- ISIN
- US0919361958
- CUSIP
- 091936195
- Issuer
- BlackRock
- Inception Date
- Aug 12, 2015
- Category
- REIT
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
BIRDX Performance Chart
iShares Developed Real Estate Index Fund (BIRDX) is up 8.1% since the beginning of the year. BIRDX is currently trading at $9 per share. Investors who bought $1,000 worth of BIRDX shares 5 years ago would now be looking at an investment worth $1,102.
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Returns By Period
iShares Developed Real Estate Index Fund (BIRDX) has returned 8.14% so far this year and 12.21% over the past 12 months. Over the last ten years, BIRDX has returned 3.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Developed Real Estate Index Fund
- 1D
- 0.00%
- 1M
- -1.35%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 12.21%
- 3Y*
- 9.21%
- 5Y*
- 1.97%
- 10Y*
- 3.62%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BIRDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, BIRDX's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +12.8%, while the worst month was Mar 2020 at -22.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BIRDX closed higher 52% of trading days. The best single day was Oct 10, 2024 with a return of +17.7%, while the worst single day was Mar 16, 2020 at -15.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.68% | 7.09% | -8.39% | 8.26% | -0.90% | -0.91% | 8.14% | ||||||
| 2025 | 1.64% | 2.48% | -2.06% | 0.91% | 2.60% | 1.08% | -1.47% | 4.52% | 0.93% | -1.55% | 2.13% | -1.18% | 10.27% |
| 2024 | -4.30% | -0.22% | 3.62% | -6.24% | 3.88% | 0.33% | 6.10% | 6.14% | 3.14% | -5.06% | 2.52% | -7.15% | 1.49% |
| 2023 | 9.19% | -4.72% | -2.80% | 1.87% | -4.50% | 3.21% | 3.56% | -3.35% | -6.05% | -4.53% | 10.57% | 9.52% | 10.38% |
| 2022 | -5.59% | -2.74% | 4.36% | -5.44% | -4.16% | -8.39% | 8.04% | -6.76% | -12.29% | 3.19% | 7.33% | -3.25% | -24.68% |
| 2021 | -0.91% | 3.89% | 3.05% | 6.39% | 1.91% | 0.80% | 3.86% | 1.29% | -5.78% | 6.10% | -2.14% | 6.36% | 26.90% |
Benchmark Metrics
iShares Developed Real Estate Index Fund has an annualized alpha of -3.98%, beta of 0.72, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 101.74% of S&P 500 Index downside but only 66.97% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -3.98%
- Beta
- 0.72
- R²
- 0.46
- Upside Capture
- 66.97%
- Downside Capture
- 101.74%
Expense Ratio
BIRDX has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
BIRDX ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Developed Real Estate Index Fund (BIRDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIRDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.78 | -1.59 |
| Martin ratioReturn relative to average drawdown | 4.40 | 12.44 | -8.04 |
Dividends
Dividend History
iShares Developed Real Estate Index Fund provided a 6.58% dividend yield over the last twelve months, with an annual payout of $0.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.56 | $1.88 | $0.29 | $0.11 | $0.50 | $0.19 | $0.73 | $0.40 | $0.18 | $0.22 |
Dividend yield | 6.58% | 6.84% | 23.69% | 2.99% | 1.24% | 4.18% | 1.91% | 6.67% | 4.18% | 1.70% | 2.24% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Developed Real Estate Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.36 | $0.56 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.70 | $0.00 | $0.00 | $1.88 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.08 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.15 | $0.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Developed Real Estate Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Developed Real Estate Index Fund was 43.03%, occurring on Mar 23, 2020. Recovery took 295 trading sessions.
The current iShares Developed Real Estate Index Fund drawdown is 5.56%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -43.03%Mar 2020 | 1mo 4d | 1y 2mo | 1y 3moFeb 2020 - May 2021 |
2023 bear market2023 | -32.54%Oct 2023 | 1y 9mo | 11mo 19d | 2y 9moJan 2022 - Oct 2024 |
2025 selloff2025 | -27.40%Apr 2025 | 5mo 29d | — | 1y 8moOct 2024 - now |
2016 correction2016 | -13.10%Nov 2016 | 3mo 18d | 1y 9mo | 2y 18dAug 2016 - Aug 2018 |
Rate-hike selloffLate 2018 | -10.27%Dec 2018 | 3mo 26d | 1mo 6d | 5mo 2dAug 2018 - Jan 2019 |
Drawdown Indicators
| BIRDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.03% | -56.78% | +13.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -9.10% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -27.40% | -18.90% | -8.50% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -25.43% | -7.11% |
Max Drawdown (10Y)Largest decline over 10 years | -43.03% | -33.92% | -9.11% |
Current DrawdownCurrent decline from peak | -5.56% | -1.80% | -3.76% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -10.71% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.03% | +0.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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