Vanguard Real Estate ETF (VNQ)
Vanguard Real Estate ETF (VNQ) is an exchange-traded fund (ETF) that tracks the investment results of the MSCI US REIT (Real Estate Investment Trust) Index, which is a benchmark index for the U.S. real estate market. The index is designed to measure the performance of publicly traded real estate investment trusts (REITs) and other real estate-related investments listed on U.S. stock exchanges.
VNQ is a passive ETF, which means it seeks to replicate the performance of the underlying index rather than actively selecting individual stocks. As a result, the fund has a low expense ratio of 0.12%, significantly lower than the average expense ratio of actively managed ETFs.
The fund is managed by Vanguard, one of the largest asset managers in the world. VNQ is a popular choice for investors looking to gain exposure to the real estate market in a low-cost, diversified manner.
ETF Info
| ISIN | US9229085538 |
|---|---|
| CUSIP | 922908553 |
| Issuer | Vanguard |
| Inception Date | Sep 23, 2004 |
| Region | North America (U.S.) |
| Category | REIT |
| Index Tracked | MSCI US REIT Index |
| ETF Home Page | advisors.vanguard.com |
| Asset Class | Real Estate |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
The Vanguard Real Estate ETF features an expense ratio of 0.12%, falling within the medium range.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in Vanguard Real Estate ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Popular comparisons: VNQ vs. SCHH, VNQ vs. XLRE, VNQ vs. FREL, VNQ vs. VOO, VNQ vs. VNQI, VNQ vs. USRT, VNQ vs. VYM, VNQ vs. IYR, VNQ vs. REET, VNQ vs. SCHD
Return
Vanguard Real Estate ETF had a return of 4.46% year-to-date (YTD) and 2.53% in the last 12 months. Over the past 10 years, Vanguard Real Estate ETF had an annualized return of 6.60%, while the S&P 500 had an annualized return of 9.70%, indicating that Vanguard Real Estate ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.46% | 18.49% |
| 1 month | 9.25% | 4.20% |
| 6 months | 1.94% | 6.60% |
| 1 year | 2.53% | 15.43% |
| 5 years (annualized) | 4.12% | 11.59% |
| 10 years (annualized) | 6.60% | 9.70% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -3.96% | 5.63% | 2.03% | -3.38% | -7.26% | -3.62% | 12.08% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 0.08 | ||||
^GSPC S&P 500 | 1.00 |
Dividend History
Vanguard Real Estate ETF granted a 4.29% dividend yield in the last twelve months. The annual payout for that period amounted to $3.59 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.59 | $3.23 | $2.97 | $3.33 | $3.14 | $3.53 | $3.51 | $3.98 | $3.12 | $2.92 | $2.79 | $2.34 |
Dividend yield | 4.29% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% | 3.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Real Estate 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | |
| 2022 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.92 | $0.00 | $0.00 | $1.16 |
| 2021 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $1.05 |
| 2020 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $1.34 |
| 2019 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.83 | $0.00 | $0.00 | $0.74 | $0.00 | $0.00 | $0.96 |
| 2018 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | $1.14 | $0.00 | $0.00 | $0.95 |
| 2017 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $0.85 | $0.00 | $0.00 | $1.26 |
| 2016 | $0.00 | $0.00 | $0.92 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $1.70 |
