Data as of Oct 28, 2026.

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IYR vs VB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYR returned +3.4% to VB's +14.4%; 5% 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 $76.9bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap ETF.

At a glance
+3.4%
IYR total return, 1 year
+14.4%
VB total return, 1 year
0.37%
IYR expense ratio
0.03%
VB expense ratio

Pair scorecard

VB costs 0.34 points a year less; their one-year returns differ by 11.0 points; VB is 18.3 times larger.

IYR vs VB: Differences, Returns & Fees
MeasureIYRVB
Return
Total return, 1 year+3.4%+14.4%
Drawdown
Below its high8.6%, high on Jul 28, 20265.7%, high on Aug 14, 2026
Benchmark
What it tracksDow Jones U.S. Real Estate Capped IndexMorningstar US Small Cap Index
Cost and size
Expense ratio0.37%0.03%
Net assets, as of Sep 30, 2026$4.2bn$76.9bn
Holdings
Holdings in common5%
Top ten holdings, share of the fund52.5%5.9%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

5%

By the books each fund has filed, IYR and VB hold 5% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

5% in common

Positions both hold · largest shared weight first IYR VB
ESSEX PROPERTY TRUST REIT 1.38% 0.22%
INVITATION HOMES 1.14% 0.20%
HOST HOTELS & RESORTS REIT 1.35% 0.19%
KIMCO REALTY REIT CORP 1.24% 0.19%
W. P. CAREY REIT 1.13% 0.19%
ANNALY CAPITAL MANAGEMENT REIT 1.08% 0.18%
JONES LANG LASALLE 1.08% 0.18%
OMEGA HEALTHCARE INVESTORS REIT 1.09% 0.18%
HEALTHPEAK PROPERTIES INC 1.02% 0.17%
WEYERHAEUSER REIT 1.09% 0.17%
MID AMERICA APARTMENT COMMUNITIES 1.08% 0.17%
SUN COMMUNITIES REIT INC 1.09% 0.17%
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 VB
SLCMT1142 1.31%
Natera Inc 0.72%
Twilio Inc 0.57%
Revolution Medicines Inc 0.53%
Everpure Inc 0.52%
Illumina Inc 0.52%
Okta Inc 0.44%
Moderna Inc 0.44%
Check overlap with more funds →

Side by side

IYR iShares U.S. Real Estate ETF VB Vanguard Morningstar Small-Cap ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of U.S. Real Estate Tracks an index of Small-Cap
Total return, 1 year +3.4% +14.4%
Expense ratio 0.37% 0.03%
Already in the S&P 500 80.0% 21.6%
Holdings 59 1303
Net assets, IYR as of Oct 28, 2026 and VB as of Sep 30, 2026 $3.9bn $76.9bn

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

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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.

VB

VB tracks an index of Small-Cap. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 1,303 positions, with the top ten at 5.9%. It sat 5.7% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IYR or VB?
In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and VB +14.4%.
Which is cheaper, IYR or VB?
VB is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IYR and VB overlap with the S&P 500?
By their latest filed holdings, 80% of IYR and 22% of VB by weight is stocks the S&P 500 already holds.
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ETFIQ, IYR against VB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyr-vs-vb

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