Data as of Oct 28, 2026.
IYR vs RWR: Differences, Returns & Fees
Over the year to Oct 28, 2026, IYR returned +3.4% to RWR's +9.7%; 74% 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 $1.8bn on Oct 27, 2026 for State Street SPDR Dow Jones REIT ETF.
Pair scorecard
RWR costs 0.12 points a year less; their one-year returns differ by 6.3 points; IYR is 2.2 times larger.
| Measure | IYR | RWR |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.4% | +9.7% |
| Drawdown | ||
| Below its high | 8.6%, high on Jul 28, 2026 | 10.3%, high on Jul 24, 2026 |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Real Estate Capped Index | Dow Jones U.S. Select REIT Capped Index |
| Cost and size | ||
| Expense ratio | 0.37% | 0.25% |
| Net assets, as of Oct 26, 2026 | $4.0bn | $1.8bn |
| Holdings | ||
| Holdings in common | 74% | |
| Top ten holdings, share of the fund | 52.5% | 54.0% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
May 4, 2001 to Oct 23, 2026 · 1,329 weekly returnsRWR returned more: +701.9% to +595.2%. IYR swung slightly less: 23.3% to 24.6%. IYR and RWR fell about the same at their worst: −73.5% and −74.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IYR | RWR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +595.2% | +701.9% | RWR | Price change plus distributions, reinvested. |
| Annualized | +7.9% | +8.5% | RWR (slight) | Total return as a yearly rate. |
| Price return | +155.6% | +188.5% | RWR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 23.3% | 24.6% | IYR (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.2% | 17.0% | IYR (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −73.5% | −74.4% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.37 | 0.38 | RWR (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.53 | 0.55 | RWR (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.11 | 0.11 | RWR (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,329 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IYR and RWR hold 74% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
74% in common
Only in one fund ↓
Side by side
IYR and RWR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IYR and RWR are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IYR follows Dow Jones U.S. Real Estate Capped Index and RWR follows Dow Jones U.S. Select REIT Capped Index.
- One-year total return. Over 1 year to Oct 28, 2026 IYR returned +3.4% and RWR +9.7% with distributions reinvested, a gap of 6.3 points.
- Cost. IYR charges 0.37% of assets a year and RWR 0.25%, a gap of 0.12 points.
Data as of Oct 28, 2026.
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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.
RWR
RWR tracks an index. Over the year to Oct 28, 2026 it returned +9.7% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 69% of the fund by weight is stocks the S&P 500 also holds, across 98 positions, with the top ten at 54.0%. It sat 10.3% below its high of Jul 24, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IYR or RWR?
- In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and RWR +9.7%.
- Which is cheaper, IYR or RWR?
- RWR is cheaper, by 0.12 percentage points a year. That is about $12 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, IYR against RWR, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyr-vs-rwr
ETFIQ. (Oct 28, 2026). IYR against RWR. Retrieved from https://etfiq.com/compare/any/iyr-vs-rwr
[IYR against RWR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iyr-vs-rwr)
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