Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IYR vs VBR: how they differ
IYR and VBR hold 8% of their weight in the same names, and VBR returned more over the year.
iShares U.S. Real Estate ETF and Vanguard Small-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, IYR and VBR hold 8% of their money in the same securities at the same weight.
| Holding | IYR | VBR |
|---|---|---|
| ESSEX PROPERTY TRUST, INC. | 1.39% | 0.40% |
| INVITATION HOMES INC. | 1.23% | 0.39% |
| KIMCO REALTY CORPORATION. | 1.27% | 0.37% |
| ANNALY CAPITAL MANAGEMENT, INC. | 1.22% | 0.35% |
| HOST HOTELS & RESORTS, INC. | 1.12% | 0.35% |
| MID-AMERICA APARTMENT COMMUNITIES, INC. | 1.20% | 0.35% |
| W.P. CAREY INC. | 1.18% | 0.34% |
| HEALTHPEAK PROPERTIES, INC. | 1.10% | 0.32% |
| REGENCY CENTERS CORPORATION | 0.98% | 0.31% |
| JONES LANG LASALLE INCORPORATED | 1.07% | 0.31% |
| OMEGA HEALTHCARE INVESTORS, INC. | 1.05% | 0.30% |
| AGNC INVESTMENT CORP. | 0.93% | 0.27% |
| Only in IYR | Only in VBR |
|---|---|
| WELLTOWER INC. 10.88% | Jabil Inc 0.87% |
| PROLOGIS, INC. 8.77% | NRG Energy Inc 0.66% |
| SIMON PROPERTY GROUP, INC. 4.79% | Tapestry Inc 0.64% |
| EQUINIX, INC. 4.58% | Atmos Energy Corp 0.62% |
| DIGITAL REALTY TRUST, INC. 4.41% | Williams-Sonoma Inc 0.59% |
| REALTY INCOME CORPORATION 4.29% | Moderna Inc 0.54% |
| AMERICAN TOWER CORPORATION 3.88% | Smurfit Westrock PLC 0.52% |
| PUBLIC STORAGE. 3.74% | F5 Inc 0.50% |
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 Jun 30, 2026.
| IYR iShares U.S. Real Estate ETF | VBR Vanguard Small-Cap Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | U.S. Real Estate | Small-Cap Value |
| Total return, 1 year | +4.7% | +16.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −12.8 pts | −1.2 pts |
| Expense ratio | 0.37% | 0.05% |
| Already in the S&P 500 | 80.4% | 30.5% |
| Holdings | 61 | 840 |
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.
VBR in plain words
VBR is an index equity fund tracking the Small-Cap Value. Over the year to Sep 11, 2026 it returned +16.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 840 positions, with the top ten at 5.9%. It sat 3.8% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IYR or VBR?
- In the year to Sep 12, 2026, with distributions reinvested, IYR returned +4.7% and VBR returned +16.3%, so VBR returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IYR or VBR?
- IYR charges 0.37% a year and VBR charges 0.05%, so VBR is cheaper. Fees come from each fund's prospectus.
- How much do IYR and VBR overlap with the S&P 500?
- By their latest filed holdings, 80% of IYR and 30% of VBR by weight is stocks the S&P 500 already holds. Between the two funds, 8% of their books are the same securities at the same weight.
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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 VBR, data as of Sep 12, 2026. https://etfiq.com/compare/any/IYR-VBR Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources