REM: iShares Mortgage Real Estate ETF returns, drawdowns and risk
Funds on listed real estate companies (REITs), in the US and abroad.
Data updated October 2026
REM · US exchange · USDCategory: Real estate (REIT) ETFsData from May 2007
From May 2007 to October 2026 REM returned 17.5% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $229,179.
Its deepest fall was 68.5%, from February 2020 to April 2020, and it has not yet returned to the previous high. Annual volatility was 32.1%; at the last close it was 36.7% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 233 months both have data, the correlation of monthly returns was 0.56: they moved together only in part. Beta was 1.00. In months when SPY rose, REM moved 121% as much on average; in months when SPY fell, 78% as much.
Key figures
- Annual return (CAGR)
- +17.5%
- 1-year return
- −17.3%
- 5 years, a year
- −7.1%
- 10 years, a year
- −0.1%
- Annual volatility
- 32.1%
- Maximum drawdown
- −68.5%
- Sharpe ratio
- 0.61
- Worst year
- 2022: −27.5%
Trailing returns
| Period | REM | SPY |
|---|---|---|
| 1 year | −17.3% | +16.6% |
| 3 years, a year | +2.9% | +23.1% |
| 5 years, a year | −7.1% | +12.7% |
| 10 years, a year | −0.1% | +15.4% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: REM vs SPY
Month-end values from June 2007, the first month both funds have data.
REM drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | REM | SPY |
|---|---|---|
| 2026(partial) | −20.5% | +13.3% |
| 2025 | +13.3% | +17.7% |
| 2024 | −1.0% | +24.9% |
| 2023 | +14.4% | +26.2% |
| 2022 | −27.5% | −18.2% |
| 2021 | +16.1% | +28.7% |
| 2020 | −20.0% | +18.3% |
| 2019 | +21.3% | +31.2% |
| 2018 | −3.1% | −4.6% |
| 2017 | +18.4% | +21.7% |
| 2016 | +58.4% | +12.0% |
| 2015 | +26.6% | +1.2% |
| 2014 | +82.9% | +13.5% |
| 2013 | +55.8% | +32.3% |
| 2012 | +79.3% | +16.0% |
| 2011 | +29.1% | +1.9% |
| 2010 | +56.9% | +15.1% |
| 2009 | +44.9% | +26.4% |
| 2008 | −1.5% | −36.8% |
| 2007(partial) | −19.2% | — |
REM compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of REM?
From May 2007 to October 2026 REM returned 17.5% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: −7.1% a year. Over the last 12 months: −17.3%.
What was the worst drawdown of REM?
68.5%, from February 2020 to April 2020; it has not yet returned to the previous high.
How volatile is REM?
Annual volatility was 32.1% over the period. Its worst month was −53.4% and 64% of months were positive. Worst calendar year: 2022 (−27.5%).
How closely does REM follow SPY?
Over 233 months the correlation of monthly returns was 0.56, so they moved together only in part, with a beta of 1.00.
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Other Real estate (REIT) ETFs
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.