REM — iShares Mortgage Real Estate Capped ETF
Real Estate Ranked #415 of 458 tracked ETFs · Issued by iShares
REM Price Performance — Growth of $10,000
Value of a $10,000 investment in REM over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
REM Drawdown
The "underwater" chart: REM's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in REM?
See what a lump sum in REM would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares Mortgage Real Estate Capped ETF (REM) operates within the Real Estate category, which ETFValuer tracks alongside 11 other funds. Issued by iShares, this fund manages $548 million in assets and trades at a price of $21.57. It holds an overall rank of #415 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of D with a score of 41.2 out of 100. The fund carries an expense ratio of 0.48% while offering a dividend yield of 8.79%. The combination of a mid-tier asset size and a lower overall ranking suggests a specific level of investor adoption relative to the broader universe of tracked funds. These metrics collectively define the fund's current standing and cost structure for potential investors.
Recent price action shows a +0.51% gain over one day, followed by a -3.23% decline over one week. The one-month return sits at +0.19%, while the three-month period reflects a -2.98% loss. Over the six-month horizon, the fund has declined by -5.64%, and year-to-date performance is recorded at -1.46%. In contrast, the one-year return stands at +5.62%, and the three-year return is +15.20%. This pattern indicates a divergence where short-term results have been negative while longer-term horizons have delivered positive returns.
The fund is assigned a Moderate volatility label and has a beta of 0.94, suggesting price movements that generally align with or slightly lag the broader market. A Sharpe ratio of 0.04 indicates that the risk-adjusted returns have been minimal relative to the volatility experienced. The maximum drawdown of -21.92% highlights the potential for significant capital erosion during market downturns. This combination of moderate volatility, a beta near unity, a low Sharpe ratio, and a substantial maximum drawdown implies the fund offers limited compensation for the downside risk it presents. Investors face a profile where downside protection is limited despite the fund's beta being slightly below one.
AI-generated summary based on the data on this page.
REM Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Annaly Capital Management, Inc. | 21.72% | $118M |
| 2 | Agnc Investment Corp | 14.20% | $77M |
| 3 | Starwood Property Trust, Inc. | 7.62% | $42M |
| 4 | Blackstone Mortgage Trust, Inc | 4.59% | $25M |
| 5 | Rithm Capital Corp. | 4.52% | $25M |
| 6 | Dynex Capital Inc | 4.37% | $24M |
| 7 | ARMOUR Residential REIT, Inc. | 4.07% | $22M |
| 8 | Arbor Realty Trust, Inc. | 3.24% | $18M |
| 9 | Apollo Commercial Real Estate Finance, Inc. | 3.19% | $17M |
| 10 | Ellington Financial Inc | 3.12% | $17M |
Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 70.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how REM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With REM
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with REM's top 10 — MORT overlaps most, holding 9 of the same companies as REM's top 10 (67.5% of REM's assets).
| ETF | Name | Shared Companies | REM Weight | Examples |
|---|---|---|---|---|
| MORT | VanEck Mortgage REIT Income ETF | 9 | 67.5% | Annaly Capital Management, Inc., Agnc Investment Corp, Starwood Property Trust, Inc.… |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 1 | 21.7% | Annaly Capital Management, Inc. |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | 1 | 21.7% | Annaly Capital Management, Inc. |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What REM's Fees Cost You
REM charges an expense ratio of 0.48% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
REM Dividend Income Estimator
REM currently yields 8.79%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
REM Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.32% and average daily volume is 472K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $548M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: REM is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
REM Performance History
| Period | Return |
|---|---|
| 1-Day | +0.51% |
| 1-Week | -3.23% |
| 1-Month | +0.19% |
| 3-Month | -2.98% |
| 6-Month | -5.64% |
| YTD | -1.46% |
| 1-Year | +5.62% |
| 3-Year | +15.20% |
How REM Compares to Other Real Estate ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #88 | B |
USRT | iShares Core U.S. REIT ETF | +23.80% | 0.08% | $4.36B |
| #129 | B |
RWR | State Street SPDR Dow Jones REIT ETF | +24.85% | 0.25% | $1.84B |
| #167 | B |
SCHH | Schwab U.S. REIT ETF | +17.71% | 0.07% | $11.1B |
| #187 | C |
VNQ | Vanguard Real Estate Index Fund ETF Shares | +13.77% | 0.13% | $71.3B |
| #248 | C |
REZ | iShares Residential and Multisector Real Estate ETF | +20.05% | 0.48% | $875M |
| #277 | C |
XLRE | State Street Real Estate Select Sector SPDR ETF | +10.93% | 0.08% | $8.10B |
| #299 | C |
FREL | Fidelity MSCI Real Estate Index ETF | +13.30% | 0.084% | $1.45B |
| #339 | C |
IYR | iShares U.S. Real Estate ETF | +11.73% | 0.38% | $4.67B |
| #382 | D |
VNQI | Vanguard Global ex-U.S. Real Estate Index Fund ETF Shares | +1.64% | 0.12% | $3.71B |
| #415 | D |
REM | iShares Mortgage Real Estate Capped ETF | +5.62% | 0.48% | $548M |
| #421 | D |
MORT | VanEck Mortgage REIT Income ETF | +4.34% | 0.43% | $400M |