REET vs RWX: Grades, Fees and Holdings Compared

iShares Global REIT ETF

REETANYSE Arca

State Street SPDR Dow Jones International Real Estate ETF

RWXDNYSE Arca

Overlap

9.2%by weight

Expense ratio

REET −0.45pt a year

REET0.14%RWX0.59%

Avg volume · 30D

REET 80.0×the volume

REET3.02MRWX37.7K

10Y return · a year

REET +3.4pt

REET+4.3%RWX+0.9%

REET vs RWX Performance

Oct 29, 2021 – Oct 30, 2026

+6.3%REET−12.9%RWX

Expense ratio: REET 0.14%, better; RWX 0.59%
Fund size: REET $4.77B; RWX $230M
1Y total return: REET +8.6%, better; RWX −2.8%
Yield (12M): REET 3.52%; RWX 4.19%, better
Holdings: REET 350; RWX 146
Avg volume (30D): REET 3.02M sh, better; RWX 37.7K sh
NAV per share: REET $26.44; RWX $25.77
52W range

ETF.net Grade

Pillar letters and Scores for REET, RWX, with each pillar’s weight
Pillar	REET	RWX
Cost30% weight	A88Higher	F12
Mission25% weight	A99Higher	A81
Risk15% weight	B58Higher	D35
Tradability15% weight	A100Higher	C53
Holdings10% weight	D39	A71Higher
Durability5% weight	A92Higher	B66

Rank among Global & International Real Estate funds

How we build Categories ›

Same Category. REET and RWX 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 RWX 15th of 18 funds in the Global & International Real Estate Category.

Rank 1AREETiShares Global REIT ETFScore 78
Rank 2ADFGRDimensional Global Real Estate ETFScore 77
Rank 14DSPRESP Funds S&P Global REIT Sharia ETFScore 39
Rank 15DRWXState Street SPDR Dow Jones International Real Estate ETFScore 36
Rank 16DBLDGCambria Global Real Estate ETFScore 34

Our read on each fund

ETF.net Research

REETAiShares Global REIT ETF

RWXDState Street SPDR Dow Jones International Real Estate ETF

In short

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.

RWX Owning landlords abroad, the old-school way. Since 2006 RWX has tracked a Dow Jones index of listed real estate outside the US: roughly 120 property companies, and not a single American REIT in the mix.

Stated mandate

REET The fund seeks to track a global real-estate-equity index covering publicly listed REITs in developed and emerging markets.

RWX The fund seeks to track, before fees and expenses, the total return of the Dow Jones Global ex-U.S. Select Real Estate Securities Index and provide exposure to the international real estate market.

Why people hold it

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.

RWX Pure ex-US by design. Its Dow Jones index leaves American REITs out, so it layers on top of a domestic property holding instead of doubling up on it.ssga.com
Trading since 2006, so its record runs through real property cycles rather than a backtest.
Roughly 120 listed property companies outside the US, with rent income passed along on a quarterly distribution schedule.
The portfolio hews closely to the index it names, so the label and the holdings tell the same story.

Worth knowing

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

RWX At 0.59% a year it sits above the category median of 0.50%, and well above index rivals HAUZ (0.10%) and VNQI (0.12%).
It trades thinly next to the category's biggest funds, so bid-ask spreads can run wider, which shows up most on large or hurried orders.
Global peers like REET and RWO put US and overseas property in one ticker. RWX skips the US on purpose, so it covers a slice of real estate, not the whole map.

Full REET profile⁠

Full RWX profile⁠

REET vs RWX Holdings

How REET and RWX differ

Overlap by weight

9.2%

Shared holdings make up 38.7% of RWX and 9.2% of REET.

