IRET vs SPY
iREIT - MarketVector Quality REIT Index ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IRET | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $3M | $821.1B | |
| Dividend Yield | 4.17% | 1.01% | |
| Holdings | 36 | 505 | |
| YTD Return | +14.44% | +12.22% | |
| 1Y Return | +16.78% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 15.9% | 15.3% | |
| Max Drawdown | -24.4% | -56.5% | |
| Fund Family | iREIT | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 5, 2024 | Jan 22, 1993 |
IRET vs SPY Performance
iREIT - MarketVector Quality REIT Index ETF (IRET) is a ETF from iREIT and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IRET returned +16.78% while SPY returned +20.83%. Year to date, IRET is up 14.44% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
IRET has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.4% for IRET and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IRET charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, IRET currently yields 4.17% against 1.01% for SPY.
Holdings Overlap
IRET and SPY share 13 holdings out of 523 unique holdings combined, representing a 1.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IRET or SPY?
IRET has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, IRET or SPY?
Over the past year IRET returned +16.78% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), IRET annualized +7.00% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, IRET or SPY?
IRET has been the more volatile fund at 15.9% annualized versus 15.3% for SPY. Worst drawdown: IRET -24.4% vs SPY -56.5%.
Should I hold both IRET and SPY?
IRET and SPY have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IRET and SPY?
IRET and SPY share 13 common holdings with a 1.0% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, IRET or SPY?
IRET yields 4.17% while SPY yields 1.01%, so IRET currently pays the higher dividend yield.
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