REET vs SPRE

REETAiShares Global REIT ETF

SPREDSP Funds S&P Global REIT Sharia 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.

SPRE Real estate runs on borrowed money, which makes it a hard sector to screen for Islamic investors. SPRE takes that job on: a Sharia-screened global equity-REIT index spanning developed and emerging markets, with monthly distributions.

Stated mandate

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

SPRE The Fund seeks to track, before fees and expenses, the performance of the S&P Global All Equity REIT Shariah Capped Index.

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.

• SPRE A rare way to own listed property worldwide under an Islamic screen. It tracks the S&P Global All Equity REIT Shariah Capped Index, so the screen is written into the mandate, not applied by hand.
• Genuinely global reach: developed and emerging market REITs, not a US-only slice of the sector.
• The index is capped, which keeps any single landlord from swallowing the portfolio.
• Cash comes back monthly rather than quarterly, the cadence income-focused holders tend to prefer.

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

• SPRE 0.50% a year is the price of the screen. Plain-vanilla global REIT trackers such as REET, HAUZ and VNQI run for a fraction of that.
• Screening a debt-heavy sector thins the field, leaving a shorter, more concentrated roster than an unscreened global REIT fund.
• A smaller, moderately traded fund, so trading costs deserve more attention than with the giants of the category.

Full REET profile⁠

Full SPRE profile⁠