REET vs VGSR: Grades, Fees and Holdings Compared

iShares Global REIT ETF

REETANYSE Arca

Vert Global Sustainable Real Estate ETF

VGSRBNasdaq

Overlap

60.7%by weight

Expense ratio

REET −0.31pt a year

REET0.14%VGSR0.45%

Avg volume · 30D

REET 23.0×the volume

REET3.02MVGSR131K

REET vs VGSR Performance

Oct 31, 2025 – Nov 2, 2026

+9.7%REET+8.8%VGSR

Expense ratio: REET 0.14%, better; VGSR 0.45%
Fund size: REET $4.77B; VGSR $495M
1Y total return: REET +9.7%, better; VGSR +8.8%
Yield (12M): REET 3.49%, better; VGSR 2.85%
Holdings: REET 350; VGSR 161
Avg volume (30D): REET 3.02M sh, better; VGSR 131K sh
NAV per share: REET $26.44; VGSR $10.95
52W range

ETF.net Grade

Pillar letters and Scores for REET, VGSR, with each pillar’s weight
Pillar	REET	VGSR
Cost30% weight	A88Higher	B68
Mission25% weight	A99	Not scored
Risk15% weight	B61	B66Higher
Tradability15% weight	A100Higher	B58
Holdings10% weight	D39	B57Higher
Durability5% weight	A92Higher	B58

Rank among Global & International Real Estate funds

How we build Categories ›

Same Category. REET and VGSR 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 VGSR 6th of 18 funds in the Global & International Real Estate Category.

Rank 1AREETiShares Global REIT ETFScore 78
Rank 2ADFGRDimensional Global Real Estate ETFScore 77
Rank 5BGQRENorthern Trust Global Quality Real Estate ETFScore 67
Rank 6BVGSRVert Global Sustainable Real Estate ETFScore 63
Rank 7BRWOState Street SPDR Dow Jones Global Real Estate ETFScore 57

Our read on each fund

ETF.net Research

REETAiShares Global REIT ETF

VGSRBVert Global Sustainable 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.

VGSR One firm, one idea: global REITs screened on emissions, energy, water and green buildings, then held at roughly market-cap weights with Dimensional sub-advising. 0.45% net of a waiver through October 31, 2028.

Stated mandate

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

VGSR The Fund seeks long-term capital appreciation through an actively managed portfolio of sustainable real estate companies.

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.

VGSR Vert wrote the screen for real estate itself: emissions, energy, water, green buildings, green leasing, disclosure. It avoids third-party ESG ratings where it can.vertfunds.com vertfunds.com 2
Dimensional Fund Advisors sub-advises. Positions sit near market-cap weights and portfolio turnover runs low, a buy-and-hold book rather than a trading one.vertfunds.com vertfunds.com 2
Launched in 2017 as a mutual fund and converted to an ETF in December 2023, keeping the same manager, sub-adviser and strategy. Long history for a boutique shop.vertfunds.com sec.gov
Fee is 0.45% net of a waiver through October 31, 2028 (0.51% gross), near the median of its 18-fund global real estate group, and the fund sits in that group's upper half.

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

VGSR Index peers cost much less: HAUZ at 0.10%, REET at 0.14%. The fee here buys the sustainability screen and the engagement work, not wider exposure.
The screen disqualifies REITs for things like rising emissions or poor disclosure, so country and property-type weights can sit well away from a broad global REIT index.vertfunds.com vertfunds.com 2
It trades more lightly than the giant index REIT funds, so spreads can run wider at times. Distributions are paid quarterly.

Full REET profile⁠

Full VGSR profile⁠

REET vs VGSR Holdings

How REET and VGSR differ

Overlap by weight

60.7%

Shared holdings make up 89.5% of VGSR and 68.6% of REET.

Level by level

Asset classReal Estate, Equity0.0%
Holdings137 in both60.7%
Countryby domicile91.7%

Sector

No Sector split for VGSR.

Country, concentration and asset class

Country by domicile

Country weights in REET and VGSR, widest gap first
Country	More in REETMore in VGSR	REET	VGSR
United States	REET +7.3 points	78.1%	70.8%
Australia	VGSR +2.3 points	6.2%	8.5%
Belgium	VGSR +1.4 points	0.0%	1.4%
Canada	REET +1.0 points	1.9%	0.9%
France	VGSR +0.9 points	1.9%	2.8%
United Kingdom	VGSR +0.8 points	4.2%	5.0%
Spain	VGSR +0.7 points	0.0%	0.7%
Japan	VGSR +0.5 points	4.8%	5.3%
Other countries (7)	VGSR +1.6 points	2.9%	4.5%

Outside the US: VGSR 97% developed, 3% emerging.

