iShares U.S. Real Estate ETF (IYR)


Market Price (8/22/2026): $104.725

iShares U.S. Real Estate ETF (IYR)


Market Price (8/22/2026): $104.725

Key Takeaways

  • IYR has returned +11.9% YTD vs +12.6% for SPY; +11.1% over the past 12 months (SPY +21.5%). details →
  • Priced in gold, IYR has returned -44.5% over the past 3 years, vs +36.2% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, IYR has seen net outflows of −$128M (−2.8% of assets). details →
  • Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.3 vs 0.9. details →
  • IYR's +11.9% YTD is ahead of its typical pace — it averaged +4.7% at this point (August 21) over the past 5 years. details →
Last updated: 8/21/2026.

Price Chart

Asset Allocation with IYR

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.8%
Volatility
10.9%
Sharpe
0.83
YTD
+9.2%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for IYR

Total Weights
Top 5: 34.0% | Top 10: 52.6% | Top 20: 70.8%

HoldingETF Weight
95040Q104WELLTOWER10.92%
74340W103PROLOGIS REIT8.98%
253868103DIGITAL REALTY TRUST REIT4.90%
29444U700EQUINIX REIT4.68%
828806109SIMON PROPERTY GROUP REIT INC4.55%
756109104REALTY INCOME REIT4.20%
03027X100AMERICAN TOWER REIT4.02%
74460D109PUBLIC STORAGE REIT3.93%
12504L109CBRE GROUP CLASS A3.22%
92276F100VENTAS REIT3.20%
46284V101IRON MOUNTAIN INC2.77%
22822V101CROWN CASTLE INC2.38%
30225T102EXTRA SPACE STORAGE REIT2.25%
925652109VICI PPTYS INC2.07%
053484101AVALONBAY COMMUNITIES REIT1.84%
29476L107EQUITY RESIDENTIAL REIT1.62%
78410G104SBA COMMUNICATIONS REIT CORP CLASS1.41%
297178105ESSEX PROPERTY TRUST REIT1.33%
962166104WEYERHAEUSER REIT1.27%
48020Q107JONES LANG LASALLE1.25%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
IYR Return39%-26%12%4%3%12%40%
Peers Return41%-25%12%5%4%15%47%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
IYR Win Rate75%33%50%67%67%62% 
Peers Win Rate80%33%50%67%58%70% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
IYR Max Drawdown-8%-33%-21%-11%-14%-9% 
Peers Max Drawdown-8%-32%-21%-11%-15%-8% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VNQ, XLRE, SCHH, REET, USRT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
IYR0.520.330.01
Real Estate Top Results (3Y)   
USRT1.190.490.16
REET1.030.400.03
SCHH0.890.400.06
VNQ0.690.360.03
XLRE0.420.350.04

Results as of 7312026.

How Low Can It Go

EventIYRS&P 500
2025 US Tariff Shock
  % Loss-12.0%-18.8%
  % Gain to Breakeven13.6%23.1%
  Time to Breakeven76 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-16.9%-9.5%
  % Gain to Breakeven20.4%10.5%
  Time to Breakeven49 days24 days
2023 SVB Regional Banking Crisis
  % Loss-14.2%-6.7%
  % Gain to Breakeven16.5%7.1%
  Time to Breakeven266 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-32.0%-24.5%
  % Gain to Breakeven47.1%32.4%
  Time to Breakeven1334 days427 days
2020 COVID-19 Crash
  % Loss-41.5%-33.7%
  % Gain to Breakeven71.1%50.9%
  Time to Breakeven388 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-11.0%-3.7%
  % Gain to Breakeven12.4%3.9%
  Time to Breakeven152 days6 days

Compare to VNQ, XLRE, SCHH, REET, USRT

In The Past

iShares U.S. Real Estate ETF's stock fell -12.0% during the 2025 US Tariff Shock. Such a loss loss requires a 13.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventIYRS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-32.0%-24.5%
  % Gain to Breakeven47.1%32.4%
  Time to Breakeven1334 days427 days
2020 COVID-19 Crash
  % Loss-41.5%-33.7%
  % Gain to Breakeven71.1%50.9%
  Time to Breakeven388 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-22.5%-17.9%
  % Gain to Breakeven29.1%21.8%
  Time to Breakeven123 days123 days
2008-2009 Global Financial Crisis
  % Loss-65.2%-53.4%
  % Gain to Breakeven187.7%114.4%
  Time to Breakeven692 days1085 days

Compare to VNQ, XLRE, SCHH, REET, USRT

In The Past

iShares U.S. Real Estate ETF's stock fell -12.0% during the 2025 US Tariff Shock. Such a loss loss requires a 13.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

