REET vs USRT overlap - what they share and where they differ

REET and USRT share 69.2% of their weight across 90 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.

REET and USRT

69.2%

90 shared positions

REET

iShares Global REIT ETF

Reported positions cover 86% of the fund, 223 positions · Apr 30, 2026

Top 10: 41.4%·Holdings of REET

USRT

iShares Core U.S. REIT ETF

Reported positions cover 100% of the fund, 127 positions · Apr 30, 2026

Top 10: 48.7%·Holdings of USRT

Reported positions cover REET 86%, USRT 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

USRT vs REET side by side

REETiShares Global REIT ETF

223

stock positions reported to the SEC

16.5% of its weight is in 133 names USRT does not hold

USRTiShares Core U.S. REIT ETF

127

stock positions reported to the SEC

8.0% of its weight is in 37 names REET does not hold

Where each fund's weight sits

REET
USRT
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Real Estate
68.9%
89.4%
Utilities
1.5%
2.2%
Financial Services
0.7%
0.0%
Consumer Cyclical
0.4%
0.5%
Technology
0.4%
0.0%

The widest gap is Real Estate: USRT has 20.6 points more of it.

The figures side by side

REETUSRT
Filing dateApr 30, 2026Apr 30, 2026
Stock positions reported223127
Weight of the ten largest41.4%48.7%
Largest positionWELL 8.3%WELL 8.3%
Held alone133 positions, 16.5%37 positions, 8.0%
Covered by stock positions86%100%

Holdings they share

StockIn REETIn USRTCounted
WELLWELLTOWER INC.8.32%8.31%8.31%
PLDPrologis Property Mexico, S.A de C.V.7.61%7.52%7.52%
EQIXEQUINIX, INC.5.89%6.44%5.89%
DLRDIGITAL REALTY TRUST, INC.3.85%4.46%3.85%
SPGSIMON PROPERTY GROUP, INC.3.67%4.40%3.67%
OREALTY INCOME CORPORATION3.27%4.18%3.27%
PSAPUBLIC STORAGE.2.66%3.96%2.66%
VTRVENTAS, INC.2.29%3.55%2.29%
VICIVICI PROPERTIES INC.1.76%2.73%1.76%
EXREXTRA SPACE STORAGE INC.1.68%2.60%1.68%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in REET

IRMIRON MOUNTAIN INCORPORATED2.06%
WPCW.P. CAREY INC.0.88%
SEGRO PUBLIC LIMITED COMPANY0.71%
NODKNIPPON REIT Investment Corporation0.66%
KLEPIERRE SA0.47%
MRLNMERLIN Properties SOCIMI, S.A.0.40%
AEDIFICA NV0.39%
LAND SECURITIES GROUP PLC0.33%
LONDONMETRIC PROPERTY PLC0.32%
BRITISH LAND COMPANY PUBLIC LIMITED COMPANY(THE)0.29%

Only in USRT

IRON MOUNTAIN INC (REIT)3.19%
WP CAREY INC1.36%
LAMRLAMAR ADVERTISING COMPANY1.03%
MRPMILLROSE PROPERTIES INC0.40%
OUTOUTFRONT MEDIA INC0.39%
SILA REALTY TRUST INC0.14%
VERIS RESIDENTIAL INC0.13%
CENTERSPACE REAL ESTATE INVESTMENT TRUST0.10%
PIEDMONT OFFICE REALTY TRUST INC0.09%
CBLCBL & ASSOCIATES PROPERTIES INC0.07%

Questions people ask

Is REET the same as USRT?

69.2% of their weight sits in the same 90 holdings. REET also reports IRM, WPC, SEGRO PUBLIC LIMITED COMPANY, which the other does not. USRT also reports IRON MOUNTAIN INC (REIT), WP CAREY INC, LAMR, which the other does not.

How is the overlap between REET and USRT measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 86% of REET and 100% of USRT, so the number cannot exceed the smaller coverage.

Which holds more, USRT or REET?

REET reports 223 stock positions and USRT reports 127. 16.5% of REET's weight sits in names USRT does not hold, and 8.0% of USRT's weight in names REET does not hold. The ten largest positions are 41.4% of REET and 48.7% of USRT.

How do REET and USRT differ by sector?

The widest gap is Real Estate: USRT has 20.6 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.

Where do the numbers come from?

From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.

Other pairs with these funds

USRT against other funds in the table

Add a third fund in the tool·All fund pairs

Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.