REZ vs. IYR
Compare and contrast key facts about iShares Residential Real Estate ETF (REZ) and iShares U.S. Real Estate ETF (IYR).
REZ and IYR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both REZ and IYR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
REZ vs. IYR - Performance Comparison
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REZ vs. IYR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 0.69% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
IYR iShares U.S. Real Estate ETF | 1.00% | 3.38% | 4.41% | 11.89% | -25.51% | 38.74% | -5.23% | 28.21% | -4.33% | 9.31% |
Returns By Period
In the year-to-date period, REZ achieves a 0.69% return, which is significantly lower than IYR's 1.00% return. Over the past 10 years, REZ has outperformed IYR with an annualized return of 5.55%, while IYR has yielded a comparatively lower 5.02% annualized return.
REZ
- 1D
- 1.02%
- 1M
- -7.10%
- YTD
- 0.69%
- 6M
- -1.00%
- 1Y
- -1.49%
- 3Y*
- 8.30%
- 5Y*
- 4.57%
- 10Y*
- 5.55%
IYR
- 1D
- 1.61%
- 1M
- -6.37%
- YTD
- 1.00%
- 6M
- -1.43%
- 1Y
- 1.10%
- 3Y*
- 6.35%
- 5Y*
- 2.80%
- 10Y*
- 5.02%
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REZ vs. IYR - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is higher than IYR's 0.42% expense ratio.
Return for Risk
REZ vs. IYR — Risk / Return Rank
REZ
IYR
REZ vs. IYR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) 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.
| REZ | IYR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.09 | 0.07 | -0.16 |
Sortino ratioReturn per unit of downside risk | -0.01 | 0.20 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.18 | -0.25 |
Martin ratioReturn relative to average drawdown | -0.22 | 0.68 | -0.90 |
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
| REZ | IYR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.07 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.15 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.25 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.32 | -0.09 |
Correlation
The correlation between REZ and IYR 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.
Dividends
REZ vs. IYR - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.28%, less than IYR's 2.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 2.28% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
IYR iShares U.S. Real Estate ETF | 2.38% | 2.48% | 2.57% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% |
Drawdowns
REZ vs. IYR - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, smaller than the maximum IYR drawdown of -74.13%. Use the drawdown chart below to compare losses from any high point for REZ and IYR.
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Drawdown Indicators
| REZ | IYR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -74.13% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.82% | -12.20% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -33.75% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -42.32% | -1.83% |
Current DrawdownCurrent decline from peak | -7.70% | -9.14% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -12.98% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 3.19% | +0.65% |
Volatility
REZ vs. IYR - Volatility Comparison
iShares Residential Real Estate ETF (REZ) and iShares U.S. Real Estate ETF (IYR) have volatilities of 4.65% and 4.57%, 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
| REZ | IYR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 4.57% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 9.34% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 16.24% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 18.71% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 20.30% | +1.22% |