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DFAR vs USRT

DFA Real Estate Securities Portfolio ETF Class Shares

DFARANYSE Arca

iShares Core U.S. REIT ETF

USRTANYSE Arca

Overlap

Expense ratio

USRT −0.11pt a year

DFAR0.19%USRT0.08%

Avg volume · 30D

DFAR 3.1×the volume

DFAR2.41MUSRT787K

3Y return · a year

USRT +1.9pt

DFAR+13.6%USRT+15.5%

DFAR vs USRT Performance

Oct 31, 2025 – Oct 30, 2026

+13.1%DFAR+13.9%USRT

Oct 31, 2025 to Oct 30, 2026. DFAR +13.1%. USRT +13.9%. Use the arrow keys to read each point.0%5%20%25%Oct 2025Apr 2026Oct 2026
Expense ratio
DFAR 0.19%
USRT 0.08%, better
Fund size
DFAR $8.44B
USRT $4.29B
1Y total return
DFAR +13.1%
USRT +13.9%, better
Yield (12M)
DFAR 3.42%, better
USRT 2.75%
Holdings
DFAR 124
USRT 126
Avg volume (30D)
DFAR 2.41M sh, better
USRT 787K sh
NAV per share
DFAR $25.41
USRT $63.78
52W range

ETF.net Grade

DFAR: Cost 67, Risk 54, Mission 100, Tradability 75, Holdings 77, Durability 75. USRT: Cost 93, Risk 61, Mission 100, Tradability 81, Holdings 53, Durability 78.
Pillar letters and Scores for DFAR, USRT, with each pillar’s weight
PillarDFARUSRT
Cost30% weightB67A93Higher
Mission25% weightA100A100
Risk15% weightC54B61Higher
Tradability15% weightA75A81Higher
Holdings10% weightA77HigherC53
Durability5% weightA75A78Higher

Rank among US Real Estate funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DFAR and USRT are both graded against the same 21 US Real Estate funds, so their Grades compare head to head.

US Real Estate⁠

Category · 21 funds
See all 21 ›

USRT ranks 1st and DFAR 5th of 21 funds in the US Real Estate Category.

  1. Rank 1ASCHHSchwab U.S. REIT ETFScore 83
  2. Rank 1AUSRTiShares Core U.S. REIT ETFScore 83
  3. Rank 3AFRELFidelity MSCI Real Estate Index ETFScore 80
  4. Rank 4AXLREState Street Real Estate Select Sector SPDR ETFScore 78
  5. Rank 5ADFARDFA Real Estate Securities Portfolio ETF Class SharesScore 75
  6. Rank 6AVNQVanguard Real Estate ETFScore 74

Our read on each fund

ETF.net Research

DFARADFA Real Estate Securities Portfolio ETF Class Shares

USRTAiShares Core U.S. REIT ETF

In short

DFAR Dimensional's take on US property: roughly 130 real estate names for 0.19% a year, while the typical peer in the category charges about double. A 2022 arrival that does one job and stays inside the lines.

USRT Cheap, 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.

Stated mandate

DFAR The fund seeks to achieve long-term capital appreciation.

USRT The fund seeks to track an index composed of U.S. real estate equities.

Why people hold it

  • DFAR 0.19% a year against a real estate cohort median near 0.37%. Sector funds rarely hand back that much of the toll.
  • The label and the portfolio match: broad US real estate, no drift into adjacent sectors. One of the tighter mandate implementations among its two dozen category rivals.
  • Roughly 130 holdings, so no single landlord runs the show. A multi-billion-dollar fund that trades actively, which helps keep buying and selling costs modest.
  • Rent shows up on a schedule: the fund distributes quarterly, and the stated goal is long-term capital appreciation.
  • USRT 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

  • DFAR Cheaper doors into the same room exist: SCHH and USRT run at 0.08%, VNQ at 0.13%.
  • One country, one sector. Real estate moves with interest rates and property cycles, so the ride is bumpier than a broad market fund.
  • Launched in 2022, so the record is short next to peers that have lived through more than one property cycle.
  • USRT 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

Full DFAR profile⁠

Full USRT profile⁠

DFAR vs USRT 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.

