iShares Residential and Multisector Real… (REZ) Performance
REZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.0% since Dec 31, 2025
- 1 year
- +10.7% total return
- 5 years
- +2.8% a year
- 10 years
- +7.1% a year
- Since first price
- +7.0% a year since 2007
REZ trailing returns vs SPY, QQQ, AGG
| Period | REZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.8% | +2.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.0% | −6.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.0% | +3.8% | +7.8% | +8.4% | −1.5% |
| YTD | +12.0% | +10.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.7% | +8.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +55.4%+15.8%/yr | +44.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +14.6%+2.8%/yr | +0.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +97.7%+7.1%/yr | +46.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +255.3%+8.8%/yr | +120.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMay 4, 2007 | +275.6%+7.0%/yr | +87.3% | — | — | — |
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: REZ vs SPY
From May 4, 2007: REZ grew to $37,563, SPY to $71,897.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
REZ returns by calendar year
14 of 18 full years positive. Best 2021 (+47.9%), worst 2022 (−28.3%). 2026 is year to date.
REZ annual returns table
| Year | REZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.0% | −12.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +4.8% | −13.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.7% | −12.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.0% | −19.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −28.3% | −31.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +47.9% | −7.3% | +28.7% | +27.4% | −1.8% |
| 2020 | −6.6% | −44.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.5% | −10.0% | +31.2% | +39.0% | +8.5% |
| 2018 | +3.9% | −12.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +3.9% | −6.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +3.1% | −15.2% | +12.0% | +7.1% | +2.4% |
| 2015 | +11.4% | −13.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +35.2% | −8.2% | +13.5% | +19.2% | +6.0% |
| 2013 | −3.5% | −20.1% | +32.3% | +36.6% | −2.0% |
| 2012 | +13.1% | −7.6% | +16.0% | +18.1% | +3.8% |
| 2011 | +16.0% | −20.2% | +1.9% | +3.4% | +7.7% |
| 2010 | +31.6% | −13.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +20.7% | −39.0% | +26.4% | +54.7% | +3.0% |
| 2008 | −24.8% | −60.6% | −36.8% | −41.7% | +7.9% |
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.
REZ largest drawdowns
Now 7.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 30, 2007 | −66.8% | Mar 5, 2009 | Apr 27, 2011 | 1.8 years | 3.9 years |
| Feb 14, 2020 | −44.2% | Mar 23, 2020 | Apr 20, 2021 | 38 days | 1.2 years |
| Apr 20, 2022 | −35.1% | Oct 27, 2023 | Feb 17, 2026 | 1.5 years | 3.8 years |
| Jul 22, 2011 | −20.2% | Aug 8, 2011 | Jan 25, 2012 | 17 days | 6 months |
| May 21, 2013 | −20.1% | Dec 12, 2013 | Aug 18, 2014 | 7 months | 1.2 years |
| Jun 26, 2017 | −17.7% | Feb 8, 2018 | Aug 15, 2018 | 7 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.
REZ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +12.9% | +3.3% | +6.2% | +6.4% |
| Volatility (annualized) | 17.3% | 18.8% | 18.3% | 20.8% |
| Sharpe ratio | 0.54 | 0.07 | 0.30 | 0.34 |
| Sortino ratio | 0.88 | 0.11 | 0.43 | 0.47 |
| Best month | +9.8% | +10.5% | +10.9% | +20.1% |
| Worst month | −8.3% | −10.7% | −22.9% | −26.5% |
| Best 12 months | +40.9% | +40.9% | +56.2% | +90.9% |
| Worst 12 months | −2.0% | −28.3% | −28.3% | −53.8% |
| Positive months | 56% | 48% | 54% | 58% |
| Beta vs S&P 500 | 0.68 | 0.82 | 0.77 | — |
| Correlation with S&P 500 | 0.49 | 0.69 | 0.65 | — |
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.
REZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 222 | −53.8% | +9.3% | +90.9% | 72% |
| 3-year (a year) | 198 | −7.9% | +9.4% | +41.7% | 92% |
| 5-year (a year) | 174 | +1.4% | +9.1% | +28.0% | 100% |
| 10-year (a year) | 114 | +5.5% | +8.2% | +19.0% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
REZ performance overview
iShares Residential and Multisector Real… (REZ) returned +10.7% over the past year and +7.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +7.0% a year, turning $10,000 into about $37,563. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −66.8%, from May 30, 2007 to Mar 5, 2009, and it took 2.1 years to get back to the old high. REZ finished 14 of its 18 full calendar years with a gain; the best year was 2021 (+47.9%) and the worst 2022 (−28.3%). Volatility has been 20.8% a year.
Related: REZ chart, REZ holdings, REZ dividends, REZ valuation. See the REZ overview for the latest quote and fund facts.
REZ performance FAQ
What is the REZ return over the past year?
REZ returned +10.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.3%.
What is the average annual return of REZ?
REZ has returned +2.8% a year over 5 years, +7.1% a year over 10 years, +7.0% a year since May 4, 2007 (total return, distributions reinvested).
How much would $10,000 invested in REZ be worth?
$10,000 invested in REZ at its first recorded close on May 4, 2007 would be worth about $37,563 on October 23, 2026 with distributions reinvested.
What was the worst year for REZ?
The worst calendar year was 2022, with a total return of −28.3%. The best was 2021 at +47.9%.
What is the biggest drawdown of REZ?
The largest peak-to-trough decline was −66.8% between May 30, 2007 and March 5, 2009. It recovered to the old high on April 27, 2011, 2.1 years after the bottom.
How volatile is REZ?
Over the past 3 years REZ had an annualized volatility of 17.3% and a Sharpe ratio of 0.54 (excess return over 1–3 month T-bills per unit of risk).