IFGL vs REET: Grades, Fees and Holdings Compared

iShares International Developed Real Estate ETF

IFGLCNasdaq

iShares Global REIT ETF

REETANYSE Arca

Overlap

23.6%by weight

Expense ratio

REET −0.36pt a year

IFGL0.50%REET0.14%

Avg volume · 30D

REET 167.5×the volume

IFGL18KREET3.02M

10Y return · a year

REET +3.3pt

IFGL+1.4%REET+4.7%

IFGL vs REET Performance

Nov 2, 2021 – Nov 2, 2026

−14.0%IFGL+6.5%REET

Expense ratio: IFGL 0.50%; REET 0.14%, better
Fund size: IFGL $80M; REET $4.77B
1Y total return: IFGL −3.0%; REET +9.7%, better
Yield (12M): IFGL 4.51%, better; REET 3.49%
Holdings: IFGL 276; REET 350
Avg volume (30D): IFGL 18K sh; REET 3.02M sh, better
NAV per share: IFGL $20.94; REET $26.44
52W range

ETF.net Grade

Pillar letters and Scores for IFGL, REET, with each pillar’s weight
Pillar	IFGL	REET
Cost30% weight	C44	A88Higher
Mission25% weight	A83	A99Higher
Risk15% weight	C43	B61Higher
Tradability15% weight	F22	A100Higher
Holdings10% weight	B65Higher	D39
Durability5% weight	B64	A92Higher

Rank among Global & International Real Estate funds

How we build Categories ›

Same Category. IFGL 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 IFGL 11th of 18 funds in the Global & International Real Estate Category.

Rank 1AREETiShares Global REIT ETFScore 78
Rank 2ADFGRDimensional Global Real Estate ETFScore 77
Rank 10CCRIBRussell Investments Global Real Estate ETFScore 45
Rank 11CIFGLiShares International Developed Real Estate ETFScore 43
Rank 11CRITAETFB Green SRI REITs ETFScore 43

Our read on each fund

ETF.net Research

IFGLCiShares International Developed Real Estate ETF

REETAiShares Global REIT ETF

In short

IFGL The 2007 original in overseas property: one index, developed markets outside the US, no emerging-market detour, no US REITs. About 300 names, cash paid quarterly, 0.50% a year with no waiver trimming 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

IFGL The fund seeks to track an index of real estate equities in developed non-U.S. markets.

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

IFGL Launched November 2007, it predates the ex-US property funds that followed (VNQI in 2010, REET in 2014) and carries nearly two decades of live history.vanguard.com sec.gov
Developed markets only. Its FTSE EPRA Nareit Developed ex US benchmark leaves out emerging-market property, which the indexes behind VNQI and REET both include.vanguard.com sec.gov
Roughly 300 landlords and property names spread across developed markets outside the US, with distributions on a quarterly schedule.blackrock.com

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

IFGL Fee is 0.50% with no waiver, near the category norm, while HAUZ (0.10%) and VNQI (0.12%) reach similar overseas property for a fraction of that.
One of the lighter-traded names in its category, on a modest asset base, which tends to show up as wider bid-ask spreads than the category giants.
No US real estate at all by design, so it covers one side of the global property market rather than the whole map.

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 IFGL profile⁠

Full REET profile⁠

IFGL vs REET Holdings

How IFGL and REET differ

Overlap by weight

23.6%

Shared holdings make up 63.2% of IFGL and 23.7% of REET.

Level by level

Countryby domicile21.9%
Holdings178 in both23.6%
Sector16 Sectors55.1%
Asset classReal Estate100%

