iShares Core U.S. REIT ETF (USRT)


Market Price (8/22/2026): $67.15

iShares Core U.S. REIT ETF (USRT)


Market Price (8/22/2026): $67.15

Key Takeaways

  • USRT has returned +18.2% YTD vs +12.6% for SPY; +20.4% over the past 12 months (SPY +21.5%). details →
  • Priced in gold, USRT has returned -40.2% over the past 3 years, vs +46.8% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, USRT has seen net inflows of +$92M (+2.0% of assets). details →
  • Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.5 vs 0.9. details →
  • USRT's +18.2% YTD is ahead of its typical pace — it averaged +5.2% at this point (August 21) over the past 5 years. details →
Last updated: 8/21/2026.

Price Chart

Asset Allocation with USRT

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.9%
Volatility
10.9%
Sharpe
0.83
YTD
+9.5%
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.

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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 USRT

Total Weights
Top 5: 31.5% | Top 10: 49.1% | Top 20: 65.1%

HoldingETF Weight
95040Q104WELLTOWER8.78%
74340W103PROLOGIS REIT7.39%
29444U700EQUINIX REIT6.41%
253868103DIGITAL REALTY TRUST REIT4.51%
828806109SIMON PROPERTY GROUP REIT INC4.40%
756109104REALTY INCOME REIT4.16%
74460D109PUBLIC STORAGE REIT4.09%
92276F100VENTAS REIT3.66%
46284V101IRON MOUNTAIN INC3.16%
30225T102EXTRA SPACE STORAGE REIT2.56%
925652109VICI PPTYS INC2.36%
053484101AVALONBAY COMMUNITIES REIT2.11%
29476L107EQUITY RESIDENTIAL REIT2.03%
297178105ESSEX PROPERTY TRUST REIT1.52%
46187W107INVITATION HOMES1.48%
49446R109KIMCO REALTY REIT CORP1.33%
92936U109W. P. CAREY REIT INC1.31%
44107P104HOST HOTELS & RESORTS REIT1.28%
59522J103MID AMERICA APARTMENT COMMUNITIES1.27%
866674104SUN COMMUNITIES REIT INC1.24%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
USRT Return43%-24%14%9%2%18%62%
Peers Return40%-25%12%4%4%13%43%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
USRT Win Rate83%33%50%67%50%75% 
Peers Win Rate78%33%50%67%62%68% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
USRT Max Drawdown-7%-31%-20%-10%-16%-8% 
Peers Max Drawdown-8%-32%-21%-11%-14%-9% 
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, IYR, REET.
[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
USRT1.190.490.16
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

EventUSRTS&P 500
2025 US Tariff Shock
  % Loss-14.2%-18.8%
  % Gain to Breakeven16.6%23.1%
  Time to Breakeven143 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-16.6%-9.5%
  % Gain to Breakeven19.8%10.5%
  Time to Breakeven47 days24 days
2023 SVB Regional Banking Crisis
  % Loss-14.6%-6.7%
  % Gain to Breakeven17.1%7.1%
  Time to Breakeven265 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-30.7%-24.5%
  % Gain to Breakeven44.2%32.4%
  Time to Breakeven700 days427 days
2020 COVID-19 Crash
  % Loss-43.3%-33.7%
  % Gain to Breakeven76.5%50.9%
  Time to Breakeven388 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-10.7%-3.7%
  % Gain to Breakeven12.0%3.9%
  Time to Breakeven109 days6 days

Compare to VNQ, XLRE, SCHH, IYR, REET

In The Past

iShares Core U.S. REIT ETF's stock fell -14.2% during the 2025 US Tariff Shock. Such a loss loss requires a 16.6% 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.

EventUSRTS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-30.7%-24.5%
  % Gain to Breakeven44.2%32.4%
  Time to Breakeven700 days427 days
2020 COVID-19 Crash
  % Loss-43.3%-33.7%
  % Gain to Breakeven76.5%50.9%
  Time to Breakeven388 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.6%-17.9%
  % Gain to Breakeven27.5%21.8%
  Time to Breakeven123 days123 days
2008-2009 Global Financial Crisis
  % Loss-63.8%-53.4%
  % Gain to Breakeven176.3%114.4%
  Time to Breakeven690 days1085 days

Compare to VNQ, XLRE, SCHH, IYR, REET

In The Past

iShares Core U.S. REIT ETF's stock fell -14.2% during the 2025 US Tariff Shock. Such a loss loss requires a 16.6% 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.

