IYR vs. BLDG
IYR (iShares U.S. Real Estate ETF) and BLDG (Cambria Global Real Estate ETF) are both REIT funds. IYR is passively managed, while BLDG is actively managed. Over the past 5 years, IYR returned 2.02%/yr vs 2.24%/yr for BLDG. Their correlation of 0.82 suggests significant overlap in exposure. IYR charges 0.42%/yr vs 0.59%/yr for BLDG.
Performance
IYR vs. BLDG - Performance Comparison
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Returns By Period
In the year-to-date period, IYR achieves a 6.81% return, which is significantly higher than BLDG's 5.95% return.
IYR
- 1D
- 0.01%
- 1M
- -1.60%
- YTD
- 6.81%
- 6M
- 5.67%
- 1Y
- 8.44%
- 3Y*
- 8.68%
- 5Y*
- 2.02%
- 10Y*
- 5.47%
BLDG
- 1D
- -0.93%
- 1M
- 0.12%
- YTD
- 5.95%
- 6M
- 5.25%
- 1Y
- 10.27%
- 3Y*
- 8.73%
- 5Y*
- 2.24%
- 10Y*
- —
IYR vs. BLDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 6.81% | 3.38% | 4.41% | 11.89% | -25.51% | 38.74% | 11.96% |
BLDG Cambria Global Real Estate ETF | 5.95% | 4.26% | 8.18% | 1.76% | -14.66% | 22.47% | 15.37% |
Correlation
The correlation between IYR and BLDG is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.82 |
The correlation between IYR and BLDG has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
IYR vs. BLDG - Sectors Allocation Comparison
Sectors
IYR
BLDG
Real Estate
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
Healthcare
-
-
Industrials
-
-
Technology
-
-
Utilities
-
-
Real Estate
IYR
BLDG
Basic Materials
IYR
BLDG
-
Communication Services
IYR
BLDG
-
Consumer Cyclical
IYR
-
BLDG
-
Consumer Defensive
IYR
-
BLDG
-
Energy
IYR
-
BLDG
-
Financial Services
IYR
-
BLDG
Healthcare
IYR
-
BLDG
-
Industrials
IYR
-
BLDG
-
Technology
IYR
-
BLDG
-
Utilities
IYR
-
BLDG
-
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Return for Risk
IYR vs. BLDG — Risk / Return Rank
IYR
BLDG
IYR vs. BLDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) and Cambria Global Real Estate ETF (BLDG). 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.
| IYR | BLDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.16 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.02 | -0.03 |
| Martin ratioReturn relative to average drawdown | 3.10 | 3.60 | -0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYR | BLDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.93 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.15 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.45 | -0.13 |
Drawdowns
IYR vs. BLDG - Drawdown Comparison
The maximum IYR drawdown since its inception was -74.13%, which is greater than BLDG's maximum drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for IYR and BLDG.
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Drawdown Indicators
| IYR | BLDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.13% | -27.25% | -46.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -10.08% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -17.52% | -18.57% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -33.75% | -27.25% | -6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -42.32% | — | — |
Current DrawdownCurrent decline from peak | -3.91% | -2.76% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -12.91% | -9.23% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.86% | -0.13% |
Volatility
IYR vs. BLDG - Volatility Comparison
iShares U.S. Real Estate ETF (IYR) and Cambria Global Real Estate ETF (BLDG) have volatilities of 3.69% and 3.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYR | BLDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 3.60% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.35% | 8.23% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.19% | 11.07% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 15.26% | +3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.31% | 15.54% | +4.77% |
IYR vs. BLDG - Expense Ratio Comparison
IYR has a 0.42% expense ratio, which is lower than BLDG's 0.59% expense ratio.
Dividends
IYR vs. BLDG - Dividend Comparison
IYR's dividend yield for the trailing twelve months is around 2.25%, less than BLDG's 5.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDG Cambria Global Real Estate ETF | 5.72% | 7.46% | 7.97% | 4.99% | 3.99% | 10.40% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYR iShares U.S. Real Estate ETF | 2.25% | 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
IYR and BLDG have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYR has higher volatility (3.69%) compared to BLDG (3.60%). In terms of maximum drawdown, IYR dropped -74.13% vs BLDG's -27.25%.
On 5-year performance, BLDG leads with 2.24% vs 2.02% for IYR. On fees, IYR is cheaper at 0.42% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BLDG has performed better with a 2.24% return vs 2.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYR is cheaper with a 0.42% expense ratio, compared with 0.59% for BLDG.
BLDG has the higher dividend yield at 5.72%, compared with 2.25% for IYR.
They also come from different issuers: iShares and Cambria. Their fees differ too: 0.42% for IYR and 0.59% for BLDG.
BLDG currently has the higher Sharpe Ratio (0.93 vs 0.64), 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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