Level by level

Asset classReal Estate, Equity0.0%
Sector17 Sectors0.0%
Holdings57 in both9.2%
Countryby domicile21.9%

Sector

Sector weights in REET and RWX, widest gap first
Sector	More in REETMore in RWX	REET	RWX
Real Estate	RWX +78.4 points	0.0%	78.4%
Retail Reits	REET +19.9 points	19.9%	0.0%
Industrial REITs	REET +18.0 points	18.0%	0.0%
Health Care REITs	REET +17.8 points	17.8%	0.0%
Data Center REITs	REET +10.4 points	10.4%	0.0%
Financials	RWX +9.6 points	0.0%	9.6%
Diversified REIT's	REET +8.4 points	8.4%	0.0%
Multi-Family Residential REITs	REET +7.6 points	7.6%	0.0%
Self Storage REITs	REET +6.0 points	6.0%	0.0%
Office REITs	REET +5.5 points	5.5%	0.0%
Consumer Discretionary	RWX +4.0 points	0.0%	4.0%
Technology	RWX +3.9 points	0.0%	3.9%
Hotel & Resort REITs	REET +3.2 points	3.2%	0.0%
Single-Family Residential REITs	REET +3.2 points	3.2%	0.0%
Health Care	RWX +1.9 points	0.0%	1.9%
Energy	RWX +1.7 points	0.0%	1.7%
Industrials	RWX +0.4 points	0.0%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in REET and RWX, widest gap first
Country	More in REETMore in RWX	REET	RWX
United States	REET +78.1 points	78.1%	0.0%
Japan	RWX +22.3 points	4.8%	27.1%
United Kingdom	RWX +9.0 points	4.2%	13.2%
Singapore	RWX +6.9 points	2.9%	9.8%
Hong Kong	RWX +6.5 points	0.0%	6.5%
Switzerland	RWX +5.4 points	0.0%	5.4%
France	RWX +4.6 points	1.9%	6.5%
Sweden	RWX +3.6 points	0.0%	3.6%
Other countries (12)	RWX +19.9 points	8.1%	28.0%

Outside the US: RWX 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

REET43.2%
RWX29.8%

Securities held

REET326
RWX128

Asset class

REET: Real Estate
RWX: Equity

Holdings

Only in REET269
In both57
Only in RWX71

Only in REET

269 securities, 90.3% 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%
Goodman Group Units2.15%
Iron Mountain Inc1.95%
Extra Space Storage Reit1.80%
Vici Pptys Inc1.50%
Host Hotels & Resorts Reit0.97%
Essex Property Trust Reit0.96%
Segro Reit PLC0.93%
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%
Unibail Rodamco We Stapled Units0.68%
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%
Klepierre Reit SA0.50%
Rexford Industrial Realty Reit0.49%
Caretrust Reit0.48%
Agree Realty Reit0.46%
Nnn Reit0.44%
Land Securities Group Reit PLC0.42%
Stockland Stapled Units Ltd0.41%
First Industrial Realty Trust0.41%
Stag Industrial Reit0.40%
Macerich Reit0.39%
Alexandria Real Estate Equities Re0.39%
Terreno Realty Reit0.39%
Charter Hall Group Stapled Units0.38%

Only in RWX

71 securities, 61.0% of RWX by weight

Mitsui Fudosan Co Ltd6.23%
Segro PLC3.51%
Swiss Prime Site Reg2.87%
Unibail Rodamco Westfield2.77%
Klepierre2.04%
Psp Swiss Property AG Reg1.93%
Hulic Co Ltd1.73%
Land Securities Group PLC1.69%
Aedifica1.51%
Wharf Real Estate Investment1.45%
British Land Co PLC1.34%
Merlin Properties Socimi SA1.32%
Londonmetric Property PLC1.27%
Nepi Rockcastle N.v.1.27%
Tritax Big Box Reit PLC1.22%
Trust Fibra Uno1.15%
Prologis Property Mexico SA1.12%
Warehouses De Pauw NV1.06%
Castellum Ab1.01%
Azrieli Group Ltd0.99%
Leg Immobilien SE0.95%
Sagax Ab B0.87%
Gecina SA0.87%
Mega Or Holdings Ltd0.86%
Fastighets Ab Balder B Shrs0.77%
Growthpoint Properties Ltd0.76%
Primary Health Properties0.76%
Corp Inmobiliaria Vesta Sab0.75%
Swire Properties Ltd0.72%
Melisron0.71%
Shaftesbury Capital PLC0.66%
Plaza SA Y Filiales0.66%
Hammerson PLC0.64%
Redefine Properties Ltd0.64%
Unite Group Plc/The0.63%
Covivio0.62%
Derwent London PLC0.61%
Parque Arauco S.a.0.60%
Central Pattana Pcl Nvdr0.59%
Big Yellow Group PLC0.56%
Wharf Holdings Ltd0.53%
Riocan Real Estate Invst Tr0.50%
Mapletree Pan Asia Com Trust0.48%
Wihlborgs Fastigheter Ab0.44%
Granite Real Estate Investme0.42%
Allos SA0.42%
International Workplace Grou0.42%
First Capital Real Estate In0.40%
Can Apartment Prop Real Esta0.38%
Grainger PLC0.38%

Weight gaps

All 57 Holdings in both funds, largest gap first.

