DFGR vs REET: Grades, Fees and Holdings Compared

Dimensional Global Real Estate ETF

DFGRANYSE Arca

iShares Global REIT ETF

REETANYSE Arca

Overlap

89.0%by weight

Expense ratio

REET −0.07pt a year

DFGR0.21%REET0.14%

Avg volume · 30D

REET 5.5×the volume

DFGR543KREET3.02M

3Y return · a year

REET +0.3pt

DFGR+12.9%REET+13.2%

DFGR vs REET Performance

Oct 31, 2025 – Oct 30, 2026

+8.7%DFGR+8.6%REET

Expense ratio: DFGR 0.21%; REET 0.14%, better
Fund size: DFGR $3.91B; REET $4.77B
1Y total return: DFGR +8.7%, better; REET +8.6%
Yield (12M): DFGR 3.95%, better; REET 3.52%
Holdings: DFGR 434; REET 350
Avg volume (30D): DFGR 543K sh; REET 3.02M sh, better
NAV per share: DFGR $28.03; REET $26.44
52W range

ETF.net Grade

Pillar letters and Scores for DFGR, REET, with each pillar’s weight
Pillar	DFGR	REET
Cost30% weight	A82	A88Higher
Mission25% weight	Not scored	A99
Risk15% weight	B65Higher	B58
Tradability15% weight	A90	A100Higher
Holdings10% weight	B65Higher	D39
Durability5% weight	B68	A92Higher

Rank among Global & International Real Estate funds

How we build Categories ›

Same Category. DFGR 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 DFGR 2nd of 18 funds in the Global & International Real Estate Category.

Rank 1AREETiShares Global REIT ETFScore 78
Rank 2ADFGRDimensional Global Real Estate ETFScore 77
Rank 3AHAUZXtrackers International Real Estate ETFScore 75

Our read on each fund

ETF.net Research

DFGRADimensional Global Real Estate ETF

REETAiShares Global REIT ETF

In short

DFGR One ticker for the world's landlords: US, developed and emerging-market REITs in a single market-cap-weighted portfolio, traded by Dimensional's desk rather than on an index calendar. Roughly 500 names.

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

DFGR The fund seeks long-term capital appreciation by investing broadly in U.S. and non-U.S. companies principally engaged in real estate, including REITs and REIT-like entities.

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

DFGR Fee is 0.21% net of a waiver through February 28, 2027 (0.22% gross), below the category median, though index peers REET (0.14%) and HAUZ (0.10%) charge less.
Holds US and non-US real estate, developed and emerging markets, in one wrapper. HAUZ and VNQI are ex-US only, so pairing them with a US REIT fund is the usual workaround.sec.gov
No index to shadow: the prospectus lets Dimensional weight by market cap while flexing trade timing and capping country or issuer exposure.sec.gov
A multi-billion-dollar fund that trades actively, and it pays distributions quarterly.

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

DFGR Single-sector by design, so it moves with property markets and the rates that price them, with roughly 500 names spread across that one sector.
Foreign REITs mean currency moves land in your return; the fund may use currency forwards for settlement, not to hedge its exposure.sec.gov
Without a published index to track, there is no simple tracking-difference yardstick, and the waiver expires February 28, 2027, leaving the 0.22% gross fee.sec.gov

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 DFGR profile⁠

Full REET profile⁠

DFGR vs REET Holdings

How DFGR and REET differ

Overlap by weight

89.0%

Shared holdings make up 97.2% of REET and 89.8% of DFGR.

Level by level

Sector13 Sectors0.0%
Holdings279 in both89.0%
Countryby domicile94.7%
Asset classReal Estate100%

Sector

Sector weights in DFGR and REET, widest gap first
Sector	More in DFGRMore in REET	DFGR	REET
Real Estate	DFGR +98.6 points	98.6%	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	DFGR +1.3 points	1.3%	0.0%
Consumer Staples	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in DFGR and REET, widest gap first
Country	More in DFGRMore in REET	DFGR	REET
United States	REET +2.8 points	75.3%	78.1%
South Africa	DFGR +1.0 points	1.0%	0.0%
Canada	REET +0.8 points	1.1%	1.9%
Belgium	DFGR +0.9 points	0.9%	0.0%
Hong Kong	DFGR +0.9 points	0.9%	0.0%
Mexico	DFGR +0.7 points	0.7%	0.0%
United Kingdom	REET +0.6 points	3.6%	4.2%
Other countries (15)	DFGR +0.7 points	16.5%	15.8%

Outside the US: DFGR 89% developed, 11% emerging.

