REM ETF: fees, returns, drawdowns and holdings

How has REM done since 2007?#

REMS&P 500 (SPY)Growth of $10,000, log scale, with dividends reinvested. Past results do not tell you what happens next.

From May 2007 to October 2026, REM lost about 2.2% a year. The S&P 500 returned about 10.7% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $6,511 at the end, with every dividend reinvested.

Period	REM	S&P 500 (SPY)
1 month	−12.4%	1.5%
3 months	−21.7%	1.9%
6 months	−19.1%	9.3%
Year to date	−17.6%	12.8%
1 year	−12.9%	16.8%
3 years per year	1.7%	22.0%
5 years per year	−6.1%	12.8%
10 years per year	0.4%	15.4%
Since 2007 per year	−2.2%	10.7%

Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

REM returns by month and year#

REM rose in 139 of its 234 months (59%). Its best month was November 2020, at 18.2%. Its worst was March 2020, at −53.4%.

Return each month, in percent
Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	−17.6%	2.6	−0.6	−4.4	7.2	−3.9	2.1	−2.5	0.9	−14.0	−5.0
2025	13.3%	4.8	5.9	−4.8	−5.1	−1.1	4.2	1.3	5.5	−1.8	−0.5	4.8	0.4
2024	−1.0%	−4.1	−1.3	4.6	−6.1	3.0	1.0	6.4	1.9	1.0	−5.5	3.6	−4.5
2023	14.4%	15.8	−8.3	−8.8	1.5	−3.2	12.8	4.1	−1.8	−5.0	−11.2	14.6	8.1
2022	−27.6%	−1.8	−6.2	3.3	−9.4	3.6	−10.8	14.5	−7.1	−24.3	12.6	8.2	−7.2
2021	16.1%	−2.4	8.7	6.1	4.6	0.3	1.9	−2.5	2.7	−2.1	3.7	−5.9	0.9
2020	−20.0%	3.6	−8.4	−53.4	18.0	2.8	12.1	4.7	2.2	−1.2	−0.3	18.2	6.8
2019	21.3%	9.2	−0.9	1.9	1.9	−6.6	4.9	2.3	−6.4	6.6	2.7	1.5	3.6
2018	−3.1%	−6.9	−3.2	6.5	0.3	2.9	1.5	3.5	0.4	−1.2	−2.0	2.1	−6.1
2017	18.4%	1.4	5.7	2.9	3.6	−1.5	2.3	0.3	1.3	1.7	−3.0	0.4	2.2
2016	21.9%	−5.2	2.5	7.1	1.7	4.2	2.9	3.5	1.1	0.6	0.0	1.4	0.7
2015	−9.3%	−0.3	1.8	0.9	−0.6	0.3	−6.7	2.6	−3.4	−2.7	−0.1	0.8	−1.9
2014	16.7%	5.8	4.3	0.5	1.7	2.3	1.4	−2.2	4.3	−6.2	4.9	2.3	−2.8
2013	−2.6%	9.8	1.5	5.6	0.6	−12.8	−3.8	−2.0	−3.6	3.8	0.4	−3.2	3.0
2012	21.9%	7.4	1.6	0.8	3.6	0.1	4.4	3.9	1.8	2.8	−1.7	−3.0	−1.3
2011	−9.2%	−0.8	3.6	−3.1	1.5	−0.3	−1.7	−5.9	−0.9	−6.6	6.1	−2.6	1.9
2010	16.5%	−0.6	2.6	2.7	1.7	−3.3	−2.5	4.5	−3.7	5.3	0.9	1.4	6.9
2009	11.3%	−6.3	−12.1	6.1	2.8	0.6	4.1	8.9	4.2	3.8	−6.5	5.4	2.1
2008	−42.8%	7.6	−6.3	−21.8	9.2	2.4	−17.3	−3.6	−2.8	−2.0	−13.6	−7.0	6.6
2007	−36.4%					0.6	−8.5	−23.2	−11.8	4.0	−3.6	−2.6	4.4

Each month runs from the last close of the month before. The first month counts from the first close.

