG +1.61 points	1.65%	0.04%
Target Healthcare REIT PLCTHRL.L	BLDG +1.43 points	1.49%	0.06%
Pebblebrook Hotel TrustPEB	BLDG +1.41 points	1.55%	0.14%
Xenia Hotels & Resorts IncXHR	BLDG +1.41 points	1.52%	0.11%
RLJ Lodging TrustRLJ	BLDG +1.41 points	1.50%	0.09%
Attacq Ltd	BLDG +1.38 points	1.42%	0.04%
DiamondRock Hospitality CoDRH	BLDG +1.36 points	1.52%	0.16%
Ascencio	BLDG +1.34 points	1.36%	0.02%
Prosperity REIT	BLDG +1.32 points	1.33%	0.01%
Apple Hospitality REIT IncAPLE	BLDG +1.30 points	1.53%	0.23%
Immobiliare Grande Distribuzione SIIQ SpA	BLDG +1.29 points	1.30%	0.01%
Retail Estates NV	BLDG +1.25 points	1.29%	0.04%
LTC Properties IncLTC	BLDG +1.24 points	1.37%	0.13%
American Assets Trust IncAAT	BLDG +1.25 points	1.31%	0.06%
Piedmont Realty Trust IncPDM	BLDG +1.24 points	1.31%	0.07%
Fibra Uno Administracion SA de CV	BLDG +1.19 points	1.48%	0.29%
Innovative Industrial Properties IncIIPR	BLDG +1.20 points	1.28%	0.08%
AKIS Gayrimenkul Yatirimi AS	BLDG +1.17 points	1.18%	<0.01%
Easterly Government Properties IncDEA	BLDG +1.14 points	1.20%	0.06%
Highwoods Properties IncHIW	BLDG +1.12 points	1.31%	0.19%
Kilroy Realty CorpKRC	BLDG +1.10 points	1.34%	0.24%
Cousins Properties IncCUZ	BLDG +1.10 points	1.37%	0.27%
Four Corners Property Trust IncFCPT	BLDG +1.08 points	1.22%	0.14%
NETSTREIT CorpNTST	BLDG +1.08 points	1.17%	0.09%
COPT Defense PropertiesCDP	BLDG +1.05 points	1.26%	0.21%
Phillips Edison & Co IncPECO	BLDG +1.02 points	1.30%	0.28%
Sabra Health Care REIT IncSBRA	BLDG +0.97 points	1.25%	0.28%
Terreno Realty CorpTRNO	BLDG +0.96 points	1.35%	0.39%
Aedifica SA	BLDG +0.95 points	1.32%	0.37%
STAG Industrial IncSTAG	BLDG +0.92 points	1.32%	0.40%
Broadstone Net Lease IncBNL	BLDG +0.92 points	1.10%	0.18%
Rexford Industrial Realty IncREXR	BLDG +0.89 points	1.38%	0.49%
Brixmor Property Group IncBRX	BLDG +0.82 points	1.32%	0.50%
NNN REIT IncNNN	BLDG +0.79 points	1.23%	0.44%
Agree Realty CorpADC	BLDG +0.78 points	1.24%	0.46%
EastGroup Properties IncEGP	BLDG +0.75 points	1.35%	0.60%
CareTrust REIT IncCTRE	BLDG +0.75 points	1.23%	0.48%
Federal Realty Investment TrustFRT	BLDG +0.72 points	1.25%	0.53%
Alexandria Real Estate Equities IncARE	BLDG +0.69 points	1.08%	0.39%
Gaming and Leisure Properties IncGLPI	BLDG +0.62 points	1.24%	0.62%
Regency Centers CorpREG	BLDG +0.52 points	1.29%	0.77%
Omega Healthcare Investors IncOHI	BLDG +0.51 points	1.32%	0.81%
Host Hotels & Resorts IncHST	BLDG +0.50 points	1.47%	0.97%
Kimco Realty CorpKIM	BLDG +0.42 points	1.34%	0.92%

All 76 BLDG holdings⁠All 318 REET holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BLDG vs REET Cost

Overpaying BLDG vs REET

$8,703

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BLDG 0.59%
$11,635
REET 0.14%
$2,932

Amount$10,000

Years30 years

Cost over time

BLDG 0.59%
REET 0.14%
Overpaying

Year by year

Year	BLDG	REET	Overpaying
10	$1,058	$256	$802
20	$4,051	$1,000	$3,051
30	$11,635	$2,932	$8,703

Expense ratio

0.59%BLDG
0.14%REET, cheaper

REET0.14%BLDG0.59%

0.10%0.60%

Middle half of Global & International Real Estate funds
Median 0.49%

REET 3rd cheapest of 18 funds

BLDG 16th cheapest of 18 funds

BLDG vs REET Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BLDG 5.69%, better; REET 3.52%
Payout (12M): BLDG $1.43; REET $0.93
Last payment: BLDG $0.40; REET $0.23
Ex-dividend: BLDG Sep 18, 2026; REET Sep 15, 2026
Paid on: BLDG Sep 21, 2026; REET Sep 18, 2026
Frequency: BLDG Quarterly; REET Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BLDGQuarterly · 23 paymentsAll BLDG payments⁠

REETQuarterly · 38 paymentsAll REET payments⁠

BLDG vs REET Risk

Fall from peak · 5 years

BLDG
REET

Risk facts

VolatilityStd dev, 3 years: BLDG 13.6%, betterREET 15.4%
Return per unit of riskSharpe ratio, 3 years: BLDG 0.51REET 0.59, better
Worst fallMax drawdown, 5 years: BLDG −27.2%, betterREET −32.1%
Market sensitivityBeta, 5 years: BLDG 0.78REET 0.93; Market = 1

BLDG and REET in the news

All news⁠

Deep Dive
Global real estate ETFs that are up for 2026 are built mostly of U.S. REITs
Oct 14, 2026REET
Deep Dive
Equity REIT funds fell 1.3%. VanEck's mortgage REIT fund hit a 52-week low
Sep 12, 2026REET
Deep Dive
September's $2.74 billion CMBS wall is half of August's, with more already in special servicing
Sep 5, 2026REET

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BLDG vs REET

In short

Stated mandate

Why people hold it