ICF vs VNQ: Holdings Overlap
ICFiShares Select U.S. REIT ETF
iShares · 30 holdings · $2.1B · as of 2026-04-30
VNQVanguard Real Estate Index Fund
Vanguard · 146 holdings · $39.3B · as of 2026-04-30
How similar are ICF and VNQ?
iShares Select U.S. REIT ETF (ICF, by iShares) holds 30 positions; Vanguard Real Estate Index Fund (VNQ, by Vanguard) holds 146. They have 30 holdings in common, and by portfolio weight the two funds are 60.9% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 60.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 30ICF holds 30 · VNQ holds 146
- Weight in Shared Holdings
- ICF 100%·VNQ 61%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ICF
Every position in ICF is also held by VNQ, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | ICF | VNQ |
|---|---|---|
| Real Estate | 99.9% | 99.3% |
| Communication Services | 0.0% | 0.4% |
| Other Sectors | 0.0% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ICF | -0.2% | +16.2% | +16.7% | +10.4% | +2.6% | +5.2% | 2.42% |
| VNQ | +0.0% | +13.4% | +13.9% | +9.7% | +2.2% | +4.9% | 3.53% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ICF vs VNQ →
Shared Holdings(30)
The top 10 shared positions account for 69% of the overlap, led by WELL, PLD and EQIX.
 WELLWelltower Inc. COM | 8.19% | 7.84% | 7.84% |
|---|---|---|---|
 PLDPrologis Inc. COM | 7.66% | 7.00% | 7.00% |
 EQIXEquinix, Inc. COM | 9.33% | 5.64% | 5.64% |
 AMTAmerican Tower Corporation COM | 7.50% | 4.54% | 4.54% |
 DLRDigital Realty Trust Inc. COM | 4.87% | 3.66% | 3.66% |
 SPGSimon Property Group Inc COM | 5.83% | 3.53% | 3.53% |
 ORealty Income Corporation COM | 4.22% | 3.11% | 3.11% |
 PSAPublic Storage COM | 4.64% | 2.54% | 2.54% |
 VTRVentas Inc. COM | 4.08% | 2.19% | 2.19% |
 CCICrown Castle Inc. COM | 3.86% | 2.05% | 2.05% |
 IRMIron Mountain Inc. COM | 3.83% | 1.98% | 1.98% |
 EXRExtra Space Storage Inc. COM | 3.11% | 1.61% | 1.61% |
 VICIVICI Properties, Inc., Class A | 3.17% | 1.58% | 1.58% |
 AVBAvalonBay Communities, Inc. COM | 2.72% | 1.38% | 1.38% |
 EQREquity Residential SH BEN INT | 2.42% | 1.25% | 1.25% |
 SBACSBA Communications Corp., Class A | 2.59% | 1.25% | 1.25% |
 ESSEssex Property Trust, Inc. COM | 1.92% | 0.90% | 0.90% |
 INVHInvitation Homes Inc. COM | 1.89% | 0.89% | 0.89% |
 KIMKimco Realty Corporation COM | 1.87% | 0.85% | 0.85% |
 SUISun Communities, Inc. COM | 1.74% | 0.84% | 0.84% |
 MAAMid-America Apartment Communities, Inc. COM | 1.74% | 0.80% | 0.80% |
 HSTHost Hotels & Resorts Inc COM | 1.65% | 0.77% | 0.77% |
 REGRegency Centers Corp. COM | 1.57% | 0.72% | 0.72% |
 LAMRLamar Advertising Company Class A | 1.49% | 0.63% | 0.63% |
 ELSEquity Lifestyle Properties Inc COM | 1.49% | 0.62% | 0.62% |
Frequently Asked Questions
How much do ICF and VNQ overlap?
ICF and VNQ overlap by 60.9% of portfolio weight. They share 30 holdings (ICF holds 30 positions and VNQ holds 146), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ICF and VNQ?
The two portfolios are 60.9% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of ICF and VNQ?
The largest positions held by both funds are WELL, PLD, EQIX, AMT and DLR. Together the top 10 shared positions account for 69% of the total overlap.
What does ICF own that VNQ doesn't?
Nothing. Every position in ICF is also held by VNQ. In the other direction, 116 positions (38.9% of VNQ) are unique to VNQ.