How risky is REM compared with the S&P 500?#

Measured from October 2021 to October 2026, on the days both traded.

Beta 0.89. When the S&P 500 moved 1% in a day, REM tended to move about 0.89%.
Correlation 0.65. REM moved with the S&P 500 some of the time.
Up and down months. In months the S&P 500 rose, REM rose 83% as much on average. In months it fell, REM fell 174% as much.

Measure	REM	S&P 500 (SPY)
Return per year	−6.2%	12.8%
Volatility	23.6%	17.1%
Worst drop	−43.3%	−24.5%
Sharpe ratio	-0.15	0.79
Sortino ratio	-0.21	1.15
Calmar ratio	-0.14	0.52

Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.

Is REM above its 200-day average?#

REM closed 17.2% below its 200-day average on October 16, 2026. A rule that holds REM only above that average would be out of it today.

vs 200-day average: −17.2%; below it
50-day vs 200-day: −5.0%; trend falling
vs 52-week high: −23.9%; high of $22.74

A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for REM and backtest it in a minute.

What was REM’s worst drop?#

Drawdown: how far REM was below its last high on each day.

A drawdown is how far a fund falls from its last high point. REM’s worst fall was −74.7%, from June 5, 2007 to November 20, 2008. By October 16, 2026 it had not yet climbed back to that high. On October 16, 2026 it was 35.9% below its highest close.

Drop	From the high	To the bottom	Back to the high
−74.7%	Jun 5, 2007	Nov 20, 200818 months	Not yet
−3.8%	May 9, 2007	May 18, 20079 days	May 31, 200713 days

Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

What does REM hold?#

This fund holds stocks of US mortgage real estate investment trusts, called mortgage REITs. These companies own home and business loans and mortgage bonds rather than buildings. Their stock prices can swing a lot when interest rates change.

It tracks the FTSE Nareit All Mortgage Capped Index. It had 30 holdings as of October 15, 2026, according to iShares (BlackRock).

What is the REM expense ratio?#

REM charges 0.48% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.48% fee comes to about $48 a year. Of the 162 ETFs on Tactfolio, 12% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

0.48%

Which Tactfolio strategies hold REM?#

One classic strategy holds REM at least some of the time. Each is a set of written rules you can open, test and copy.

Composite Dual Momentum, by Gary Antonacci, 2012

How does REM compare with similar ETFs?#

Funds that can stand in for REM:

SCHH: Schwab U.S. REIT ETF, 0.07% a year
XLRE: State Street Real Estate Select Sector SPDR ETF, 0.08% a year
VNQ: Vanguard Real Estate ETF, 0.13% a year
IYR: iShares U.S. Real Estate ETF, 0.37% a year

See all 4 REM alternatives, compared on the same dates as REM.

Test REM in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add REM, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for REM and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from iShares (BlackRock). We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.

Common questions#

What is the expense ratio of REM?#

REM charges 0.48% a year, according to iShares (BlackRock) as of October 16, 2026. That is about $48 a year for every $10,000 you hold.

When did REM start trading?#

REM started trading on May 1, 2007. It is run by iShares (BlackRock).

What does REM track?#

REM tracks the FTSE Nareit All Mortgage Capped Index. This fund holds stocks of US mortgage real estate investment trusts, called mortgage REITs.

How much has REM returned per year?#

From May 2007 to October 2026, REM lost about 2.2% a year with dividends reinvested. Its worst drop was −74.7%. Past returns do not tell you what it will do next.

Is REM above its 200-day moving average?#

On October 16, 2026, REM closed 17.2% below its 200-day moving average. This page updates after each US market close.

Which strategies use REM?#

One of Tactfolio’s classic strategies hold REM, including Composite Dual Momentum.

Sources#

iShares (BlackRock): iShares Mortgage Real Estate ETF fund page