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IYR vs USRT

iShares U.S. Real Estate ETF

IYRBNYSE Arca

iShares Core U.S. REIT ETF

USRTANYSE Arca

Overlap

Expense ratio

USRT −0.29pt a year

IYR0.37%USRT0.08%

Avg volume · 30D

IYR 7.1×the volume

IYR5.58MUSRT789K

10Y return · a year

USRT +0.8pt

IYR+6.4%USRT+7.2%

IYR vs USRT Performance

Nov 9, 2021 – Nov 9, 2026

+6.9%IYR+20.0%USRT

Nov 9, 2021 to Nov 9, 2026. IYR +6.9%. USRT +20.0%. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026
Expense ratio
IYR 0.37%
USRT 0.08%, better
Fund size
IYR $3.99B
USRT $4.24B
1Y total return
IYR +10.5%
USRT +16.3%, better
Yield (12M)
IYR 2.31%
USRT 2.65%, better
Holdings
IYR 61
USRT 125
Avg volume (30D)
IYR 5.58M sh, better
USRT 789K sh
NAV per share
IYR $101.63
USRT $65.09
52W range

ETF.net Grade

IYR: Cost 43, Risk 49, Mission not scored, Tradability 96, Holdings 39, Durability 78. USRT: Cost 93, Risk 59, Mission 100, Tradability 82, Holdings 53, Durability 78.
Pillar letters and Scores for IYR, USRT, with each pillar’s weight
PillarIYRUSRT
Cost30% weightC43A93Higher
Mission25% weightNot scoredA100
Risk15% weightC49B59Higher
Tradability15% weightA96HigherA82
Holdings10% weightD39C53Higher
Durability5% weightA78A78

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. IYR 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 IYR 12th 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 81
  4. Rank 11BKBWYInvesco KBW Premium Yield Equity REIT ETFScore 58
  5. Rank 12BIYRiShares U.S. Real Estate ETFScore 56
  6. Rank 13CREZiShares Residential and Multisector Real Estate ETFScore 53

Our read on each fund

ETF.net Research

IYRBiShares U.S. Real Estate ETF

USRTAiShares Core U.S. REIT ETF

In short

IYR Launched in 2000, IYR is one of the original one-ticker bets on U.S. real estate: REITs plus the developers, managers and property agencies that pure-REIT funds skip. Heavily traded, sector-median price.

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

IYR The fund seeks to track an index composed of U.S. equities in the real estate sector.

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

Why people hold it

  • IYR Vintage 2000, and still one of the most actively traded real estate funds around, which is why traders reach for it when they want the sector in a hurry.
  • Broader than a pure REIT fund: the index also holds companies that develop, manage or own property, including property agencies.spglobal.comishares.com
  • The index applies a cap so no single landlord dominates, across roughly 60 names, and the fund pays shareholders quarterly.spglobal.com
  • 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

  • IYR The 0.37% fee sits at the middle of the real estate pack but well above index rivals like SCHH (0.07%) and VNQ (0.13%).
  • One sector, about 60 names. Expect moves that look nothing like the broad market in either direction.
  • Reaching past REITs means part of the portfolio is operating and service companies, whose income looks different from a rent collector's.spglobal.com
  • 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 IYR profile⁠

Full USRT profile⁠

IYR 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.

IYR vs USRT Cost

Overpaying IYR vs USRT

$5,824

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

  • IYR 0.37%

    $7,513

  • USRT 0.08%

    $1,689

$10,000
30 years

Cost over time

  • IYR 0.37%
  • USRT 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530IYR $7,513USRT $1,689

Year by year

YearIYRUSRTOverpaying
10$670$147$523
20$2,590$575$2,015
30$7,513$1,689$5,824

Expense ratio

  • 0.37%IYR
  • 0.08%USRT, cheaper
  • Middle half of US Real Estate funds
  • Median 0.35%

USRT 2nd cheapest of 21 funds

IYR 13th cheapest of 21 funds

IYR vs USRT Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
IYR 2.31%
USRT 2.65%, better
Payout (12M)
IYR $2.39
USRT $1.75
Last payment
IYR $0.74
USRT $0.47
Ex-dividend
IYR Sep 15, 2026
USRT Sep 15, 2026
Paid on
IYR Sep 18, 2026
USRT Sep 18, 2026
Frequency
IYR Quarterly
USRT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IYRQuarterly · 39 paymentsAll IYR payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.75; Jun 27, 2017 $0.72; Sep 26, 2017 $0.68; Dec 19, 2017 $0.87; Mar 22, 2018 $0.62; Jun 26, 2018 $0.78; Sep 26, 2018 $0.78; Dec 17, 2018 $0.47; Mar 20, 2019 $0.60; Jun 17, 2019 $0.69; Sep 24, 2019 $0.66; Dec 16, 2019 $0.89; Mar 25, 2020 $0.60; Jun 15, 2020 $0.53; Sep 23, 2020 $0.48; Dec 14, 2020 $0.60; Mar 25, 2021 $0.44; Jun 10, 2021 $0.52; Sep 24, 2021 $0.29; Dec 13, 2021 $1.14; Mar 24, 2022 $0.43; Jun 9, 2022 $0.35; Sep 26, 2022 $0.89; Dec 13, 2022 $0.78; Mar 23, 2023 $0.45; Jun 7, 2023 $0.40; Sep 26, 2023 $0.90; Dec 20, 2023 $0.77; Mar 21, 2024 $0.34; Jun 11, 2024 $0.55; Sep 25, 2024 $0.71; Dec 17, 2024 $0.80; Mar 18, 2025 $0.36; Jun 16, 2025 $0.49; Sep 16, 2025 $0.62; Dec 16, 2025 $0.86; Mar 17, 2026 $0.28; Jun 15, 2026 $0.51; Sep 15, 2026 $0.74. 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

IYR vs USRT Risk

Fall from peak · 5 years

  • IYR
  • USRT
Nov 9, 2021 to Nov 9, 2026. Worst fall: IYR −33.7% · Oct 2023. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
IYR 16.5%USRT 16.1%, better
Return per unit of riskSharpe ratio, 3 years
IYR 0.53USRT 0.70, better
Worst fallMax drawdown, 5 years
IYR −33.7%USRT −31.0%, better
Market sensitivityBeta, 5 years
IYR 0.98USRT 0.96

IYR and USRT in the news

All news⁠

Popular comparisons

  • IYRBvsVNQA

    iShares U.S. Real Estate ETF · Vanguard Real Estate ETF

    Expense ratio
    0.37% · 0.13%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USRTAvsVNQA

    iShares Core U.S. REIT ETF · Vanguard Real Estate ETF

    Expense ratio
    0.08% · 0.13%
    Category
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  • IYRBvsXLREA

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    Expense ratio
    0.37% · 0.08%
    Category
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  • USRTAvsSCHHA

    iShares Core U.S. REIT ETF · Schwab U.S. REIT ETF

    Expense ratio
    0.08% · 0.07%
    Category
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  • IYRBvsSCHHA

    iShares U.S. Real Estate ETF · Schwab U.S. REIT ETF

    Expense ratio
    0.37% · 0.07%
    Category
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  • USRTAvsFRELA

    iShares Core U.S. REIT ETF · Fidelity MSCI Real Estate Index ETF

    Expense ratio
    0.08% · 0.08%
    Category
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