VNQ vs USRT: Holdings Overlap
VNQVanguard Real Estate Index Fund
Vanguard · 146 holdings · $39.3B · as of 2026-04-30
USRTiShares Core U.S. REIT ETF
iShares · 127 holdings · $4.7B · as of 2026-04-30
How similar are VNQ and USRT?
Vanguard Real Estate Index Fund (VNQ, by Vanguard) holds 146 positions; iShares Core U.S. REIT ETF (USRT, by iShares) holds 127. They have 119 holdings in common, and by portfolio weight the two funds are 70.3% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 70.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 119VNQ holds 146 · USRT holds 127
- Weight in Shared Holdings
- VNQ 70%·USRT 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 VNQ
27 of 146 positions (29.4% of the fund) are not held by USRT.
Only in USRT
8 of 127 positions (0.2% of the fund) are not held by VNQ.
- Postal Realty Trust, Inc., Class A0.05%
- Industrial Logistics Properties Trust COM SHS BEN INT0.04%
- FrontView REIT, Inc.0.03%
- Alpine Income Property Trust, Inc.0.02%
- NexPoint Diversified Real Estate Trust COM NEW0.02%
NLOPNet Lease Office Properties COM0.02%
Sector Breakdown
| Sector | VNQ | USRT |
|---|---|---|
| Real Estate | 99.3% | 99.6% |
| Communication Services | 0.4% | 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 |
|---|---|---|---|---|---|---|---|
| VNQ | +0.0% | +13.4% | +13.9% | +9.7% | +2.2% | +4.9% | 3.53% |
| USRT | -0.4% | +19.4% | +22.9% | +12.1% | +5.0% | +6.0% | 2.53% |
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 VNQ vs USRT →
Shared Holdings(119)
The top 10 shared positions account for 56% of the overlap, led by WELL, PLD and EQIX.
 WELLWelltower Inc. COM | 7.84% | 8.31% | 7.84% |
|---|---|---|---|
 PLDPrologis Inc. COM | 7.00% | 7.52% | 7.00% |
 EQIXEquinix, Inc. COM | 5.64% | 6.44% | 5.64% |
 DLRDigital Realty Trust Inc. COM | 3.66% | 4.46% | 3.66% |
 SPGSimon Property Group Inc COM | 3.53% | 4.40% | 3.53% |
 ORealty Income Corporation COM | 3.11% | 4.18% | 3.11% |
 PSAPublic Storage COM | 2.54% | 3.96% | 2.54% |
 VTRVentas Inc. COM | 2.19% | 3.55% | 2.19% |
 IRMIron Mountain Inc. COM | 1.98% | 3.19% | 1.98% |
 EXRExtra Space Storage Inc. COM | 1.61% | 2.60% | 1.61% |
 VICIVICI Properties, Inc., Class A | 1.58% | 2.73% | 1.58% |
 AVBAvalonBay Communities, Inc. COM | 1.38% | 2.24% | 1.38% |
 EQREquity Residential SH BEN INT | 1.25% | 2.13% | 1.25% |
 ESSEssex Property Trust, Inc. COM | 0.90% | 1.45% | 0.90% |
 INVHInvitation Homes Inc. COM | 0.89% | 1.52% | 0.89% |
 KIMKimco Realty Corporation COM | 0.85% | 1.36% | 0.85% |
 WPCW. P. Carey Inc COM | 0.85% | 1.36% | 0.85% |
 SUISun Communities, Inc. COM | 0.84% | 1.35% | 0.84% |
 MAAMid-America Apartment Communities, Inc. COM | 0.80% | 1.30% | 0.80% |
 HSTHost Hotels & Resorts Inc COM | 0.77% | 1.25% | 0.77% |
 OHIOmega Healthcare Investors, Inc. COM | 0.74% | 1.19% | 0.74% |
 GLPIGaming and Leisure Properties Inc COM | 0.73% | 1.13% | 0.73% |
 REGRegency Centers Corp. COM | 0.72% | 1.21% | 0.72% |
 LAMRLamar Advertising Company Class A | 0.63% | 1.03% | 0.63% |
 ELSEquity Lifestyle Properties Inc COM | 0.62% | 1.05% | 0.62% |
Frequently Asked Questions
How much do VNQ and USRT overlap?
VNQ and USRT overlap by 70.3% of portfolio weight. They share 119 holdings (VNQ holds 146 positions and USRT holds 127), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VNQ and USRT?
The two portfolios are 70.3% 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 VNQ and USRT?
The largest positions held by both funds are WELL, PLD, EQIX, DLR and SPG. Together the top 10 shared positions account for 56% of the total overlap.
What does VNQ own that USRT doesn't?
27 positions (29.4% of VNQ) are unique to VNQ, led by VRTPX, AMT and CBRE. In the other direction, 8 positions (0.2% of USRT) are unique to USRT.