DFGR vs VGSR: Grades, Fees and Holdings Compared

Dimensional Global Real Estate ETF

DFGRANYSE Arca

Vert Global Sustainable Real Estate ETF

VGSRBNasdaq

Overlap

62.1%by weight

Expense ratio

DFGR −0.24pt a year

DFGR0.21%VGSR0.45%

Avg volume · 30D

DFGR 4.1×the volume

DFGR543KVGSR131K

DFGR vs VGSR Performance

Oct 31, 2025 – Nov 2, 2026

+9.6%DFGR+8.8%VGSR

Expense ratio: DFGR 0.21%, better; VGSR 0.45%
Fund size: DFGR $3.94B; VGSR $495M
1Y total return: DFGR +9.6%, better; VGSR +8.8%
Yield (12M): DFGR 3.92%, better; VGSR 2.85%
Holdings: DFGR 434; VGSR 161
Avg volume (30D): DFGR 543K sh, better; VGSR 131K sh
NAV per share: DFGR $28.25; VGSR $10.95
52W range

ETF.net Grade

Pillar letters and Scores for DFGR, VGSR, with each pillar’s weight
Pillar	DFGR	VGSR
Cost30% weight	A82Higher	B68
Mission25% weight	Not scored	Not scored
Risk15% weight	B68Higher	B66
Tradability15% weight	A90Higher	B58
Holdings10% weight	B65Higher	B57
Durability5% weight	B68Higher	B58

Rank among Global & International Real Estate funds

How we build Categories ›

Same Category. DFGR and VGSR 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 ›

DFGR ranks 2nd and VGSR 6th 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 76
Rank 5BGQRENorthern Trust Global Quality Real Estate ETFScore 67
Rank 6BVGSRVert Global Sustainable Real Estate ETFScore 63
Rank 7BRWOState Street SPDR Dow Jones Global Real Estate ETFScore 57

Our read on each fund

ETF.net Research

DFGRADimensional Global Real Estate ETF

VGSRBVert Global Sustainable Real Estate 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.

VGSR One firm, one idea: global REITs screened on emissions, energy, water and green buildings, then held at roughly market-cap weights with Dimensional sub-advising. 0.45% net of a waiver through October 31, 2028.

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.

VGSR The Fund seeks long-term capital appreciation through an actively managed portfolio of sustainable real estate companies.

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.

VGSR Vert wrote the screen for real estate itself: emissions, energy, water, green buildings, green leasing, disclosure. It avoids third-party ESG ratings where it can.vertfunds.com vertfunds.com 2
Dimensional Fund Advisors sub-advises. Positions sit near market-cap weights and portfolio turnover runs low, a buy-and-hold book rather than a trading one.vertfunds.com vertfunds.com 2
Launched in 2017 as a mutual fund and converted to an ETF in December 2023, keeping the same manager, sub-adviser and strategy. Long history for a boutique shop.vertfunds.com sec.gov
Fee is 0.45% net of a waiver through October 31, 2028 (0.51% gross), near the median of its 18-fund global real estate group, and the fund sits in that group's upper half.

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

VGSR Index peers cost much less: HAUZ at 0.10%, REET at 0.14%. The fee here buys the sustainability screen and the engagement work, not wider exposure.
The screen disqualifies REITs for things like rising emissions or poor disclosure, so country and property-type weights can sit well away from a broad global REIT index.vertfunds.com vertfunds.com 2
It trades more lightly than the giant index REIT funds, so spreads can run wider at times. Distributions are paid quarterly.

Full DFGR profile⁠

Full VGSR profile⁠

DFGR vs VGSR Holdings

How DFGR and VGSR differ

Overlap by weight

62.1%

Shared holdings make up 94.4% of VGSR and 68.1% of DFGR.

Level by level

Asset classReal Estate, Equity0.0%
Holdings138 in both62.1%
Countryby domicile92.8%

Sector

No Sector split for VGSR.

Country, concentration and asset class

Country by domicile

Country weights in DFGR and VGSR, widest gap first
Country	More in DFGRMore in VGSR	DFGR	VGSR
United States	DFGR +4.5 points	75.3%	70.8%
Australia	VGSR +2.5 points	6.0%	8.5%
United Kingdom	VGSR +1.4 points	3.6%	5.0%
France	VGSR +1.2 points	1.6%	2.8%
Japan	VGSR +0.9 points	4.4%	5.3%
Hong Kong	DFGR +0.9 points	0.9%	0.0%
Belgium	VGSR +0.5 points	0.9%	1.4%
Other countries (15)	DFGR +1.1 points	7.3%	6.2%

Outside the US: DFGR 89% developed, 11% emerging. VGSR 97% developed, 3% emerging.

