iShares Core U.S. REIT ETF (USRT) Performance
USRT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.6% since Dec 31, 2025
- 1 year
- +9.6% total return
- 5 years
- +3.1% a year
- 10 years
- +6.1% a year
- Since first price
- +5.2% a year since 2007
USRT trailing returns vs SPY, QQQ, AGG
| Period | USRT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.9% | +0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.0% | −7.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.1% | −1.2% | +7.8% | +8.4% | −1.5% |
| YTD | +12.6% | +10.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.6% | +6.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +53.2%+15.3%/yr | +40.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +16.5%+3.1%/yr | +0.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +81.5%+6.1%/yr | +29.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +217.2%+8.0%/yr | +88.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMay 4, 2007 | +166.1%+5.2%/yr | +27.0% | — | — | — |
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: USRT vs SPY
From May 4, 2007: USRT grew to $26,613, SPY to $71,897.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USRT returns by calendar year
13 of 18 full years positive. Best 2021 (+43.3%), worst 2008 (−37.2%). 2026 is year to date.
USRT annual returns table
| Year | USRT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.6% | −12.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.4% | −16.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.6% | −10.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.6% | −19.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −24.4% | −30.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +43.3% | −7.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −8.1% | −44.4% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.0% | −6.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.7% | −13.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +5.3% | −6.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +7.2% | −14.0% | +12.0% | +7.1% | +2.4% |
| 2015 | +3.9% | −15.8% | +1.2% | +9.4% | +0.5% |
| 2014 | +29.1% | −6.8% | +13.5% | +19.2% | +6.0% |
| 2013 | −1.0% | −18.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +16.7% | −9.0% | +16.0% | +18.1% | +3.8% |
| 2011 | +9.2% | −21.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +26.2% | −15.1% | +15.1% | +19.9% | +6.4% |
| 2009 | +26.9% | −40.3% | +26.4% | +54.7% | +3.0% |
| 2008 | −37.2% | −62.1% | −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.
USRT largest drawdowns
Now 9.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 11, 2007 | −69.9% | Mar 6, 2009 | May 1, 2012 | 1.8 years | 5.0 years |
| Feb 21, 2020 | −44.4% | Mar 23, 2020 | Apr 21, 2021 | 31 days | 1.2 years |
| Dec 31, 2021 | −31.0% | Oct 14, 2022 | Sep 16, 2024 | 9 months | 2.7 years |
| Nov 27, 2024 | −18.7% | Apr 8, 2025 | Feb 6, 2026 | 4 months | 1.2 years |
| May 21, 2013 | −18.5% | Aug 19, 2013 | Jul 18, 2014 | 3 months | 1.2 years |
| Jan 26, 2015 | −15.8% | Sep 4, 2015 | Mar 29, 2016 | 7 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
USRT risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +12.4% | +4.1% | +5.5% | +5.0% |
| Volatility (annualized) | 16.4% | 18.9% | 18.0% | 21.4% |
| Sharpe ratio | 0.53 | 0.11 | 0.26 | 0.28 |
| Sortino ratio | 0.87 | 0.17 | 0.37 | 0.38 |
| Best month | +10.6% | +10.7% | +11.8% | +27.2% |
| Worst month | −7.5% | −12.2% | −22.1% | −33.4% |
| Best 12 months | +36.7% | +36.7% | +51.7% | +97.4% |
| Worst 12 months | −3.0% | −24.4% | −24.4% | −57.0% |
| Positive months | 61% | 53% | 60% | 59% |
| Beta vs S&P 500 | 0.85 | 0.95 | 0.91 | — |
| Correlation with S&P 500 | 0.64 | 0.79 | 0.78 | — |
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.
USRT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 222 | −57.0% | +8.0% | +97.4% | 72% |
| 3-year (a year) | 198 | −10.8% | +8.1% | +39.9% | 90% |
| 5-year (a year) | 174 | −0.8% | +7.4% | +26.8% | 99% |
| 10-year (a year) | 114 | +4.1% | +6.7% | +17.2% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
USRT performance overview
iShares Core U.S. REIT ETF (USRT) returned +9.6% over the past year and +6.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +5.2% a year, turning $10,000 into about $26,613. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −69.9%, from May 11, 2007 to Mar 6, 2009, and it took 3.2 years to get back to the old high. USRT finished 13 of its 18 full calendar years with a gain; the best year was 2021 (+43.3%) and the worst 2008 (−37.2%). Volatility has been 21.4% a year.
Related: USRT chart, USRT holdings, USRT dividends, USRT valuation. See the USRT overview for the latest quote and fund facts.
USRT performance FAQ
What is the USRT return over the past year?
USRT returned +9.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.5%.
What is the average annual return of USRT?
USRT has returned +3.1% a year over 5 years, +6.1% a year over 10 years, +5.2% a year since May 4, 2007 (total return, distributions reinvested).
How much would $10,000 invested in USRT be worth?
$10,000 invested in USRT at its first recorded close on May 4, 2007 would be worth about $26,613 on October 23, 2026 with distributions reinvested.
What was the worst year for USRT?
The worst calendar year was 2008, with a total return of −37.2%. The best was 2021 at +43.3%.
What is the biggest drawdown of USRT?
The largest peak-to-trough decline was −69.9% between May 11, 2007 and March 6, 2009. It recovered to the old high on May 1, 2012, 3.2 years after the bottom.
How volatile is USRT?
Over the past 3 years USRT had an annualized volatility of 16.4% and a Sharpe ratio of 0.53 (excess return over 1–3 month T-bills per unit of risk).