REET vs VNQI: Grades, Fees and Holdings Compared

iShares Global REIT ETF

REETANYSE Arca

Vanguard Global ex-U.S. Real Estate ETF

VNQIANasdaq

Overlap

23.6%by weight

Expense ratio

VNQI −0.02pt a year

REET0.14%VNQI0.12%

Avg volume · 30D

REET 10.3×the volume

REET3.02MVNQI293K

10Y return · a year

REET +2.5pt

REET+4.3%VNQI+1.8%

REET vs VNQI Performance

Oct 29, 2021 – Oct 30, 2026

+6.3%REET−9.8%VNQI

Expense ratio: REET 0.14%; VNQI 0.12%, better
Fund size: REET $4.77B; VNQI $3.6B
1Y total return: REET +8.6%, better; VNQI −5.1%
Yield (12M): REET 3.52%; VNQI 5.05%, better
Holdings: REET 350; VNQI 761
Avg volume (30D): REET 3.02M sh, better; VNQI 293K sh
NAV per share: REET $26.44; VNQI $42.63
52W range

ETF.net Grade

Pillar letters and Scores for REET, VNQI, with each pillar’s weight
Pillar	REET	VNQI
Cost30% weight	A88	A94Higher
Mission25% weight	A99Higher	A85
Risk15% weight	B58Higher	D38
Tradability15% weight	A100Higher	B62
Holdings10% weight	D39	A84Higher
Durability5% weight	A92Higher	A91

Rank among Global & International Real Estate funds

How we build Categories ›

Same Category. REET and VNQI 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 VNQI 4th of 18 funds in the Global & International Real Estate Category.

Rank 1AREETiShares Global REIT ETFScore 78
Rank 2ADFGRDimensional Global Real Estate ETFScore 77
Rank 3AHAUZXtrackers International Real Estate ETFScore 75
Rank 4AVNQIVanguard Global ex-U.S. Real Estate ETFScore 74
Rank 5BGQRENorthern Trust Global Quality Real Estate ETFScore 69

Our read on each fund

ETF.net Research

REETAiShares Global REIT ETF

VNQIAVanguard Global ex-U.S. 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.

VNQI Everything outside the US property market in one ticker: roughly 700 REITs, landlords and developers across 30-plus countries, developed and emerging, for 0.12% a year.

Stated mandate

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

VNQI The Fund seeks to track the S&P Global ex-U.S. Property Index, an index of international real estate stocks in developed and emerging markets. It generally uses full replication and invests at least 80% of assets in index securities.

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.

VNQI At 0.12% a year, it costs about a quarter of the typical global real estate fund and lands within two basis points of the cheapest in its peer group (HAUZ, 0.10%).
Full replication across roughly 700 names in more than 30 countries, so no single Tokyo landlord or Sydney mall owner carries the portfolio.vanguard.com
The benchmark reaches past pure REITs into companies that own, manage and develop property, which is how it covers markets where the REIT structure barely exists.spindices.com
Trading since 2010 and one of the tighter index trackers in its cohort, which is the whole job for a fund like this.

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

VNQI Currency exposure is unhedged, so moves in the dollar against the yen, euro and other local currencies feed straight into results.vanguard.com
Emerging markets and China-linked property companies are in the mix, a risk set the prospectus calls out separately from developed-market investing.vanguard.com
Distributions land annually or semiannually rather than monthly, so the income arrives in lumps.

Full REET profile⁠

Full VNQI profile⁠

REET vs VNQI Holdings

How REET and VNQI differ

Overlap by weight

23.6%

Shared holdings make up 41.7% of VNQI and 23.6% of REET.

