iShares Select U.S. REIT ETF

ICF

Market cap $2.08B

GQRE charges a higher expense ratio but offers a notably higher dividend yield than ICF ICF has delivered stronger five-year growth, while GQRE provides broader diversification across more holdings Both funds focus on real estate, but GQRE includes global exposure and a larger number of REITs

ICF charges a higher expense ratio and offers a lower dividend yield than VNQ ICF has outperformed VNQ over the past five years but holds far fewer stocks Both funds share top REIT holdings, but ICF is more concentrated

After a solid January performance, the REIT sector recovery gained steam in February with a stronger +3.70% return. Large cap REITs (+5.80%) led the REIT sector in February with strong gains from mid caps (+5.26%) and small caps (+4.94%). Micro caps (-6.12%) badly underperformed again in February. 71.71% of REIT securities had a positive total return in February.

ICF charges a higher expense ratio and yields less than REET ICF is more concentrated, holding just 30 U.S. REITs versus REET's 325 global holdings Over five years, ICF showed stronger growth but experienced a deeper drawdown than REET

HAUZ charges a lower expense ratio and delivers a higher dividend yield than ICF. ICF outperformed HAUZ over five years, but HAUZ has delivered stronger one-year returns and holds more international diversification.

ICF holds fewer REITs and carries a higher expense ratio than RWR. RWR offers a higher dividend yield and slightly shallower five-year drawdowns.

ICF is less expensive to own but pays a lower yield than RWX. RWX delivered a higher 1-year return, while ICF outperformed over the last five years.

VNQI offers broader global diversification, while ICF is concentrated solely in U.S. real estate. ICF charges a higher expense ratio and yields less income than VNQI.

The REIT sector rebounded from a rough 2025 (-3.57%) by starting off 2026 in the black (+1.09%). Small-cap REITs (+3.27%) outperformed in January, followed by solid gains from mid-caps (+2.65%) and large caps (+2.35%). Microcaps, however, had a dismal start to the year with. 63.46% of REIT securities had a positive total return in January.

The REIT sector closed out 2025 with a tough December (-1.48%) and finishing the year with a -3.57% total return for 2025. Small caps (+0.51%) eked out a small gain in December, while mid caps (-1.77%), large caps (-2.55%) and micro caps (-3.88%) fell at the close of the year. 42.04% of REIT securities had a positive total return in December with only 38.36% in the black for the full year.