Holding weights in REET and RWX, widest gap first
Holding	More in REETMore in RWX	REET	RWX
Link Real Estate Investment Trust	RWX +2.28 points	0.74%	3.02%
Scentre Group	RWX +2.27 points	0.74%	3.01%
Capitaland Integrated Commercial T	RWX +1.98 points	0.64%	2.62%
Capitaland Ascendas Reit	RWX +1.25 points	0.40%	1.65%
Nippon Building Fund Reit	RWX +1.20 points	0.35%	1.55%
Vicinity Centres	RWX +1.18 points	0.38%	1.56%
Gpt Group Stapled Units	RWX +1.13 points	0.37%	1.50%
Japan Real Estate Investment Trust	RWX +0.88 points	0.26%	1.14%
Japan Metropolitan Fund Investment	RWX +0.85 points	0.26%	1.11%
Dexus Stapled Units	RWX +0.76 points	0.24%	1.00%
Glp J-Reit Reit	RWX +0.69 points	0.22%	0.91%
Keppel Dc Reit	RWX +0.68 points	0.20%	0.88%
Nippon Prologis Reit	RWX +0.63 points	0.21%	0.84%
Kdx Realty Investment Reit Corp	RWX +0.62 points	0.18%	0.80%
Nomura Real Estate Master Fund Rei	RWX +0.62 points	0.18%	0.80%
Japan Hotel Investment Reit	RWX +0.55 points	0.17%	0.72%
Orix Jreit Reit Inc	RWX +0.54 points	0.16%	0.70%
United Urban Investment Reit	RWX +0.53 points	0.17%	0.70%
Invincible Investment Reit	RWX +0.52 points	0.16%	0.68%
Daiwa House Reit Corp	RWX +0.52 points	0.16%	0.68%
Mapletree Industrial Units Trust	RWX +0.51 points	0.16%	0.67%
Mapletree Logistics Trust Units	RWX +0.50 points	0.16%	0.66%
Japan Prime Realty Investment Reit	RWX +0.42 points	0.12%	0.54%
Advance Residence Investment Reit	RWX +0.42 points	0.13%	0.55%
Keppel Reit Units	RWX +0.37 points	0.11%	0.48%
Frasers Logistics & Commercial Tru	RWX +0.36 points	0.11%	0.47%
Frasers Centrepoint Units Trust	RWX +0.35 points	0.12%	0.47%
Industrial & Infrastructure Fund I	RWX +0.35 points	0.12%	0.47%
Mitsui Fudosan Logistics Park Reit	RWX +0.36 points	0.10%	0.46%
Safehold IncSAFE	RWX +0.33 points	0.04%	0.37%
Region Group Stapled Units Ltd	RWX +0.33 points	0.10%	0.43%
Sekisui House Reit	RWX +0.32 points	0.09%	0.41%
Capitaland Ascott Stapled Unit Tru	RWX +0.31 points	0.10%	0.41%
Suntec Reit Units Trust	RWX +0.31 points	0.13%	0.44%
Mitsui Fudosan Accommodations Fund	RWX +0.30 points	0.09%	0.39%
Activia Properties Reit	RWX +0.29 points	0.09%	0.38%
Lasalle Logiport Reit	RWX +0.28 points	0.07%	0.35%
Japan Logistics Fund Reit Inc	RWX +0.27 points	0.08%	0.35%
Charter Hall Long Wale Reit Staple	RWX +0.25 points	0.10%	0.35%
Comforia Residential Reit Inc	RWX +0.22 points	0.06%	0.28%
Mitsui Fudosan Retail Fund Investm	RWX +0.21 points	0.06%	0.27%
Aeon Reit Investment Reit Corp	RWX +0.20 points	0.06%	0.26%
Mori Hills Investment Reit	RWX +0.19 points	0.06%	0.25%
Lendlease Global Commercial Reit U	RWX +0.20 points	0.06%	0.26%
Mori Trust Reit Inc	RWX +0.18 points	0.06%	0.24%
Hulic Reit Inc	RWX +0.19 points	0.06%	0.25%
Daiwa Securities Living Investment	RWX +0.19 points	0.05%	0.24%
Ntt Ud Reit Investment Reit	RWX +0.18 points	0.06%	0.24%
Mitsubishi Estate Logistics Reit C	RWX +0.18 points	0.05%	0.23%
Daiwa Office Investment Reit Corp	RWX +0.18 points	0.05%	0.23%
Waypoint Reit Stapled Unit Ltd	RWX +0.17 points	0.06%	0.23%
Centuria Industr Units	RWX +0.17 points	0.07%	0.24%
Tokyu Reit	RWX +0.17 points	0.05%	0.22%
Japan Excellent Reit Inc	RWX +0.16 points	0.05%	0.21%
Nippon Reit Investment Reit	RWX +0.16 points	0.04%	0.20%
Hoshino Resorts Reit Inc	RWX +0.15 points	0.04%	0.19%
Global One Real Estate Investment	RWX +0.13 points	0.04%	0.17%