IYR Dip Buy History


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
MAGSRoundhill Magnificent Seven ETF-5.2%67.28821202670.94514202699
IEMGiShares Core MSCI Emerging Markets ETF-5.2%81.57821202686.00622202660
EEMiShares MSCI Emerging Markets ETF-5.7%67.12821202671.21622202660
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-7.5%34.49821202637.30622202660
EWYiShares MSCI South Korea ETF-18.6%178.348212026219.20621202661
EWZiShares MSCI Brazil ETF-16.0%35.06821202641.734142026129
FXIiShares China Large-Cap ETF-7.6%35.86821202638.812222026180
ILFiShares Latin America 40 ETF-9.0%34.68821202638.104142026129
KWEBKraneShares CSI China Internet ETF-18.5%26.66821202632.702222026180
MTUMiShares MSCI USA Momentum Factor ETF-11.6%305.178212026345.22622202660
SPMOInvesco S&P 500 Momentum ETF-8.0%148.738212026161.66622202660
URAGlobal X Uranium ETF-20.9%46.07821202658.265062026107
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-13.4%36.04821202641.635132026100
ROBOROBO Global Robotics & Automation Index ETF-10.2%81.17821202690.34602202680
LITGlobal X Lithium & Battery Tech ETF-16.4%76.61821202691.625112026102
ICLNiShares Global Clean Energy ETF-25.9%17.59821202623.75602202680
ARKQARK Autonomous Technology & Robotics ETF-12.7%125.588212026143.82528202685
ARKXARK Space & Defense Innovation ETF-11.9%33.25821202637.74528202685
NASATema Space Innovators ETF-41.2%24.64821202641.89527202686
AGIXKraneShares Artificial Intelligence ETF-9.2%44.85821202649.40601202681
VGTVanguard Information Technology ETF-5.7%118.428212026125.62602202680
XLKState Street Technology Select Sector SPDR ETF-7.5%183.318212026198.21602202680
XLCState Street Communication Services Select Sector SPDR ETF-6.5%111.408212026119.104192026124
XLUState Street Utilities Select Sector SPDR ETF-9.8%42.77821202647.403012026173
SMHVanEck Semiconductor ETF-16.2%560.428212026668.91622202660
SOXXiShares Semiconductor ETF-20.6%520.058212026655.01622202660
ITAiShares U.S. Aerospace & Defense ETF-6.3%237.348212026253.2281620265
MISLFirst Trust Indxx Aerospace & Defense ETF-10.1%45.53821202650.663022026172
RINGiShares MSCI Global Gold Miners ETF-8.6%90.85821202699.423012026173
SOXQInvesco PHLX Semiconductor ETF-19.7%92.428212026115.11622202660
TLTiShares 20+ Year Treasury Bond ETF-8.0%82.05821202689.153012026173
VGLTVanguard Long-Term Treasury ETF-6.7%52.75821202656.533012026173
SPTLState Street SPDR Portfolio Long Term Treasury ETF-7.1%25.09821202626.993012026173
TLHiShares 10-20 Year Treasury Bond ETF-6.2%96.698212026103.083012026173
EDVVanguard World Funds Extended Duration ETF-11.7%59.51821202667.423012026173
SPLBState Street SPDR Portfolio Long Term Corporate Bond ETF-5.3%21.33821202622.522262026176
GSGiShares GSCI Commodity-5.8%30.01821202631.853182026156
GLDSPDR Gold Trust-13.6%423.368212026490.003022026172
IAUiShares Gold Trust-13.5%86.798212026100.383022026172
GLDMSPDR Gold MiniShares Trust-13.5%91.328212026105.543022026172
SGOLETFS Physical Swiss Gold Shares-12.1%44.66821202650.813022026172
BARDirexion Daily Gold Bull 3X Shares-15.6%44.34821202652.533022026172
SLViShares Silver Trust-26.2%62.72821202684.993012026173
SIVRETFS Physical Silver Shares Trust ETF-6.6%83.39821202689.263012026173
PPLTETFS Physical Platinum Shares-20.7%17.02821202621.473012026173
CPERUnited States Copper Index Fund ETV-9.6%33.33821202636.883012026173
PALLETFS Physical Palladium Shares-24.9%24.45821202632.542242026178
USOUnited States Oil Fund LP-12.0%134.648212026152.96519202694
UNGUnited States Natural Gas Fund LP-23.4%9.99821202613.043122026162
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85821202660.135042026109
IBITiShares Bitcoin Trust ETF-6.0%43.68821202646.475112026102
FBTCFidelity Wise Origin Bitcoin Fund-6.1%67.02821202671.355112026102

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-08-21

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$53.1B), followed by Bond (+$17.1B), while Real Estate (−$135M) saw the largest outflows.
  • Within the mix, money rotated into US Nasdaq Growth (+$20.0B) and out of Industry Subsector (−$3.2B).
  • Relative to fund size, CNEQ drew the largest inflow (+88.9% of AUM) and FTXL the largest outflow (−69.6%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$16.16B+3.4%
2VOOVanguard S&P 500 ETFEquity US Large Cap Core+$15.84B+1.5%
3GLDSPDR Gold SharesCommodity Gold+$5.8B+4.2%
4SGOViShares 0-3 Month Treasury Bond ETFCash+$5.8B+5.7%
5SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$5.56B+3.3%
6TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$5.25B+12.3%
7VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$4.36B+0.6%
8SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core+$4.14B+0.5%
9SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$4.06B+3.8%
10QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$3.86B+3.8%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$16.29B-1.8%
2IEFiShares 7-10 Year Treasury Bond ETFBond Intermediate Treasury-$4.27B-9.1%
3XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$1.79B-3.1%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$1.59B-4.8%
5IWMiShares Russell 2000 ETFEquity US Small Cap Core-$1.44B-1.8%
6SOXXiShares Semiconductor ETFEquity Industry Subsector-$1.4B-3.2%
7SMHVanEck Semiconductor ETFEquity Industry Subsector-$1.39B-2.0%
8MTUMiShares MSCI USA Momentum Factor ETFEquity Factor Smart Beta-$1.07B-4.2%
9XLVState Street Health Care Select Sector SPDR ETFEquity Broad Sector-$971M-2.3%
10FTXLFirst Trust Nasdaq Semiconductor ETFOther-$932M-69.6%

