Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
IYR vs USMV: how they differ
IYR and USMV hold 3% of their weight in the same names, and USMV returned more over the year.
iShares U.S. Real Estate ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, IYR and USMV hold 3% of their money in the same securities at the same weight.
| Holding | IYR | USMV |
|---|---|---|
| WELLTOWER | 11.49% | 1.53% |
| REALTY INCOME REIT | 4.19% | 0.64% |
| SUN COMMUNITIES REIT INC | 1.01% | 0.20% |
| VENTAS REIT | 3.32% | 0.17% |
| WEYERHAEUSER REIT | 1.20% | 0.12% |
| BLK CSH FND TREASURY SL AGENCY | 0.10% | 0.17% |
| Only in IYR | Only in USMV |
|---|---|
| PROLOGIS REIT 8.99% | AMPHENOL CORP CLASS A 1.58% |
| DIGITAL REALTY TRUST REIT 4.86% | MICROSOFT 1.56% |
| EQUINIX REIT 4.57% | NVIDIA 1.54% |
| SIMON PROPERTY GROUP REIT INC 4.46% | CHUBB 1.49% |
| AMERICAN TOWER REIT 4.16% | JOHNSON & JOHNSON 1.49% |
| PUBLIC STORAGE REIT 3.73% | VERIZON COMMUNICATIONS INC 1.49% |
| VIVMARK RESIDENTIAL 3.59% | EXXONMOBIL HOLDINGS CORP 1.48% |
| CBRE GROUP CLASS A 3.05% | MOTOROLA SOLUTIONS INC 1.48% |
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 Sep 10, 2026.
| IYR iShares U.S. Real Estate ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | U.S. Real Estate | MSCI USA Min Vol Factor |
| Total return, 1 year | +4.7% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −12.8 pts | −10.9 pts |
| Expense ratio | 0.37% | 0.15% |
| Already in the S&P 500 | 80.4% | 94.8% |
| Holdings | 63 | 175 |
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 Sep 10, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 63 positions, with the top ten at 53.4%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 175 positions, with the top ten at 15.1%.
Questions people ask
- Which returned more over the last year, IYR or USMV?
- In the year to Sep 13, 2026, with distributions reinvested, IYR returned +4.7% and USMV returned +6.6%, so USMV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IYR or USMV?
- IYR charges 0.37% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do IYR and USMV overlap with the S&P 500?
- By their latest filed holdings, 80% of IYR and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 3% 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 USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/iyr-vs-usmv Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources