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NETL vs USRT

Colterpoint Net Lease Real Estate ETF

NETLFNYSE Arca

iShares Core U.S. REIT ETF

USRTANYSE Arca

Overlap

13.0%by weight

Expense ratio

USRT −0.52pt a year

NETL0.60%USRT0.08%

Avg volume · 30D

USRT 50.3×the volume

NETL15.6KUSRT787K

5Y return · a year

USRT +3.9pt

NETL−0.6%USRT+3.3%

NETL vs USRT Performance

Oct 29, 2021 – Oct 30, 2026

−2.9%NETL+17.7%USRT

Oct 29, 2021 to Oct 30, 2026. NETL −2.9%. USRT +17.7%. Use the arrow keys to read each point.−20%−10%10%30%Oct 2021Apr 2024Oct 2026
Expense ratio
NETL 0.60%
USRT 0.08%, better
Fund size
NETL $47M
USRT $4.29B
1Y total return
NETL +5.0%
USRT +13.9%, better
Yield (12M)
NETL 5.28%, better
USRT 2.75%
Holdings
NETL 23
USRT 126
Avg volume (30D)
NETL 15.6K sh
USRT 787K sh, better
NAV per share
NETL $23.98
USRT $63.78
52W range

ETF.net Grade

NETL: Cost 5, Risk 36, Mission not scored, Tradability 19, Holdings 39, Durability 18. USRT: Cost 93, Risk 61, Mission 100, Tradability 81, Holdings 53, Durability 78.
Pillar letters and Scores for NETL, USRT, with each pillar’s weight
PillarNETLUSRT
Cost30% weightF5A93Higher
Mission25% weightNot scoredA100
Risk15% weightD36B61Higher
Tradability15% weightF19A81Higher
Holdings10% weightD39C53Higher
Durability5% weightF18A78Higher

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. NETL 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 NETL 19th 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 80
  4. Rank 19FDESKVanEck Office and Commercial REIT ETFScore 19
  5. Rank 19FNETLColterpoint Net Lease Real Estate ETFScore 19
  6. Rank 21FTSRSTruth Social American Red State REITs ETFScore 13

Our read on each fund

ETF.net Research

NETLFColterpoint Net Lease Real Estate ETF

USRTAiShares Core U.S. REIT ETF

In short

NETL One idea, cleanly cut: US REITs whose tenants pay the taxes, insurance and upkeep under long leases. It has tracked a rules-based net lease index since 2019, pays monthly, and charges more than the broad real estate crowd.

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

NETL The Fund is designed to follow the performance of the Colterpoint Net Lease Real Estate Index before fees and expenses.

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

Why people hold it

  • NETL Pure-play net lease exposure: landlords on long contractual leases where the tenant covers most property costs. Broad REIT funds bury this slice inside offices, towers and malls.netleaseetf.com
  • The index screens for net lease specialists and caps how much weight any single company or tenant can carry, so one troubled retailer cannot dominate the book.netleaseetf.com
  • Pays distributions monthly rather than the quarterly rhythm most equity real estate funds keep.
  • Running the same passive index mandate since its 2019 launch, with the benchmark named in the prospectus.
  • 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

  • NETL At 0.60% a year, it costs multiples of broad US real estate index funds such as SCHH (0.07%) and VNQ (0.13%). The specialist niche is what you are paying the premium for.
  • A small fund that does not trade heavily, so bid-ask spreads can widen, particularly in fast markets.
  • Distributions can include return of capital, which hands back part of your own investment rather than income the portfolio earned.
  • 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 NETL profile⁠

Full USRT profile⁠

NETL vs USRT Holdings

How NETL and USRT differ

Overlap by weight

13.0%

Shared holdings make up 98.9% of NETL and 13.0% of USRT.

Level by level

  • Asset classEquity, Real Estate0.0%
  • Sector11 Sectors0.0%
  • Holdings22 in both13.0%
  • Countryby domicile100%

Sector

Sector weights in NETL and USRT, widest gap first
SectorMore in NETLMore in USRT
Real EstateNETL +100.0 points
Health Care REITsUSRT +21.2 points
Retail ReitsUSRT +19.3 points
Industrial REITsUSRT +12.7 points
Data Center REITsUSRT +11.5 points
Multi-Family Residential REITsUSRT +9.9 points
Self Storage REITsUSRT +8.8 points
Single-Family Residential REITsUSRT +5.2 points
Hotel & Resort REITsUSRT +4.5 points
Office REITsUSRT +4.1 points
Diversified REIT'sUSRT +2.7 points

Country, concentration and asset class

Country by domicile

Country weights in NETL and USRT, widest gap first
CountryMore in NETLMore in USRT
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • NETL61.2%
  • USRT50.3%

Securities held

  • NETL22
  • USRT123

Asset class

NETL
Equity
USRT
Real Estate

Holdings

  • Only in NETL0
  • In both22
  • Only in USRT101

Only in NETL

0 securities, 0.0% of NETL by weight

Only in USRT

101 securities, 86.7% of USRT by weight

  • Welltower9.03%
  • Prologis Reit6.93%
  • Equinix Reit6.12%

Weight gaps

All 22 Holdings in both funds, largest gap first.