Level by level

Asset classReal Estate, Equity0.0%
Sector16 Sectors0.0%
Countryby domicile21.9%
Holdings191 in both23.6%

Sector

Sector weights in REET and VNQI, widest gap first
Sector	More in REETMore in VNQI	REET	VNQI
Real Estate	VNQI +98.3 points	0.0%	98.3%
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%
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%
Hotel & Resort REITs	REET +3.2 points	3.2%	0.0%
Single-Family Residential REITs	REET +3.2 points	3.2%	0.0%
Industrials	VNQI +0.7 points	0.0%	0.7%
Consumer Discretionary	VNQI +0.6 points	0.0%	0.6%
Financials	VNQI +0.4 points	0.0%	0.4%
Health Care	Same weight	0.0%	0.0%
Technology	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in REET and VNQI, widest gap first
Country	More in REETMore in VNQI	REET	VNQI
United States	REET +78.1 points	78.1%	0.0%
Japan	VNQI +17.1 points	4.8%	21.9%
United Arab Emirates	VNQI +8.8 points	0.0%	8.8%
Hong Kong	VNQI +8.5 points	0.0%	8.5%
China	VNQI +5.1 points	0.0%	5.1%
Australia	VNQI +4.7 points	6.2%	10.9%
India	VNQI +3.9 points	0.0%	3.9%
Israel	VNQI +3.5 points	0.0%	3.5%
Other countries (27)	VNQI +26.3 points	11.0%	37.3%

Outside the US: VNQI 71% developed, 29% emerging.

Concentration

Weight in the 10 largest Holdings

REET43.2%
VNQI21.5%

Securities held

REET326
VNQI729

Asset class

REET: Real Estate
VNQI: Equity

Holdings

Only in REET135
In both191
Only in VNQI538

Only in REET

135 securities, 75.9% 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%
Iron Mountain Inc1.95%
Extra Space Storage Reit1.80%
Vici Pptys Inc1.50%
Host Hotels & Resorts Reit0.97%
Essex Property Trust Reit0.96%
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%
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%
Rexford Industrial Realty Reit0.49%
Caretrust Reit0.48%
Agree Realty Reit0.46%
Nnn Reit0.44%
First Industrial Realty Trust0.41%
Stag Industrial Reit0.40%
Macerich Reit0.39%
Alexandria Real Estate Equities Re0.39%
Terreno Realty Reit0.39%
Healthcare Realty Trust Inc Class0.34%
Vornado Realty Trust Reit0.34%
Essential Properties Realty Trust0.33%
Kite Realty Group Trust Reit0.28%
Phillips Edison and Company0.28%
Sabra Health Care Reit0.28%
Cousins Properties Reit Inc0.27%

Only in VNQI

538 securities, 58.0% of VNQI by weight

Mitsubishi Estate Co Ltd2.76%
Emaar Properties PJSC2.76%
Mitsui Fudosan Co Ltd2.54%
Sun Hung Kai Properties Ltd2.08%
Sumitomo Realty & Development Co Ltd1.90%
SLBBH11421.81%
Daiwa House Industry Co Ltd1.70%
Vonovia SE1.40%
CK Asset Holdings Ltd1.17%
Swiss Prime Site AG1.16%
China Resources Land Ltd1.11%
PSP Swiss Property AG0.79%
Hongkong Land Holdings Ltd0.77%
Hulic Co Ltd0.74%
Wharf Real Estate Investment Co Ltd0.63%
China Overseas Land & Investment Ltd0.62%
Daito Trust Construction Co Ltd0.60%
NEPI Rockcastle NV0.55%
Sino Land Co Ltd0.54%
Henderson Land Development Co Ltd0.46%
Tokyu Fudosan Holdings Corp0.46%
DLF Ltd0.45%
Azrieli Group Ltd0.43%
Tokyo Tatemono Co Ltd0.43%
Castellum AB0.40%
LEG Immobilien SE0.40%
Embassy Office Parks REIT0.40%
Mega Or Holdings Ltd0.39%
Phoenix Mills Ltd/The0.38%
Lodha Developers Ltd0.37%
Big Shopping Centers Ltd0.36%
Sagax AB0.35%
Umm Al Qura for Development & Construction Co0.32%
Fastighets AB Balder0.32%
Allreal Holding AG0.32%
China Resources Mixc Lifestyle Services Ltd0.31%
Plaza SA0.31%
Swire Properties Ltd0.30%
Emaar Development PJSC0.30%
UOL Group Ltd0.30%
Melisron Ltd0.30%
Mobimo Holding AG0.29%
Nomura Real Estate Holdings Inc0.29%
Corp Inmobiliaria Vesta SAB de CV0.29%
Prestige Estates Projects Ltd0.27%
SM Prime Holdings Inc0.27%
Dar Al Arkan Real Estate Development Co0.27%
City Developments Ltd0.26%
Godrej Properties Ltd0.26%
Parque Arauco SA0.26%

Weight gaps

The 100 widest of 191 Holdings in both funds.

