ERET vs. AVRE

Last updated Jun 5, 2026

ERET (Ishares Environmentally Aware Real Estate ETF) and AVRE (Avantis Real Estate ETF) are both REIT funds. ERET is passively managed, while AVRE is actively managed. Over the past 3 years, ERET returned 9.19%/yr vs 8.96%/yr for AVRE. With a 0.96 correlation, they move nearly in lockstep. ERET charges 0.30%/yr vs 0.17%/yr for AVRE.

Performance

ERET vs. AVRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Environmentally Aware Real Estate ETF (ERET) and Avantis Real Estate ETF (AVRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ERET achieves a 6.77% return, which is significantly lower than AVRE's 8.75% return.

ERET

• 1D: 0.93%
• 1M: -1.71%
• YTD: 6.77%
• 6M: 7.14%
• 1Y: 11.24%
• 3Y*: 9.19%
• 5Y*: —
• 10Y*: —

AVRE

• 1D: 1.42%
• 1M: -0.27%
• YTD: 8.75%
• 6M: 8.78%
• 1Y: 10.94%
• 3Y*: 8.96%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ERET vs. AVRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ERET Ishares Environmentally Aware Real Estate ETF	6.77%	10.26%	0.60%	10.25%	0.29%
AVRE Avantis Real Estate ETF	8.75%	8.34%	0.54%	9.10%	-0.04%

Correlation

The correlation between ERET and AVRE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 18, 2022	0.96

The correlation between ERET and AVRE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

ERET vs. AVRE - Sectors Allocation Comparison

Sectors	ERET	AVRE
Real Estate	99.7%	99.3%
Technology	0.2%	-
Consumer Cyclical	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	-
Industrials	-	-
Utilities	-	0.1%

Return for Risk

ERET vs. AVRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ERET

ERET Risk / Return Rank: 26
ERET Sharpe Ratio Rank: 27
ERET Sortino Ratio Rank: 26
ERET Omega Ratio Rank: 26
ERET Calmar Ratio Rank: 24
ERET Martin Ratio Rank: 29

AVRE

AVRE Risk / Return Rank: 27
AVRE Sharpe Ratio Rank: 26
AVRE Sortino Ratio Rank: 25
AVRE Omega Ratio Rank: 26
AVRE Calmar Ratio Rank: 25
AVRE Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ERET vs. AVRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Environmentally Aware Real Estate ETF (ERET) and Avantis Real Estate ETF (AVRE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ERET	AVRE	Difference
Sharpe ratio: Return per unit of total volatility	0.94	0.92	+0.02
Sortino ratio: Return per unit of downside risk	1.34	1.32	+0.02
Omega ratio: Gain probability vs. loss probability	1.17	1.17	+0.01
Calmar ratio: Return relative to maximum drawdown	1.08	1.17	-0.09
Martin ratio: Return relative to average drawdown	4.04	4.26	-0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ERET vs. AVRE - Sharpe Ratio Comparison

The current ERET Sharpe Ratio is 0.94, which is comparable to the AVRE Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ERET and AVRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ERET	AVRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.92	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.14	+0.36

Drawdowns

ERET vs. AVRE - Drawdown Comparison

The maximum ERET drawdown since its inception was -20.30%, smaller than the maximum AVRE drawdown of -32.52%. Use the drawdown chart below to compare losses from any high point for ERET and AVRE.

Drawdown Indicators

	ERET	AVRE	Difference
Max Drawdown Largest peak-to-trough decline	-20.30%	-32.52%	+12.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-9.38%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	-17.61%	-17.34%	-0.27%
Current Drawdown Current decline from peak	-3.79%	-1.66%	-2.13%
Average Drawdown Average peak-to-trough decline	-5.83%	-14.75%	+8.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.57%	+0.22%

Volatility

ERET vs. AVRE - Volatility Comparison

Ishares Environmentally Aware Real Estate ETF (ERET) has a higher volatility of 4.04% compared to Avantis Real Estate ETF (AVRE) at 3.73%. This indicates that ERET's price experiences larger fluctuations and is considered to be riskier than AVRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ERET	AVRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	3.73%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	9.24%	9.06%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	11.96%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.77%	16.61%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.77%	16.61%	-0.84%

ERET vs. AVRE - Expense Ratio Comparison

ERET has a 0.30% expense ratio, which is higher than AVRE's 0.17% expense ratio.

Dividends

ERET vs. AVRE - Dividend Comparison

ERET's dividend yield for the trailing twelve months is around 3.55%, more than AVRE's 3.46% yield.

Position	TTM	2025	2024	2023	2022	2021
AVRE Avantis Real Estate ETF	3.46%	4.30%	3.99%	3.33%	3.78%	0.61%
ERET Ishares Environmentally Aware Real Estate ETF	3.55%	3.79%	4.26%	3.67%	0.64%	0.00%

Frequently Asked Questions

Can I hold both ERET and AVRE in my portfolio?

With a correlation of 0.93, ERET and AVRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ERET or AVRE?

ERET has higher volatility (4.04%) compared to AVRE (3.73%). In terms of maximum drawdown, ERET dropped -20.30% vs AVRE's -32.52%.

Which ETF is better, ERET or AVRE?

On 3-year performance, ERET leads with 9.19% vs 8.96% for AVRE. On fees, AVRE is cheaper at 0.17% per year. On volatility, AVRE has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ERET or AVRE?

Over the 3-year period, ERET has performed better with a 9.19% return vs 8.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ERET or AVRE?

AVRE is cheaper with a 0.17% expense ratio, compared with 0.30% for ERET.

Which ETF pays a higher dividend yield, ERET or AVRE?

ERET has the higher dividend yield at 3.55%, compared with 3.46% for AVRE.

What is the main difference between ERET and AVRE?

They also come from different issuers: iShares and Avantis. Their fees differ too: 0.30% for ERET and 0.17% for AVRE.

Which has better risk-adjusted returns?

ERET currently has the higher Sharpe Ratio (0.94 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.