ERET vs REET: Grades, Fees and Holdings Compared

iShares Environmentally Aware Real Estate ETF

ERETBNasdaq

iShares Global REIT ETF

REETANYSE Arca

Overlap

82.2%by weight

Expense ratio

REET −0.16pt a year

ERET0.30%REET0.14%

Avg volume · 30D

REET 1815.5×the volume

ERET1.67KREET3.03M

3Y return · a year

REET +1.0pt

ERET+12.4%REET+13.4%

ERET vs REET Performance

Nov 7, 2025 – Nov 9, 2026

+9.2%ERET+11.1%REET

Expense ratio: ERET 0.30%; REET 0.14%, better
Fund size: ERET $14M; REET $4.86B
1Y total return: ERET +9.2%; REET +11.1%, better
Yield (12M): ERET 3.33%; REET 3.40%, better
Holdings: ERET 356; REET 345
Avg volume (30D): ERET 1.67K sh; REET 3.03M sh, better
NAV per share: ERET $28.29; REET $26.96
52W range

ETF.net Grade

Pillar letters and Scores for ERET, REET, with each pillar’s weight
Pillar	ERET	REET
Cost30% weight	A76	A88Higher
Mission25% weight	Not scored	A99
Risk15% weight	B67Higher	B64
Tradability15% weight	F15	A96Higher
Holdings10% weight	C53Higher	D39
Durability5% weight	D32	A92Higher

Rank among Global & International Real Estate funds

How we build Categories ›

Same Category. ERET 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 ERET 8th of 18 funds in the Global & International Real Estate Category.

Rank 1ADFGRDimensional Global Real Estate ETFScore 78
Rank 1AREETiShares Global REIT ETFScore 78
Rank 3AHAUZXtrackers International Real Estate ETFScore 75
Rank 7BRWOState Street SPDR Dow Jones Global Real Estate ETFScore 58
Rank 8BERETiShares Environmentally Aware Real Estate ETFScore 56
Rank 9CFREIFidelity Real Estate Income ETFScore 48

Our read on each fund

ETF.net Research

ERETBiShares Environmentally Aware Real Estate ETF

REETAiShares Global REIT ETF

In short

ERET A global developed-market REIT basket that tilts toward landlords with green-certified, energy-efficient buildings instead of screening whole sectors out. Same bricks-and-mortar core, weighted toward the efficient end of it.

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

ERET The fund seeks to track an index of developed-market REITs with greater exposure to green certification and energy efficiency than its parent index.

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

ERET Costs 0.30% a year, well under the 0.50% median for global and international real estate funds. The green tilt does not carry a boutique price tag.
Tilt, not exclusion: the index seeks greater exposure to green certification and energy efficiency than its parent, so property-sector breadth stays intact.
Roughly 300 developed-market REITs behind it, so single-landlord risk stays diluted across offices, malls, warehouses and homes.
Rules-based iShares index plumbing places it in the upper half of its global real estate peer group.

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

ERET A small, thinly traded fund. Spreads can be wide, so limit orders matter more here than with the giants of the category.
Plain global REIT trackers cost less: HAUZ at 0.10%, VNQI at 0.12%, REET at 0.14%. The green screen is what the extra buys.
Launched in 2022, so the record is short. Income arrives on an annual or semiannual schedule, not monthly.

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 ERET profile⁠

Full REET profile⁠

ERET vs REET Holdings

How ERET and REET differ

Overlap by weight

82.2%

Shared holdings make up 96.5% of REET and 86.7% of ERET.

