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ETF comparison

REZ vs VNQ

Both Real Estate.

iShares Residential and Multisector Real Estate ETF · Vanguard Real Estate Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
28.6 %

34 positions appear in both funds. Buying equal dollars of REZ and VNQ would leave roughly 28.6% of each dollar exposed to the same underlying securities.

REZ unmatched 70.7% Shared 28.6% VNQ unmatched 71.1%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In REZ only
5 positions
Shared
34 positions
In VNQ only
107 positions

Side by side

REZ

iShares Residential and Multisector Real Estate ETF

iShares · Real Estate

48 composite / 100
Expense ratio
0.48%
Net assets
$790.8M
TTM yield
2.13%
Top-10 conc.
68.2%
VNQ

Vanguard Real Estate Index Fund ETF Shares

Vanguard · Real Estate

76 composite / 100
Expense ratio
0.13%
Net assets
$66.42B
whole fund, 4 share classes
TTM yield
3.68%
Top-10 conc.
54.9%

Sub-score comparison

52
Cost
87
59
Tax efficiency
56
52
Liquidity
100
17
Concentration
36
—
Tracking quality
—
REZ sub-score VNQ

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

VNQ is 35 bps cheaper than REZ. On a $100,000 position that's about $350/yr more in fees for REZ.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with REZ vs VNQ.

Top shared holdings

34 shared in total
# Holding In REZ In VNQ Overlap
1 WELLTOWER INC 23.52% 8.51% 8.51%
2 PUBLIC STORAGE 9.05% 2.83% 2.83%
3 VENTAS INC 7.74% 2.31% 2.31%
4 EXTRA SPACE STORAGE INC 5.48% 1.63% 1.63%
5 AVALONBAY COMMUNITIES INC 4.26% 1.34% 1.34%
6 EQUITY RESIDENTIAL 4.27% 1.17% 1.17%
7 ESSEX PROPERTY TRUST INC 3.83% 0.95% 0.95%
8 INVITATION HOMES INC 3.67% 0.83% 0.83%
9 MID-AMERICA APARTMENT COMMUNITIES INC 3.30% 0.80% 0.80%
10 SUN COMMUNITIES INC 3.00% 0.79% 0.79%
11 HEALTHPEAK PROPERTIES INC 3.04% 0.79% 0.79%
12 OMEGA HEALTHCARE INVESTORS INC 2.91% 0.78% 0.78%

Only in REZ

5 total
  • NATIONAL STORAGE AFFILIATES TRUST 0.65%
  • SILA REALTY TRUST INC 0.34%
  • JANUS LIVING INC 0.27%
  • NATIONAL HEALTHCARE PROPERTIES INC 0.13%
  • BRT APARTMENT CORP 0.03%

Only in VNQ

107 total
  • Vanguard Real Estate II Index Fund 14.50%
  • Prologis Inc 7.01%
  • Equinix Inc 5.23%
  • American Tower Corp 4.20%
  • Simon Property Group Inc 3.88%
  • Digital Realty Trust Inc 3.37%
  • Realty Income Corp 3.08%
  • CBRE Group Inc 2.25%
  • Iron Mountain Inc 1.89%
  • Crown Castle Inc 1.73%

Percentages are holdings overlap with the named fund.

Open REZ or VNQ at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.