IYR vs SRVR: Real Estate ETF Showdown
Institutional side-by-side analysis of fees, dividend cash flows, and underlying holdings overlap.
Key Fundamental Specifications
| Metric | IYR | SRVR |
|---|---|---|
| Annual Expense Ratio | 0.39% Lowest Fee | 0.60% |
| Annual Dividend Yield | 3.25% Higher Yield | 3.10% |
| Assets Under Management (AUM) | $3.8 Billion | $1.1 Billion |
| Number of Holdings | 75 Constituents | 25 Constituents |
| Fund Issuer | BlackRock | Pacer ETFs |
| Benchmark Index | Dow Jones U.S. Real Estate Index | Kelly Data Center & 5G Infrastructure Index |
Top Holdings & Weight Overlap
Constituent weights across both funds:
| REIT Constituent | IYR Weight | SRVR Weight |
|---|---|---|
| PLD Prologis Inc. | 8.1% | 0.0% |
| EQIX Equinix Inc. | 6.9% | 15.2% |
| WELL Welltower Inc. | 6.5% | 0.0% |
| SPG Simon Property Group | 4.5% | 0.0% |
| PSA Public Storage | 4.2% | 0.0% |
| DLR Digital Realty Trust | 4.0% | 14.8% |
| O Realty Income Corp. | 3.9% | 0.0% |
| AMT American Tower Corp. | 0.0% | 14.1% |
| CCI Crown Castle Inc. | 0.0% | 12.5% |
| SBAC SBA Communications | 0.0% | 8.4% |
Institutional Verdict: IYR or SRVR?
Fee Advantage: IYR offers the lower expense ratio at 0.39% vs 0.60%. Over a 20-year holding period, lower expense drag preserves thousands of dollars in cumulative returns.
Yield Generation: For income-focused investors, IYR provides the higher current dividend yield at 3.25%, making it more attractive for living off dividend cash flow.
Conclusion: If your priority is low-cost passive index tracking, choose IYR. If your mandate is maximum immediate dividend yield, choose IYR.
Frequently Asked Questions
What is the difference between IYR and SRVR?
iShares U.S. Real Estate ETF (IYR) is issued by BlackRock with an expense ratio of 0.39% and dividend yield of 3.25%. In comparison, Pacer Data & Infrastructure Real Estate ETF (SRVR) is issued by Pacer ETFs charging 0.60% with a yield of 3.10%.
Which REIT ETF has lower fees: IYR or SRVR?
IYR has the lower annual expense ratio (0.39% vs 0.60%), saving long-term investors money on compounding fee drag.
Which ETF pays a higher dividend yield: IYR or SRVR?
IYR currently pays the higher annualized dividend yield (3.25% vs 3.10%).
Can I hold both IYR and SRVR in a portfolio?
While you can hold both, IYR and SRVR share significant constituent overlap in top REITs like Prologis, American Tower, and Equinix. Holding both may cause redundant portfolio exposure.