Level by level

Holdings265 in both82.2%
Sector16 Sectors85.4%
Countryby domicile86.9%
Asset classReal Estate100%

Sector

Sector weights in ERET and REET, widest gap first
Sector	Gap	ERET	REET
Real Estate Operating Companies	ERET +6.8 points	6.8%	0.0%
Diversified Real Estate Activities	ERET +5.9 points	5.8%	0.0%
Health Care REITs	REET +4.2 points	14.2%	18.4%
Industrial REITs	REET +3.6 points	14.0%	17.6%
Data Center REITs	REET +2.6 points	7.2%	9.8%
Retail Reits	REET +1.1 points	19.0%	20.1%
Multi-Family Residential REITs	REET +1.0 points	6.7%	7.7%
Office REITs	ERET +0.9 points	6.3%	5.4%
Diversified REIT's	REET +0.8 points	7.6%	8.4%
Real Estate Development	ERET +0.6 points	0.6%	0.0%
Self Storage REITs	REET +0.6 points	5.8%	6.4%
Single-Family Residential REITs	REET +0.5 points	2.7%	3.2%
Hotel & Resort REITs	REET +0.4 points	2.7%	3.1%
Health Care Facilities	ERET +0.2 points	0.2%	0.0%
Internet Services & Infrastructure	ERET +0.2 points	0.2%	0.0%
Hotels Resorts & Cruise Lines	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in ERET and REET, widest gap first
Country	Gap	ERET	REET
United States	REET +12.3 points	66.1%	78.4%
Japan	ERET +5.1 points	9.7%	4.6%
Hong Kong	ERET +3.5 points	3.5%	0.0%
Sweden	ERET +1.5 points	1.5%	0.0%
Switzerland	ERET +1.5 points	1.5%	0.0%
Germany	ERET +1.1 points	1.1%	0.0%
United Kingdom	REET +0.6 points	3.6%	4.2%
Other countries (4)	ERET +0.1 points	12.9%	12.8%

Outside the US: ERET 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

ERET38.1%
REET43.4%

Securities held

ERET343
REET323

Asset class

ERET: Real Estate
REET: Real Estate

Holdings

Only in ERET78
In both265
Only in REET58

Only in ERET

78 securities, 13.0% of ERET by weight

Mitsubishi Estate Co Ltd1.51%
Mitsui Fudosan1.35%
Sun Hung Kai Properties Ltd0.91%
Swiss Prime Site AG0.73%
Sumitomo Realty & Development0.66%
Vonovia SE0.63%
Wharf Real Estate Investment Compa0.55%
Psp Swiss Property AG0.39%
Hongkong Land Holdings Ltd0.37%
Hulic0.31%
Azrieli Group Ltd0.28%
Henderson Land Development Ltd0.28%
Sino Land Ltd0.26%
Castellum0.24%
Sagax Class B0.22%
Chartwell Retirement Residences Re0.22%
Capitaland Investment Ltd0.22%
Tokyo Tatemono0.20%
Leg Immobilien N0.20%
Nextdc0.20%
Swire Properties Ltd0.20%
Fastighets Balder Class B0.17%
Nomura Real Estate Holdings Inc0.17%
Allreal Holding AG0.16%
Uol Group Ltd0.15%
Mobimo Holding AG0.14%
Melisron Ltd0.12%
City Developments0.12%
Tag Immobilien AG0.11%
Catena0.11%
Wihlborgs Fastigheter0.09%
Hysan Development0.09%
Pandox0.09%
Aroundtown SA0.09%
Lumo Homes0.09%
Fabege0.08%
Hufvudstaden Class A0.08%
Ingenia Communities Group Stapled0.07%
Amot Investments Ltd0.07%
Wallenstam Class B0.07%
Altra Fastigheter0.06%
Vgp NV0.06%
Entra0.04%
Swedish Logistic Property Class B0.04%
Deutsche Wohnen0.04%
Intershop Holding N AG0.04%
Cibus Real Estate0.04%
Intea Fastigheter Class B0.04%
New World Development Company0.04%
Precinct Properties Nz & Precinct0.04%

