ETF Versus

DVY vs IYR

iShares Select Dividend ETF vs iShares U.S. Real Estate ETF

Last updated: 2026-04-02

DVY iShares

iShares Select Dividend ETF (DVY) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.38%. The fund offers an attractive dividend yield of 3.47%. Launched in 2003, the fund has a 23-year track record.

AUM: $22.0B ER: 0.38% Yield: 3.47% Since: Nov 3, 2003
IYR iShares

iShares U.S. Real Estate ETF (IYR) is an exchange-traded fund issued by iShares that provides exposure to U.S. real estate investment trusts (REITs) and real estate companies. It charges an above-average expense ratio of 0.38%. The fund offers a moderate dividend yield of 2.37%. Launched in 2000, the fund has a 26-year track record.

AUM: $3.9B ER: 0.38% Yield: 2.37% Since: Jun 12, 2000

Quick Verdict

Over the past year, DVY has significantly outperformed with a 12.6% return vs -1.0%. Income investors may prefer DVY for its higher yield (3.5% vs 2.4%).

Key Metrics

Metric DVY IYR
Expense Ratio 0.38% 0.38%
Dividend Yield 3.5% 2.4%
Fund Family iShares iShares
Category US Dividend US Real Estate

Performance Chart

Indexed to 100 at start (5-year comparison)

75 88 101 114 127 140 2021-04 2022-06 2023-09 2024-12 2026-04
DVY +30.7%
IYR +1.0%

Performance Comparison

Period DVY IYR Difference
1 Month -3.15% -6.56% +3.41%
3 Months +5.89% +0.95% +4.94%
6 Months +5.53% -2.23% +7.76%
YTD +5.89% +0.95% +4.94%
1 Year +12.56% -0.97% +13.53%
3 Years +28.73% +12.64% +16.09%
5 Years +30.67% +0.99% +29.68%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DVY Fees IYR Fees You Save
$10.000 10 years $748 $748 $0
$10.000 20 years $3.173 $3.173 $0
$10.000 30 years $10.097 $10.097 $0
$50.000 10 years $3.739 $3.739 $0
$50.000 30 years $50.486 $50.486 $0
$100.000 30 years $100.972 $100.972 $0

Risk Metrics

Based on 5 years of daily returns

Metric DVY IYR
Annualized Volatility 15.5% 18.8%
Max Drawdown -22.1% -36.9%
Sharpe Ratio 0.13 -0.13

Dividend Comparison

Metric DVY IYR
Annual Dividend (per share) $5.24 $2.25
Dividend Yield 3.47% 2.37%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

DVY Top Holdings

NameWeight
Pfizer Inc.PFE2.33%
Altria Group, Inc.MO2.17%
Verizon Communications Inc.VZ2.01%
ONEOK, Inc.OKE1.93%
Prudential Financial, Inc.PRU1.81%
T. Rowe Price Group, Inc.TROW1.75%
LyondellBasell Industries N.V.LYB1.70%
General Mills, Inc.GIS1.62%
Edison InternationalEIX1.60%
Kimberly-Clark CorporationKMB1.57%

IYR Top Holdings

NameWeight
Welltower Inc.WELL10.03%
Prologis, Inc.PLD9.11%
Equinix, Inc.EQIX4.68%
Digital Realty Trust, Inc.DLR4.59%
Simon Property Group, Inc.SPG4.50%
Realty Income CorporationO4.44%
American Tower CorporationAMT4.39%
Public StoragePSA3.40%
Ventas, Inc.VTR3.15%
CBRE Group, Inc.CBRE3.10%

Which One Should You Choose?

Choose DVY if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose DVY if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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