All 318 REET holdings⁠All 126 RWX 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.

REET vs RWX Cost

Overpaying RWX vs REET

$8,703

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

REET 0.14%
$2,932
RWX 0.59%
$11,635

Amount$10,000

Years30 years

Cost over time

REET 0.14%
RWX 0.59%
Overpaying

Year by year

Year	REET	RWX	Overpaying
10	$256	$1,058	$802
20	$1,000	$4,051	$3,051
30	$2,932	$11,635	$8,703

Expense ratio

0.14%REET, cheaper
0.59%RWX

REET0.14%RWX0.59%

0.10%0.60%

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

REET 3rd cheapest of 18 funds

RWX 16th cheapest of 18 funds

REET vs RWX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): REET 3.52%; RWX 4.19%, better
Payout (12M): REET $0.93; RWX $1.08
Last payment: REET $0.23; RWX $0.29
Ex-dividend: REET Sep 15, 2026; RWX Sep 21, 2026
Paid on: REET Sep 18, 2026; RWX Sep 23, 2026
Frequency: REET Quarterly; RWX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

REETQuarterly · 38 paymentsAll REET payments⁠

RWXQuarterly · 39 paymentsAll RWX payments⁠

REET vs RWX Risk

Fall from peak · 5 years

REET
RWX

Risk facts

VolatilityStd dev, 3 years: REET 15.4%, betterRWX 17.3%
Return per unit of riskSharpe ratio, 3 years: REET 0.59, betterRWX 0.27
Worst fallMax drawdown, 5 years: REET −32.1%, betterRWX −34.5%
Market sensitivityBeta, 5 years: REET 0.93RWX 0.97; Market = 1

REET and RWX 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

Popular comparisons

REETAvsDFGRA
iShares Global REIT ETF · Dimensional Global Real Estate ETF
Expense ratio
0.14% · 0.21%
Category
RWXDvsDFGRA
State Street SPDR Dow Jones International Real Estate ETF · Dimensional Global Real Estate ETF
Expense ratio
0.59% · 0.21%
Category
REETAvsHAUZA
iShares Global REIT ETF · Xtrackers International Real Estate ETF
Expense ratio
0.14% · 0.10%
Category
RWXDvsHAUZA
State Street SPDR Dow Jones International Real Estate ETF · Xtrackers International Real Estate ETF
Expense ratio
0.59% · 0.10%
Category
REETAvsVNQIA
iShares Global REIT ETF · Vanguard Global ex-U.S. Real Estate ETF
Expense ratio
0.14% · 0.12%
Category
RWXDvsVNQIA
State Street SPDR Dow Jones International Real Estate ETF · Vanguard Global ex-U.S. Real Estate ETF
Expense ratio
0.59% · 0.12%
Category

REET vs RWX

In short

Stated mandate

Why people hold it