Holding weights in NETL and USRT, widest gap first
HoldingMore in NETLMore in USRT
Agree Realty CorpADCNETL +7.36 points
Nnn Reit IncNNNNETL +7.16 points
Wp Carey IncWPCNETL +6.78 points
Vici Properties IncVICINETL +5.98 points
Lxp Industrial TrustLXPNETL +4.06 points
Realty Income CorpONETL +4.02 points
Innovative Industrial ProperIIPRNETL +3.94 points
Epr PropertiesEPRNETL +3.90 points

All 22 NETL holdings⁠All 123 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.

NETL vs USRT Cost

Overpaying NETL vs USRT

$10,128

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

  • NETL 0.60%

    $11,817

  • USRT 0.08%

    $1,689

$10,000
30 years

Cost over time

  • NETL 0.60%
  • USRT 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530NETL $11,817USRT $1,689

Year by year

YearNETLUSRTOverpaying
10$1,076$147$929
20$4,116$575$3,541
30$11,817$1,689$10,128

Expense ratio

  • 0.60%NETL
  • 0.08%USRT, cheaper
  • Middle half of US Real Estate funds
  • Median 0.35%

USRT 2nd cheapest of 21 funds

NETL 20th cheapest of 21 funds

NETL vs USRT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NETL 5.28%, better
USRT 2.75%
Payout (12M)
NETL $1.26
USRT $1.75
Last payment
NETL $0.11
USRT $0.47
Ex-dividend
NETL Oct 28, 2026
USRT Sep 15, 2026
Paid on
NETL Oct 30, 2026
USRT Sep 18, 2026
Frequency
NETL Monthly
USRT Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

NETLMonthly · 46 paymentsAll NETL payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 27, 2023 $0.10; Feb 24, 2023 $0.10; Mar 29, 2023 $0.10; Apr 26, 2023 $0.10; May 26, 2023 $0.10; Jun 28, 2023 $0.10; Jul 27, 2023 $0.10; Aug 29, 2023 $0.10; Sep 27, 2023 $0.10; Oct 27, 2023 $0.10; Nov 28, 2023 $0.10; Dec 27, 2023 $0.10; Jan 24, 2024 $0.10; Feb 26, 2024 $0.10; Mar 25, 2024 $0.10; Apr 24, 2024 $0.10; May 23, 2024 $0.10; Jun 24, 2024 $0.10; Jul 24, 2024 $0.10; Aug 26, 2024 $0.10; Sep 24, 2024 $0.10; Oct 24, 2024 $0.10; Nov 25, 2024 $0.10; Dec 30, 2024 $0.10; Jan 30, 2025 $0.10; Feb 27, 2025 $0.10; Mar 27, 2025 $0.10; Apr 29, 2025 $0.10; May 29, 2025 $0.10; Jun 26, 2025 $0.10; Jul 30, 2025 $0.10; Aug 28, 2025 $0.10; Sep 29, 2025 $0.10; Oct 30, 2025 $0.11; Nov 25, 2025 $0.11; Dec 30, 2025 $0.11; Jan 28, 2026 $0.11; Feb 25, 2026 $0.11; Mar 27, 2026 $0.11; Apr 28, 2026 $0.11; May 27, 2026 $0.11; Jun 26, 2026 $0.11; Jul 29, 2026 $0.11; Aug 27, 2026 $0.11; Sep 28, 2026 $0.11; Oct 28, 2026 $0.11. Use the arrow keys to read each point.$0$0.5020232026YTD
USRTQuarterly · 15 paymentsAll USRT payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. 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$0.5020232026YTD

NETL vs USRT Risk

Fall from peak · 5 years

  • NETL
  • USRT
Oct 29, 2021 to Oct 30, 2026. Worst fall: USRT −31.0% · Oct 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
NETL 17.6%USRT 16.1%, better
Return per unit of riskSharpe ratio, 3 years
NETL 0.36USRT 0.70, better
Worst fallMax drawdown, 5 years
NETL −30.6%, betterUSRT −31.0%
Market sensitivityBeta, 5 years
NETL 0.82USRT 0.96

NETL and USRT in the news

All news⁠

Popular comparisons

  • NETLFvsSCHHA

    Colterpoint Net Lease Real Estate ETF · Schwab U.S. REIT ETF

    Expense ratio
    0.60% · 0.07%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USRTAvsSCHHA

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

    Expense ratio
    0.08% · 0.07%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NETLFvsFRELA

    Colterpoint Net Lease Real Estate ETF · Fidelity MSCI Real Estate Index ETF

    Expense ratio
    0.60% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USRTAvsFRELA

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

    Expense ratio
    0.08% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NETLFvsXLREA

    Colterpoint Net Lease Real Estate ETF · State Street Real Estate Select Sector SPDR ETF

    Expense ratio
    0.60% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USRTAvsXLREA

    iShares Core U.S. REIT ETF · State Street Real Estate Select Sector SPDR ETF

    Expense ratio
    0.08% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.