IYR vs VNQ: Holdings Overlap
IYRiShares U.S. Real Estate ETF
iShares · 61 holdings · $4.5B · as of 2026-03-31
VNQVanguard Real Estate Index Fund
Vanguard · 146 holdings · $39.3B · as of 2026-04-30
Holdings snapshots are 30 days apart (IYR: 2026-03-31, VNQ: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are IYR and VNQ?
iShares U.S. Real Estate ETF (IYR, by iShares) holds 61 positions; Vanguard Real Estate Index Fund (VNQ, by Vanguard) holds 146. They have 57 holdings in common, and by portfolio weight the two funds are 73.9% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 73.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 57IYR holds 61 · VNQ holds 146
- Weight in Shared Holdings
- IYR 97%·VNQ 75%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
4 of 61 positions (3.0% of the fund) are not held by VNQ.
Only in VNQ
89 of 146 positions (24.7% of the fund) are not held by IYR. Showing the top 30 by weight.
Sector Breakdown
| Sector | IYR | VNQ |
|---|---|---|
| Real Estate | 95.9% | 99.3% |
| Financials | 3.0% | 0.0% |
| Communication Services | 0.6% | 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 |
|---|---|---|---|---|---|---|---|
| IYR | +0.2% | +12.4% | +12.0% | +9.2% | +2.1% | +5.3% | 2.16% |
| 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 IYR vs VNQ →
Shared Holdings(57)
The top 10 shared positions account for 56% of the overlap, led by WELL, PLD and EQIX.
 WELLWelltower Inc. COM | 9.96% | 7.84% | 7.84% |
|---|---|---|---|
 PLDPrologis Inc. COM | 9.18% | 7.00% | 7.00% |
 EQIXEquinix, Inc. COM | 4.69% | 5.64% | 4.69% |
 AMTAmerican Tower Corporation COM | 4.39% | 4.54% | 4.39% |
 DLRDigital Realty Trust Inc. COM | 4.63% | 3.66% | 3.66% |
 SPGSimon Property Group Inc COM | 4.58% | 3.53% | 3.53% |
 ORealty Income Corporation COM | 4.40% | 3.11% | 3.11% |
 PSAPublic Storage COM | 3.41% | 2.54% | 2.54% |
 CBRECBRE Group, Inc., Class A | 3.13% | 2.25% | 2.25% |
 VTRVentas Inc. COM | 3.09% | 2.19% | 2.19% |
 CCICrown Castle Inc. COM | 2.82% | 2.05% | 2.05% |
 IRMIron Mountain Inc. COM | 2.40% | 1.98% | 1.98% |
 EXRExtra Space Storage Inc. COM | 2.21% | 1.61% | 1.61% |
 VICIVICI Properties, Inc., Class A | 2.32% | 1.58% | 1.58% |
 AVBAvalonBay Communities, Inc. COM | 1.84% | 1.38% | 1.38% |
 EQREquity Residential SH BEN INT | 1.62% | 1.25% | 1.25% |
 SBACSBA Communications Corp., Class A | 1.46% | 1.25% | 1.25% |
 WYWeyerhaeuser Company COM NEW | 1.40% | 0.94% | 0.94% |
 ESSEssex Property Trust, Inc. COM | 1.24% | 0.90% | 0.90% |
 INVHInvitation Homes Inc. COM | 1.12% | 0.89% | 0.89% |
 KIMKimco Realty Corporation COM | 1.21% | 0.85% | 0.85% |
 WPCW. P. Carey Inc COM | 1.19% | 0.85% | 0.85% |
 SUISun Communities, Inc. COM | 1.17% | 0.84% | 0.84% |
 MAAMid-America Apartment Communities, Inc. COM | 1.14% | 0.80% | 0.80% |
 JLLJones Lang LaSalle Incorporated COM | 1.14% | 0.80% | 0.80% |
Frequently Asked Questions
How much do IYR and VNQ overlap?
IYR and VNQ overlap by 73.9% of portfolio weight. They share 57 holdings (IYR holds 61 positions and VNQ holds 146), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IYR and VNQ?
The two portfolios are 73.9% 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 IYR and VNQ?
The largest positions held by both funds are WELL, PLD, EQIX, AMT and DLR. Together the top 10 shared positions account for 56% of the total overlap.
What does IYR own that VNQ doesn't?
4 positions (3.0% of IYR) are unique to IYR, led by NLY, AGNC and STWD. In the other direction, 89 positions (24.7% of VNQ) are unique to VNQ.