Largest ETF fund flows across ~2622 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About IYR

0Holdings Count: 61
Expense Ratio: 0.37%
Inception Date: 2000-06-12
iShares U.S. Real Estate ETF
This iShares fund is designed to replicate the investment performance of a specific benchmark. This benchmark is comprised exclusively of stocks from U.S. companies operating within the real estate industry.
Asset Class: Real Estate (Listed/REITs) | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

IYRVNQXLRESCHHREETUSRTMedian
NameiShares U..Vanguard R.State Stre.Schwab U.S.iShares Gl.iShares Co. 
Asset ClassReal EstateReal EstateReal EstateReal EstateReal EstateReal Estate-
AUM ($ Bil)4.773.18.711.45.14.76.9
Expense Ratio0.37%0.13%0.08%0.07%0.14%0.08%0.10%
10-D Avg Volume (Mil)5.523.145.115.832.460.494.13
Latest Day Volume (Mil)4.562.414.454.382.680.313.53
Holdings Count6115831121318124122
Inception Date6/12/20009/23/200410/7/20151/13/20117/8/20145/1/2007-

Fundamentals

IYRVNQXLRESCHHREETUSRTMedian
NameiShares U..Vanguard R.State Stre.Schwab U.S.iShares Gl.iShares Co. 
Net Asset Value105.0898.8145.1224.1128.1667.34-
Premium/Discount-0.3%-0.3%-0.1%-0.3%-0.5%-0.3%-0.3%
Distribution Yield2.2%3.5%3.1%2.7%3.3%2.5%2.9%
Sales Yield--16.4%14.0%--15.2%
Earnings Yield--2.8%2.9%--2.8%

Valuation

IYRVNQXLRESCHHREETUSRTMedian
NameiShares U..Vanguard R.State Stre.Schwab U.S.iShares Gl.iShares Co. 
P/S (TTM)--6.1x7.1x--6.6x
P/E (TTM)--35.8x34.6x--35.2x
P/FCF (TTM)--27.2x22.5x--24.9x
Forward P/E--35.7x37.8x--36.8x
Forward P/S--5.6x6.8x--6.2x

Risk

IYRVNQXLRESCHHREETUSRTMedian
NameiShares U..Vanguard R.State Stre.Schwab U.S.iShares Gl.iShares Co. 
Volatility (1Y)13.9%13.8%14.0%13.8%12.4%13.7%13.8%
Volatility (3Y)16.8%16.8%16.9%16.7%15.3%17.0%16.8%
Volatility (5Y)18.8%18.9%19.2%18.8%16.9%18.9%18.8%
Beta (1Y)0.310.320.290.260.360.280.30
Beta (3Y)0.570.580.550.540.570.590.57
Beta (5Y)0.720.730.710.700.670.720.71
Sharpe Ratio (1Y)0.790.940.781.111.161.391.03
Sharpe Ratio (3Y)0.670.710.690.730.770.820.72
Sharpe Ratio (5Y)0.200.210.220.240.220.340.22
Max Drawdown (1Y)-8.5%-8.3%-8.3%-8.3%-9.0%-8.0%-8.3%
Max Drawdown (3Y)-16.9%-17.5%-16.6%-17.8%-18.0%-18.7%-17.6%
Max Drawdown (5Y)-33.7%-34.5%-34.1%-33.3%-32.1%-31.0%-33.5%

Returns

IYRVNQXLRESCHHREETUSRTMedian
NameiShares U..Vanguard R.State Stre.Schwab U.S.iShares Gl.iShares Co. 
1M Return0.0%-0.2%0.3%-1.2%-1.3%-1.8%-0.7%
3M Return2.1%2.8%1.3%1.6%2.1%2.7%2.1%
6M Return4.5%5.9%4.2%5.9%4.1%7.8%5.2%
YTD Return11.9%13.5%12.5%15.7%12.9%18.2%13.2%
1Y Return10.6%12.8%10.5%15.5%14.7%20.0%13.7%
2Y Return14.2%16.4%14.2%16.7%19.3%21.9%16.5%
3Y Return34.8%37.2%36.2%38.8%37.5%45.3%37.3%

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity9.7 Mil
Short Interest: % Change Since 7152026-13.8%
Average Daily Volume5.2 Mil
Days-to-Cover Short Interest1.9 days