| 2015 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $1.10 |
| 2014 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $0.67 | $0.00 | $0.00 | $1.10 |
| 2013 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $1.01 |
| 2012 | $0.50 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.80 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Real Estate 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 Vanguard Real Estate ETF was 73.07%, occurring on Mar 6, 2009. Recovery took 885 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -73.07% | Feb 8, 2007 | 523 | Mar 6, 2009 | 885 | Sep 7, 2012 | 1408 |
| -42.4% | Feb 24, 2020 | 21 | Mar 23, 2020 | 268 | Apr 15, 2021 | 289 |
| -34.48% | Jan 3, 2022 | 456 | Oct 25, 2023 | — | — | — |
| -17.97% | May 22, 2013 | 62 | Aug 19, 2013 | 200 | Jun 5, 2014 | 262 |
| -17.24% | Jan 28, 2015 | 154 | Sep 4, 2015 | 166 | May 4, 2016 | 320 |
Volatility Chart
The current Vanguard Real Estate ETF volatility is 6.54%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Alternatives
| Symbol | Inception | Expense Ratio | YTD Ret. | 10Y Ann. Ret. | Div. Yield | Max. Drawdown | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FREL | Feb 2, 2015 | 0.08% | 4.4% | N/A | 3.6% | -42.6% | 0.1 | ||||
| IYR | Jun 12, 2000 | 0.42% | 4.6% | 6.6% | 2.9% | -74.1% | 0.1 | ||||
| SCHH | Jan 13, 2011 | 0.07% | 4.2% | 5.3% | 4.3% | -44.2% | 0.1 | ||||
| VNQI | Nov 1, 2010 | 0.12% | 0.5% | 1.0% | 0.6% | -38.4% | 0.0 | ||||
| XLRE | Oct 7, 2015 | 0.13% | 5.3% | N/A | 3.5% | -38.8% | 0.1 |
Portfolios with Vanguard Real Estate ETF
| Portfolio Name | YTD Return | 10Y Return | Div. Yield | 10Y Volatility | Max. Drawdown | Expense Ratio | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7Twelve Portfolio | 6.78% | 4.76% | 2.42% | 9.87% | -22.46% | 0.14% | 0.64 | ||||
| Alpha Architect Robust Portfolio | 6.72% | 5.48% | 2.01% | 12.88% | -48.58% | 0.40% | 0.43 | ||||
| Bill Bernstein Coward's Portfolio | 7.14% | 5.43% | 2.51% | 10.17% | -37.25% | 0.15% | 0.63 | ||||
| Bill Schultheis Coffee House Portfolio | 7.13% | 5.83% | 2.77% | 10.82% | -24.01% | 0.05% | 0.50 | ||||
| Bob Clyatt Sandwich Portfolio | 7.63% | 4.97% | 2.25% | 9.10% | -32.62% | 0.17% | 0.71 | ||||
| David Swensen Lazy Portfolio | 9.48% | 6.17% | 2.82% | 11.82% | -25.66% | 0.11% | 0.67 | ||||
| David Swensen Yale Endowment Portfolio | 8.87% | 6.43% | 2.85% | 11.68% | -43.81% | 0.13% | 0.48 | ||||
| Dividend Income Portfolio | 4.94% | 6.82% | 4.99% | 14.24% | -59.63% | 0.38% | 0.23 | ||||
| Frank Armstrong’s Ideal Index Portfolio | 7.04% | 5.20% | 2.70% | 11.73% | -44.57% | 0.12% | 0.54 | ||||
| FundAdvice Ultimate Buy & Hold Portfolio | 7.10% | 4.53% | 2.84% | 9.99% | -21.19% | 0.14% | 0.65 | ||||
| Gone Fishin’ Portfolio | 8.94% | 5.60% | 2.89% | 12.08% | -26.03% | 0.12% | 0.69 | ||||
| Mebane Faber Ivy Portfolio | 6.03% | 4.50% | 2.33% | 12.11% | -48.90% | 0.22% | 0.43 | ||||
| Paul Merriman Ultimate Portfolio | 8.51% | 6.17% | 2.91% | 17.03% | -38.24% | 0.16% | 0.45 | ||||
| PortfoliosLab Trends Portfolio | 50.16% | 24.61% | 1.12% | 22.09% | -34.57% | 0.04% | 1.97 | ||||
| Rick Ferri Core Four Portfolio | 13.16% | 7.46% | 2.40% | 13.66% | -48.48% | 0.04% | 0.89 | ||||
| Roger Gibson Five Asset Portfolio | 6.42% | 5.09% | 2.43% | 11.97% | -27.82% | 0.22% | 0.45 | ||||
| Roger Gibson Talmud Portfolio | 9.08% | 6.73% | 2.95% | 12.22% | -44.88% | 0.06% | 0.54 |