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

USRT and VNQ share 68.2% of their weight across 116 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.

USRT and VNQ

68.2%

116 shared positions

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

VNQ

VANGUARD REAL ESTATE INDEX FUND

Reported positions cover 100% of the fund, 144 positions · Apr 30, 2026

Top 10: 54.7%·Holdings of VNQ

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

VNQ vs USRT side by side

USRTiShares Core U.S. REIT ETF

127

stock positions reported to the SEC

3.6% of its weight is in 11 names VNQ does not hold

VNQVANGUARD REAL ESTATE INDEX FUND

144

stock positions reported to the SEC

31.6% of its weight is in 28 names USRT does not hold

Where each fund's weight sits

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

Largest sectors for both funds

Real Estate
89.4%
79.0%
Utilities
2.2%
1.4%
Technology
0.0%
1.3%
Consumer Cyclical
0.5%
0.3%
Industrials
0.0%
0.0%

The widest gap is Real Estate: USRT has 10.4 points more of it.

The figures side by side

USRTVNQ
Filing dateApr 30, 2026Apr 30, 2026
Stock positions reported127144
Weight of the ten largest48.7%54.7%
Largest positionWELL 8.3%VANGUARD REAL ESTATE II INDEX FUND 14.6%
Held alone11 positions, 3.6%28 positions, 31.6%
Covered by stock positions100%100%

Holdings they share

StockIn USRTIn VNQCounted
WELLWELLTOWER INC8.31%7.84%7.84%
PLDPROLOGIS INC7.52%7.00%7.00%
EQIXEQUINIX INC6.44%5.64%5.64%
DLRDIGITAL REALTY TRUST INC4.46%3.66%3.66%
SPGSIMON PROPERTY GROUP INC4.40%3.53%3.53%
OREALTY INCOME CORP4.18%3.11%3.11%
PSAPUBLIC STORAGE3.96%2.54%2.54%
VTRVENTAS INC3.55%2.19%2.19%
EXREXTRA SPACE STORAGE INC2.60%1.61%1.61%
VICIVICI PROPERTIES INC2.73%1.58%1.58%

What each holds alone

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

Only in USRT

IRON MOUNTAIN INC (REIT)3.19%
CENTERSPACE REAL ESTATE INVESTMENT TRUST0.10%
PIEDMONT OFFICE REALTY TRUST INC0.09%
PSTLPOSTAL REALTY TRUST INC0.05%
ILPTINDUSTRIAL LOGISTICS PROPERTIES TRUST0.04%
FVRFRONTVIEW REIT INC0.03%
NLOPNET LEASE OFFICE PROPERTIES0.02%
NXDTNEXPOINT DIVERSIFIED REAL ESTATE TRUST0.02%
PINEALPINE INCOME PROPERTY TRUST INC0.02%
BHRBRAEMAR HOTELS & RESORTS INC0.01%

Only in VNQ

VANGUARD REAL ESTATE II INDEX FUND14.63%
AMTAmerican Tower Corp4.54%
CBRECBRE Group Inc2.25%
CCICrown Castle Inc2.05%
IRMIron Mountain Inc1.98%
SBACSBA Communications Corp1.25%
WYWeyerhaeuser Co0.94%
JLLJones Lang LaSalle Inc0.80%
CSGPCoStar Group Inc0.77%
ZGZillow Group Inc0.50%

Questions people ask

Is USRT the same as VNQ?

68.2% of their weight sits in the same 116 holdings. USRT also reports IRON MOUNTAIN INC (REIT), CENTERSPACE REAL ESTATE INVESTMENT TRUST, PIEDMONT OFFICE REALTY TRUST INC, which the other does not. VNQ also reports VANGUARD REAL ESTATE II INDEX FUND, AMT, CBRE, which the other does not.

How is the overlap between USRT and VNQ measured?

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

Which holds more, VNQ or USRT?

USRT reports 127 stock positions and VNQ reports 144. 3.6% of USRT's weight sits in names VNQ does not hold, and 31.6% of VNQ's weight in names USRT does not hold. The ten largest positions are 48.7% of USRT and 54.7% of VNQ.

How do USRT and VNQ differ by sector?

The widest gap is Real Estate: USRT has 10.4 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.