IYR vs VNQ
iShares U.S. Real Estate ETF compared with Vanguard Real Estate Index Fund ETF Shares on yield, payout growth, payment schedule, cost and risk.
IYR
iShares U.S. Real Estate ETF
TTM yield · Quarterly
VNQ
Vanguard Real Estate Index Fund ETF Shares
TTM yield · Quarterly
Quick take
- VNQ yields more today: 3.57% vs 2.00% (forward).
- IYR has grown its payout faster: 2.0%/yr vs 1.8%/yr over the last 5 years.
- Both pay every quarter.
- Over the last year VNQ delivered the higher total return: +7.8% vs +6.8% (price change plus payouts).
- VNQ is cheaper to own: 0.13% vs 0.37% expense ratio.
- VNQ has the steadier distribution: consistency 88/100 vs 66/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | IYR | VNQ |
|---|---|---|
| Share price | $102.03 | $95.93 |
| TTM yield | 2.22% | 3.62% |
| Forward yield | 2.00% | 3.57% |
| Annual payout per share | $2.04 | $3.42 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 14, 2026 (est.) | Sep 23, 2026 (est.) |
| Expense ratio | 0.37% | 0.13% |
| 1-year payout growth | -4.4% | +0.1% |
| 5-year payout CAGR | +2.0% | +1.8% |
| Consecutive years of increases | 2 years | 0 years |
| Payout consistency (last 12) | 66/100 | 88/100 |
| 1-year total return | +6.8% | +7.8% |
| 1-year price return | +4.5% | +4.0% |
| Size (market cap / AUM) | 4.4B | 70.8B |
| Years paying | 26.1 | 21.7 |
| Sector / category | Real Estate | Real Estate |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| IYR | VNQ | |
|---|---|---|
| Shares | 98.0 | 104.2 |
| Income per year | $200 | $357 |
| Income per month (avg) | $17 | $30 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| IYR Sep 14, 2026 | Sep 28, 2026 | $0.51 | Est. |
| IYR Dec 14, 2026 | Dec 28, 2026 | $0.51 | Est. |
| IYR Mar 15, 2027 | Mar 29, 2027 | $0.51 | Est. |
| VNQ Sep 23, 2026 | Oct 7, 2026 | $0.855 | Est. |
| VNQ Dec 23, 2026 | Jan 6, 2027 | $0.855 | Est. |
| VNQ Mar 24, 2027 | Apr 7, 2027 | $0.855 | Est. |
Annual payouts per share
IYRVNQ
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, IYR or VNQ?
VNQ currently has the higher trailing yield: IYR yields 2.22% and VNQ yields 3.62%. Yield changes daily with price, so check the live figures above.
How often do IYR and VNQ pay?
IYR pays every quarter and VNQ pays every quarter. IYR's next ex-date is Sep 14, 2026 and VNQ's is Sep 23, 2026.
Which has grown its dividend faster, IYR or VNQ?
IYR has grown its payout faster: 2.0%/yr vs 1.8%/yr over the last 5 years.
Is IYR or VNQ better for income?
It depends on what you are optimising for. IYR and VNQ differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.