Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX) Sharpe Ratio: 1.20

VGRLX's Sharpe Ratio of 1.20 indicates that for each unit of volatility, it generates 1.20 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

VGRLX Sharpe Ratio Rank

Above Average

VGRLX ranks above 64.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Above-average risk-adjusted returns with room for improvement
Compare against category peers to gauge relative positioning
Monitor for movement toward top tier or decline toward median
Consider pairing with top-tier holdings to improve portfolio efficiency

VGRLX Sharpe Ratio Market Positioning

The chart shows VGRLX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.76 or lower
Yellow zone (middle 50%): 0.76 to 1.49
Green zone (top 25%): 1.49 or higher
Top 1%: 3.53+
Median: 1.10 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares's Sharpe Ratio with other mutual funds in the REIT category across multiple time periods, showing how VGRLX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 2, 2026.

Symbol	Name	1Y Sharpe Ratio
CREMX	Redwood Real Estate Income Fund	9.78
QREARX	TIAA Real Estate Account	4.69
FSREX	Fidelity Series Real Estate Income Fund	2.03
IRFIX	Cohen & Steers International Realty Fund	1.21
VGRNX	Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares	1.20
VGRLX	Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares	1.20
FIKLX	Fidelity Advisor International Real Estate Fund Class Z	1.18
FIREX	Fidelity International Real Estate Fund	1.17
FIRIX	Fidelity Advisor International Real Estate Fund Class I	1.16
FIRAX	Fidelity Advisor International Real Estate Fund Class A	1.15

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

How to choose period

Historical Sharpe Ratio

The chart shows VGRLX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when VGRLX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading graphics...

Explore VGRLX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

VGRLX Sortino Ratio