- Issuer
- VanEck
- Inception Date
- Sep 19, 2023
- Category
- REIT
- Leveraged
- 1x (No leverage)
- Index Tracked
- MarketVector US Listed Office And Commercial REITS Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $3M
Share Price Chart
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Performance
DESK Performance Chart
Vaneck Office And Commercial REIT ETF (DESK) is up 6.3% since the beginning of the year. DESK is currently trading at $38 per share.
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Returns By Period
Vaneck Office And Commercial REIT ETF (DESK) has returned 6.25% so far this year and 4.63% over the past 12 months.
Vaneck Office And Commercial REIT ETF
- 1D
- 1.79%
- 1M
- 5.15%
- YTD
- 6.25%
- 6M
- 1.62%
- 1Y
- 4.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
DESK Monthly Returns History
Based on dividend-adjusted daily data since Sep 21, 2023, DESK's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 50% of months were positive and 50% were negative. The best month was Dec 2023 with a return of +17.3%, while the worst month was Oct 2023 at -8.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DESK closed higher 52% of trading days. The best single day was Nov 14, 2023 with a return of +9.1%, while the worst single day was Apr 3, 2025 at -7.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.05% | -4.42% | -5.84% | 12.08% | 4.73% | 0.63% | 6.25% | ||||||
| 2025 | -0.56% | -2.30% | -5.65% | -6.94% | 6.25% | 3.67% | -1.32% | 7.02% | 1.75% | -5.98% | -0.48% | -5.19% | -10.42% |
| 2024 | -5.48% | -0.48% | 3.85% | -5.64% | 1.03% | 1.54% | 14.63% | 3.68% | 4.99% | 1.05% | 2.75% | -5.32% | 16.01% |
| 2023 | -1.56% | -8.93% | 13.02% | 17.34% | 18.89% |
Benchmark Metrics
Vaneck Office And Commercial REIT ETF has an annualized alpha of -7.24%, beta of 0.94, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since September 22, 2023.
- This ETF participated in 180.69% of S&P 500 Index downside but only 96.88% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.31 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -7.24%
- Beta
- 0.94
- R²
- 0.31
- Upside Capture
- 96.88%
- Downside Capture
- 180.69%
Expense Ratio
DESK has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DESK ranks 11 for risk / return — in the bottom 11% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vaneck Office And Commercial REIT ETF (DESK) and compare them to S&P 500 Index.
| DESK | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 2.39 | -2.15 |
Sortino ratioReturn per unit of downside risk | 0.46 | 3.25 | -2.80 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.43 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 3.11 | -2.93 |
Martin ratioReturn relative to average drawdown | 0.39 | 14.38 | -13.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Vaneck Office And Commercial REIT ETF provided a 5.07% dividend yield over the last twelve months, with an annual payout of $1.94 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.94 | $1.89 | $1.63 | $0.67 |
Dividend yield | 5.07% | 5.15% | 3.78% | 1.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Vaneck Office And Commercial REIT ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.64 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.51 | $0.00 | $0.46 | $1.89 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.33 | $0.00 | $0.41 | $1.63 |
| 2023 | $0.67 | $0.67 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vaneck Office And Commercial REIT ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vaneck Office And Commercial REIT ETF was 28.65%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current Vaneck Office And Commercial REIT ETF drawdown is 13.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -28.65%Mar 2026 | 1y 5mo | — | 1y 7moOct 2024 - now |
2024 correction2024 | -14.63%May 2024 | 5mo 16d | 1mo 18d | 7mo 4dDec 2023 - Jul 2024 |
2023 correction2023 | -11.95%Oct 2023 | 1mo 3d | 1mo 5d | 2mo 8dSep 2023 - Nov 2023 |
2024 pullback2024 | -6.56%Aug 2024 | 5d | 16d | 21dJul 2024 - Aug 2024 |
2024 pullback2024 | -2.65%Jul 2024 | 2d | 4d | 6dJul 2024 - Jul 2024 |
Drawdown Indicators
| DESK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.65% | -56.78% | +28.13% |
Max Drawdown (1Y)Largest decline over 1 year | -25.09% | -9.10% | -15.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.03% | 0.00% | -13.03% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -10.72% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.81% | 1.97% | +9.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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