Concentration

Weight in the 10 largest Holdings

DFGR42.0%
VGSR44.9%

Securities held

DFGR414
VGSR150

Asset class

DFGR: Real Estate
VGSR: Equity

Holdings

Only in DFGR276
In both138
Only in VGSR12

Only in DFGR

276 securities, 31.7% of DFGR by weight

Public Storage2.83%
Realty Income Corporation2.80%
Vivmark Residential2.33%
Crown Castle Inc1.65%
Vici Properties Inc1.40%
Sba Communications Corp0.88%
Wp Carey Inc0.76%
Link Reit0.75%
Invitation Homes Inc0.72%
Sun Communities Inc0.71%
Lamar Advertising Co0.70%
American Healthcare Reit0.63%
Eastgroup Properties Inc0.55%
American Homes 4 Rent0.53%
Gaming and Leisure Proper0.52%
Cubesmart0.49%
Ryman Hospitality Propert0.44%
Agree Realty Corp0.43%
Nnn Reit Inc0.40%
Charter Hall Group0.37%
Londonmetric Property PLC0.37%
First Industrial Realty T0.37%
Terreno Realty Corp0.37%
Essential Properties Real0.30%
Fibra Uno Administracion0.27%
Outfront Media Inc0.27%
Epr Properties0.23%
Tanger Inc0.22%
Apple Hospitality Reit In0.22%
Keppel Dc Reit0.20%
Copt Defense Properties0.19%
Embassy Office Parks Reit0.19%
Fibra Mty Sapi De Cv0.18%
Broadstone Net Lease Inc0.18%
Highwoods Properties Inc0.18%
Independence Realty Trust0.17%
Invincible Investment Cor0.17%
National Health Investors0.16%
Mapletree Logistics Trust0.16%
Mapletree Industrial Trus0.16%
United Urban Investment C0.16%
Curbline Properties Corp0.15%
Acadia Realty Trust0.14%
Lineage Inc0.13%
Advance Residence Investm0.13%
Four Corners Property Tru0.13%
Inventrust Properties Cor0.13%
Mapletree Pan Asia Commer0.12%
Ltc Properties Inc0.12%
Sunstone Hotel Investors0.12%

Only in VGSR

12 securities, 5.4% of VGSR by weight

Vivmark Residential4.40%
Invesco Government & Agency Portfolio 12/31/20310.34%
Great Portland Estates PLC0.18%
Safestore Holdings PLC0.15%
Goodman New Zealand Ltd & Goodman Property Services NZ Ltd0.11%
Shurgard Self Storage Ltd0.09%
Killam Apartment Real Estate Investment Trust0.07%
Workspace Group PLC0.05%
NewRiver REIT PLC0.03%
Helical PLC<0.01%
Vital Infrastructure Property Trust<0.01%
CLS Holdings PLC<0.01%

Weight gaps

The 100 widest of 138 Holdings in both funds.