Concentration

Weight in the 10 largest Holdings

REET43.2%
VGSR44.9%

Securities held

REET326
VGSR150

Asset class

REET: Real Estate
VGSR: Equity

Holdings

Only in REET189
In both137
Only in VGSR13

Only in REET

189 securities, 30.9% of REET by weight

Public Storage Reit3.09%
Realty Income Reit3.01%
Vivmark Residential2.67%
Vici Pptys Inc1.50%
Invitation Homes0.89%
W. P. Carey Reit0.82%
Sun Communities Reit Inc0.77%
Link Real Estate Investment Trust0.74%
Gaming and Leisure Properties Reit0.62%
Eastgroup Properties Reit0.60%
American Homes Rent Reit Class A0.59%
American Healthcare Reit0.58%
Cubesmart Reit0.55%
Ryman Hospitality Properties Reit0.50%
Agree Realty Reit0.46%
Nnn Reit0.44%
First Industrial Realty Trust0.41%
Terreno Realty Reit0.39%
Charter Hall Group Stapled Units0.38%
Essential Properties Realty Trust0.33%
Londonmetric Property Reit PLC0.32%
Fibra Uno Administracion Reit0.29%
Epr Properties Reit0.25%
Tanger0.23%
Apple Hospitality Reit Inc0.23%
Millrose Properties Inc Class A0.22%
Fibra Mty Sapi Reit0.22%
Embassy Office Parks Reit Units0.22%
Copt Defense Properties0.21%
Granite Real Estate Investment Sta0.20%
Keppel Dc Reit0.20%
Lxp Industrial Trust0.20%
Independence Realty0.20%
Highwoods Properties Reit0.19%
Canadian Apartment Properties Real0.19%
Broadstone Net Lease0.18%
National Health Investors Reit0.18%
United Urban Investment Reit0.17%
Curbline Properties0.17%
Mapletree Logistics Trust Units0.16%
Mapletree Industrial Units Trust0.16%
Invincible Investment Reit0.16%
Acadia Realty Trust Reit0.15%
Lineage0.14%
Four Corners Property Inc Trust0.14%
Inventrust Properties0.13%
Advance Residence Investment Reit0.13%
Ltc Properties Reit0.13%
Sunstone Hotel Investors Reit Inc0.13%
Mapletree Pan Asia Commercial Trus0.12%

Only in VGSR

13 securities, 10.3% of VGSR by weight

American Tower Corp5.04%
Vivmark Residential4.40%
Invesco Government & Agency Portfolio 12/31/20310.34%
Goodman New Zealand Ltd & Goodman Property Services NZ Ltd0.11%
Precinct Properties New Zealand Ltd0.10%
JBG SMITH Properties0.07%
Killam Apartment Real Estate Investment Trust0.07%
Empire State Realty Trust Inc0.06%
Brandywine Realty Trust0.04%
Hudson Pacific Properties Inc0.04%
Dream Office Real Estate Investment Trust<0.01%
Wereldhave Belgium Comm VA<0.01%
CLS Holdings PLC<0.01%

Weight gaps

The 100 widest of 137 Holdings in both funds.