Holding weights in REET and VNQI, widest gap first
Holding	More in REETMore in VNQI	REET	VNQI
Goodman Group Units	VNQI +1.70 points	2.15%	3.85%
Segro Reit PLCSGRO.L	VNQI +0.61 points	0.93%	1.54%
Scentre Group	VNQI +0.53 points	0.74%	1.27%
Unibail Rodamco We Stapled Units	VNQI +0.50 points	0.68%	1.18%
Link Real Estate Investment Trust	VNQI +0.50 points	0.74%	1.24%
Capitaland Integrated Commercial T	VNQI +0.47 points	0.64%	1.11%
Klepierre Reit SA	VNQI +0.40 points	0.50%	0.90%
Capitaland Ascendas Reit	VNQI +0.34 points	0.40%	0.74%
Nippon Building Fund Reit	VNQI +0.32 points	0.35%	0.67%
Stockland Stapled Units Ltd	VNQI +0.31 points	0.41%	0.73%
Aedifica NV	VNQI +0.30 points	0.37%	0.67%
Merlin Properties Reit	VNQI +0.29 points	0.31%	0.60%
Vicinity Centres	VNQI +0.27 points	0.38%	0.65%
Japan Real Estate Investment Trust	VNQI +0.25 points	0.26%	0.51%
Japan Metropolitan Fund Investment	VNQI +0.23 points	0.26%	0.49%
Charter Hall Group Stapled Units	VNQI +0.24 points	0.38%	0.62%
Gpt Group Stapled Units	VNQI +0.24 points	0.37%	0.61%
Tritax Big Box Reit PLCBBOX.L	VNQI +0.23 points	0.29%	0.52%
Mirvac Group Stapled Units	VNQI +0.22 points	0.29%	0.51%
British Land ReitBLND.L	VNQI +0.21 points	0.33%	0.54%
Londonmetric Property Reit PLCLMP.L	VNQI +0.21 points	0.32%	0.53%
Nomura Real Estate Master Fund Rei	VNQI +0.20 points	0.18%	0.38%
Land Securities Group Reit PLCLAND.L	VNQI +0.20 points	0.42%	0.62%
Warehouses De Pauw NV	VNQI +0.20 points	0.25%	0.45%
Kdx Realty Investment Reit Corp	VNQI +0.19 points	0.18%	0.37%
Dexus Stapled Units	VNQI +0.19 points	0.24%	0.43%
Keppel Dc Reit	VNQI +0.18 points	0.20%	0.38%
Glp J-Reit Reit	VNQI +0.18 points	0.22%	0.40%
Prologis Property Mexico Reit	VNQI +0.18 points	0.27%	0.45%
Nippon Prologis Reit	VNQI +0.17 points	0.21%	0.38%
Orix Jreit Reit Inc	VNQI +0.17 points	0.16%	0.33%
Growthpoint Prop Ltd Shs	VNQI +0.16 points	0.17%	0.33%
Gecina SA	VNQI +0.16 points	0.21%	0.37%
Fibra Uno Administracion Reit	VNQI +0.16 points	0.29%	0.45%
Mapletree Industrial Units Trust	VNQI +0.15 points	0.16%	0.31%
Daiwa House Reit Corp	VNQI +0.14 points	0.16%	0.30%
Primary Health Properties Reit PLCPHP.L	VNQI +0.15 points	0.17%	0.32%
United Urban Investment Reit	VNQI +0.14 points	0.17%	0.31%
Japan Hotel Investment Reit	VNQI +0.14 points	0.17%	0.31%
Invincible Investment Reit	VNQI +0.13 points	0.16%	0.29%
Covivio SA	VNQI +0.13 points	0.15%	0.28%
Fibra Mty Sapi Reit	VNQI +0.13 points	0.22%	0.35%
Mapletree Logistics Trust Units	VNQI +0.13 points	0.16%	0.29%
Hammerson Reit PLCHMSO.L	VNQI +0.13 points	0.14%	0.27%
Redefine Properties	VNQI +0.13 points	0.14%	0.27%
Advance Residence Investment Reit	VNQI +0.12 points	0.13%	0.25%
Japan Prime Realty Investment Reit	VNQI +0.12 points	0.12%	0.24%
Shaftesbury Capital Reit PLCSHC.L	VNQI +0.11 points	0.16%	0.27%
Keppel Reit Units	VNQI +0.11 points	0.11%	0.22%
Mapletree Pan Asia Commercial Trus	VNQI +0.10 points	0.12%	0.22%
