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

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

Which is cheaper, IYR or VO?

VO 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 VO overlap with the S&P 500?

By their latest filed holdings, 80% of IYR and 91% of VO by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IYR vs VO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYR returned +3.4% to VO's +12.8%; 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 $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF.

IYR on its own →VO on its own →

At a glance

+3.4%

IYR total return, 1 year

+12.8%

VO total return, 1 year

0.37%

IYR expense ratio

0.03%

VO expense ratio

Pair scorecard

VO costs 0.34 points a year less; their one-year returns differ by 9.4 points; VO is far larger, $103.4bn against $4.2bn.

IYR vs VO: Differences, Returns & Fees
Measure	IYR	VO
Return
Measure	IYR	VO
Total return, 1 year	+3.4%	+12.8%
Drawdown
Measure	IYR	VO
Below its high	8.6%, high on Jul 28, 2026	3.1%, high on Aug 14, 2026
Benchmark
Measure	IYR	VO
What it tracks	Dow Jones U.S. Real Estate Capped Index	Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)
Cost and size
Measure	IYR	VO
Expense ratio	0.37%	0.03%
Net assets, as of Sep 30, 2026	$4.2bn	$103.4bn
Holdings
Measure	IYR	VO
Holdings in common	5%
Top ten holdings, share of the fund	52.5%	9.7%

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

Risk and return

Feb 6, 2004 to Oct 23, 2026 · 1,185 weekly returns

IYR VO

Return

Total return edge VO +331.2% +797.9%

Annualized edge VO +6.6% +10.1%

Price return edge VO +87.3% +546.9%

Risk

Volatility edge VO 24.2% 19.6%

Max drawdown edge VO −73.5% −58.4%

Risk-adjusted

Sharpe edge VO 0.31 0.50

Sortino edge VO 0.45 0.71

Calmar edge VO 0.09 0.17

Reading

VO returned more: +797.9% to +331.2%. VO swung less: 19.6% to 24.2%. VO fell less at its worst: −58.4% to −73.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IYR vs VO: Differences, Returns & Fees
Measure	IYR	VO	Edge	How it is measured
Return
Total return	+331.2%	+797.9%	VO	Price change plus distributions, reinvested.
Annualized	+6.6%	+10.1%	VO	Total return as a yearly rate.
Price return	+87.3%	+546.9%	VO	Price change alone, distributions left out.
Risk
Volatility	24.2%	19.6%	VO	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	16.9%	13.8%	VO	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−73.5%	−58.4%	VO	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.31	0.50	VO	Return above Treasury bills per unit of volatility.
Sortino	0.45	0.71	VO	Return above Treasury bills per unit of downside deviation.
Calmar	0.09	0.17	VO	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,185 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, IYR and VO hold 5% 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

5% in common

Positions both hold · largest shared weight first IYR VO

DIGITAL REALTY TRUST REIT 4.54% 0.64%

SIMON PROPERTY GROUP REIT INC 4.71% 0.61%

REALTY INCOME REIT 4.19% 0.51%

PUBLIC STORAGE REIT 4.10% 0.47%

VIVMARK RESIDENTIAL 3.51% 0.47%

VENTAS REIT 3.34% 0.43%

CBRE GROUP CLASS A 2.71% 0.37%

IRON MOUNTAIN INC 2.68% 0.31%

CROWN CASTLE INC 2.92% 0.28%

EXTRA SPACE STORAGE REIT 2.38% 0.27%

VICI PPTYS INC 2.04% 0.25%

SBA COMMUNICATIONS REIT CORP CLASS 1.53% 0.17%

Only in one fund ↓

Only in IYR

WELLTOWER 9.85%

PROLOGIS REIT 8.77%

AMERICAN TOWER REIT 4.96%

EQUINIX REIT 4.57%

ESSEX PROPERTY TRUST REIT 1.38%

HOST HOTELS & RESORTS REIT 1.35%

KIMCO REALTY REIT CORP 1.24%

INVITATION HOMES 1.14%

Only in VO

Cloudflare Inc 1.11%

Valero Energy Corp 1.10%

Marathon Petroleum Corp 1.10%

Phillips 66 1.01%

Quanta Services Inc 0.95%

Vertiv Holdings Co 0.92%

Datadog Inc 0.91%

Howmet Aerospace Inc 0.89%

Check overlap with more funds →

Side by side

IYR iShares U.S. Real Estate ETF VO Vanguard Morningstar Mid-Cap 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 Mid-Cap

Total return, 1 year +3.4% +12.8%

Expense ratio 0.37% 0.03%

Already in the S&P 500 80.0% 91.1%

Holdings 59 273

Net assets, IYR as of Oct 28, 2026 and VO as of Sep 30, 2026 $3.9bn $103.4bn

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

Client brief · page 1 of 2 Report BR-7D374C8542

IYR and VO do different jobs. What does each one do in a portfolio?

What each follows. IYR follows Dow Jones U.S. Real Estate Capped Index and VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index).
Holdings in common. 5% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
One-year total return. Over 1 year to Oct 28, 2026 IYR returned +3.4% and VO +12.8% with distributions reinvested, a gap of 9.4 points.

Data as of Oct 28, 2026.

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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.

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IYR or VO?: In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and VO +12.8%.
Which is cheaper, IYR or VO?: VO 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 VO overlap with the S&P 500?: By their latest filed holdings, 80% of IYR and 91% of VO by weight is stocks the S&P 500 already holds.

Other comparisons

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

Where to next

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

Sources and dates

IYR filings on SEC EDGAR ↗

IYR prospectus with the expense ratio (SEC) ↗

iShares page for IYR ↗

VO filings on SEC EDGAR ↗

VO prospectus with the expense ratio (SEC) ↗

Vanguard page for VO ↗

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

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