ETF Evaluator:
iShares Core US REIT ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Real Estate Over the Last Year
| 46.1% | Global X Data Center & Dgtl Infrs ETF (DTCR) |
| 31.7% | Invesco KBW Premium Yield Eq REIT ETF (KBWY) |
| 25.7% | State Street® SPDR® Dow Jones® REIT ETF (RWR) |
| 25.5% | Janus Henderson US Real Estate ETF (JRE) |
| 25.3% | ALPS REIT Dividend Dogs ETF (RDOG) |
Risk
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Risk
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ETF Details
iShares Core US REIT ETF Overview
iShares Core US REIT ETF (USRT) is a passively managed Sector Equity Real Estate exchange-traded fund (ETF). iShares launched the ETF in 2007.
The investment seeks to track the investment results of the FTSE NAREIT Equity REITs Index composed of U.S. real estate equities.
The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The index measures the performance of U.S.-listed equity real estate investment trusts ("REITs"), excluding infrastructure REITs, mortgage REITs, and timber REITs.
About iShares Core US REIT ETF (USRT)
There are 4 members of the management team with an average tenure of 4.48 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and FTSE Nareit Eq REIT 40 Act Capped TR USD index with a weighting of 100%. iShares Core US REIT ETF has 128 securities in its portfolio. The top 10 holdings constitute 49.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares Core US REIT ETF is part of the Equity global asset class and is within the Sector Equity ETF group. iShares Core US REIT ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.9% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Core US REIT ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is above the $1 billion average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
USRT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Core US REIT ETF expense ratio is low compared to funds in the Real Estate category. iShares Core US REIT ETF has an expense ratio of 0.08%, which is 84% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Core US REIT ETF has a portfolio turnover rate of 12%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.
Recently, in the month of July 2026, iShares Core US REIT ETF returned 2.1%, which earned it a grade of C, as the Real Estate category had an average return of 1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Core US REIT ETF has a trailing yield of 2.51%, which is below the 4.13% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares Core US REIT ETF Grades
Year to date, the ETF has returned 20.2%, 5.5 percentage points better than the category, which translates into a grade of A. The fund has returned 24.6% over the past year (grade of A), 12.0% over the past three years (grade of A) and 5.2% per year over the past five years (grade of A) and 5.9% per year over the past 10 years (grade of A).
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USRT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| USRT Return (NAV) | 2.1% | 5.7% | 24.6% | 12.0% | 5.2% | 5.9% |
| USRT Return (Price) | 2.2% | 5.7% | 24.7% | 12.0% | 5.2% | 5.9% |
| NAV +/- Price Return | -0.069% | -0.001% | -0.124% | -0.024% | -0.018% | -0.006% |
| Real Estate Avg | 1.2% | 3.6% | 17.3% | 9.2% | 2.8% | 4.3% |
| USRT Grade (NAV) | C | B | A | A | A | A |
| +/- Category (NAV) | 0.9% | 2.1% | 7.3% | 2.7% | 2.4% | 1.6% |
| USRT Tax-Cost Ratio | na | na | 1.2% | 1.2% | 1.2% | 1.4% |
USRT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| USRT Return (NAV) | 20.2% | 2.5% | 8.6% | 13.6% | -24.4% | 43.1% | -8.0% | 25.9% | -4.6% | 5.2% | 8.1% |
| USRT Return (Price) | 20.3% | 2.5% | 8.6% | 13.7% | -24.4% | 43.2% | -8.1% | 26.0% | -4.6% | 5.3% | 7.2% |
| NAV +/- Price Ret | 0.002% | -0.020% | -0.001% | 0.004% | 0.000% | 0.003% | 0.012% | 0.3% | 1.4% | 2.3% | -11.0% |
| Real Estate Avg | 14.7% | 2.2% | 5.1% | 11.8% | -25.5% | 37.6% | -8.2% | 26.9% | -4.5% | 8.2% | 10.1% |
| USRT Grade (NAV) | A | C | A | B | A | B | D | C | D | C | B |
| +/- Category | 5.5% | 0.3% | 3.5% | 1.8% | 1.1% | 5.5% | 0.2% | -1.0% | -0.1% | -3.0% | -2.1% |
| Risk Measures | |
| Beta: | 0.98 |
| R-Squared: | 56% |
| Standard Deviation: | 16.5% |
| Category Risk Index: | 0.96 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.34 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 2.5% |
| Total Assets: | $ 4,661 Mil |
| Share Class Assets: | $ 4,661 Mil |
| Turnover: | 12.0% |
| Expense Ratio: | 0.08% |
| Index Fund: | Yes |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.9 years | |||
| Average Tenure: 4.5 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 128 |
| % in Top 10 Holdings: | 49.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | May 1, 2007 |
Expenses and Fees
| Expense Ratio (%): | 0.08% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.49% |
