Data as of Oct 28, 2026.
IWC vs XLRE: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWC returned +16.5% to XLRE's +4.3%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $1.2bn for iShares Micro-Cap ETF and $8.0bn for State Street Real Estate Select Sector SPDR ETF.
Pair scorecard
XLRE costs 0.52 points a year less; their one-year returns differ by 12.2 points; XLRE is 6.7 times larger.
| Measure | IWC | XLRE |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.5% | +4.3% |
| Drawdown | ||
| Below its high | 9.5%, high on Aug 14, 2026 | 7.7%, high on Jul 28, 2026 |
| Benchmark | ||
| What it tracks | Russell Microcap Index | Real Estate Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.60% | 0.08% |
| Net assets, as of Oct 27, 2026 | $1.2bn | $8.0bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 5.9% | 58.9% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 16, 2015 to Oct 23, 2026 · 575 weekly returnsIWC returned more: +170.1% to +102.9%. XLRE swung less: 20.8% to 24.1%. XLRE fell less at its worst: −35.2% to −45.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IWC | XLRE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +170.1% | +102.9% | IWC | Price change plus distributions, reinvested. |
| Annualized | +9.4% | +6.6% | IWC | Total return as a yearly rate. |
| Price return | +137.9% | +38.9% | IWC | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.1% | 20.8% | XLRE | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.6% | 14.3% | XLRE | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −45.2% | −35.2% | XLRE | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.40 | 0.30 | IWC | Return above Treasury bills per unit of volatility. |
| Sortino | 0.58 | 0.44 | IWC | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.21 | 0.19 | IWC (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 575 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWC and XLRE hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
IWC and XLRE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWC and XLRE do different jobs. What does each one do in a portfolio?
- What each follows. IWC follows Russell Microcap Index and XLRE follows Real Estate Select Sector Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IWC returned +16.5% and XLRE +4.3% with distributions reinvested, a gap of 12.2 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
IWC tracks the Russell Microcap. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,365 positions, with the top ten at 5.9%. It sat 9.5% below its high of Aug 14, 2026 on Oct 28, 2026.
XLRE
XLRE tracks an index of Real estate. Over the year to Oct 28, 2026 it returned +4.3% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 31 positions, with the top ten at 58.9%. It sat 7.7% below its high of Jul 28, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IWC or XLRE?
- In the year to Oct 28, 2026, with distributions reinvested, IWC returned +16.5% and XLRE +4.3%.
- Which is cheaper, IWC or XLRE?
- XLRE is cheaper, by 0.52 percentage points a year. That is about $52 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IWC against XLRE, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwc-vs-xlre
ETFIQ. (Oct 28, 2026). IWC against XLRE. Retrieved from https://etfiq.com/compare/any/iwc-vs-xlre
[IWC against XLRE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwc-vs-xlre)
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