IYR vs VBR: Holdings Overlap
IYRiShares U.S. Real Estate ETF
iShares · 61 holdings · $4.5B · as of 2026-03-31
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
How similar are IYR and VBR?
iShares U.S. Real Estate ETF (IYR, by iShares) holds 61 positions; Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838. They have 37 holdings in common, and by portfolio weight the two funds are 7.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 37IYR holds 61 · VBR holds 838
- Weight in Shared Holdings
- IYR 28%·VBR 8%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 IYR
24 of 61 positions (71.7% of the fund) are not held by VBR.
Sector Breakdown
| Sector | IYR | VBR |
|---|---|---|
| Real Estate | 95.9% | 9.1% |
| Industrials | 0.0% | 18.8% |
| Financials | 3.0% | 18.7% |
| Consumer Discretionary | 0.0% | 10.9% |
| Health Care | 0.0% | 8.4% |
| Other Sectors | 0.6% | 33.4% |
| Unclassified | 0.0% | 0.5% |
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. “Unclassified” is weight we could not classify (0% of IYR, 1% of VBR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IYR | +0.2% | +12.4% | +12.0% | +9.2% | +2.1% | +5.3% | 2.16% |
| VBR | +3.1% | +19.2% | +28.7% | +15.4% | +10.0% | +10.8% | 1.73% |
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 IYR vs VBR →
Shared Holdings(37)
The top 10 shared positions account for 43% of the overlap, led by WPC, KIM and NLY.
 WPCW. P. Carey Inc COM | 1.19% | 0.37% | 0.37% |
|---|---|---|---|
 KIMKimco Realty Corporation COM | 1.21% | 0.37% | 0.37% |
 NLYAnnaly Capital Management, Inc. COM NEW | 1.21% | 0.37% | 0.37% |
 MAAMid-America Apartment Communities, Inc. COM | 1.14% | 0.35% | 0.35% |
 JLLJones Lang LaSalle Incorporated COM | 1.14% | 0.35% | 0.35% |
 REGRegency Centers Corp. COM | 0.99% | 0.34% | 0.34% |
 OHIOmega Healthcare Investors, Inc. COM | 1.03% | 0.31% | 0.31% |
 GLPIGaming and Leisure Properties Inc COM | 1.00% | 0.29% | 0.29% |
 DOCHealthpeak Properties Inc COM | 0.91% | 0.28% | 0.28% |
 AGNCAgnc Investment Corp COM | 0.88% | 0.27% | 0.27% |
 CPTCamden Property Trust SH BEN INT | 0.80% | 0.24% | 0.24% |
 EGPEastgroup Properties, Inc. COM | 0.78% | 0.24% | 0.24% |
 FRTFederal Realty Investment Trust SH BEN INT NEW | 0.66% | 0.22% | 0.22% |
 AMHAmerican Homes 4 Rent, Class A | 0.72% | 0.22% | 0.22% |
 ADCAgree Realty Corporation | 0.72% | 0.22% | 0.22% |
 BRXBrixmor Property Group Inc COM | 0.70% | 0.21% | 0.21% |
 WYWeyerhaeuser Company COM NEW | 1.40% | 0.21% | 0.21% |
 CUBECubeSmart (Maryland) COM | 0.67% | 0.20% | 0.20% |
 BXPBXP Inc COM | 0.61% | 0.20% | 0.20% |
 AREAlexandria Real Estate Equities, Inc. COM | 0.58% | 0.19% | 0.19% |
 NNNNNN REIT Inc COM | 0.64% | 0.19% | 0.19% |
 ESSEssex Property Trust, Inc. COM | 1.24% | 0.19% | 0.19% |
 FRFirst Industrial Realty Trust, Inc. COM | 0.61% | 0.19% | 0.19% |
 INVHInvitation Homes Inc. COM | 1.12% | 0.17% | 0.17% |
 STAGSTAG Industrial, Inc. COM | 0.55% | 0.17% | 0.17% |
Frequently Asked Questions
How much do IYR and VBR overlap?
IYR and VBR overlap by 7.7% of portfolio weight. They share 37 holdings (IYR holds 61 positions and VBR holds 838), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IYR and VBR?
The two portfolios are 7.7% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of IYR and VBR?
The largest positions held by both funds are WPC, KIM, NLY, MAA and JLL. Together the top 10 shared positions account for 43% of the total overlap.
What does IYR own that VBR doesn't?
24 positions (71.7% of IYR) are unique to IYR, led by WELL, PLD and EQIX. In the other direction, 801 positions (92.2% of VBR) are unique to VBR.