IYR vs SPY
Comparison between ISHARES U.S. REAL ESTATE ETF (IYR, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IYR, delivering a return of +13.0% compared to +2.2%
IYR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IYR
$4.70B
Winner
SPY
$781B
Expense Ratio
IYR
0.38%
Winner
SPY
0.09%
Max Drawdown
IYR
76.51%
Winner
SPY
56.47%
Sharpe Ratio
IYR
0.55
Winner
SPY
1.34
5Y Beta
Winner
IYR
0.49
SPY
1.00
P/E Ratio
IYR
31.60
Winner
SPY
28.84
Forward P/E
IYR
29.71
Winner
SPY
21.59
PEG Ratio
IYR
0.36
SPY
N/A
5Y Dividends CAGR
IYR
1.32%
Winner
SPY
6.00%
5Y EPS CAGR
IYR
7.79%
Winner
SPY
25.26%
Debt to Equity
IYR
36.43%
Winner
SPY
31.47%
P/S Ratio
IYR
5.80
Winner
SPY
3.85
P/B Ratio
Winner
IYR
2.73
SPY
5.70
IYR vs SPY - Holdings Comparison
IYR and SPY have 32 common holdings. Overlap is 1.86%
IYR's top 25 holdings weight is 75.78%. SPY's top 25 holdings weight is 51.08%.
| Rank | IYR | SPY |
|---|---|---|
| #1 | WELLTOWER INC (WELL) - 11.07% | NVIDIA CORP (NVDA) - 7.50% |
| #2 | PROLOGIS INC (PLD) - 9.01% | APPLE INC (AAPL) - 6.58% |
| #3 | SIMON PROPERTY GROUP INC (SPG) - 4.63% | MICROSOFT CORP (MSFT) - 4.29% |
| #4 | DIGITAL REALTY TRUST INC (DLR) - 4.50% | AMAZON.COM INC (AMZN) - 3.61% |
| #5 | EQUINIX INC (EQIX) - 4.40% | ALPHABET INC CLASS A (GOOGL) - 3.24% |
| #6 | REALTY INCOME CORP (O) - 4.32% | BROADCOM INC (AVGO) - 2.77% |
| #7 | AMERICAN TOWER CORP (AMT) - 3.86% | ALPHABET INC CLASS C (GOOG) - 2.58% |
| #8 | PUBLIC STORAGE (PSA) - 3.72% | MICRON TECHNOLOGY INC (MU) - 2.01% |
| #9 | VENTAS INC (VTR) - 3.29% | META PLATFORMS INC CLASS A (META) - 1.91% |
| #10 | CBRE GROUP INC CLASS A (CBRE) - 3.00% | TESLA INC (TSLA) - 1.83% |
| #11 | IRON MOUNTAIN INC (IRM) - 2.52% | ADVANCED MICRO DEVICES INC (AMD) - 1.47% |
| #12 | CROWN CASTLE INC (CCI) - 2.46% | ELI LILLY AND CO (LLY) - 1.47% |
| #13 | EXTRA SPACE STORAGE INC (EXR) - 2.23% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.42% |
| #14 | VICI PROPERTIES INC ORDINARY SHARES (VICI) - 2.09% | JPMORGAN CHASE & CO (JPM) - 1.36% |
| #15 | AVALONBAY COMMUNITIES INC (AVB) - 1.93% | INTEL CORP (INTC) - 1.02% |
| #16 | EQUITY RESIDENTIAL (EQR) - 1.71% | JOHNSON & JOHNSON (JNJ) - 0.95% |
| #17 | SBA COMMUNICATIONS CORP CLASS A (SBAC) - 1.42% | APPLIED MATERIALS INC (AMAT) - 0.89% |
| #18 | ESSEX PROPERTY TRUST INC (ESS) - 1.37% | VISA INC CLASS A (V) - 0.88% |
| #19 | KIMCO REALTY CORP (KIM) - 1.23% | EXXON MOBIL CORP (XOM) - 0.88% |
| #20 | ANNALY CAPITAL MANAGEMENT INC (NLY) - 1.21% | LAM RESEARCH CORP (LRCX) - 0.84% |
| #21 | INVITATION HOMES INC (INVH) - 1.19% | WALMART INC (WMT) - 0.77% |
| #22 | WEYERHAEUSER CO (WY) - 1.19% | CATERPILLAR INC (CAT) - 0.76% |
| #23 | MID-AMERICA APARTMENT COMMUNITIES INC (MAA) - 1.18% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #24 | W.P. CAREY INC (WPC) - 1.15% | ABBVIE INC (ABBV) - 0.69% |
| #25 | JONES LANG LASALLE INC (JLL) - 1.10% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| Total Holdings | 64 | 502 |
IYR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IYR
+0.49%
SPY
-0.14%
3M
IYR
+3.67%
Winner
SPY
+8.54%
6M
IYR
+8.35%
Winner
SPY
+9.48%
1Y
IYR
+10.38%
Winner
SPY
+21.66%
5Y(CAGR)
IYR
+2.23%
Winner
SPY
+13.03%
10Y(CAGR)
IYR
+5.21%
Winner
SPY
+15.12%
Max(CAGR)
IYR
+8.45%
Winner
SPY
+8.52%