USRT 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 USRT

0Holdings Count: 124
Expense Ratio: 0.08%
Inception Date: 2007-05-01
iShares Core U.S. REIT ETF
The iShares Core U.S. REIT ETF is designed to mirror the financial performance of an underlying index, an index consisting exclusively of American real estate stocks.
Asset Class: Real Estate (Listed/REITs) | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

USRTVNQXLRESCHHIYRREETMedian
NameiShares Co.Vanguard R.State Stre.Schwab U.S.iShares U..iShares Gl. 
Asset ClassReal EstateReal EstateReal EstateReal EstateReal EstateReal Estate-
AUM ($ Bil)4.773.18.711.44.75.16.9
Expense Ratio0.08%0.13%0.08%0.07%0.37%0.14%0.10%
10-D Avg Volume (Mil)0.493.145.115.835.522.464.13
Latest Day Volume (Mil)0.312.414.454.384.562.683.53
Holdings Count1241583112161318122
Inception Date5/1/20079/23/200410/7/20151/13/20116/12/20007/8/2014-

Fundamentals

USRTVNQXLRESCHHIYRREETMedian
NameiShares Co.Vanguard R.State Stre.Schwab U.S.iShares U..iShares Gl. 
Net Asset Value67.3498.8145.1224.11105.0828.16-
Premium/Discount-0.3%-0.3%-0.1%-0.3%-0.3%-0.5%-0.3%
Distribution Yield2.5%3.5%3.1%2.7%2.2%3.3%2.9%
Sales Yield--16.4%14.0%--15.2%
Earnings Yield--2.8%2.9%--2.8%

Valuation

USRTVNQXLRESCHHIYRREETMedian
NameiShares Co.Vanguard R.State Stre.Schwab U.S.iShares U..iShares Gl. 
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

USRTVNQXLRESCHHIYRREETMedian
NameiShares Co.Vanguard R.State Stre.Schwab U.S.iShares U..iShares Gl. 
Volatility (1Y)13.7%13.8%14.0%13.8%13.9%12.4%13.8%
Volatility (3Y)17.0%16.8%16.9%16.7%16.8%15.3%16.8%
Volatility (5Y)18.9%18.9%19.2%18.8%18.8%16.9%18.8%
Beta (1Y)0.280.320.290.260.310.360.30
Beta (3Y)0.590.580.550.540.570.570.57
Beta (5Y)0.720.730.710.700.720.670.71
Sharpe Ratio (1Y)1.390.940.781.110.791.161.03
Sharpe Ratio (3Y)0.820.710.690.730.670.770.72
Sharpe Ratio (5Y)0.340.210.220.240.200.220.22
Max Drawdown (1Y)-8.0%-8.3%-8.3%-8.3%-8.5%-9.0%-8.3%
Max Drawdown (3Y)-18.7%-17.5%-16.6%-17.8%-16.9%-18.0%-17.6%
Max Drawdown (5Y)-31.0%-34.5%-34.1%-33.3%-33.7%-32.1%-33.5%

Returns

USRTVNQXLRESCHHIYRREETMedian
NameiShares Co.Vanguard R.State Stre.Schwab U.S.iShares U..iShares Gl. 
1M Return-1.8%-0.2%0.3%-1.2%0.0%-1.3%-0.7%
3M Return2.7%2.8%1.3%1.6%2.1%2.1%2.1%
6M Return7.8%5.9%4.2%5.9%4.5%4.1%5.2%
YTD Return18.2%13.5%12.5%15.7%11.9%12.9%13.2%
1Y Return20.0%12.8%10.5%15.5%10.6%14.7%13.7%
2Y Return21.9%16.4%14.2%16.7%14.2%19.3%16.5%
3Y Return45.3%37.2%36.2%38.8%34.8%37.5%37.3%

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 7152026-17.2%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest1