Data as of Oct 28, 2026.

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IYR vs VTEB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYR returned +3.4% to VTEB's −0.4%; 0% 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 $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

At a glance
+3.4%
IYR total return, 1 year
−0.4%
VTEB total return, 1 year
0.37%
IYR expense ratio
0.03%
VTEB expense ratio

Pair scorecard

VTEB costs 0.34 points a year less; their one-year returns differ by 3.8 points; VTEB is 11.8 times larger.

IYR vs VTEB: Differences, Returns & Fees
MeasureIYRVTEB
Return
Total return, 1 year+3.4%−0.4%
Drawdown
Below its high8.6%, high on Jul 28, 2026
Benchmark
What it tracksDow Jones U.S. Real Estate Capped IndexS&P National AMT-Free Municipal Bond Index
Cost and size
Expense ratio0.37%0.03%
Net assets, as of Sep 30, 2026$4.2bn$49.6bn
Holdings
Holdings in common0%
In the S&P 500, by weight80%
Top ten holdings, share of the fund52.5%

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

What they share

0%

By the books each fund has filed, IYR and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IYR VTEB
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 VTEB
Vanguard Municipal Low Duration Fund 0.69%
State of California 0.15%
State of California 0.14%
New York State Dormitory Authority 0.13%
State of Illinois 0.12%
Ohio State University 0.12%
City of New York NY 0.10%
State of Wisconsin 0.10%
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Side by side

IYR iShares U.S. Real Estate ETF VTEB Vanguard Tax-Exempt Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks an index of U.S. Real Estate Tracks an index of Tax-Exempt Bond
Total return, 1 year +3.4% −0.4%
Expense ratio 0.37% 0.03%
Holdings 59 11155
Net assets, IYR as of Oct 28, 2026 and VTEB as of Sep 30, 2026 $3.9bn $49.6bn

IYR and VTEB 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.

VTEB

VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, IYR or VTEB?
In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and VTEB −0.4%.
Which is cheaper, IYR or VTEB?
VTEB 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.
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ETFIQ, IYR against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyr-vs-vteb

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