Sector

Sector weights in IFGL and REET, widest gap first
Sector	More in IFGLMore in REET	IFGL	REET
Real Estate Operating Companies	IFGL +18.4 points	18.4%	0.0%
Health Care REITs	REET +15.6 points	2.2%	17.8%
Diversified Real Estate Activities	IFGL +15.5 points	15.5%	0.0%
Data Center REITs	REET +9.6 points	0.8%	10.4%
Diversified REIT's	IFGL +6.7 points	15.1%	8.4%
Self Storage REITs	REET +5.2 points	0.8%	6.0%
Retail Reits	REET +4.5 points	15.4%	19.9%
Multi-Family Residential REITs	REET +4.1 points	3.5%	7.6%
Single-Family Residential REITs	REET +3.2 points	0.0%	3.2%
Hotel & Resort REITs	REET +1.8 points	1.4%	3.2%
Real Estate Development	IFGL +1.6 points	1.6%	0.0%
Office REITs	IFGL +1.2 points	6.7%	5.5%
Industrial REITs	REET +0.8 points	17.2%	18.0%
Health Care Facilities	IFGL +0.7 points	0.7%	0.0%
Internet Services & Infrastructure	IFGL +0.5 points	0.5%	0.0%
Hotels Resorts & Cruise Lines	IFGL +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in IFGL and REET, widest gap first
Country	More in IFGLMore in REET	IFGL	REET
United States	REET +78.1 points	0.0%	78.1%
Japan	IFGL +19.9 points	24.7%	4.8%
Australia	IFGL +10.7 points	16.9%	6.2%
Hong Kong	IFGL +9.6 points	9.6%	0.0%
United Kingdom	IFGL +6.8 points	11.0%	4.2%
Singapore	IFGL +6.1 points	9.0%	2.9%
Switzerland	IFGL +4.7 points	4.7%	0.0%
Sweden	IFGL +4.3 points	4.3%	0.0%
Other countries (6)	IFGL +16.1 points	19.9%	3.8%

Outside the US: IFGL 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

IFGL28.8%
REET43.2%

Securities held

IFGL258
REET326

Asset class

IFGL: Real Estate
REET: Real Estate

Holdings

Only in IFGL80
In both178
Only in REET148

Only in IFGL

80 securities, 36.6% of IFGL by weight

Mitsubishi Estate Co Ltd4.02%
Mitsui Fudosan3.91%
Sun Hung Kai Properties Ltd2.68%
Sumitomo Realty & Development2.04%
Vonovia SE2.00%
Swiss Prime Site AG1.91%
Psp Swiss Property AG1.28%
Hongkong Land Holdings Ltd1.22%
Wharf Real Estate Investment Compa0.94%
Hulic0.83%
Sino Land Ltd0.75%
Henderson Land Development Ltd0.72%
Chartwell Retirement Residences Re0.72%
Azrieli Group Ltd0.70%
Capitaland Investment Ltd0.65%
Castellum0.63%
Leg Immobilien N0.62%
Tokyo Tatemono0.59%
Sagax Class B0.55%
Allreal Holding AG0.52%
Fastighets Balder Class B0.51%
Nextdc0.47%
Swire Properties Ltd0.47%
Mobimo Holding AG0.47%
Melisron Ltd0.44%
Nomura Real Estate Holdings Inc0.44%
Uol Group Ltd0.43%
City Developments0.38%
Tag Immobilien AG0.36%
Wihlborgs Fastigheter0.28%
Pandox0.27%
Catena0.25%
Ingenia Communities Group Stapled0.23%
Amot Investments Ltd0.22%
Lumo Homes0.21%
Wallenstam Class B0.19%
Fabege0.18%
Aroundtown SA0.18%
Hysan Development0.18%
Altra Fastigheter0.17%
Vgp NV0.17%
Cibus Real Estate0.15%
Precinct Properties Nz & Precinct0.15%
Intea Fastigheter Class B0.14%
Intershop Holding N AG0.14%
Deutsche Wohnen0.13%
New World Development Company0.13%
Hufvudstaden Class A0.12%
Hiag Immobilien Holding AG0.11%
Tosei Corporation0.10%

