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

In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and VBR +17.6%.

Which is cheaper, IYR or VBR?

VBR is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 80% of IYR and 30% of VBR by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IYR vs VBR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYR returned +3.4% to VBR's +17.6%; 8% 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 $35.1bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Value ETF.

IYR on its own →VBR on its own →

At a glance

+3.4%

IYR total return, 1 year

+17.6%

VBR total return, 1 year

0.37%

IYR expense ratio

0.05%

VBR expense ratio

Pair scorecard

VBR costs 0.32 points a year less; their one-year returns differ by 14.2 points; VBR is 8.4 times larger.

IYR vs VBR: Differences, Returns & Fees
Measure	IYR	VBR
Return
Measure	IYR	VBR
Total return, 1 year	+3.4%	+17.6%
Drawdown
Measure	IYR	VBR
Below its high	8.6%, high on Jul 28, 2026	3.9%, high on Aug 14, 2026
Benchmark
Measure	IYR	VBR
What it tracks	Dow Jones U.S. Real Estate Capped Index	Morningstar US Small Cap Value Index
Cost and size
Measure	IYR	VBR
Expense ratio	0.37%	0.05%
Net assets, as of Sep 30, 2026	$4.2bn	$35.1bn
Holdings
Measure	IYR	VBR
Holdings in common	8%
Top ten holdings, share of the fund	52.5%	5.9%

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

What they share

By the books each fund has filed, IYR and VBR hold 8% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

8% in common

Positions both hold · largest shared weight first IYR VBR

ESSEX PROPERTY TRUST REIT 1.38% 0.39%

INVITATION HOMES 1.14% 0.35%

HOST HOTELS & RESORTS REIT 1.35% 0.35%

KIMCO REALTY REIT CORP 1.24% 0.34%

W. P. CAREY REIT 1.13% 0.34%

ANNALY CAPITAL MANAGEMENT REIT 1.08% 0.32%

JONES LANG LASALLE 1.08% 0.32%

OMEGA HEALTHCARE INVESTORS REIT 1.09% 0.32%

HEALTHPEAK PROPERTIES INC 1.02% 0.31%

MID AMERICA APARTMENT COMMUNITIES 1.08% 0.31%

REGENCY CENTERS REIT CORP 0.97% 0.30%

AGNC INVESTMENT REIT 0.82% 0.24%

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 VBR

Moderna Inc 0.79%

Jabil Inc 0.68%

SLCMT1142 0.62%

Williams-Sonoma Inc 0.61%

Atmos Energy Corp 0.60%

F5 Inc 0.57%

Smurfit Westrock PLC 0.53%

Tapestry Inc 0.52%

Check overlap with more funds →

Side by side

IYR iShares U.S. Real Estate ETF VBR Vanguard Morningstar Small-Cap Value ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks an index of U.S. Real Estate Tracks an index of Small-Cap Value

Total return, 1 year +3.4% +17.6%

Expense ratio 0.37% 0.05%

Already in the S&P 500 80.0% 30.4%

Holdings 59 822

Net assets, IYR as of Oct 28, 2026 and VBR as of Sep 30, 2026 $3.9bn $35.1bn

IYR and VBR 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.

VBR

VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IYR or VBR?: In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and VBR +17.6%.
Which is cheaper, IYR or VBR?: VBR is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IYR and VBR overlap with the S&P 500?: By their latest filed holdings, 80% of IYR and 30% of VBR by weight is stocks the S&P 500 already holds.

Other comparisons

AVUV vs IYR IJS vs IYR IYR vs VBK IYR vs RSP SCHH vs VBR VBR vs VNQ VBR vs XLRE KRE vs VBR

Where to next

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

Sources and dates

IYR filings on SEC EDGAR ↗

IYR prospectus with the expense ratio (SEC) ↗

iShares page for IYR ↗

VBR filings on SEC EDGAR ↗

VBR prospectus with the expense ratio (SEC) ↗

Vanguard page for VBR ↗

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 VBR, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyr-vs-vbr

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