Only in REET

58 securities, 3.0% of REET by weight

Fibra Uno Administracion Reit0.30%
Prologis Property Mexico Reit0.27%
Fibra Mty Sapi Reit0.23%
Embassy Office Parks Reit Units0.22%
Growthpoint Prop Ltd Shs0.18%
Redefine Properties0.15%
Janus Living Inc Class A0.13%
Vukile Property Reit0.12%
Knowledge Realty Trust Units0.11%
Mindspace Business Parks Reits Uni0.08%
Resilient Prop Ltd0.08%
Igb Reits Units Trust0.07%
Btg Pactual Logistica Fdo Inv Imob0.07%
Sunway Reits Units Trust0.05%
Areit Inc0.05%
Equites Prop Fund Ltd0.05%
Frasers Property0.05%
Fairvest Limited B Ltd0.05%
Rl Commercial Reit Inc0.04%
Axis Reits Units Trust0.04%
Attacq Limited Ltd0.04%
Centurion Accommodation Reit Units0.04%
Cpn Retail Growth Leasehold Reit U0.04%
Pavilion Real Estate Investment Tr0.04%
Ntt Dc Reit Units0.04%
Emlak Konut Gayrimenkul Yatirim Or0.04%
Dubai Residential Reit Unit0.04%
Capitaland China Trust0.03%
Al Rajhi Reit Units0.03%
Wha Premium Growth Freehold and Le0.03%
Vinci Shopping Centers Fdo Invest0.03%
Stor-Age Property Reit Ltd0.03%
Hedge Brasil Shopping Fdo Inv Imob0.03%
Burstone Group Ltd0.02%
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%
Capitaland Malaysia Trust0.02%
Sedco Capital Reit Units0.02%
Sasseur Reit Units Trust0.01%
Fii Vincilog Etf0.01%
Yuexiu Real Estate Investment Trus0.01%
First Real Estate Investment Trust0.01%
Is Real Estate Investment Trust Re<0.01%
Akis Gayrimenkul Yatirim Ortakligi<0.01%
Alinma Hospitality Reit<0.01%
Bonyan Reit Units<0.01%
Riyad Reit Units<0.01%
Alkhabeer Reit<0.01%

Weight gaps

The 100 widest of 265 Holdings in both funds.

