AES vs. VNQ
AES (The AES Corporation) is a stock, while VNQ (Vanguard Real Estate ETF) is REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index. Over the past 10 years, AES returned 6.06%/yr vs 5.44%/yr for VNQ. At a 0.47 correlation, their price movements are largely independent.
Performance
AES vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, AES achieves a 5.00% return, which is significantly lower than VNQ's 11.77% return. Over the past 10 years, AES has outperformed VNQ with an annualized return of 6.06%, while VNQ has yielded a comparatively lower 5.44% annualized return.
AES
- 1D
- 0.34%
- 1M
- 0.14%
- YTD
- 5.00%
- 6M
- 8.33%
- 1Y
- 52.27%
- 3Y*
- -6.03%
- 5Y*
- -7.19%
- 10Y*
- 6.06%
VNQ
- 1D
- 1.31%
- 1M
- 1.13%
- YTD
- 11.77%
- 6M
- 12.16%
- 1Y
- 11.59%
- 3Y*
- 11.30%
- 5Y*
- 2.83%
- 10Y*
- 5.44%
AES vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AES The AES Corporation | 5.00% | 18.26% | -30.40% | -30.88% | 21.69% | 5.94% | 22.16% | 42.14% | 39.02% | -2.69% |
VNQ Vanguard Real Estate ETF | 11.77% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Correlation
The correlation between AES and VNQ is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.47 |
Over the past year, the correlation between AES and VNQ has dropped to 0.17 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
AES vs. VNQ — Risk / Return Rank
AES
VNQ
AES vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The AES Corporation (AES) and Vanguard Real Estate ETF (VNQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AES | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.15 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 1.40 | +1.37 |
| Martin ratioReturn relative to average drawdown | 5.11 | 4.37 | +0.74 |
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Drawdowns
AES vs. VNQ - Drawdown Comparison
The maximum AES drawdown since its inception was -98.65%, which is greater than VNQ's maximum drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for AES and VNQ.
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Drawdown Indicators
| AES | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.65% | -73.07% | -25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.98% | -8.34% | -10.64% |
Max Drawdown (3Y)Largest decline over 3 years | -53.33% | -17.46% | -35.87% |
Max Drawdown (5Y)Largest decline over 5 years | -63.43% | -34.48% | -28.95% |
Max Drawdown (10Y)Largest decline over 10 years | -63.43% | -42.40% | -21.03% |
Current DrawdownCurrent decline from peak | -62.03% | -0.66% | -61.37% |
Average DrawdownAverage peak-to-trough decline | -57.02% | -13.60% | -43.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.26% | 2.66% | +7.60% |
Volatility
AES vs. VNQ - Volatility Comparison
The current volatility for The AES Corporation (AES) is 0.98%, while Vanguard Real Estate ETF (VNQ) has a volatility of 5.19%. This indicates that AES experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AES | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 5.19% | -4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 25.36% | 10.20% | +15.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.64% | 13.84% | +27.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.73% | 18.86% | +18.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.04% | 20.75% | +15.29% |
Dividends
AES vs. VNQ - Dividend Comparison
AES's dividend yield for the trailing twelve months is around 4.79%, more than VNQ's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AES The AES Corporation | 4.79% | 4.91% | 5.36% | 3.45% | 2.20% | 2.48% | 2.44% | 2.74% | 3.60% | 4.43% | 3.79% | 4.18% |
VNQ Vanguard Real Estate ETF | 3.56% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
AES and VNQ have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNQ has higher volatility (5.19%) compared to AES (0.98%). In terms of maximum drawdown, AES dropped -98.65% vs VNQ's -73.07%.
AES currently has the higher Sharpe Ratio (1.26 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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