Holding weights in REET and VGSR, widest gap first
Holding	More in REETMore in VGSR	REET	VGSR
WelltowerWELL	REET +4.62 points	9.59%	4.97%
Prologis ReitPLD	REET +2.11 points	6.86%	4.75%
Ventas ReitVTR	VGSR +1.82 points	2.45%	4.27%
Goodman Group Units	VGSR +1.46 points	2.15%	3.61%
Extra Space Storage ReitEXR	VGSR +1.46 points	1.80%	3.26%
Iron Mountain IncIRM	VGSR +1.44 points	1.95%	3.39%
Simon Property Group Reit IncSPG	VGSR +1.32 points	3.94%	5.26%
Equinix ReitEQIX	REET +1.06 points	5.65%	4.59%
Digital Realty Trust ReitDLR	VGSR +0.85 points	3.79%	4.64%
Kimco Realty Reit CorpKIM	VGSR +0.77 points	0.92%	1.69%
Host Hotels & Resorts ReitHST	VGSR +0.73 points	0.97%	1.70%
Essex Property Trust ReitESS	VGSR +0.73 points	0.96%	1.69%
Segro Reit PLCSGRO.L	VGSR +0.68 points	0.93%	1.61%
Healthpeak Properties IncDOC	VGSR +0.58 points	0.75%	1.33%
Mid America Apartment CommunitiesMAA	VGSR +0.58 points	0.77%	1.35%
Omega Healthcare Investors ReitOHI	VGSR +0.53 points	0.81%	1.34%
Scentre Group	VGSR +0.51 points	0.74%	1.25%
Capitaland Integrated Commercial T	VGSR +0.48 points	0.64%	1.12%
Regency Centers Reit CorpREG	VGSR +0.46 points	0.77%	1.23%
Equity Lifestyle Properties Reit IELS	VGSR +0.45 points	0.65%	1.10%
Unibail Rodamco We Stapled Units	VGSR +0.43 points	0.68%	1.11%
BxpBXP	VGSR +0.40 points	0.56%	0.96%
Udr ReitUDR	VGSR +0.39 points	0.64%	1.03%
Camden Property Trust ReitCPT	VGSR +0.37 points	0.56%	0.93%
Rexford Industrial Realty ReitREXR	VGSR +0.35 points	0.49%	0.84%
Klepierre Reit SA	VGSR +0.34 points	0.50%	0.84%
Brixmor Property Group Reit IncBRX	VGSR +0.35 points	0.50%	0.85%
Land Securities Group Reit PLCLAND.L	VGSR +0.33 points	0.42%	0.75%
Federal Realty Investment Trust ReFRT	VGSR +0.33 points	0.53%	0.86%
Stag Industrial ReitSTAG	VGSR +0.31 points	0.40%	0.71%
Stockland Stapled Units Ltd	VGSR +0.30 points	0.41%	0.72%
Caretrust ReitCTRE	VGSR +0.30 points	0.48%	0.78%
Capitaland Ascendas Reit	VGSR +0.30 points	0.40%	0.70%
Vicinity Centres	VGSR +0.29 points	0.38%	0.67%
Macerich ReitMAC	VGSR +0.30 points	0.39%	0.69%
Gpt Group Stapled Units	VGSR +0.27 points	0.37%	0.64%
Aedifica NV	VGSR +0.27 points	0.37%	0.64%
Alexandria Real Estate Equities ReARE	VGSR +0.26 points	0.39%	0.65%
British Land ReitBLND.L	VGSR +0.26 points	0.33%	0.59%
Tritax Big Box Reit PLCBBOX.L	VGSR +0.23 points	0.29%	0.52%
Kite Realty Group Trust ReitKRG	VGSR +0.23 points	0.28%	0.51%
Cousins Properties Reit IncCUZ	VGSR +0.22 points	0.27%	0.49%
Japan Metropolitan Fund Investment	VGSR +0.21 points	0.26%	0.47%
Phillips Edison and CompanyPECO	VGSR +0.22 points	0.28%	0.50%
Merlin Properties Reit	VGSR +0.21 points	0.31%	0.52%
Mirvac Group Stapled Units	VGSR +0.21 points	0.29%	0.50%
Vornado Realty Trust ReitVNO	VGSR +0.20 points	0.34%	0.54%
Nippon Building Fund Reit	VGSR +0.19 points	0.35%	0.54%
Healthcare Realty Trust Inc ClassHR	VGSR +0.20 points	0.34%	0.54%
Prologis Property Mexico Reit	VGSR +0.19 points	0.27%	0.46%
Dexus Stapled Units	VGSR +0.19 points	0.24%	0.43%
Americold Realty Inc TrustCOLD	VGSR +0.18 points	0.23%	0.41%
Japan Real Estate Investment Trust	VGSR +0.17 points	0.26%	0.43%
Warehouses De Pauw NV	VGSR +0.17 points	0.25%	0.42%
Sabra Health Care ReitSBRA	VGSR +0.16 points	0.28%	0.44%
Sl Green Realty Reit CorpSLG	VGSR +0.15 points	0.20%	0.35%
Kilroy Realty ReitKRC	VGSR +0.14 points	0.24%	0.38%
Japan Hotel Investment Reit	VGSR +0.14 points	0.17%	0.31%
Glp J-Reit Reit	VGSR +0.14 points	0.22%	0.36%
Kdx Realty Investment Reit Corp	VGSR +0.14 points	0.18%	0.32%
Diamondrock HospitalityDRH	VGSR +0.14 points	0.16%	0.30%
Daiwa House Reit Corp	VGSR +0.13 points	0.16%	0.29%
Nippon Prologis Reit	VGSR +0.13 points	0.21%	0.34%
Primary Health Properties Reit PLCPHP.L	VGSR +0.13 points	0.17%	0.30%
Orix Jreit Reit Inc	VGSR +0.12 points	0.16%	0.28%
Growthpoint Prop Ltd Shs	VGSR +0.12 points	0.17%	0.29%
Hammerson Reit PLCHMSO.L	VGSR +0.12 points	0.14%	0.26%
Covivio SA	VGSR +0.12 points	0.15%	0.27%
Nomura Real Estate Master Fund Rei	VGSR +0.12 points	0.18%	0.30%
Redefine Properties	VGSR +0.11 points	0.14%	0.25%
Shaftesbury Capital Reit PLCSHC.L	VGSR +0.12 points	0.16%	0.28%
Big Yellow Group Reit PLCBYG.L	VGSR +0.11 points	0.13%	0.24%
Derwent London Reit PLCDLN.L	VGSR +0.11 points	0.15%	0.26%
Gecina SA	VGSR +0.10 points	0.21%	0.31%
Urban Edge PropertiesUE	VGSR +0.09 points	0.14%	0.23%
Frasers Logistics & Commercial Tru	VGSR +0.09 points	0.11%	0.20%
Capitaland Ascott Stapled Unit Tru	VGSR +0.08 points	0.10%	0.18%
Japan Prime Realty Investment Reit	VGSR +0.08 points	0.12%	0.20%
Unite Group Reit PLCUTG.L	VGSR +0.08 points	0.18%	0.26%
Keppel Reit Units	VGSR +0.09 points	0.11%	0.20%
Great Portland Estates Reit PLCGPE.L	VGSR +0.08 points	0.10%	0.18%
Sekisui House Reit	VGSR +0.07 points	0.09%	0.16%
Frasers Centrepoint Units Trust	VGSR +0.07 points	0.12%	0.19%
Lasalle Logiport Reit	VGSR +0.07 points	0.07%	0.14%
Safestore Holdings Reit PLCSAFE.L	VGSR +0.06 points	0.09%	0.15%
Suntec Reit Units Trust	VGSR +0.06 points	0.13%	0.19%
Park Hotels Resorts IncPK	VGSR +0.07 points	0.17%	0.24%
Charter Hall Long Wale Reit Staple	VGSR +0.06 points	0.10%	0.16%
Activia Properties Reit	VGSR +0.06 points	0.09%	0.15%
Industrial & Infrastructure Fund I	VGSR +0.06 points	0.12%	0.18%
Xior Student Housing NV	VGSR +0.06 points	0.06%	0.12%
Montea NV	VGSR +0.05 points	0.09%	0.14%
Japan Logistics Fund Reit Inc	VGSR +0.06 points	0.08%	0.14%
Umh Properties IncUMH	VGSR +0.05 points	0.07%	0.12%
Eurocommercial Properties	VGSR +0.05 points	0.07%	0.12%
Mori Trust Reit Inc	VGSR +0.05 points	0.06%	0.11%
Hulic Reit Inc	VGSR +0.05 points	0.06%	0.11%
Charter Hall Retail Units	VGSR +0.05 points	0.08%	0.13%
Kiwi Property Group Ltd	VGSR +0.05 points	0.04%	0.09%
Lendlease Global Commercial Reit U	VGSR +0.05 points	0.06%	0.11%

