USRT vs MSLC

Comparison between ISHARES CORE U.S. REIT ETF (USRT, ETF) and MORGAN STANLEY PATHWAY LARGE CAP EQUITY ETF (MSLC, ETF).

USRT vs MSLC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	USRT(ETF)	MSLC(ETF)
Net Assets	$3.80B	$3.80B
Expense Ratio	0.08%	0.39%
Max Drawdown	72.93%	17.86%
Sharpe Ratio	1.05	1.69
5Y Beta	0.56	0.93
P/E Ratio	34.12	27.45
Forward P/E	34.85	21.10
5Y Dividends CAGR	5.36%	N/A
5Y EPS CAGR	8.96%	25.30%
Debt to Equity	35.76%	N/A
P/S Ratio	6.97	3.03
P/B Ratio	2.31	5.04

Net Assets

USRT

$3.80B

MSLC

$3.80B

Expense Ratio

Winner

USRT

0.08%

MSLC

0.39%

Max Drawdown

USRT

72.93%

Winner

MSLC

17.86%

Sharpe Ratio

USRT

1.05

Winner

MSLC

1.69

5Y Beta

Winner

USRT

0.56

MSLC

0.93

P/E Ratio

USRT

34.12

Winner

MSLC

27.45

Forward P/E

USRT

34.85

Winner

MSLC

21.10

5Y Dividends CAGR

USRT

5.36%

MSLC

N/A

5Y EPS CAGR

USRT

8.96%

Winner

MSLC

25.30%

Debt to Equity

USRT

35.76%

MSLC

N/A

P/S Ratio

USRT

6.97

Winner

MSLC

3.03

P/B Ratio

Winner

USRT

2.31

MSLC

5.04

USRT vs MSLC - Holdings Comparison

USRT and MSLC have 51 common holdings. Overlap is 1.52%

USRT's top 25 holdings weight is 70.68%. MSLC's top 25 holdings weight is 47.52%.

Rank	USRT	MSLC
#1	WELLTOWER INC (WELL) - 8.22%	NVIDIA CORP (NVDA) - 6.63%
#2	PROLOGIS INC (PLD) - 7.45%	MICROSOFT CORP (MSFT) - 5.02%
#3	EQUINIX INC (EQIX) - 6.43%	AMAZON.COM INC (AMZN) - 4.57%
#4	DIGITAL REALTY TRUST INC (DLR) - 4.38%	APPLE INC (AAPL) - 4.41%
#5	SIMON PROPERTY GROUP INC (SPG) - 4.38%	ALPHABET INC CLASS A (GOOGL) - 3.18%
#6	REALTY INCOME CORP (O) - 4.15%	BROADCOM INC (AVGO) - 2.76%
#7	PUBLIC STORAGE (PSA) - 3.92%	META PLATFORMS INC CLASS A (META) - 2.63%
#8	VENTAS INC (VTR) - 3.51%	ALPHABET INC CLASS C (GOOG) - 2.03%
#9	IRON MOUNTAIN INC (IRM) - 3.34%	US DOLLARS (n/a) - 1.66%
#10	VICI PROPERTIES INC ORDINARY SHARES (VICI) - 2.65%	JPMORGAN CHASE & CO (JPM) - 1.50%
#11	EXTRA SPACE STORAGE INC (EXR) - 2.55%	TESLA INC (TSLA) - 1.25%
#12	AVALONBAY COMMUNITIES INC (AVB) - 2.28%	VISA INC CLASS A (V) - 1.21%
#13	EQUITY RESIDENTIAL (EQR) - 2.17%	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.17%
#14	INVITATION HOMES INC (INVH) - 1.52%	NETFLIX INC (NFLX) - 1.11%
#15	ESSEX PROPERTY TRUST INC (ESS) - 1.47%	EXXON MOBIL CORP (XOM) - 1.04%
#16	W.P. CAREY INC (WPC) - 1.37%	MICRON TECHNOLOGY INC (MU) - 0.92%
#17	KIMCO REALTY CORP (KIM) - 1.36%	MASTERCARD INC CLASS A (MA) - 0.87%
#18	SUN COMMUNITIES INC (SUI) - 1.33%	RTX CORP (RTX) - 0.77%
#19	MID-AMERICA APARTMENT COMMUNITIES INC (MAA) - 1.31%	LINDE PLC (LIN) - 0.75%
#20	HOST HOTELS & RESORTS INC (HST) - 1.26%	ELI LILLY AND CO (LLY) - 0.75%
#21	REGENCY CENTERS CORP (REG) - 1.23%	n/a (BN) - 0.72%
#22	OMEGA HEALTHCARE INVESTORS INC (OHI) - 1.18%	BANK OF AMERICA CORP (BAC) - 0.71%
#23	GAMING AND LEISURE PROPERTIES INC (GLPI) - 1.12%	CISCO SYSTEMS INC (CSCO) - 0.68%
#24	UDR INC (UDR) - 1.06%	MERCK & CO INC (MRK) - 0.59%
#25	EQUITY LIFESTYLE PROPERTIES INC (ELS) - 1.04%	JOHNSON & JOHNSON (JNJ) - 0.59%
Total Holdings	130	987

USRT vs MSLC - Historical Returns

Returns include dividend reinvestment.

