- ISIN
- US4642885622
- CUSIP
- 464288562
- Issuer
- iShares
- Inception Date
- May 4, 2007
- Region
- North America (U.S.)
- Category
- REIT
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE NAREIT All Residential Capped Index
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $828M
Share Price Chart
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Performance
REZ Performance Chart
iShares Residential Real Estate ETF (REZ) is up 9.5% since the beginning of the year. REZ is currently trading at $90 per share. Investors who bought $1,000 worth of REZ shares 5 years ago would now be looking at an investment worth $1,211.
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Returns By Period
iShares Residential Real Estate ETF (REZ) has returned 9.54% so far this year and 12.37% over the past 12 months. Over the last ten years, REZ has returned 6.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Residential Real Estate ETF
- 1D
- 1.06%
- 1M
- -1.63%
- YTD
- 9.54%
- 6M
- 9.75%
- 1Y
- 12.37%
- 3Y*
- 11.60%
- 5Y*
- 3.90%
- 10Y*
- 6.61%
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%
REZ Monthly Returns History
Based on dividend-adjusted daily data since May 4, 2007, REZ's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +20.1%, while the worst month was Oct 2008 at -26.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, REZ closed higher 52% of trading days. The best single day was Nov 24, 2008 with a return of +23.5%, while the worst single day was Mar 16, 2020 at -18.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.68% | 6.59% | -7.10% | 8.54% | -0.63% | 0.86% | 9.54% | ||||||
| 2025 | 1.09% | 6.67% | -0.65% | -3.32% | -0.01% | -0.81% | -1.55% | 4.56% | 0.81% | -3.41% | 6.68% | -4.58% | 4.80% |
| 2024 | -5.88% | 0.59% | 3.98% | -2.44% | 5.53% | 4.31% | 3.52% | 9.38% | 2.44% | -3.76% | 4.14% | -8.29% | 12.73% |
| 2023 | 10.49% | -3.46% | -2.59% | 2.62% | -3.85% | 5.72% | 0.57% | -3.66% | -6.15% | -5.66% | 8.71% | 9.78% | 10.97% |
| 2022 | -5.50% | -3.65% | 7.58% | -5.72% | -5.55% | -5.88% | 7.56% | -5.42% | -10.75% | -0.57% | 2.98% | -6.07% | -28.31% |
| 2021 | -0.81% | 4.83% | 5.56% | 7.62% | 1.20% | 3.97% | 8.05% | 0.57% | -5.29% | 7.37% | -1.67% | 9.49% | 47.86% |
Benchmark Metrics
iShares Residential Real Estate ETF has an annualized alpha of 1.04%, beta of 0.96, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since May 04, 2007.
- This ETF participated in 87.26% of S&P 500 Index downside but only 80.20% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.43 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.04%
- Beta
- 0.96
- R²
- 0.43
- Upside Capture
- 80.20%
- Downside Capture
- 87.26%
Expense Ratio
REZ has an expense ratio of 0.48%, placing it in the medium range.
Return for Risk
Risk / Return Rank
REZ ranks 26 for risk / return — below 26% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) 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.
| REZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.78 | -1.37 |
| Martin ratioReturn relative to average drawdown | 4.29 | 12.44 | -8.15 |
Dividends
Dividend History
iShares Residential Real Estate ETF provided a 2.10% dividend yield over the last twelve months, with an annual payout of $1.89 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.89 | $2.27 | $1.83 | $2.16 | $2.30 | $1.78 | $2.15 | $2.18 | $2.26 | $2.22 | $3.44 | $2.02 |
Dividend yield | 2.10% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Residential Real Estate ETF. 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 | $0.00 | $0.00 | $0.51 | $0.51 | ||||||
| 2025 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.91 | $2.27 |
| 2024 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.64 | $1.83 |
| 2023 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.73 | $2.16 |
| 2022 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.84 | $0.00 | $0.00 | $0.76 | $2.30 |
| 2021 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.66 | $1.78 |
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 Residential Real Estate ETF. 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 Residential Real Estate ETF was 66.87%, occurring on Mar 5, 2009. Recovery took 542 trading sessions.
The current iShares Residential Real Estate ETF drawdown is 2.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -66.87%Mar 2009 | 1y 9mo | 2y 1mo | 3y 11moMay 2007 - Apr 2011 |
COVID crash2020 | -44.15%Mar 2020 | 1mo 4d | 1y 28d | 1y 2moFeb 2020 - Apr 2021 |
2023 bear market2023 | -35.05%Oct 2023 | 1y 6mo | 2y 3mo | 3y 10moApr 2022 - Feb 2026 |
2011 bear market2011 | -20.19%Aug 2011 | 14d | 5mo 20d | 6mo 4dJul 2011 - Jan 2012 |
2013 bear market2013 | -20.10%Dec 2013 | 6mo 24d | 8mo 9d | 1y 2moMay 2013 - Aug 2014 |
Drawdown Indicators
| REZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -56.78% | -10.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -9.10% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -18.90% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -25.43% | -9.62% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -33.92% | -10.23% |
Current DrawdownCurrent decline from peak | -2.45% | -1.80% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -10.71% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.03% | +0.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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