Holding weights in ERET and REET, widest gap first
Holding	Gap	ERET	REET
Realty Income ReitO	ERET +2.05 points	5.12%	3.07%
WelltowerWELL	REET +1.99 points	7.87%	9.86%
Equinix ReitEQIX	REET +1.38 points	4.18%	5.56%
Prologis ReitPLD	REET +1.34 points	5.36%	6.70%
Digital Realty Trust ReitDLR	REET +0.86 points	2.74%	3.60%
Iron Mountain IncIRM	REET +0.59 points	1.16%	1.75%
Ventas ReitVTR	REET +0.60 points	1.93%	2.53%
Simon Property Group Reit IncSPG	REET +0.47 points	3.60%	4.07%
Goodman Group Units	REET +0.29 points	1.84%	2.13%
Vici Pptys IncVICI	REET +0.23 points	1.27%	1.50%
BxpBXP	ERET +0.23 points	0.80%	0.57%
Vivmark ResidentialVMRK	REET +0.23 points	2.55%	2.78%
Vornado Realty Trust ReitVNO	ERET +0.22 points	0.57%	0.35%
Public Storage ReitPSA	REET +0.20 points	2.96%	3.16%
Kimco Realty Reit CorpKIM	REET +0.19 points	0.75%	0.94%
Gaming and Leisure Properties ReitGLPI	REET +0.18 points	0.43%	0.61%
Invitation HomesINVH	REET +0.16 points	0.73%	0.89%
Nippon Building Fund Reit	ERET +0.17 points	0.51%	0.34%
Omega Healthcare Investors ReitOHI	REET +0.16 points	0.65%	0.81%
Regency Centers Reit CorpREG	REET +0.16 points	0.60%	0.76%
Segro Reit PLCSGRO.L	REET +0.16 points	0.76%	0.92%
Sl Green Realty Reit CorpSLG	ERET +0.15 points	0.35%	0.20%
Extra Space Storage ReitEXR	REET +0.15 points	1.71%	1.86%
Gpt Group Stapled Units	ERET +0.15 points	0.53%	0.38%
American Healthcare ReitAHR	REET +0.14 points	0.48%	0.62%
Essex Property Trust ReitESS	REET +0.12 points	0.85%	0.97%
American Homes Rent Reit Class AAMH	REET +0.13 points	0.48%	0.61%
Agree Realty ReitADC	REET +0.12 points	0.36%	0.48%
Mid America Apartment CommunitiesMAA	REET +0.12 points	0.65%	0.77%
Healthpeak Properties IncDOC	REET +0.11 points	0.67%	0.78%
Brixmor Property Group Reit IncBRX	REET +0.11 points	0.40%	0.51%
Nnn ReitNNN	REET +0.11 points	0.32%	0.43%
Capitaland Integrated Commercial T	ERET +0.12 points	0.76%	0.64%
Cousins Properties Reit IncCUZ	ERET +0.11 points	0.38%	0.27%
Federal Realty Investment Trust ReFRT	REET +0.11 points	0.43%	0.54%
Ryman Hospitality Properties ReitRHP	REET +0.11 points	0.38%	0.49%
Caretrust ReitCTRE	REET +0.10 points	0.40%	0.50%
Gecina SA	ERET +0.09 points	0.30%	0.21%
W. P. Carey ReitWPC	REET +0.09 points	0.73%	0.82%
Aedifica NV	REET +0.09 points	0.29%	0.38%
Healthcare Realty Trust Inc ClassHR	REET +0.09 points	0.26%	0.35%
Essential Properties Realty TrustEPRT	REET +0.09 points	0.25%	0.34%
Camden Property Trust ReitCPT	REET +0.09 points	0.46%	0.55%
Link Real Estate Investment Trust	REET +0.08 points	0.68%	0.76%
Sun Communities Reit IncSUI	REET +0.08 points	0.73%	0.81%
Eastgroup Properties ReitEGP	REET +0.08 points	0.50%	0.58%
Capitaland Ascendas Reit	REET +0.07 points	0.33%	0.40%
Keppel Dc Reit	REET +0.07 points	0.13%	0.20%
Sabra Health Care ReitSBRA	REET +0.06 points	0.23%	0.29%
Japan Metropolitan Fund Investment	ERET +0.07 points	0.32%	0.25%
Equity Lifestyle Properties Reit IELS	REET +0.07 points	0.61%	0.68%
Phillips Edison and CompanyPECO	REET +0.06 points	0.23%	0.29%
Kite Realty Group Trust ReitKRG	REET +0.06 points	0.22%	0.28%
Nippon Prologis Reit	ERET +0.06 points	0.27%	0.21%
Copt Defense PropertiesCDP	REET +0.06 points	0.15%	0.21%
Keppel Reit Units	ERET +0.05 points	0.17%	0.12%
Macerich ReitMAC	REET +0.05 points	0.34%	0.39%
Stag Industrial ReitSTAG	REET +0.05 points	0.34%	0.39%
Riocan Real Estate Investment Trus	REET +0.05 points	0.19%	0.24%
Americold Realty Inc TrustCOLD	REET +0.06 points	0.20%	0.26%
Primary Health Properties Reit PLCPHP.L	REET +0.06 points	0.12%	0.18%
Epr Properties ReitEPR	REET +0.05 points	0.20%	0.25%
Mapletree Industrial Units Trust	REET +0.05 points	0.11%	0.16%
Shaftesbury Capital Reit PLCSHC.L	ERET +0.05 points	0.21%	0.16%
First Industrial Realty TrustFR	REET +0.05 points	0.35%	0.40%
Udr ReitUDR	REET +0.05 points	0.60%	0.65%
Japan Real Estate Investment Trust	ERET +0.05 points	0.31%	0.26%
Great Portland Estates Reit PLCGPE.L	ERET +0.05 points	0.15%	0.10%
Derwent London Reit PLCDLN.L	ERET +0.05 points	0.20%	0.15%
Canadian Apartment Properties Real	REET +0.05 points	0.14%	0.19%
British Land ReitBLND.L	ERET +0.05 points	0.38%	0.33%
Tritax Big Box Reit PLCBBOX.L	REET +0.05 points	0.24%	0.29%
First Capital Realty Real Estate I	REET +0.05 points	0.15%	0.20%
Four Corners Property Inc TrustFCPT	REET +0.04 points	0.10%	0.14%
Kilroy Realty ReitKRC	ERET +0.04 points	0.27%	0.23%
Choice Properties Real Estate Inve	REET +0.04 points	0.12%	0.16%
Londonmetric Property Reit PLCLMP.L	REET +0.04 points	0.28%	0.32%
Rexford Industrial Realty ReitREXR	REET +0.04 points	0.43%	0.47%
Millrose Properties Inc Class AMRP	REET +0.04 points	0.18%	0.22%
Sekisui House Reit	ERET +0.04 points	0.13%	0.09%
Alexandria Real Estate Equities ReARE	REET +0.04 points	0.39%	0.43%
Orix Jreit Reit Inc	ERET +0.04 points	0.20%	0.16%
Land Securities Group Reit PLCLAND.L	REET +0.04 points	0.38%	0.42%
Japan Hotel Investment Reit	REET +0.04 points	0.12%	0.16%
Apple Hospitality Reit IncAPLE	REET +0.04 points	0.19%	0.23%
Kdx Realty Investment Reit Corp	ERET +0.04 points	0.22%	0.18%
Host Hotels & Resorts ReitHST	ERET +0.04 points	0.97%	0.93%
Cubesmart ReitCUBE	REET +0.04 points	0.53%	0.57%
Smartcentres Rl Estate Investment	REET +0.04 points	0.10%	0.14%
Charter Hall Group Stapled Units	ERET +0.04 points	0.43%	0.39%
Warehouses De Pauw NV	REET +0.03 points	0.22%	0.25%
National Health Investors ReitNHI	REET +0.04 points	0.15%	0.19%
Curbline PropertiesCURB	REET +0.03 points	0.14%	0.17%
Granite Real Estate Investment Sta	REET +0.04 points	0.17%	0.21%
Mori Hills Investment Reit	ERET +0.03 points	0.09%	0.06%
Unite Group Reit PLCUTG.L	REET +0.04 points	0.15%	0.19%
Independence RealtyIRT	REET +0.04 points	0.16%	0.20%
Urban Edge PropertiesUE	REET +0.03 points	0.11%	0.14%
Frasers Centrepoint Units Trust	REET +0.04 points	0.08%	0.12%
Supermarket Income Reit PLCSUPR.L	REET +0.03 points	0.05%	0.08%