DFAR vs USRT Cost

Overpaying DFAR vs USRT

$2,263

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

  • DFAR 0.19%

    $3,952

  • USRT 0.08%

    $1,689

$10,000
30 years

Cost over time

  • DFAR 0.19%
  • USRT 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530DFAR $3,952USRT $1,689

Year by year

YearDFARUSRTOverpaying
10$347$147$200
20$1,351$575$776
30$3,952$1,689$2,263

Expense ratio

  • 0.19%DFAR
  • 0.08%USRT, cheaper
  • Middle half of US Real Estate funds
  • Median 0.35%

USRT 2nd cheapest of 21 funds

DFAR 8th cheapest of 21 funds

DFAR vs USRT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFAR 3.42%, better
USRT 2.75%
Payout (12M)
DFAR $0.87
USRT $1.75
Last payment
DFAR $0.31
USRT $0.47
Ex-dividend
DFAR Sep 22, 2026
USRT Sep 15, 2026
Paid on
DFAR Sep 24, 2026
USRT Sep 18, 2026
Frequency
DFAR Quarterly
USRT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFARQuarterly · 19 paymentsAll DFAR payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Mar 22, 2022 $0.0078; Jun 22, 2022 $0.03; Sep 20, 2022 $0.09; Dec 20, 2022 $0.24; Mar 21, 2023 $0.04; Jun 21, 2023 $0.16; Sep 19, 2023 $0.22; Dec 19, 2023 $0.28; Mar 19, 2024 $0.02; Jun 18, 2024 $0.15; Sep 17, 2024 $0.15; Dec 17, 2024 $0.36; Mar 25, 2025 $0.02; Jun 24, 2025 $0.14; Sep 23, 2025 $0.14; Dec 16, 2025 $0.38; Mar 24, 2026 $0.04; Jun 23, 2026 $0.14; Sep 22, 2026 $0.31. Use the arrow keys to read each point.$0$12017202020232026YTD
USRTQuarterly · 39 paymentsAll USRT payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.48; Jun 27, 2017 $0.46; Sep 26, 2017 $0.44; Dec 19, 2017 $0.32; Mar 22, 2018 $0.47; Jun 26, 2018 $0.50; Sep 26, 2018 $1.27; Dec 17, 2018 $0.30; Mar 20, 2019 $0.44; Jun 17, 2019 $0.39; Sep 24, 2019 $0.46; Dec 16, 2019 $0.54; Mar 25, 2020 $0.43; Jun 15, 2020 $0.33; Sep 23, 2020 $0.34; Dec 14, 2020 $0.40; Mar 25, 2021 $0.34; Jun 10, 2021 $0.36; Sep 24, 2021 $0.25; Dec 13, 2021 $0.59; Mar 24, 2022 $0.26; Jun 9, 2022 $0.26; Sep 26, 2022 $0.64; Dec 13, 2022 $0.56; Mar 23, 2023 $0.30; Jun 7, 2023 $0.28; Sep 26, 2023 $0.59; Dec 20, 2023 $0.56; Mar 21, 2024 $0.27; Jun 11, 2024 $0.29; Sep 25, 2024 $0.56; Dec 17, 2024 $0.51; Mar 18, 2025 $0.25; Jun 16, 2025 $0.38; Sep 16, 2025 $0.42; Dec 16, 2025 $0.70; Mar 17, 2026 $0.21; Jun 15, 2026 $0.37; Sep 15, 2026 $0.47. Use the arrow keys to read each point.$0$12017202020232026YTD

DFAR vs USRT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFAR 16.4%USRT 16.1%, better
Return per unit of riskSharpe ratio, 3 years
DFAR 0.59USRT 0.70, better
Worst fallMax drawdown, 5 years
DFAR −32.3%since Feb 2022USRT −31.0%
Market sensitivityBeta, 5 years
DFAR 0.92USRT 0.96

DFAR and USRT in the news

All news⁠

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