Concentration

Weight in the 10 largest Holdings

DFGR41.9%
REET43.2%

Securities held

DFGR414
REET326

Asset class

DFGR: Real Estate
REET: Real Estate

Holdings

Only in DFGR135
In both279
Only in REET47

Only in DFGR

135 securities, 9.9% of DFGR by weight

American Tower Corp. Reit4.34%
Crown Castle Inc1.65%
Sba Communications Corp0.87%
Lamar Advertising Co0.71%
Outfront Media Inc0.27%
Embassy Office Parks Reit0.19%
Hyprop Investments Ltd0.09%
Ingenia Communities Group0.09%
Mindspace Business Parks0.07%
Brookfield India Real Est0.06%
Nexus Select Trust0.06%
Precinct Properties New Z0.05%
Shurugard0.04%
Cbl & Associates Properti0.04%
Summit Hotel Properties I0.04%
Frasers Property Thailand0.04%
Wha Premium Growth Freeho0.04%
Service Properties Trust0.04%
Klccp Stapled Group0.04%
Chatham Lodging Trust0.04%
Centuria Capital Group0.04%
Cto Realty Growth Inc0.04%
Ct Real Estate Investment0.04%
Empire State Realty Trust0.04%
Concentradora Fibra Danho0.03%
Jbg Smith Properties0.03%
Postal Realty Trust Inc0.03%
Property For Industry Ltd0.03%
Reysas Gayrimenkul Yatiri0.03%
Gladstone Commercial Corp0.03%
Alexander's Inc0.03%
SA Corporate Real Estate0.03%
Vital Infrastructure0.03%
Hudson Pacific Properties0.03%
Universal Health Realty I0.03%
Industrial Logistics Prop0.02%
Yeni Gimat Gayrimenkul Or0.02%
Torunlar Gayrimenkul Yati0.02%
Saul Centers Inc0.02%
Brandywine Realty Trust0.02%
Chiron Real Estate Inc0.02%
One Liberty Properties In0.02%
Slate Grocery Reit0.02%
Uniti Group Inc0.02%
Nexpoint Residential Trus0.02%
Community Healthcare Trus0.02%
Jadwa Reit Saudi Fund0.02%
Frontview Reit Inc0.02%
Alpine Income Property Tr0.01%
Health Care & Medical Inv0.01%

Only in REET

47 securities, 2.3% of REET by weight

Millrose Properties Inc Class A0.22%
Embassy Office Parks Reit Units0.22%
Lxp Industrial Trust0.20%
Sirius Real Estate Limited0.12%
Janus Living Inc Class A0.12%
Smartstop Self Storage Reit Inc0.12%
Knowledge Realty Trust Units0.10%
Grainger Reit PLC0.10%
Great Portland Estates Reit PLC0.10%
Safestore Holdings Reit PLC0.09%
Supermarket Income Reit PLC0.09%
Mindspace Business Parks Reits Uni0.08%
Btg Pactual Logistica Fdo Inv Imob0.07%
Shurgard Self Storage Ltd0.05%
Frasers Property0.05%
Centurion Accommodation Reit Units0.04%
Vital Infrastructure Property Unit0.04%
Cpn Retail Growth Leasehold Reit U0.04%
Ntt Dc Reit Units0.04%
Dubai Residential Reit Unit0.04%
Workspace Group Reit PLC0.04%
Safehold Inc0.04%
Stoneweg Europe Stapled Trust0.03%
Wha Premium Growth Freehold and Le0.03%
Vinci Shopping Centers Fdo Invest0.03%
Hedge Brasil Shopping Fdo Inv Imob0.03%
Newriver Reit PLC0.03%
Living Reit PLC0.02%
Bresco Logistica Fdo Inv Imob0.02%
Ggr Covepi Renda Fdo Inv Imob Cf0.02%
Hsi Malls Fi Imobiliario0.02%
Fdo Inv Imob Alianza Trust Renda I0.02%
Fii Vincilog Etf0.02%
Helical Reit PLC0.01%
Aew Uk Reit PLC0.01%
Healthcare & Medical Investment Re0.01%
Is Real Estate Investment Trust Re<0.01%
Bonyan Reit Units<0.01%
Alinma Hospitality Reit<0.01%
Regional Reit Ltd<0.01%
Alkhabeer Reit<0.01%
Al Maather Reit Units<0.01%
Mulkia Gulf Real Estate Reit Units<0.01%
Musharaka Reit Units<0.01%
Alarko Gayrimenkul Yatirim Ortakli<0.01%
Brl/Usd0.00%
Sar/Usd0.00%

Weight gaps

The 100 widest of 279 Holdings in both funds.