Holding weights in DFGR and VGSR, widest gap first
Holding	More in DFGRMore in VGSR	DFGR	VGSR
Welltower IncWELL	DFGR +3.79 points	8.76%	4.97%
Ventas Inc.VTR	VGSR +2.01 points	2.26%	4.27%
Simon Property Group Inc.SPG	VGSR +1.61 points	3.65%	5.26%
Extra Space Storage Inc.EXR	VGSR +1.60 points	1.66%	3.26%
Iron Mountain IncIRM	VGSR +1.59 points	1.80%	3.39%
Prologis Inc.PLD	DFGR +1.54 points	6.29%	4.75%
Goodman Group	VGSR +1.40 points	2.21%	3.61%
Digital Realty Trust IncDLR	VGSR +1.17 points	3.47%	4.64%
Kimco Realty Corp.KIM	VGSR +0.83 points	0.86%	1.69%
Essex PropertyESS	VGSR +0.81 points	0.88%	1.69%
Host Hotels & ResortsHST	VGSR +0.80 points	0.90%	1.70%
American Tower Corp. ReitAMT	VGSR +0.65 points	4.39%	5.04%
Healthpeak Properties IncDOC	VGSR +0.65 points	0.68%	1.33%
Mid-America ApartmentMAA	VGSR +0.65 points	0.70%	1.35%
Omega Healthcare InvestorOHI	VGSR +0.60 points	0.74%	1.34%
Equinix IncEQIX	DFGR +0.60 points	5.19%	4.59%
Segro PLCSGRO.L	VGSR +0.60 points	1.01%	1.61%
Regency Centers CorpREG	VGSR +0.58 points	0.65%	1.23%
Equity Lifestyle PropertiELS	VGSR +0.54 points	0.56%	1.10%
Udr IncUDR	VGSR +0.50 points	0.53%	1.03%
Scentre Group	VGSR +0.49 points	0.76%	1.25%
Unibail-Rodamco-Westfield	VGSR +0.49 points	0.62%	1.11%
Capitaland Integrated Com	VGSR +0.48 points	0.64%	1.12%
Bxp IncBXP	VGSR +0.47 points	0.49%	0.96%
Rexford Industrial RealtyREXR	VGSR +0.40 points	0.44%	0.84%
Camden Property TrustCPT	VGSR +0.40 points	0.53%	0.93%
Federal Realty InvestmentFRT	VGSR +0.40 points	0.46%	0.86%
Brixmor Property Group InBRX	VGSR +0.39 points	0.46%	0.85%
Klepierre SA	VGSR +0.36 points	0.48%	0.84%
Stag Industrial IncSTAG	VGSR +0.35 points	0.36%	0.71%
Caretrust Reit IncCTRE	VGSR +0.34 points	0.44%	0.78%
Alexandria Real EstateARE	VGSR +0.33 points	0.32%	0.65%
Macerich Co/TheMAC	VGSR +0.33 points	0.36%	0.69%
Capitaland Ascendas Reit	VGSR +0.29 points	0.41%	0.70%
Stockland	VGSR +0.29 points	0.43%	0.72%
Vicinity Ltd	VGSR +0.28 points	0.39%	0.67%
Aedifica SA	VGSR +0.27 points	0.37%	0.64%
Land Securities Group PLCLAND.L	VGSR +0.27 points	0.48%	0.75%
Gpt Group/The	VGSR +0.26 points	0.38%	0.64%
Vornado Realty TrustVNO	VGSR +0.26 points	0.28%	0.54%
Phillips Edison & Co IncPECO	VGSR +0.24 points	0.26%	0.50%
Cousins Properties IncCUZ	VGSR +0.24 points	0.25%	0.49%
Kite Realty Group TrustKRG	VGSR +0.24 points	0.27%	0.51%
Healthcare Realty Trust IHR	VGSR +0.22 points	0.32%	0.54%
Prologis Property Mexico	VGSR +0.21 points	0.25%	0.46%
Merlin Properties Socimi	VGSR +0.21 points	0.31%	0.52%
Nippon Building Fund Inc	VGSR +0.20 points	0.34%	0.54%
Americold Realty TrustCOLD	VGSR +0.20 points	0.21%	0.41%
Mirvac Group	VGSR +0.20 points	0.30%	0.50%
Japan Metropolitan Fund I	VGSR +0.20 points	0.27%	0.47%
British Land Co Plc/TheBLND.L	VGSR +0.19 points	0.40%	0.59%
Dexus	VGSR +0.18 points	0.25%	0.43%
Sabra Health Care Reit InSBRA	VGSR +0.18 points	0.26%	0.44%
Tritax Big Box Reit PLCBBOX.L	VGSR +0.18 points	0.34%	0.52%
Kilroy Realty CorpKRC	VGSR +0.18 points	0.20%	0.38%
Unite Group Plc/TheUTG.L	VGSR +0.17 points	0.09%	0.26%
Japan Real Estate Investm	VGSR +0.17 points	0.26%	0.43%
Sl Green Realty CorpSLG	VGSR +0.17 points	0.18%	0.35%
Warehouses De Pauw Cva	VGSR +0.17 points	0.25%	0.42%
Big Yellow Group PLCBYG.L	VGSR +0.15 points	0.09%	0.24%
Glp J-Reit	VGSR +0.15 points	0.21%	0.36%
Nippon Prologis Reit Inc	VGSR +0.14 points	0.20%	0.34%
Diamondrock Hospitality CDRH	VGSR +0.15 points	0.15%	0.30%
Gecina SA	VGSR +0.14 points	0.17%	0.31%
Japan Hotel Reit Investme	VGSR +0.13 points	0.18%	0.31%
Kdx Realty Investment Cor	VGSR +0.13 points	0.19%	0.32%
Daiwa House Reit Investme	VGSR +0.13 points	0.16%	0.29%
Covivio	VGSR +0.13 points	0.14%	0.27%
Orix Jreit Inc	VGSR +0.12 points	0.16%	0.28%
Nomura Real Estate Master	VGSR +0.13 points	0.17%	0.30%
Redefine Properties Ltd	VGSR +0.11 points	0.14%	0.25%
Growthpoint Properties Lt	VGSR +0.11 points	0.18%	0.29%
Urban Edge PropertiesUE	VGSR +0.10 points	0.13%	0.23%
Hammerson PLCHMSO.L	VGSR +0.10 points	0.16%	0.26%
Frasers Logistics & Comme	VGSR +0.10 points	0.10%	0.20%
Riocan Real Estate Invest	VGSR +0.10 points	0.12%	0.22%
Japan Prime Realty Invest	VGSR +0.09 points	0.11%	0.20%
Suntec Real Estate Invest	VGSR +0.09 points	0.10%	0.19%
Capitaland Ascott Trust M	VGSR +0.09 points	0.09%	0.18%
First Capital Real Estate	VGSR +0.08 points	0.10%	0.18%
Shaftesbury Capital PLCSHC.L	VGSR +0.09 points	0.19%	0.28%
Primary Health PropertiesPHP.L	VGSR +0.08 points	0.22%	0.30%
Keppel Reit	VGSR +0.08 points	0.12%	0.20%
Choice Properties Real Es	VGSR +0.07 points	0.10%	0.17%
Derwent London PLCDLN.L	VGSR +0.08 points	0.18%	0.26%
Frasers Centrepoint Trust	VGSR +0.07 points	0.12%	0.19%
Charter Hall Long Wale Re	VGSR +0.07 points	0.09%	0.16%
Activia Properties Inc	VGSR +0.07 points	0.08%	0.15%
Park Hotels & Resorts IncPK	VGSR +0.07 points	0.17%	0.24%
Colonial SFL Socimi SA	VGSR +0.06 points	0.09%	0.15%
Sekisui House Reit Inc	VGSR +0.06 points	0.10%	0.16%
Lasalle Logiport Reit	VGSR +0.06 points	0.08%	0.14%
Montea NV	VGSR +0.06 points	0.08%	0.14%
Umh Properties IncUMH	VGSR +0.06 points	0.06%	0.12%
Industrial & Infrastructu	VGSR +0.06 points	0.12%	0.18%
Xior Student Housing NV	VGSR +0.06 points	0.06%	0.12%
Japan Logistics Fund Inc	VGSR +0.06 points	0.08%	0.14%
Charter Hall Retail Reit	VGSR +0.05 points	0.08%	0.13%
Hulic Reit Inc	VGSR +0.05 points	0.06%	0.11%
Smartcentres Real Estate	VGSR +0.05 points	0.09%	0.14%

