IEMG vs. USRT
IEMG (iShares Core MSCI Emerging Markets ETF) and USRT (iShares Core U.S. REIT ETF) are both exchange-traded funds - IEMG is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net), while USRT is a REIT fund tracking the FTSE Nareit Equity REITS 40 Act Capped Index. Both are passively managed. Over the past 10 years, IEMG returned 8.70%/yr vs 6.14%/yr for USRT. Their 0.39 correlation means their historical movements had little consistent relationship. IEMG charges 0.09%/yr vs 0.08%/yr for USRT.
Performance
IEMG vs. USRT - Performance Comparison
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Returns By Period
In the year-to-date period, IEMG achieves a 17.13% return, which is significantly lower than USRT's 20.34% return. Over the past 10 years, IEMG has outperformed USRT with an annualized return of 8.70%, while USRT has yielded a comparatively lower 6.14% annualized return.
IEMG
- 1D
- 0.64%
- 1M
- -2.17%
- 6M
- 8.11%
- YTD
- 17.13%
- 1Y
- 33.73%
- 3Y*
- 19.02%
- 5Y*
- 7.08%
- 10Y*
- 8.70%
- ALL TIME*
- 6.15%
USRT
- 1D
- 0.06%
- 1M
- 0.70%
- 6M
- 17.86%
- YTD
- 20.34%
- 1Y
- 25.37%
- 3Y*
- 13.00%
- 5Y*
- 5.39%
- 10Y*
- 6.14%
- ALL TIME*
- 5.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $832.99M | $964.62M | $1.10B | |
| $32.34M | $32.36M | $34.42M |
IEMG vs. USRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 17.13% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
USRT iShares Core U.S. REIT ETF | 20.34% | 2.44% | 8.58% | 13.64% | -24.43% | 43.26% | -8.06% | 25.98% | -4.67% | 5.27% |
Correlation
The correlation between IEMG and USRT is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.39 |
Over the past year, the correlation between IEMG and USRT has dropped to 0.10 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
IEMG vs. USRT — Risk / Return Rank
IEMG
USRT
IEMG vs. USRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets ETF (IEMG) and iShares Core U.S. REIT ETF (USRT). 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.
| IEMG | USRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.17 | -0.71 |
| Martin ratioReturn relative to average drawdown | 7.50 | 10.68 | -3.18 |
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Drawdowns
IEMG vs. USRT - Drawdown Comparison
The maximum IEMG drawdown since its inception was -38.71%, smaller than the maximum USRT drawdown of -69.92%. Use the drawdown chart below to compare losses from any high point for IEMG and USRT.
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Drawdown Indicators
| IEMG | USRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -69.92% | +31.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -8.04% | -5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.21% | -18.70% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -33.61% | -31.03% | -2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | -44.38% | +5.67% |
Current DrawdownCurrent decline from peak | -9.17% | -2.71% | -6.46% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -12.87% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 2.38% | +2.13% |
Volatility
IEMG vs. USRT - Volatility Comparison
iShares Core MSCI Emerging Markets ETF (IEMG) has a higher volatility of 8.73% compared to iShares Core U.S. REIT ETF (USRT) at 4.47%. This indicates that IEMG's price experiences larger fluctuations and is considered to be riskier than USRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMG | USRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 4.47% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 21.65% | 10.64% | +11.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.74% | 13.77% | +9.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 18.94% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.32% | 21.34% | -1.02% |
IEMG vs. USRT - Expense Ratio Comparison
IEMG has a 0.09% expense ratio, which is higher than USRT's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEMG vs. USRT - Dividend Comparison
IEMG's dividend yield for the trailing twelve months is around 2.30%, less than USRT's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.30% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
USRT iShares Core U.S. REIT ETF | 2.51% | 3.07% | 2.85% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% |
Frequently Asked Questions
IEMG and USRT have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEMG has higher volatility (8.73%) compared to USRT (4.47%). In terms of maximum drawdown, IEMG dropped -38.71% vs USRT's -69.92%.
On 10-year performance, IEMG leads with 8.70% vs 6.14% for USRT. On fees, USRT is cheaper at 0.08% per year. On volatility, USRT has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IEMG has performed better with a 8.70% return vs 6.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USRT is cheaper with a 0.08% expense ratio, compared with 0.09% for IEMG.
USRT has the higher dividend yield at 2.51%, compared with 2.30% for IEMG.
IEMG is categorized as Emerging Markets Equities, while USRT is REIT. IEMG tracks MSCI Emerging Markets Investable Market Index (USD) (Net), while USRT tracks FTSE Nareit Equity REITS 40 Act Capped Index. Their fees differ too: 0.09% for IEMG and 0.08% for USRT.
USRT currently has the higher Sharpe Ratio (1.85 vs 1.43), 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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