IYR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IYR | SPY |
|---|---|---|
| 2026 | +11.07% | +10.64% |
| 2025 | +4.26% | +18.00% |
| 2024 | +3.50% | +25.59% |
| 2023 | +11.73% | +26.72% |
| 2022 | -24.93% | -18.64% |
| 2021 | +43.60% | +30.52% |
| 2020 | -4.21% | +17.28% |
| 2019 | +31.02% | +31.09% |
| 2018 | -3.81% | -5.24% |
| 2017 | +8.90% | +20.78% |
| 2016 | +8.08% | +13.59% |
| 2015 | +0.39% | +1.31% |
| 2014 | +26.89% | +14.56% |
| 2013 | -0.46% | +29.00% |
| 2012 | +17.48% | +14.17% |
| 2011 | +3.90% | +0.85% |
| 2010 | +26.88% | +13.14% |
| 2009 | +34.13% | +22.67% |
| 2008 | -39.37% | -36.25% |
| 2007 | -18.62% | +5.32% |
| 2006 | +31.33% | +13.85% |
| 2005 | +10.31% | +5.32% |
| 2004 | +30.53% | +10.75% |
| 2003 | +35.37% | +24.18% |
| 2002 | +2.87% | -22.42% |
| 2001 | +11.51% | -10.13% |
| 2000 | +12.29% | -8.84% |
| 1999 | N/A | +8.61% |
IYR vs SPY Drawdown Comparison
The maximum drawdown for IYR was -74.11%, occurring on Mar 6, 2009. Recovery took 1553 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IYR drawdown is -1.00%. The current SPY drawdown is -0.77%.
| Rank | IYR | SPY |
|---|---|---|
| #1 | -74.11% Feb 7, 2007 - Apr 10, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -42.32% Feb 14, 2020 - Apr 20, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -33.72% Dec 31, 2021 - Jun 12, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.84% Apr 1, 2004 - Aug 31, 2004 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.54% May 21, 2013 - Jun 5, 2014 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -18.38% Apr 12, 2002 - May 20, 2003 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.09% Jan 26, 2015 - May 6, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.25% Aug 1, 2016 - Sep 11, 2017 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.93% Aug 21, 2001 - Mar 4, 2002 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -12.64% Dec 6, 2018 - Jan 30, 2019 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -12.50% Aug 2, 2005 - Jan 6, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.49% Dec 18, 2017 - Jun 29, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.61% Mar 17, 2006 - Jul 19, 2006 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.01% Dec 30, 2004 - May 18, 2005 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.39% Aug 20, 2018 - Dec 6, 2018 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IYR and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (1999 - 2026)
IYR vs SPY dividend yield comparison.
| Year | IYR | SPY |
|---|---|---|
| 2026 | 0.76% | 0.49% |
| 2025 | 2.48% | 1.07% |
| 2024 | 2.57% | 1.21% |
| 2023 | 2.75% | 1.40% |
| 2022 | 2.92% | 1.65% |
| 2021 | 2.06% | 1.20% |
| 2020 | 2.58% | 1.52% |
| 2019 | 3.05% | 1.75% |
| 2018 | 3.53% | 2.04% |
| 2017 | 3.73% | 1.80% |
| 2016 | 4.41% | 2.03% |
| 2015 | 3.92% | 2.06% |
| 2014 | 3.66% | 1.87% |
| 2013 | 3.78% | 1.81% |
| 2012 | 3.71% | 2.18% |
| 2011 | 3.83% | 2.05% |
| 2010 | 3.52% | 1.80% |
| 2009 | 4.21% | 1.95% |
| 2008 | 8.26% | 3.02% |
| 2007 | 4.40% | 1.85% |
| 2006 | 3.46% | 1.73% |
| 2005 | 4.38% | 1.73% |
| 2004 | 4.23% | 1.82% |
| 2003 | 4.70% | 1.47% |
| 2002 | 6.95% | 1.70% |
| 2001 | 5.01% | 1.25% |
| 2000 | 3.37% | 1.15% |
| 1999 | 0.00% | 0.24% |
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