All 466 DFGR holdings⁠All VGSR 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 VGSR Cost

Overpaying VGSR vs DFGR

$4,684

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

DFGR 0.21%
$4,357
VGSR 0.45%
$9,041

Amount$10,000

Years30 years

Cost over time

DFGR 0.21%
VGSR 0.45%
Overpaying

Year by year

Year	DFGR	VGSR	Overpaying
10	$383	$812	$429
20	$1,491	$3,128	$1,637
30	$4,357	$9,041	$4,684

Expense ratio

0.21%DFGR, cheaper
0.45%VGSR

DFGR0.21%VGSR0.45%

0.10%0.60%

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

DFGR 4th cheapest of 18 funds

VGSR 6th cheapest of 18 funds

DFGR vs VGSR Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFGR 3.92%, better; VGSR 2.85%
Payout (12M): DFGR $1.11; VGSR $0.32
Last payment: DFGR $0.24; VGSR $0.06
Ex-dividend: DFGR Sep 22, 2026; VGSR Sep 24, 2026
Paid on: DFGR Sep 24, 2026; VGSR Sep 25, 2026
Frequency: DFGR Quarterly; VGSR Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

DFGRQuarterly · 16 paymentsAll DFGR payments⁠

VGSRQuarterly · 12 paymentsAll VGSR payments⁠

DFGR vs VGSR 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%VGSR 13.7%since Jan 2024
Return per unit of riskSharpe ratio, 3 years: DFGR 0.57VGSR 0.23since Jan 2024
Worst fallMax drawdown, 5 years: DFGR −21.3%since Dec 2022VGSR −18.3%since Dec 2023
Market sensitivityBeta, 5 years: DFGR 0.90VGSR 1.03; Market = 1

DFGR and VGSR 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, 2026DFGR

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DFGR vs VGSR

In short

Stated mandate

Why people hold it

Worth knowing

How DFGR and VGSR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFGR

Only in VGSR

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Global real estate ETFs that are up for 2026 are built mostly of U.S. REITs

How DFGR and VGSR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFGR

Only in VGSR

Weight gaps

Global real estate ETFs that are up for 2026 are built mostly of U.S. REITs