Only in REET

148 securities, 76.2% 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%
Iron Mountain Inc1.95%
Extra Space Storage Reit1.80%
Vici Pptys Inc1.50%
Host Hotels & Resorts Reit0.97%
Essex Property Trust Reit0.96%
Kimco Realty Reit Corp0.92%
Invitation Homes0.89%
W. P. Carey Reit0.82%
Omega Healthcare Investors Reit0.81%
Sun Communities Reit Inc0.77%
Regency Centers Reit Corp0.77%
Mid America Apartment Communities0.77%
Healthpeak Properties Inc0.75%
Equity Lifestyle Properties Reit I0.65%
Udr Reit0.64%
Gaming and Leisure Properties Reit0.62%
Eastgroup Properties Reit0.60%
American Homes Rent Reit Class A0.59%
American Healthcare Reit0.58%
Bxp0.56%
Camden Property Trust Reit0.56%
Cubesmart Reit0.55%
Federal Realty Investment Trust Re0.53%
Brixmor Property Group Reit Inc0.50%
Ryman Hospitality Properties Reit0.50%
Rexford Industrial Realty Reit0.49%
Caretrust Reit0.48%
Agree Realty Reit0.46%
Nnn Reit0.44%
First Industrial Realty Trust0.41%
Stag Industrial Reit0.40%
Macerich Reit0.39%
Alexandria Real Estate Equities Re0.39%
Terreno Realty Reit0.39%
Healthcare Realty Trust Inc Class0.34%
Vornado Realty Trust Reit0.34%
Essential Properties Realty Trust0.33%
Fibra Uno Administracion Reit0.29%
Kite Realty Group Trust Reit0.28%
Phillips Edison and Company0.28%
Sabra Health Care Reit0.28%

Weight gaps

The 100 widest of 178 Holdings in both funds.

