IYR vs. REZ
Compare and contrast key facts about iShares U.S. Real Estate ETF (IYR) and iShares Residential Real Estate ETF (REZ).
IYR and REZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYR is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Real Estate Index. It was launched on Jun 12, 2000. REZ is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT All Residential Capped Index. It was launched on May 4, 2007. Both IYR and REZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IYR or REZ.
Correlation
The correlation between IYR and REZ is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IYR vs. REZ - Performance Comparison
Key characteristics
IYR:
0.85
REZ:
1.49
IYR:
1.22
REZ:
2.06
IYR:
1.16
REZ:
1.25
IYR:
0.53
REZ:
0.89
IYR:
2.87
REZ:
4.99
IYR:
4.72%
REZ:
4.83%
IYR:
15.87%
REZ:
16.18%
IYR:
-74.13%
REZ:
-66.84%
IYR:
-9.98%
REZ:
-7.98%
Returns By Period
In the year-to-date period, IYR achieves a 3.45% return, which is significantly lower than REZ's 3.92% return. Over the past 10 years, IYR has underperformed REZ with an annualized return of 5.32%, while REZ has yielded a comparatively higher 6.67% annualized return.
IYR
3.45%
2.41%
-1.41%
12.63%
1.92%
5.32%
REZ
3.92%
5.05%
-0.73%
23.49%
3.46%
6.67%
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IYR vs. REZ - Expense Ratio Comparison
IYR has a 0.42% expense ratio, which is lower than REZ's 0.48% expense ratio.
Risk-Adjusted Performance
IYR vs. REZ — Risk-Adjusted Performance Rank
IYR
REZ
IYR vs. REZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) and iShares Residential Real Estate ETF (REZ). 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.
Dividends
IYR vs. REZ - Dividend Comparison
IYR's dividend yield for the trailing twelve months is around 2.49%, more than REZ's 2.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 2.49% | 2.57% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% | 3.66% |
REZ iShares Residential Real Estate ETF | 2.17% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.54% | 3.18% | 3.13% |
Drawdowns
IYR vs. REZ - Drawdown Comparison
The maximum IYR drawdown since its inception was -74.13%, which is greater than REZ's maximum drawdown of -66.84%. Use the drawdown chart below to compare losses from any high point for IYR and REZ. For additional features, visit the drawdowns tool.
Volatility
IYR vs. REZ - Volatility Comparison
The current volatility for iShares U.S. Real Estate ETF (IYR) is 3.59%, while iShares Residential Real Estate ETF (REZ) has a volatility of 4.56%. This indicates that IYR experiences smaller price fluctuations and is considered to be less risky than REZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.