Holding weights in DFGR and REET, widest gap first
Holding	More in DFGRMore in REET	DFGR	REET
Welltower IncWELL	REET +0.88 points	8.71%	9.59%
Prologis Inc.PLD	REET +0.57 points	6.29%	6.86%
Equinix IncEQIX	REET +0.34 points	5.31%	5.65%
Vivmark ResidentialVMRK	REET +0.35 points	2.32%	2.67%
Public StoragePSA	REET +0.32 points	2.77%	3.09%
Simon Property Group Inc.SPG	REET +0.32 points	3.62%	3.94%
Digital Realty Trust IncDLR	REET +0.28 points	3.51%	3.79%
Ventas Inc.VTR	REET +0.22 points	2.23%	2.45%
Realty Income CorporationO	REET +0.20 points	2.81%	3.01%
Invitation Homes IncINVH	REET +0.16 points	0.73%	0.89%
Extra Space Storage Inc.EXR	REET +0.15 points	1.65%	1.80%
Riocan Real Estate Invest	REET +0.13 points	0.12%	0.25%
Iron Mountain IncIRM	REET +0.12 points	1.83%	1.95%
Granite Real Estate Inves	REET +0.11 points	0.09%	0.20%
Udr IncUDR	REET +0.11 points	0.53%	0.64%
Regency Centers CorpREG	REET +0.11 points	0.66%	0.77%
Canadian Apartment Proper	REET +0.10 points	0.09%	0.19%
First Capital Real Estate	REET +0.10 points	0.10%	0.20%
Vici Properties IncVICI	REET +0.10 points	1.40%	1.50%
Unite Group Plc/TheUTG.L	REET +0.09 points	0.09%	0.18%
Gaming and Leisure ProperGLPI	REET +0.10 points	0.52%	0.62%
Equity Lifestyle PropertiELS	REET +0.09 points	0.56%	0.65%
Goodman Group	DFGR +0.08 points	2.23%	2.15%
Bxp IncBXP	REET +0.07 points	0.49%	0.56%
Segro PLCSGRO.L	DFGR +0.08 points	1.01%	0.93%
CubesmartCUBE	REET +0.08 points	0.47%	0.55%
Federal Realty InvestmentFRT	REET +0.07 points	0.46%	0.53%
Essex PropertyESS	REET +0.08 points	0.88%	0.96%
Sun Communities IncSUI	REET +0.07 points	0.70%	0.77%
Alexandria Real EstateARE	REET +0.07 points	0.32%	0.39%
Omega Healthcare InvestorOHI	REET +0.07 points	0.74%	0.81%
Healthpeak Properties IncDOC	REET +0.07 points	0.68%	0.75%
British Land Co Plc/TheBLND.L	DFGR +0.07 points	0.40%	0.33%
American Homes 4 RentAMH	REET +0.06 points	0.53%	0.59%
Kimco Realty Corp.KIM	REET +0.06 points	0.86%	0.92%
Choice Properties Real Es	REET +0.06 points	0.10%	0.16%
Dream Industrial Real Est	REET +0.06 points	0.08%	0.14%
Land Securities Group PLCLAND.L	DFGR +0.06 points	0.48%	0.42%
Mid-America ApartmentMAA	REET +0.06 points	0.71%	0.77%
Host Hotels & ResortsHST	REET +0.05 points	0.92%	0.97%
Tritax Big Box Reit PLCBBOX.L	DFGR +0.05 points	0.34%	0.29%
Smartcentres Real Estate	REET +0.05 points	0.09%	0.14%
Vornado Realty TrustVNO	REET +0.05 points	0.29%	0.34%
Ryman Hospitality PropertRHP	REET +0.05 points	0.45%	0.50%
Wp Carey IncWPC	REET +0.05 points	0.77%	0.82%
Eastgroup Properties IncEGP	REET +0.05 points	0.55%	0.60%
Unibail-Rodamco-Westfield	REET +0.06 points	0.62%	0.68%
H&R Real Estate Investmen	REET +0.05 points	0.05%	0.10%
Londonmetric Property PLCLMP.L	DFGR +0.05 points	0.37%	0.32%
American Healthcare ReitAHR	DFGR +0.05 points	0.63%	0.58%
Rexford Industrial RealtyREXR	REET +0.05 points	0.44%	0.49%
Brixmor Property Group InBRX	REET +0.04 points	0.46%	0.50%
Primary Health PropertiesPHP.L	DFGR +0.05 points	0.22%	0.17%
Primaris Real Estate Inve	REET +0.05 points	0.06%	0.11%
Caretrust Reit IncCTRE	REET +0.04 points	0.44%	0.48%
Fibra Mty Sapi De Cv	REET +0.04 points	0.18%	0.22%
Big Yellow Group PLCBYG.L	REET +0.04 points	0.09%	0.13%
Boardwalk Real Estate Inv	REET +0.05 points	0.05%	0.10%
Crombie Real Estate Inves	REET +0.04 points	0.03%	0.07%
Macerich Co/TheMAC	REET +0.03 points	0.36%	0.39%
Target Healthcare Reit PlTHRL.L	REET +0.04 points	0.02%	0.06%
Agree Realty CorpADC	REET +0.03 points	0.43%	0.46%
Healthcare Realty Trust IHR	REET +0.03 points	0.31%	0.34%
Killam Apartment Real Est	REET +0.03 points	0.05%	0.08%
Gecina SA	REET +0.04 points	0.17%	0.21%
Camden Property TrustCPT	REET +0.03 points	0.53%	0.56%
Stag Industrial IncSTAG	REET +0.03 points	0.37%	0.40%
Kilroy Realty CorpKRC	REET +0.03 points	0.21%	0.24%
Digico Infrastructure Rei	REET +0.03 points	<0.01%	0.04%
First Industrial Realty TFR	REET +0.03 points	0.38%	0.41%
Derwent London PLCDLN.L	DFGR +0.03 points	0.18%	0.15%
Colonial SFL Socimi SA	REET +0.03 points	0.09%	0.12%
Rl Commercial Reit Inc	REET +0.03 points	0.01%	0.04%
Shaftesbury Capital PLCSHC.L	DFGR +0.03 points	0.19%	0.16%
Nnn Reit IncNNN	REET +0.03 points	0.41%	0.44%
Essential Properties RealEPRT	REET +0.03 points	0.30%	0.33%
Suntec Real Estate Invest	REET +0.03 points	0.10%	0.13%
Custodian Property IncomeCREI.L	REET +0.03 points	<0.01%	0.03%
Phillips Edison & Co IncPECO	REET +0.02 points	0.26%	0.28%
Prologis Property Mexico	REET +0.02 points	0.25%	0.27%
Americold Realty TrustCOLD	REET +0.02 points	0.21%	0.23%
Schroder Real Estate InveSREI.L	REET +0.02 points	<0.01%	0.03%
Cousins Properties IncCUZ	REET +0.02 points	0.25%	0.27%
Curbline Properties CorpCURB	REET +0.02 points	0.15%	0.17%
Argan SA	REET +0.02 points	0.05%	0.07%
Fibra Uno Administracion	REET +0.02 points	0.27%	0.29%
Independence Realty TrustIRT	REET +0.03 points	0.17%	0.20%
Sabra Health Care Reit InSBRA	REET +0.02 points	0.26%	0.28%
Hammerson PLCHMSO.L	DFGR +0.02 points	0.16%	0.14%
Terreno Realty CorpTRNO	REET +0.02 points	0.37%	0.39%
Areit Inc	REET +0.02 points	0.03%	0.05%
Allied Properties Real Es	REET +0.02 points	0.01%	0.03%
Highwoods Properties IncHIW	REET +0.02 points	0.17%	0.19%
Icade	REET +0.01 points	0.03%	0.04%
Sl Green Realty CorpSLG	REET +0.01 points	0.19%	0.20%
United Urban Investment C	REET +0.01 points	0.16%	0.17%
Diversified Healthcare TrDHC	REET +0.02 points	0.08%	0.10%
Japan Metropolitan Fund I	DFGR +0.01 points	0.27%	0.26%
Mitsui Fudosan Logistics	DFGR +0.02 points	0.12%	0.10%
National Health InvestorsNHI	REET +0.02 points	0.16%	0.18%

