USRT vs. AVRE

Last updated Jul 14, 2026

USRT (iShares Core U.S. REIT ETF) and AVRE (Avantis Real Estate ETF) are both REIT funds. USRT is passively managed, while AVRE is actively managed. Over the past 3 years, USRT returned 11.47%/yr vs 8.15%/yr for AVRE. With a 0.95 correlation, they move nearly in lockstep. USRT charges 0.08%/yr vs 0.17%/yr for AVRE.

Performance

USRT vs. AVRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core U.S. REIT ETF (USRT) and Avantis Real Estate ETF (AVRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USRT achieves a 19.09% return, which is significantly higher than AVRE's 11.28% return.

USRT

• 1D: 0.70%
• 1M: 1.10%
• 6M: 17.11%
• YTD: 19.09%
• 1Y: 21.42%
• 3Y*: 11.47%
• 5Y*: 5.20%
• 10Y*: 6.04%

AVRE

• 1D: 0.21%
• 1M: 0.06%
• 6M: 9.97%
• YTD: 11.28%
• 1Y: 13.10%
• 3Y*: 8.15%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USRT vs. AVRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
USRT iShares Core U.S. REIT ETF	19.09%	2.44%	8.58%	13.64%	-24.43%	14.33%
AVRE Avantis Real Estate ETF	11.28%	8.34%	0.54%	9.10%	-23.70%	11.45%

Correlation

The correlation between USRT and AVRE is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.95

The correlation between USRT and AVRE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

USRT vs. AVRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USRT

USRT Risk / Return Rank: 59
USRT Sharpe Ratio Rank: 58
USRT Sortino Ratio Rank: 56
USRT Omega Ratio Rank: 54
USRT Calmar Ratio Rank: 67
USRT Martin Ratio Rank: 62

AVRE

AVRE Risk / Return Rank: 36
AVRE Sharpe Ratio Rank: 36
AVRE Sortino Ratio Rank: 34
AVRE Omega Ratio Rank: 35
AVRE Calmar Ratio Rank: 34
AVRE Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USRT vs. AVRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. REIT ETF (USRT) and Avantis Real Estate ETF (AVRE). 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.

	USRT	AVRE	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.06	+0.49
Sortino ratio: Return per unit of downside risk	2.14	1.51	+0.64
Omega ratio: Gain probability vs. loss probability	1.27	1.19	+0.08
Calmar ratio: Return relative to maximum drawdown	2.68	1.40	+1.27
Martin ratio: Return relative to average drawdown	8.66	5.08	+3.58

USRT vs. AVRE - Sharpe Ratio Comparison

The current USRT Sharpe Ratio is 1.55, which is higher than the AVRE Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of USRT and AVRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USRT vs. AVRE - Drawdown Comparison

The maximum USRT drawdown since its inception was -69.92%, which is greater than AVRE's maximum drawdown of -32.52%. Use the drawdown chart below to compare losses from any high point for USRT and AVRE.

Drawdown Indicators

	USRT	AVRE	Difference
Max Drawdown Largest peak-to-trough decline	-69.92%	-32.52%	-37.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-9.38%	+1.34%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-17.34%	-1.36%
Max Drawdown (5Y) Largest decline over 5 years	-31.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.38%	—	—
Current Drawdown Current decline from peak	-0.66%	-0.87%	+0.21%
Average Drawdown Average peak-to-trough decline	-12.91%	-14.46%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.58%	-0.10%

Volatility

USRT vs. AVRE - Volatility Comparison

iShares Core U.S. REIT ETF (USRT) has a higher volatility of 4.76% compared to Avantis Real Estate ETF (AVRE) at 4.08%. This indicates that USRT's price experiences larger fluctuations and is considered to be riskier than AVRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USRT	AVRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	4.08%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	9.90%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	13.91%	12.43%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.94%	16.57%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	16.57%	+4.75%

USRT vs. AVRE - Expense Ratio Comparison

USRT has a 0.08% expense ratio, which is lower than AVRE's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

USRT vs. AVRE - Dividend Comparison

USRT's dividend yield for the trailing twelve months is around 2.54%, less than AVRE's 3.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVRE Avantis Real Estate ETF	3.39%	4.30%	3.99%	3.33%	3.78%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USRT iShares Core U.S. REIT ETF	2.54%	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

Can I hold both USRT and AVRE in my portfolio?

With a correlation of 0.93, USRT and AVRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, USRT or AVRE?

USRT has higher volatility (4.76%) compared to AVRE (4.08%). In terms of maximum drawdown, USRT dropped -69.92% vs AVRE's -32.52%.

Which ETF is better, USRT or AVRE?

On 3-year performance, USRT leads with 11.47% vs 8.15% for AVRE. On fees, USRT is cheaper at 0.08% per year. On volatility, AVRE has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USRT or AVRE?

Over the 3-year period, USRT has performed better with a 11.47% return vs 8.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USRT or AVRE?

USRT is cheaper with a 0.08% expense ratio, compared with 0.17% for AVRE.

Which ETF pays a higher dividend yield, USRT or AVRE?

AVRE has the higher dividend yield at 3.39%, compared with 2.54% for USRT.

What is the main difference between USRT and AVRE?

They also come from different issuers: iShares and Avantis. Their fees differ too: 0.08% for USRT and 0.17% for AVRE.

Which has better risk-adjusted returns?

USRT currently has the higher Sharpe Ratio (1.55 vs 1.06), 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.