ERET vs. IYR
ERET (Ishares Environmentally Aware Real Estate ETF) and IYR (iShares U.S. Real Estate ETF) are both REIT funds from iShares - ERET tracks the FTSE EPRA Nareit Developed Green Target Index while IYR tracks the Dow Jones U.S. Real Estate Capped Index. Both are passively managed. Over the past 3 years, ERET returned 10.80%/yr vs 10.59%/yr for IYR. Their correlation of 0.92 suggests significant overlap in exposure. ERET charges 0.30%/yr vs 0.38%/yr for IYR.
Performance
ERET vs. IYR - Performance Comparison
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Returns By Period
In the year-to-date period, ERET achieves a 8.23% return, which is significantly lower than IYR's 10.54% return.
ERET
- 1D
- 0.46%
- 1M
- -0.18%
- YTD
- 8.23%
- 6M
- 8.67%
- 1Y
- 10.66%
- 3Y*
- 10.80%
- 5Y*
- —
- 10Y*
- —
IYR
- 1D
- 1.36%
- 1M
- 0.76%
- YTD
- 10.54%
- 6M
- 10.95%
- 1Y
- 9.94%
- 3Y*
- 10.59%
- 5Y*
- 2.71%
- 10Y*
- 5.75%
ERET vs. IYR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERET Ishares Environmentally Aware Real Estate ETF | 8.23% | 10.26% | 0.60% | 10.25% | 0.29% |
IYR iShares U.S. Real Estate ETF | 10.54% | 3.38% | 4.41% | 11.89% | -1.47% |
Correlation
The correlation between ERET and IYR is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2022 | 0.92 |
The correlation between ERET and IYR has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
ERET vs. IYR — Risk / Return Rank
ERET
IYR
ERET vs. IYR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Environmentally Aware Real Estate ETF (ERET) and iShares U.S. Real Estate ETF (IYR). 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.
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.
| ERET | IYR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.17 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.75 | 3.62 | +0.13 |
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Drawdowns
ERET vs. IYR - Drawdown Comparison
The maximum ERET drawdown since its inception was -20.30%, smaller than the maximum IYR drawdown of -74.13%. Use the drawdown chart below to compare losses from any high point for ERET and IYR.
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Drawdown Indicators
| ERET | IYR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.30% | -74.13% | +53.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -8.54% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -17.52% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.32% | — |
Current DrawdownCurrent decline from peak | -2.48% | -0.84% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -12.88% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.75% | +0.10% |
Volatility
ERET vs. IYR - Volatility Comparison
The current volatility for Ishares Environmentally Aware Real Estate ETF (ERET) is 4.13%, while iShares U.S. Real Estate ETF (IYR) has a volatility of 5.39%. This indicates that ERET experiences smaller price fluctuations and is considered to be less risky than IYR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERET | IYR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 5.39% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 10.34% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 13.93% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 18.78% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 20.37% | -4.62% |
ERET vs. IYR - Expense Ratio Comparison
ERET has a 0.30% expense ratio, which is lower than IYR's 0.38% expense ratio.
Dividends
ERET vs. IYR - Dividend Comparison
ERET's dividend yield for the trailing twelve months is around 3.36%, more than IYR's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERET Ishares Environmentally Aware Real Estate ETF | 3.36% | 3.79% | 4.26% | 3.67% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYR iShares U.S. Real Estate ETF | 2.20% | 2.48% | 2.57% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% |
Frequently Asked Questions
ERET and IYR have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYR has higher volatility (5.39%) compared to ERET (4.13%). In terms of maximum drawdown, ERET dropped -20.30% vs IYR's -74.13%.
On 3-year performance, ERET leads with 10.80% vs 10.59% for IYR. On fees, ERET is cheaper at 0.30% per year. On volatility, ERET has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ERET has performed better with a 10.80% return vs 10.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ERET is cheaper with a 0.30% expense ratio, compared with 0.38% for IYR.
ERET has the higher dividend yield at 3.36%, compared with 2.20% for IYR.
ERET tracks FTSE EPRA Nareit Developed Green Target Index, while IYR tracks Dow Jones U.S. Real Estate Capped Index. Their fees differ too: 0.30% for ERET and 0.38% for IYR.
ERET currently has the higher Sharpe Ratio (0.87 vs 0.72), 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.
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