Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IYR vs QUAL: how they differ
IYR and QUAL hold 2% of their weight in the same names, and QUAL returned more over the year.
iShares U.S. Real Estate ETF and iShares MSCI USA Quality Factor ETF.
What they hold in common
By the books each fund has filed, IYR and QUAL hold 2% of their money in the same securities at the same weight.
| Holding | IYR | QUAL |
|---|---|---|
| PROLOGIS, INC. | 8.77% | 0.57% |
| SIMON PROPERTY GROUP, INC. | 4.79% | 0.36% |
| PUBLIC STORAGE. | 3.74% | 0.25% |
| CBRE GROUP, INC. | 2.93% | 0.19% |
| VICI PROPERTIES INC. | 2.16% | 0.14% |
| AVALONBAY COMMUNITIES, INC. | 1.95% | 0.12% |
| EQUITY RESIDENTIAL | 1.72% | 0.11% |
| COSTAR GROUP, INC. | 0.86% | 0.07% |
| Only in IYR | Only in QUAL |
|---|---|
| WELLTOWER INC. 10.88% | NVIDIA CORPORATION 6.52% |
| EQUINIX, INC. 4.58% | APPLE INC. 6.28% |
| DIGITAL REALTY TRUST, INC. 4.41% | MICROSOFT CORPORATION 5.05% |
| REALTY INCOME CORPORATION 4.29% | META PLATFORMS, INC. 3.50% |
| AMERICAN TOWER CORPORATION 3.88% | LAM RESEARCH CORPORATION 3.23% |
| VENTAS, INC. 3.21% | THE TJX COMPANIES, INC. 3.19% |
| IRON MOUNTAIN INCORPORATED 2.79% | VISA INC. 3.09% |
| CROWN CASTLE INC. 2.46% | ELI LILLY AND COMPANY 2.92% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| IYR iShares U.S. Real Estate ETF | QUAL iShares MSCI USA Quality Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | U.S. Real Estate | MSCI USA Quality Factor |
| Total return, 1 year | +4.7% | +16.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −12.8 pts | −1.5 pts |
| Expense ratio | 0.37% | 0.15% |
| Already in the S&P 500 | 80.4% | 98.9% |
| Holdings | 61 | 121 |
IYR in plain words
IYR is an index equity fund tracking the U.S. Real Estate. Over the year to Sep 11, 2026 it returned +4.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.37% a year. By its holdings filed for Jun 30, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 61 positions, with the top ten at 51.5%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 39.1%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IYR or QUAL?
- In the year to Sep 12, 2026, with distributions reinvested, IYR returned +4.7% and QUAL returned +16.0%, so QUAL returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IYR or QUAL?
- IYR charges 0.37% a year and QUAL charges 0.15%, so QUAL is cheaper. Fees come from each fund's prospectus.
- How much do IYR and QUAL overlap with the S&P 500?
- By their latest filed holdings, 80% of IYR and 99% of QUAL by weight is stocks the S&P 500 already holds. Between the two funds, 2% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, IYR against QUAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/IYR-QUAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources