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REZ vs USRT

iShares Residential and Multisector Real Estate ETF

REZCNYSE Arca

iShares Core U.S. REIT ETF

USRTANYSE Arca

Overlap

Expense ratio

USRT −0.40pt a year

REZ0.48%USRT0.08%

Avg volume · 30D

USRT 10.2×the volume

REZ76.8KUSRT787K

10Y return · a year

REZ +0.5pt

REZ+7.0%USRT+6.5%

REZ vs USRT Performance

Oct 29, 2021 – Oct 30, 2026

+12.7%REZ+17.7%USRT

Oct 29, 2021 to Oct 30, 2026. REZ +12.7%. USRT +17.7%. Use the arrow keys to read each point.−30%−20%−10%0%30%Oct 2021Apr 2024Oct 2026
Expense ratio
REZ 0.48%
USRT 0.08%, better
Fund size
REZ $805M
USRT $4.29B
1Y total return
REZ +13.3%
USRT +13.9%, better
Yield (12M)
REZ 2.14%
USRT 2.75%, better
Holdings
REZ 38
USRT 126
Avg volume (30D)
REZ 76.8K sh
USRT 787K sh, better
NAV per share
REZ $90.92
USRT $63.78
52W range

ETF.net Grade

REZ: Cost 29, Risk 61, Mission 91, Tradability 59, Holdings 10, Durability 66. USRT: Cost 93, Risk 61, Mission 100, Tradability 81, Holdings 53, Durability 78.
Pillar letters and Scores for REZ, USRT, with each pillar’s weight
PillarREZUSRT
Cost30% weightD29A93Higher
Mission25% weightA91A100Higher
Risk15% weightB61B61
Tradability15% weightB59A81Higher
Holdings10% weightF10C53Higher
Durability5% weightB66A78Higher

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. REZ 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 REZ 13th 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 12BIYRiShares U.S. Real Estate ETFScore 56
  5. Rank 13CREZiShares Residential and Multisector Real Estate ETFScore 53
  6. Rank 13CRSPRInvesco S&P 500 Equal Weight Real Estate ETFScore 53

Our read on each fund

ETF.net Research

REZCiShares Residential and Multisector Real Estate ETF

USRTAiShares Core U.S. REIT ETF

In short

REZ The REIT fund that skips the office towers and the malls. REZ owns apartments, rentals, healthcare properties and self-storage, the real estate people live in, age in and stash their stuff in, and it has done so since 2007.

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

REZ The fund seeks to track an index of U.S. residential, healthcare, and self-storage real estate equities.

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

Why people hold it

  • REZ Narrow by design: residential, healthcare and self-storage landlords, so apartments and rental housing drive it rather than offices, malls and cell towers.ishares.com
  • Does what the label says: it stays close to the FTSE Nareit All Residential Capped Index instead of drifting toward generic broad-market REIT exposure.
  • Live since 2007, so its record spans the housing crash, the rate shock and the pandemic rent cycle. No other fund in its real estate peer group tracks this same index.
  • Roughly 40 property owners, with distributions paid quarterly.
  • 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

  • REZ At 0.48% a year it costs more than plain broad REIT index funds such as SCHH (0.07%) and VNQ (0.13%). The housing tilt is what the extra fee buys.
  • Thinly traded next to the largest REIT funds, which can mean wider bid-ask spreads at the moment of a trade.
  • Leaving out offices, malls, data centers and towers means stretches where it moves quite differently from a broad REIT benchmark.
  • 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 REZ profile⁠

Full USRT profile⁠

REZ vs 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.