All 318 REET holdings⁠All VGSR 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 VGSR Cost

Overpaying VGSR vs REET

$6,109

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

REET 0.14%
$2,932
VGSR 0.45%
$9,041

Amount$10,000

Years30 years

Cost over time

REET 0.14%
VGSR 0.45%
Overpaying

Year by year

Year	REET	VGSR	Overpaying
10	$256	$812	$556
20	$1,000	$3,128	$2,128
30	$2,932	$9,041	$6,109

Expense ratio

0.14%REET, cheaper
0.45%VGSR

REET0.14%VGSR0.45%

0.10%0.60%

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

REET 3rd cheapest of 18 funds

VGSR 6th cheapest of 18 funds

REET vs VGSR Dividends

Last 12 months to Nov 2, 2026

Yield (12M): REET 3.49%, better; VGSR 2.85%
Payout (12M): REET $0.93; VGSR $0.32
Last payment: REET $0.23; VGSR $0.06
Ex-dividend: REET Sep 15, 2026; VGSR Sep 24, 2026
Paid on: REET Sep 18, 2026; VGSR Sep 25, 2026
Frequency: REET Quarterly; VGSR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

REETQuarterly · 38 paymentsAll REET payments⁠

VGSRQuarterly · 12 paymentsAll VGSR payments⁠

REET vs VGSR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: REET 15.4%VGSR 13.7%since Jan 2024
Return per unit of riskSharpe ratio, 3 years: REET 0.59VGSR 0.23since Jan 2024
Worst fallMax drawdown, 5 years: REET −32.1%VGSR −18.3%since Dec 2023
Market sensitivityBeta, 5 years: REET 0.93VGSR 1.03; Market = 1

REET and VGSR 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

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REET vs VGSR

In short

Stated mandate

Why people hold it