Mitsui Fudosan Logistics Park Reit	VNQI +0.10 points	0.10%	0.20%
Sekisui House Reit	VNQI +0.10 points	0.09%	0.19%
Derwent London Reit PLCDLN.L	VNQI +0.10 points	0.15%	0.25%
Vukile Property Reit	VNQI +0.09 points	0.12%	0.21%
Industrial & Infrastructure Fund I	VNQI +0.09 points	0.12%	0.21%
Mitsui Fudosan Accommodations Fund	VNQI +0.09 points	0.09%	0.18%
Knowledge Realty Trust Units	VNQI +0.10 points	0.10%	0.20%
Frasers Centrepoint Units Trust	VNQI +0.09 points	0.12%	0.21%
Frasers Logistics & Commercial Tru	VNQI +0.09 points	0.11%	0.20%
Unite Group Reit PLCUTG.L	VNQI +0.09 points	0.18%	0.27%
Lasalle Logiport Reit	VNQI +0.09 points	0.07%	0.16%
Big Yellow Group Reit PLCBYG.L	VNQI +0.09 points	0.13%	0.22%
Capitaland Ascott Stapled Unit Tru	VNQI +0.08 points	0.10%	0.18%
Japan Logistics Fund Reit Inc	VNQI +0.08 points	0.08%	0.16%
Activia Properties Reit	VNQI +0.08 points	0.09%	0.17%
Region Group Stapled Units Ltd	VNQI +0.08 points	0.10%	0.18%
Comforia Residential Reit Inc	VNQI +0.07 points	0.06%	0.13%
Sirius Real Estate LimitedSRE.L	VNQI +0.07 points	0.12%	0.19%
Supermarket Income Reit PLCSUPR.L	VNQI +0.06 points	0.09%	0.15%
Bwp Group Stapled Units Trust	VNQI +0.06 points	0.09%	0.15%
Eurocommercial Properties	VNQI +0.06 points	0.07%	0.13%
Igb Reits Units Trust	VNQI +0.07 points	0.07%	0.14%
Suntec Reit Units Trust	VNQI +0.06 points	0.13%	0.19%
Safestore Holdings Reit PLCSAFE.L	VNQI +0.06 points	0.09%	0.15%
Parkway Life Reit Trust	VNQI +0.06 points	0.08%	0.14%
Resilient Prop Ltd	VNQI +0.06 points	0.08%	0.14%
Homeco Daily Needs Units	VNQI +0.06 points	0.08%	0.14%
Daiwa Securities Living Investment	VNQI +0.06 points	0.05%	0.11%
Mitsui Fudosan Retail Fund Investm	VNQI +0.06 points	0.06%	0.12%
Aeon Reit Investment Reit Corp	VNQI +0.06 points	0.06%	0.12%
Mori Hills Investment Reit	VNQI +0.05 points	0.06%	0.11%
Mori Trust Reit Inc	VNQI +0.05 points	0.06%	0.11%
Mitsubishi Estate Logistics Reit C	VNQI +0.05 points	0.05%	0.10%
Montea NV	VNQI +0.05 points	0.09%	0.14%
Hulic Reit Inc	VNQI +0.05 points	0.06%	0.11%
Ntt Ud Reit Investment Reit	VNQI +0.05 points	0.06%	0.11%
Charter Hall Long Wale Reit Staple	VNQI +0.05 points	0.10%	0.15%
Great Portland Estates Reit PLCGPE.L	VNQI +0.05 points	0.10%	0.15%
Daiwa Office Investment Reit Corp	VNQI +0.05 points	0.05%	0.10%
Heiwa Real Estate Reit	VNQI +0.05 points	0.05%	0.10%
Mercialys Reit SA	VNQI +0.04 points	0.06%	0.10%
Carmila SA	VNQI +0.04 points	0.06%	0.10%
Sunway Reits Units Trust	VNQI +0.05 points	0.05%	0.10%
Nippon Reit Investment Reit	VNQI +0.05 points	0.04%	0.09%
Grainger Reit PLCGRI.L	VNQI +0.05 points	0.10%	0.15%
Lendlease Global Commercial Reit U	VNQI +0.05 points	0.06%	0.11%
Aims Apac Reit	VNQI +0.05 points	0.04%	0.09%
Japan Excellent Reit Inc	VNQI +0.05 points	0.05%	0.10%
Xior Student Housing NV	VNQI +0.05 points	0.06%	0.11%
Equites Prop Fund Ltd	VNQI +0.04 points	0.05%	0.09%

All 318 REET holdings⁠All 682 VNQI 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 VNQI Cost

Overpaying REET vs VNQI

$412

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

REET 0.14%
$2,932
VNQI 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

REET 0.14%
VNQI 0.12%
Overpaying

Year by year

Year	REET	VNQI	Overpaying
10	$256	$220	$36
20	$1,000	$859	$141
30	$2,932	$2,520	$412

Expense ratio

0.14%REET
0.12%VNQI, cheaper

VNQI0.12%REET0.14%

0.10%0.60%

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

VNQI 2nd cheapest of 18 funds

REET 3rd cheapest of 18 funds

REET vs VNQI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): REET 3.52%; VNQI 5.05%, better
Payout (12M): REET $0.93; VNQI $2.16
Last payment: REET $0.23; VNQI $2.16
Ex-dividend: REET Sep 15, 2026; VNQI Dec 19, 2025
Paid on: REET Sep 18, 2026; VNQI Dec 23, 2025
Frequency: REET Quarterly; VNQI Annual

Distribution history

Per share, 2017 to 2026, same scale for both

REETQuarterly · 38 paymentsAll REET payments⁠

VNQIAnnual · 17 paymentsAll VNQI payments⁠

REET vs VNQI Risk

Fall from peak · 5 years

REET
VNQI

Risk facts

VolatilityStd dev, 3 years: REET 15.4%, betterVNQI 15.9%
Return per unit of riskSharpe ratio, 3 years: REET 0.59, betterVNQI 0.36
Worst fallMax drawdown, 5 years: REET −32.1%, betterVNQI −33.4%
Market sensitivityBeta, 5 years: REET 0.93VNQI 0.95; Market = 1

REET and VNQI 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, 2026REETVNQI
Deep Dive
Equity REIT funds fell 1.3%. VanEck's mortgage REIT fund hit a 52-week low
Sep 12, 2026REETVNQI
Deep Dive
September's $2.74 billion CMBS wall is half of August's, with more already in special servicing
Sep 5, 2026REETVNQI
Deep Dive
The 10-year is back at 5.01%. Listed REIT funds fell 2%
Sep 19, 2026VNQI

Popular comparisons

REETAvsDFGRA
iShares Global REIT ETF · Dimensional Global Real Estate ETF
Expense ratio
0.14% · 0.21%
Category
VNQIAvsDFGRA
Vanguard Global ex-U.S. Real Estate ETF · Dimensional Global Real Estate ETF
Expense ratio
0.12% · 0.21%
Category
REETAvsHAUZA
iShares Global REIT ETF · Xtrackers International Real Estate ETF
Expense ratio
0.14% · 0.10%
Category
VNQIAvsHAUZA
Vanguard Global ex-U.S. Real Estate ETF · Xtrackers International Real Estate ETF
Expense ratio
0.12% · 0.10%
Category
REETAvsGQREB
iShares Global REIT ETF · Northern Trust Global Quality Real Estate ETF
Expense ratio
0.14% · 0.45%
Category
VNQIAvsGQREB
Vanguard Global ex-U.S. Real Estate ETF · Northern Trust Global Quality Real Estate ETF
Expense ratio
0.12% · 0.45%
Category

REET vs VNQI

In short

Stated mandate

Why people hold it