Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IYR vs VOE: how they differ
IYR and VOE hold 6% of their weight in the same names, and VOE returned more over the year.
iShares U.S. Real Estate ETF and Vanguard Mid-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, IYR and VOE hold 6% of their money in the same securities at the same weight.
| Holding | IYR | VOE |
|---|---|---|
| SIMON PROPERTY GROUP, INC. | 4.79% | 1.20% |
| DIGITAL REALTY TRUST, INC. | 4.41% | 1.09% |
| PUBLIC STORAGE. | 3.74% | 0.87% |
| CBRE GROUP, INC. | 2.93% | 0.68% |
| CROWN CASTLE INC. | 2.46% | 0.57% |
| VICI PROPERTIES INC. | 2.16% | 0.46% |
| AVALONBAY COMMUNITIES, INC. | 1.95% | 0.46% |
| EQUITY RESIDENTIAL | 1.72% | 0.44% |
| Only in IYR | Only in VOE |
|---|---|
| WELLTOWER INC. 10.88% | Cummins Inc 1.71% |
| PROLOGIS, INC. 8.77% | Valero Energy Corp 1.34% |
| EQUINIX, INC. 4.58% | Marathon Petroleum Corp 1.29% |
| REALTY INCOME CORPORATION 4.29% | CRH PLC 1.24% |
| AMERICAN TOWER CORPORATION 3.88% | United Rentals Inc 1.23% |
| VENTAS, INC. 3.21% | General Motors Co 1.21% |
| IRON MOUNTAIN INCORPORATED 2.79% | SLB Ltd 1.21% |
| EXTRA SPACE STORAGE INC. 2.28% | Phillips 66 1.18% |
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 | VOE Vanguard Mid-Cap Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | U.S. Real Estate | Mid-Cap Value |
| Total return, 1 year | +4.7% | +20.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −12.8 pts | +2.7 pts |
| Expense ratio | 0.37% | 0.05% |
| Already in the S&P 500 | 80.4% | 96.6% |
| Holdings | 61 | 170 |
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.
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% 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, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
Questions people ask
- Which returned more over the last year, IYR or VOE?
- In the year to Sep 12, 2026, with distributions reinvested, IYR returned +4.7% and VOE returned +20.2%, so VOE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IYR or VOE?
- IYR charges 0.37% a year and VOE charges 0.05%, so VOE is cheaper. Fees come from each fund's prospectus.
- How much do IYR and VOE overlap with the S&P 500?
- By their latest filed holdings, 80% of IYR and 97% of VOE by weight is stocks the S&P 500 already holds. Between the two funds, 6% 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 VOE, data as of Sep 12, 2026. https://etfiq.com/compare/any/IYR-VOE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources