iShares Cohen & Steers REIT ETF (ICF) Performance
ICF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.0% since Dec 31, 2025
- 1 year
- +8.4% total return
- 5 years
- +1.4% a year
- 10 years
- +5.6% a year
- Since first price
- +8.6% a year since 2001
ICF trailing returns vs SPY, QQQ, AGG
| Period | ICF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.7% | +2.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.9% | −4.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.5% | −1.7% | +7.8% | +8.4% | −1.5% |
| YTD | +12.0% | +10.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.4% | +5.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +48.8%+14.2%/yr | +37.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +7.1%+1.4%/yr | −6.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +72.6%+5.6%/yr | +30.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +206.1%+7.7%/yr | +96.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +160.2%+4.9%/yr | +36.1% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionFeb 2, 2001 | +737.6%+8.6%/yr | +229.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ICF vs SPY
From Feb 2, 2001: ICF grew to $83,761, SPY to $89,259.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ICF returns by calendar year
18 of 24 full years positive. Best 2021 (+44.2%), worst 2008 (−40.9%). 2026 is year to date.
ICF annual returns table
| Year | ICF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.0% | −10.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +1.8% | −14.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.3% | −11.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.4% | −21.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −26.1% | −32.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +44.2% | −8.5% | +28.7% | +27.4% | −1.8% |
| 2020 | −5.4% | −40.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +25.5% | −7.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −2.5% | −12.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +4.9% | −6.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +4.8% | −15.2% | +12.0% | +7.1% | +2.4% |
| 2015 | +6.0% | −16.8% | +1.2% | +9.4% | +0.5% |
| 2014 | +33.9% | −7.7% | +13.5% | +19.2% | +6.0% |
| 2013 | −1.7% | −18.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +15.4% | −9.2% | +16.0% | +18.1% | +3.8% |
| 2011 | +10.2% | −23.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +29.1% | −16.4% | +15.1% | +19.9% | +6.4% |
| 2009 | +25.1% | −44.6% | +26.4% | +54.7% | +3.0% |
| 2008 | −40.9% | −67.3% | −36.8% | −41.7% | +7.9% |
| 2007 | −18.3% | −31.3% | +5.1% | +19.0% | +6.6% |
| 2006 | +38.5% | −10.7% | +15.8% | +7.1% | +3.9% |
| 2005 | +14.6% | −12.0% | +4.8% | +1.6% | +2.3% |
| 2004 | +34.7% | −18.8% | +10.7% | +10.5% | +3.8% |
| 2003 | +37.6% | −8.0% | +28.2% | +49.7% | — |
| 2002 | +3.3% | −17.9% | −21.6% | −37.4% | — |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ICF largest drawdowns
Now 5.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 7, 2007 | −76.7% | Mar 6, 2009 | May 21, 2013 | 2.1 years | 6.3 years |
| Feb 21, 2020 | −40.2% | Mar 23, 2020 | Apr 20, 2021 | 31 days | 1.2 years |
| Dec 31, 2021 | −34.7% | Oct 25, 2023 | May 6, 2026 | 1.8 years | 4.3 years |
| Apr 1, 2004 | −18.8% | May 10, 2004 | Aug 24, 2004 | 39 days | 5 months |
| May 21, 2013 | −18.6% | Aug 19, 2013 | Jun 5, 2014 | 3 months | 1.0 years |
| Apr 12, 2002 | −17.9% | Oct 9, 2002 | May 12, 2003 | 6 months | 1.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ICF risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2001 |
|---|---|---|---|---|
| Annualized return | +10.7% | +1.9% | +4.7% | +8.6% |
| Volatility (annualized) | 16.4% | 19.0% | 17.2% | 21.1% |
| Sharpe ratio | 0.44 | 0.00 | 0.22 | — |
| Sortino ratio | 0.72 | 0.00 | 0.32 | — |
| Best month | +12.4% | +12.4% | +12.4% | +32.5% |
| Worst month | −8.2% | −12.5% | −16.6% | −32.7% |
| Best 12 months | +35.0% | +35.0% | +45.5% | +115.1% |
| Worst 12 months | −4.7% | −26.1% | −26.1% | −63.2% |
| Positive months | 58% | 52% | 57% | 61% |
| Beta vs S&P 500 | 0.85 | 0.94 | 0.84 | — |
| Correlation with S&P 500 | 0.64 | 0.77 | 0.75 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ICF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 297 | −63.2% | +11.3% | +115.1% | 74% |
| 3-year (a year) | 273 | −28.2% | +9.0% | +45.2% | 84% |
| 5-year (a year) | 249 | −10.2% | +6.8% | +28.9% | 90% |
| 10-year (a year) | 189 | +2.8% | +7.6% | +18.8% | 100% |
Every holding period starting at a month-end since 2001. Returns for 3 years and longer are annualized.
ICF performance overview
iShares Cohen & Steers REIT ETF (ICF) returned +8.4% over the past year and +5.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2001 it has returned +8.6% a year, turning $10,000 into about $83,761. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −76.7%, from Feb 7, 2007 to Mar 6, 2009, and it took 4.2 years to get back to the old high. ICF finished 18 of its 24 full calendar years with a gain; the best year was 2021 (+44.2%) and the worst 2008 (−40.9%). Volatility has been 21.1% a year.
Related: ICF chart, ICF holdings, ICF dividends, ICF valuation. See the ICF overview for the latest quote and fund facts.
ICF performance FAQ
What is the ICF return over the past year?
ICF returned +8.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.5%.
What is the average annual return of ICF?
ICF has returned +1.4% a year over 5 years, +5.6% a year over 10 years, +8.6% a year since February 2, 2001 (total return, distributions reinvested).
How much would $10,000 invested in ICF be worth?
$10,000 invested in ICF at its first recorded close on February 2, 2001 would be worth about $83,761 on October 23, 2026 with distributions reinvested.
What was the worst year for ICF?
The worst calendar year was 2008, with a total return of −40.9%. The best was 2021 at +44.2%.
What is the biggest drawdown of ICF?
The largest peak-to-trough decline was −76.7% between February 7, 2007 and March 6, 2009. It recovered to the old high on May 21, 2013, 4.2 years after the bottom.
How volatile is ICF?
Over the past 3 years ICF had an annualized volatility of 16.4% and a Sharpe ratio of 0.44 (excess return over 1–3 month T-bills per unit of risk).