iShares Mortgage Real Estate ETF
Find Ratings Reports- Last Ratings Update:01/31/2024
- Price as of 01/31/2024 :$22.63
- Net Assets:$0 Million
- NAV:$22.45
- Premium0.8%
- Peer Rank:377 of 398
- Investment Rating:D-
- Performance:D
- RiskC
We rate iShares Mortgage Real Estate at D-. Negative factors that influence this rating include a well below average total return. The fund invests approximately 98% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
Total return ranks well below peers over the last three years. The iShares Mortgage Real Estate has returned an annual rate of -2.40% since inception. More recently, the fund has generated a total return of -4.03% in the last five years, -3.79% in the last three years, and -8.01% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 8% of them. It has also outpaced 22% of its competitors on a three year basis and 9% of them over the last year for the period ending 1/31/2024. On a year to date basis, REM has returned -4.92%.
Downside risk has been above average. REM has a draw down risk of -47.16%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 31.4%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 1/31/2024, the fund was trading at a price of $22.63, which is 5.6% below its 52-week high of $23.98 and 0.1% above its 52-week low of $22.61.
Low expense ratio helps performance. As REM is an exchange traded fund, it has no front end or back end load.
The iShares Mortgage Real Estate is managed by Gregory R Savage at BlackRock Fund Advisors. This fund is one of 353 BlackRock Fund Advisors exchange-traded funds launched since 3/12/1996 that we track.