IYR vs XLRE: Holdings Overlap
IYRiShares U.S. Real Estate ETF
iShares · 61 holdings · $4.5B · as of 2026-03-31
XLREState Street® Real Estate Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $8.6B · as of 2026-08-06
Holdings snapshots are 128 days apart (IYR: 2026-03-31, XLRE: 2026-08-06). 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 XLRE?
iShares U.S. Real Estate ETF (IYR, by iShares) holds 61 positions; State Street® Real Estate Select Sector SPDR® ETF (XLRE, by State Street (SPDR)) holds 31. They have 31 holdings in common, and by portfolio weight the two funds are 79.5% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 79.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 31IYR holds 61 · XLRE holds 31
- Weight in Shared Holdings
- IYR 80%·XLRE 100%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
30 of 61 positions (19.6% of the fund) are not held by XLRE.
Only in XLRE
Every position in XLRE is also held by IYR, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | IYR | XLRE |
|---|---|---|
| Real Estate | 95.9% | 99.9% |
| Financials | 3.0% | 0.0% |
| Communication Services | 0.6% | 0.0% |
| 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% |
| XLRE | +0.2% | +13.2% | +11.9% | +9.9% | +2.6% | +6.4% | 3.12% |
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 XLRE →
Shared Holdings(31)
The top 10 shared positions account for 64% of the overlap, led by WELL, PLD and EQIX.
 WELLWelltower Inc. COM | 9.96% | 11.24% | 9.96% |
|---|---|---|---|
 PLDPrologis Inc. COM | 9.18% | 8.90% | 8.90% |
 EQIXEquinix, Inc. COM | 4.69% | 7.00% | 4.69% |
 DLRDigital Realty Trust Inc. COM | 4.63% | 5.02% | 4.63% |
 SPGSimon Property Group Inc COM | 4.58% | 4.85% | 4.58% |
 ORealty Income Corporation COM | 4.40% | 4.50% | 4.40% |
 AMTAmerican Tower Corporation COM | 4.39% | 5.38% | 4.39% |
 PSAPublic Storage COM | 3.41% | 4.80% | 3.41% |
 CBRECBRE Group, Inc., Class A | 3.13% | 4.39% | 3.13% |
 VTRVentas Inc. COM | 3.09% | 4.56% | 3.09% |
 CCICrown Castle Inc. COM | 2.82% | 3.33% | 2.82% |
 IRMIron Mountain Inc. COM | 2.40% | 3.69% | 2.40% |
 VICIVICI Properties, Inc., Class A | 2.32% | 2.95% | 2.32% |
 EXRExtra Space Storage Inc. COM | 2.21% | 3.21% | 2.21% |
 AVBAvalonBay Communities, Inc. COM | 1.84% | 2.64% | 1.84% |
 EQREquity Residential SH BEN INT | 1.62% | 2.31% | 1.62% |
 SBACSBA Communications Corp., Class A | 1.46% | 1.97% | 1.46% |
 WYWeyerhaeuser Company COM NEW | 1.40% | 1.87% | 1.40% |
 ESSEssex Property Trust, Inc. COM | 1.24% | 1.86% | 1.24% |
 CSGPCostar Group Inc COM | 1.36% | 1.23% | 1.23% |
 KIMKimco Realty Corporation COM | 1.21% | 1.68% | 1.21% |
 MAAMid-America Apartment Communities, Inc. COM | 1.14% | 1.58% | 1.14% |
 INVHInvitation Homes Inc. COM | 1.12% | 1.69% | 1.12% |
 REGRegency Centers Corp. COM | 0.99% | 1.29% | 0.99% |
 HSTHost Hotels & Resorts Inc COM | 0.98% | 1.51% | 0.98% |
Frequently Asked Questions
How much do IYR and XLRE overlap?
IYR and XLRE overlap by 79.5% of portfolio weight. They share 31 holdings (IYR holds 61 positions and XLRE holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IYR and XLRE?
The two portfolios are 79.5% 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 XLRE?
The largest positions held by both funds are WELL, PLD, EQIX, DLR and SPG. Together the top 10 shared positions account for 64% of the total overlap.
What does IYR own that XLRE doesn't?
30 positions (19.6% of IYR) are unique to IYR, led by NLY, WPC and SUI. In the other direction, 0 positions (0.0% of XLRE) are unique to XLRE.