Which returned more over the last year, IYR or MDY?

In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and MDY +12.8%.

Which is cheaper, IYR or MDY?

MDY is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do IYR and MDY overlap with the S&P 500?

By their latest filed holdings, 80% of IYR and 0% of MDY by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IYR vs MDY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYR returned +3.4% to MDY's +12.8%; 7% of their weight is in the same names.

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Net assets: $3.9bn on Oct 28, 2026 for iShares U.S. Real Estate ETF, and $25.9bn on Oct 27, 2026 for SPDR S&P MidCap 400 ETF Trust.

IYR on its own →MDY on its own →

At a glance

+3.4%

IYR total return, 1 year

+12.8%

MDY total return, 1 year

0.37%

IYR expense ratio

0.23%

MDY expense ratio

Pair scorecard

MDY costs 0.14 points a year less; their one-year returns differ by 9.4 points; MDY is 6.5 times larger.

IYR vs MDY: Differences, Returns & Fees
Measure	IYR	MDY
Return
Measure	IYR	MDY
Total return, 1 year	+3.4%	+12.8%
Drawdown
Measure	IYR	MDY
Below its high	8.6%, high on Jul 28, 2026	6.5%, high on Aug 14, 2026
Benchmark
Measure	IYR	MDY
What it tracks	Dow Jones U.S. Real Estate Capped Index	S&P MidCap 400 Index
Cost and size
Measure	IYR	MDY
Expense ratio	0.37%	0.23%
Net assets, as of Oct 26, 2026	$4.0bn	$25.8bn
Holdings
Measure	IYR	MDY
Holdings in common	7%
Top ten holdings, share of the fund	52.5%	7.5%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, IYR and MDY hold 7% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first IYR MDY

W. P. CAREY REIT 1.13% 0.42%

SUN COMMUNITIES REIT INC 1.09% 0.41%

OMEGA HEALTHCARE INVESTORS REIT 1.09% 0.41%

ANNALY CAPITAL MANAGEMENT REIT 1.08% 0.40%

JONES LANG LASALLE 1.08% 0.40%

LAMAR ADVERTISING COMPANY CLAS 1.05% 0.39%

EQUITY LIFESTYLE PROPERTIES REIT I 0.90% 0.33%

GAMING AND LEISURE PROPERTIES REIT 0.88% 0.33%

AMERICAN HEALTHCARE REIT 0.87% 0.32%

EASTGROUP PROPERTIES REIT 0.83% 0.31%

AGNC INVESTMENT REIT 0.82% 0.30%

AMERICAN HOMES RENT REIT CLASS A 0.79% 0.29%

Only in one fund ↓

Only in IYR

WELLTOWER 9.85%

PROLOGIS REIT 8.77%

AMERICAN TOWER REIT 4.96%

SIMON PROPERTY GROUP REIT INC 4.71%

EQUINIX REIT 4.57%

DIGITAL REALTY TRUST REIT 4.54%

REALTY INCOME REIT 4.19%

PUBLIC STORAGE REIT 4.10%

Only in MDY

Okta Inc. Class A 1.09%

U.S. Dollar 0.96%

TechnipFMC plc 0.81%

United Therapeutics Corporation 0.73%

Entegris Inc. 0.66%

ATI Inc 0.66%

US Foods Holding Corp. 0.64%

Reliance Inc. 0.64%

Check overlap with more funds →

Side by side

IYR iShares U.S. Real Estate ETF MDY SPDR S&P MidCap 400 ETF Trust

Where it sits Stock ETF Stock ETF

Issuer iShares State Street

What it is Tracks an index of U.S. Real Estate Tracks the S&P MidCap 400

Total return, 1 year +3.4% +12.8%

Its benchmark over the same days not measured +13.2% (IJH)

Gap to its benchmark not measured −0.4 pts vs IJH

Expense ratio 0.37% 0.23%

Already in the S&P 500 80.0% 0.0%

Holdings 59 401

Net assets, IYR as of Oct 28, 2026 and MDY as of Oct 27, 2026 $3.9bn $25.9bn

IYR and MDY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

IYR

IYR tracks an index of U.S. Real Estate. Over the year to Oct 28, 2026 it returned +3.4% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 52.5%. It sat 8.6% below its high of Jul 28, 2026 on Oct 28, 2026.

MDY

MDY tracks the S&P MidCap 400. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested, against +13.2% for its benchmark, the S&P MidCap 400 Index. The prospectus expense ratio is 0.23% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 401 positions, with the top ten at 7.5%. It sat 6.5% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IYR or MDY?: In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and MDY +12.8%.
Which is cheaper, IYR or MDY?: MDY is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IYR and MDY overlap with the S&P 500?: By their latest filed holdings, 80% of IYR and 0% of MDY by weight is stocks the S&P 500 already holds.

Other comparisons

IYR vs VO IYR vs VXF IYR vs MOAT IJH vs IYR MDY vs XLRE MDY vs SCHH MDY vs VNQ KRE vs MDY

Where to next

IYR on its own →MDY on its own →Hold both: look the portfolio through →Rankings →IYR dividend history →IYR holdings →MDY dividend history →MDY holdings →Standards and sources →

Sources and dates

IYR filings on SEC EDGAR ↗

IYR prospectus with the expense ratio (SEC) ↗

iShares page for IYR ↗

MDY filings on SEC EDGAR ↗

State Street website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, IYR against MDY, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyr-vs-mdy

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.