Holding weights in IFGL and REET, widest gap first
Holding	More in IFGLMore in REET	IFGL	REET
Goodman Group Units	IFGL +3.60 points	5.75%	2.15%
Segro Reit PLCSGRO.L	IFGL +1.57 points	2.50%	0.93%
Link Real Estate Investment Trust	IFGL +1.26 points	2.00%	0.74%
Scentre Group	IFGL +1.25 points	1.99%	0.74%
Unibail Rodamco We Stapled Units	IFGL +1.12 points	1.80%	0.68%
Capitaland Integrated Commercial T	IFGL +1.08 points	1.72%	0.64%
Klepierre Reit SA	IFGL +0.83 points	1.33%	0.50%
Land Securities Group Reit PLCLAND.L	IFGL +0.70 points	1.12%	0.42%
Stockland Stapled Units Ltd	IFGL +0.69 points	1.11%	0.41%
Capitaland Ascendas Reit	IFGL +0.68 points	1.08%	0.40%
Charter Hall Group Stapled Units	IFGL +0.65 points	1.03%	0.38%
Vicinity Centres	IFGL +0.63 points	1.01%	0.38%
Aedifica NV	IFGL +0.63 points	1.00%	0.37%
Gpt Group Stapled Units	IFGL +0.63 points	1.00%	0.37%
Nippon Building Fund Reit	IFGL +0.58 points	0.93%	0.35%
British Land ReitBLND.L	IFGL +0.55 points	0.88%	0.33%
Londonmetric Property Reit PLCLMP.L	IFGL +0.54 points	0.86%	0.32%
Merlin Properties Reit	IFGL +0.53 points	0.84%	0.31%
Mirvac Group Stapled Units	IFGL +0.50 points	0.79%	0.29%
Tritax Big Box Reit PLCBBOX.L	IFGL +0.49 points	0.78%	0.29%
Japan Real Estate Investment Trust	IFGL +0.44 points	0.70%	0.26%
Warehouses De Pauw NV	IFGL +0.43 points	0.68%	0.25%
Japan Metropolitan Fund Investment	IFGL +0.42 points	0.68%	0.26%
Riocan Real Estate Investment Trus	IFGL +0.42 points	0.67%	0.25%
Dexus Stapled Units	IFGL +0.41 points	0.65%	0.24%
Glp J-Reit Reit	IFGL +0.38 points	0.60%	0.22%
Granite Real Estate Investment Sta	IFGL +0.35 points	0.55%	0.20%
Nippon Prologis Reit	IFGL +0.35 points	0.56%	0.21%
Gecina SA	IFGL +0.34 points	0.55%	0.21%
Keppel Dc Reit	IFGL +0.34 points	0.54%	0.20%
First Capital Realty Real Estate I	IFGL +0.33 points	0.53%	0.20%
Canadian Apartment Properties Real	IFGL +0.33 points	0.52%	0.19%
Nomura Real Estate Master Fund Rei	IFGL +0.31 points	0.49%	0.18%
Unite Group Reit PLCUTG.L	IFGL +0.31 points	0.49%	0.18%
Kdx Realty Investment Reit Corp	IFGL +0.30 points	0.48%	0.18%
Primary Health Properties Reit PLCPHP.L	IFGL +0.29 points	0.46%	0.17%
United Urban Investment Reit	IFGL +0.29 points	0.46%	0.17%
Japan Hotel Investment Reit	IFGL +0.28 points	0.45%	0.17%
Mapletree Logistics Trust Units	IFGL +0.28 points	0.44%	0.16%
Shaftesbury Capital Reit PLCSHC.L	IFGL +0.28 points	0.44%	0.16%
Orix Jreit Reit Inc	IFGL +0.27 points	0.43%	0.16%
Mapletree Industrial Units Trust	IFGL +0.27 points	0.43%	0.16%
Invincible Investment Reit	IFGL +0.26 points	0.42%	0.16%
Choice Properties Real Estate Inve	IFGL +0.26 points	0.42%	0.16%
Daiwa House Reit Corp	IFGL +0.26 points	0.42%	0.16%
Derwent London Reit PLCDLN.L	IFGL +0.26 points	0.41%	0.15%
Covivio SA	IFGL +0.25 points	0.40%	0.15%
Dream Industrial Real Estate Inves	IFGL +0.25 points	0.39%	0.14%
Smartcentres Rl Estate Investment	IFGL +0.24 points	0.38%	0.14%
Hammerson Reit PLCHMSO.L	IFGL +0.24 points	0.38%	0.14%
Big Yellow Group Reit PLCBYG.L	IFGL +0.23 points	0.35%	0.13%
Advance Residence Investment Reit	IFGL +0.22 points	0.35%	0.13%
Suntec Reit Units Trust	IFGL +0.21 points	0.34%	0.13%
Colonial Sfl Socimi SA	IFGL +0.20 points	0.32%	0.12%
Japan Prime Realty Investment Reit	IFGL +0.20 points	0.32%	0.12%
Frasers Centrepoint Units Trust	IFGL +0.19 points	0.31%	0.12%
Mapletree Pan Asia Commercial Trus	IFGL +0.19 points	0.31%	0.12%
Sirius Real Estate LimitedSRE.L	IFGL +0.19 points	0.31%	0.12%
Keppel Reit Units	IFGL +0.20 points	0.31%	0.11%
Industrial & Infrastructure Fund I	IFGL +0.19 points	0.31%	0.12%
Frasers Logistics & Commercial Tru	IFGL +0.19 points	0.30%	0.11%
Primaris Real Estate Investment Un	IFGL +0.17 points	0.28%	0.11%
Region Group Stapled Units Ltd	IFGL +0.18 points	0.28%	0.10%
Mitsui Fudosan Logistics Park Reit	IFGL +0.17 points	0.27%	0.10%
Great Portland Estates Reit PLCGPE.L	IFGL +0.17 points	0.27%	0.10%
Grainger Reit PLCGRI.L	IFGL +0.17 points	0.27%	0.10%
Handr Real Estate Investment Trust	IFGL +0.16 points	0.26%	0.10%
Boardwalk Real Estate Investment T	IFGL +0.16 points	0.26%	0.10%
Capitaland Ascott Stapled Unit Tru	IFGL +0.16 points	0.26%	0.10%
Charter Hall Long Wale Reit Staple	IFGL +0.15 points	0.25%	0.10%
Activia Properties Reit	IFGL +0.16 points	0.25%	0.09%
Safestore Holdings Reit PLCSAFE.L	IFGL +0.15 points	0.24%	0.09%
Sekisui House Reit	IFGL +0.15 points	0.24%	0.09%
Mitsui Fudosan Accommodations Fund	IFGL +0.15 points	0.24%	0.09%
Montea NV	IFGL +0.14 points	0.23%	0.09%
Supermarket Income Reit PLCSUPR.L	IFGL +0.14 points	0.23%	0.09%
Bwp Group Stapled Units Trust	IFGL +0.14 points	0.23%	0.09%
Charter Hall Retail Units	IFGL +0.15 points	0.23%	0.08%
Killam Apartment Reit Units Class	IFGL +0.14 points	0.22%	0.08%
Japan Logistics Fund Reit Inc	IFGL +0.14 points	0.22%	0.08%
Homeco Daily Needs Units	IFGL +0.14 points	0.22%	0.08%
Parkway Life Reit Trust	IFGL +0.13 points	0.21%	0.08%
Lasalle Logiport Reit	IFGL +0.13 points	0.20%	0.07%
Centuria Industr Units	IFGL +0.12 points	0.19%	0.07%
Crombie Real Estate Investment Tru	IFGL +0.12 points	0.19%	0.07%
Argan SA	IFGL +0.12 points	0.19%	0.07%
Eurocommercial Properties	IFGL +0.11 points	0.18%	0.07%
Lendlease Global Commercial Reit U	IFGL +0.11 points	0.17%	0.06%
Aeon Reit Investment Reit Corp	IFGL +0.11 points	0.17%	0.06%
Comforia Residential Reit Inc	IFGL +0.10 points	0.16%	0.06%
Mitsui Fudosan Retail Fund Investm	IFGL +0.11 points	0.17%	0.06%
Xior Student Housing NV	IFGL +0.10 points	0.16%	0.06%
Hulic Reit Inc	IFGL +0.10 points	0.16%	0.06%
Goodman New Zealand & Goodman Prop	IFGL +0.09 points	0.15%	0.06%
Mori Hills Investment Reit	IFGL +0.09 points	0.15%	0.06%
Waypoint Reit Stapled Unit Ltd	IFGL +0.09 points	0.15%	0.06%
Daiwa Securities Living Investment	IFGL +0.10 points	0.15%	0.05%
Carmila SA	IFGL +0.09 points	0.15%	0.06%
Target Healthcare Reit PLCTHRL.L	IFGL +0.09 points	0.15%	0.06%
Mori Trust Reit Inc	IFGL +0.09 points	0.15%	0.06%