All 343 ERET holdings⁠All 317 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.

ERET vs REET Cost

Overpaying ERET vs REET

$3,217

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

ERET 0.30%
$6,149
REET 0.14%
$2,932

Amount$10,000

Years30 years

Cost over time

ERET 0.30%
REET 0.14%
Overpaying

Year by year

Year	ERET	REET	Overpaying
10	$545	$256	$289
20	$2,113	$1,000	$1,113
30	$6,149	$2,932	$3,217

Expense ratio

0.30%ERET
0.14%REET, cheaper

REET0.14%ERET0.30%

0.10%0.60%

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

REET 3rd cheapest of 18 funds

ERET 5th cheapest of 18 funds

ERET vs REET Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ERET 3.33%; REET 3.40%, better
Payout (12M): ERET $0.96; REET $0.93
Last payment: ERET $0.28; REET $0.23
Ex-dividend: ERET Jun 15, 2026; REET Sep 15, 2026
Paid on: ERET Jun 18, 2026; REET Sep 18, 2026
Frequency: ERET Twice a year; REET Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ERETTwice a year · 8 paymentsAll ERET payments⁠

REETQuarterly · 38 paymentsAll REET payments⁠

ERET vs REET Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ERET 15.6%REET 15.4%, better
Return per unit of riskSharpe ratio, 3 years: ERET 0.52REET 0.59, better
Worst fallMax drawdown, 5 years: ERET −20.3%since Nov 2022REET −32.1%
Market sensitivityBeta, 5 years: ERET 0.98REET 0.91; Market = 1

ERET 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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ERET vs REET

In short

Stated mandate

Why people hold it