Period	USRT	MSLC
1 month	+4.66%	+6.09%
3 months	+6.31%	+7.13%
6 months	+13.52%	+6.51%
1 year	+17.32%	+22.94%
5 years(CAGR)	+6.88%	N/A
10 years(CAGR)	+6.30%	N/A
Max(CAGR)	+5.40%	+13.17%

USRT

+4.66%

Winner

MSLC

+6.09%

USRT

+6.31%

Winner

MSLC

+7.13%

Winner

USRT

+13.52%

MSLC

+6.51%

USRT

+17.32%

Winner

MSLC

+22.94%

5Y(CAGR)

USRT

+6.88%

MSLC

N/A

10Y(CAGR)

USRT

+6.30%

MSLC

N/A

Max(CAGR)

USRT

+5.40%

Winner

MSLC

+13.17%

USRT vs MSLC - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	USRT	MSLC
2026	+14.62%	+6.36%
2025	+3.39%	+15.85%
2024	+7.56%	-3.29%
2023	+14.00%	N/A
2022	-24.01%	N/A
2021	+48.36%	N/A
2020	-6.52%	N/A
2019	+28.98%	N/A
2018	-4.39%	N/A
2017	+4.73%	N/A
2016	+9.79%	N/A
2015	+3.17%	N/A
2014	+29.43%	N/A
2013	-2.53%	N/A
2012	+16.51%	N/A
2011	+7.48%	N/A
2010	+27.25%	N/A
2009	+30.21%	N/A
2008	-37.20%	N/A
2007	-18.58%	N/A

USRT vs MSLC Drawdown Comparison

The maximum drawdown for USRT was -69.91%, occurring on Mar 6, 2009. Recovery took 1253 trading sessions.

The maximum drawdown for MSLC was -17.86%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.

The current USRT drawdown is -0.08%. The current MSLC drawdown is -0.11%.

Rank	USRT	MSLC
#1	-69.91% May 11, 2007 - May 1, 2012	-17.86% Feb 19, 2025 - Jun 26, 2025
#2	-44.38% Feb 21, 2020 - Apr 21, 2021	-9.31% Jan 12, 2026 - Apr 15, 2026
#3	-31.00% Dec 31, 2021 - Sep 16, 2024	-5.29% Oct 28, 2025 - Dec 11, 2025
#4	-18.70% Nov 27, 2024 - Feb 6, 2026	-4.51% Dec 11, 2024 - Jan 22, 2025
#5	-18.52% May 21, 2013 - Jul 18, 2014	-2.85% Oct 8, 2025 - Oct 24, 2025
#6	-15.79% Jan 26, 2015 - Mar 29, 2016	-2.51% Jul 25, 2025 - Aug 12, 2025
#7	-14.95% Aug 1, 2016 - Jul 6, 2018	-2.43% Dec 11, 2025 - Dec 23, 2025
#8	-13.10% Dec 6, 2018 - Jan 30, 2019	-1.57% Sep 22, 2025 - Oct 3, 2025
#9	-9.02% Sep 14, 2012 - Jan 15, 2013	-1.49% Jan 23, 2025 - Feb 18, 2025
#10	-8.19% Aug 28, 2018 - Dec 6, 2018	-1.43% Aug 14, 2025 - Aug 22, 2025
#11	-8.04% Mar 2, 2026 - Apr 16, 2026	-1.22% Aug 28, 2025 - Sep 8, 2025
#12	-7.40% May 1, 2012 - Jun 29, 2012	-1.12% Dec 26, 2025 - Jan 6, 2026
#13	-7.23% Sep 2, 2021 - Oct 26, 2021	-0.83% Jul 3, 2025 - Jul 17, 2025
#14	-6.81% Sep 5, 2014 - Oct 23, 2014	-0.80% Apr 17, 2026 - Apr 22, 2026
#15	-6.13% Oct 23, 2019 - Jan 21, 2020	-0.64% Apr 27, 2026 - Apr 30, 2026

Correlation

Correlation between USRT and MSLC is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2007 - 2026)

USRT vs MSLC dividend yield comparison.

Year	USRT	MSLC
2026	0.32%	0.00%
2025	3.07%	2.15%
2024	2.85%	0.00%
2023	3.18%	0.00%
2022	3.46%	0.00%
2021	2.27%	0.00%
2020	3.12%	0.00%
2019	3.34%	0.00%
2018	5.66%	0.00%
2017	3.43%	0.00%
2016	3.98%	0.00%
2015	3.59%	0.00%
2014	3.46%	0.00%
2013	3.84%	0.00%
2012	3.48%	0.00%
2011	3.95%	0.00%
2010	3.56%	0.00%
2009	3.52%	0.00%
2008	9.54%	0.00%
2007	3.51%	0.00%