All 258 IFGL 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.

IFGL vs REET Cost

Overpaying IFGL vs REET

$7,047

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

IFGL 0.50%
$9,979
REET 0.14%
$2,932

Amount$10,000

Years30 years

Cost over time

IFGL 0.50%
REET 0.14%
Overpaying

Year by year

Year	IFGL	REET	Overpaying
10	$900	$256	$644
20	$3,460	$1,000	$2,460
30	$9,979	$2,932	$7,047

Expense ratio

0.50%IFGL
0.14%REET, cheaper

REET0.14%IFGL0.50%

0.10%0.60%

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

REET 3rd cheapest of 18 funds

IFGL 10th cheapest of 18 funds

IFGL vs REET Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IFGL 4.51%, better; REET 3.49%
Payout (12M): IFGL $0.95; REET $0.93
Last payment: IFGL $0.20; REET $0.23
Ex-dividend: IFGL Sep 15, 2026; REET Sep 15, 2026
Paid on: IFGL Sep 18, 2026; REET Sep 18, 2026
Frequency: IFGL Quarterly; REET Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IFGLQuarterly · 35 paymentsAll IFGL payments⁠

REETQuarterly · 38 paymentsAll REET payments⁠

IFGL vs REET Risk

Fall from peak · 5 years

IFGL
REET

Risk facts

VolatilityStd dev, 3 years: IFGL 17.7%REET 15.4%, better
Return per unit of riskSharpe ratio, 3 years: IFGL 0.32REET 0.59, better
Worst fallMax drawdown, 5 years: IFGL −36.8%REET −32.1%, better
Market sensitivityBeta, 5 years: IFGL 1.02REET 0.93; Market = 1

IFGL 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, 2026IFGLREET
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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