All 466 DFGR 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.

DFGR vs REET Cost

Overpaying DFGR vs REET

$1,425

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

DFGR 0.21%
$4,357
REET 0.14%
$2,932

Amount$10,000

Years30 years

Cost over time

DFGR 0.21%
REET 0.14%
Overpaying

Year by year

Year	DFGR	REET	Overpaying
10	$383	$256	$127
20	$1,491	$1,000	$491
30	$4,357	$2,932	$1,425

Expense ratio

0.21%DFGR
0.14%REET, cheaper

REET0.14%DFGR0.21%

0.10%0.60%

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

REET 3rd cheapest of 18 funds

DFGR 4th cheapest of 18 funds

DFGR vs REET Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFGR 3.95%, better; REET 3.52%
Payout (12M): DFGR $1.11; REET $0.93
Last payment: DFGR $0.24; REET $0.23
Ex-dividend: DFGR Sep 22, 2026; REET Sep 15, 2026
Paid on: DFGR Sep 24, 2026; REET Sep 18, 2026
Frequency: DFGR Quarterly; REET Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFGRQuarterly · 16 paymentsAll DFGR payments⁠

REETQuarterly · 38 paymentsAll REET payments⁠

DFGR vs REET Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFGR 15.8%REET 15.4%, better
Return per unit of riskSharpe ratio, 3 years: DFGR 0.57REET 0.59, better
Worst fallMax drawdown, 5 years: DFGR −21.3%since Dec 2022REET −32.1%
Market sensitivityBeta, 5 years: DFGR 0.90REET 0.93; Market = 1

DFGR 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, 2026DFGRREET
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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