REZ vs USRT Cost

Overpaying REZ vs USRT

$7,916

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

  • REZ 0.48%

    $9,605

  • USRT 0.08%

    $1,689

$10,000
30 years

Cost over time

  • REZ 0.48%
  • USRT 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530REZ $9,605USRT $1,689

Year by year

YearREZUSRTOverpaying
10$865$147$718
20$3,328$575$2,753
30$9,605$1,689$7,916

Expense ratio

  • 0.48%REZ
  • 0.08%USRT, cheaper
  • Middle half of US Real Estate funds
  • Median 0.35%

USRT 2nd cheapest of 21 funds

REZ 16th cheapest of 21 funds

REZ vs USRT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
REZ 2.14%
USRT 2.75%, better
Payout (12M)
REZ $1.95
USRT $1.75
Last payment
REZ $0.53
USRT $0.47
Ex-dividend
REZ Sep 15, 2026
USRT Sep 15, 2026
Paid on
REZ Sep 18, 2026
USRT Sep 18, 2026
Frequency
REZ Quarterly
USRT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

REZQuarterly · 38 paymentsAll REZ payments⁠
One bar per payment. 38 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.56; Jun 27, 2017 $0.59; Sep 26, 2017 $0.55; Dec 19, 2017 $0.52; Mar 22, 2018 $0.57; Jun 26, 2018 $0.58; Sep 26, 2018 $0.58; Dec 17, 2018 $0.54; Mar 20, 2019 $0.53; Jun 17, 2019 $0.50; Sep 24, 2019 $0.52; Dec 16, 2019 $0.63; Mar 25, 2020 $0.50; Jun 15, 2020 $0.47; Sep 23, 2020 $0.47; Dec 14, 2020 $0.71; Mar 25, 2021 $0.47; Jun 10, 2021 $0.46; Sep 24, 2021 $0.19; Dec 13, 2021 $0.66; Mar 24, 2022 $0.30; Jun 9, 2022 $0.40; Sep 26, 2022 $0.84; Dec 13, 2022 $0.76; Mar 23, 2023 $0.37; Jun 7, 2023 $0.39; Sep 26, 2023 $0.68; Dec 20, 2023 $0.73; Mar 21, 2024 $0.31; Jun 11, 2024 $0.39; Sep 25, 2024 $0.49; Dec 17, 2024 $0.64; Mar 18, 2025 $0.37; Jun 16, 2025 $0.52; Sep 16, 2025 $0.47; Dec 16, 2025 $0.91; Jun 15, 2026 $0.51; Sep 15, 2026 $0.53. Use the arrow keys to read each point.$0$12017202020232026YTD
USRTQuarterly · 39 paymentsAll USRT payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.48; Jun 27, 2017 $0.46; Sep 26, 2017 $0.44; Dec 19, 2017 $0.32; Mar 22, 2018 $0.47; Jun 26, 2018 $0.50; Sep 26, 2018 $1.27; Dec 17, 2018 $0.30; Mar 20, 2019 $0.44; Jun 17, 2019 $0.39; Sep 24, 2019 $0.46; Dec 16, 2019 $0.54; Mar 25, 2020 $0.43; Jun 15, 2020 $0.33; Sep 23, 2020 $0.34; Dec 14, 2020 $0.40; Mar 25, 2021 $0.34; Jun 10, 2021 $0.36; Sep 24, 2021 $0.25; Dec 13, 2021 $0.59; Mar 24, 2022 $0.26; Jun 9, 2022 $0.26; Sep 26, 2022 $0.64; Dec 13, 2022 $0.56; 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$12017202020232026YTD

REZ vs USRT Risk

Fall from peak · 5 years

  • REZ
  • USRT
Oct 29, 2021 to Oct 30, 2026. Worst fall: REZ −35.0% · Oct 2023. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
REZ 16.8%USRT 16.1%, better
Return per unit of riskSharpe ratio, 3 years
REZ 0.72, betterUSRT 0.70
Worst fallMax drawdown, 5 years
REZ −35.0%USRT −31.0%, better
Market sensitivityBeta, 5 years
REZ 0.80USRT 0.96

REZ and USRT in the news

All news⁠

Popular comparisons

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    Expense ratio
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