AVRE vs. VGSNX
AVRE (Avantis Real Estate ETF) and VGSNX (Vanguard Real Estate Index Fund Institutional Shares) are both REIT funds. AVRE is actively managed, while VGSNX is passively managed. Over the past 3 years, AVRE returned 9.26%/yr vs 9.54%/yr for VGSNX. Their 0.97 correlation means they have historically moved very closely together. AVRE charges 0.17%/yr vs 0.11%/yr for VGSNX.
Performance
AVRE vs. VGSNX - Performance Comparison
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Returns By Period
In the year-to-date period, AVRE achieves a 12.91% return, which is significantly lower than VGSNX's 14.63% return.
AVRE
- 1D
- -0.75%
- 1M
- 1.42%
- 6M
- 9.88%
- YTD
- 12.91%
- 1Y
- 15.76%
- 3Y*
- 9.26%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.77%
VGSNX
- 1D
- -1.22%
- 1M
- 1.44%
- 6M
- 11.70%
- YTD
- 14.63%
- 1Y
- 16.19%
- 3Y*
- 9.54%
- 5Y*
- 2.56%
- 10Y*
- 4.78%
- ALL TIME*
- 8.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.54M | $2.97M | $3.01M | |
| $0.00 | $0.00 | $0.00 |
AVRE vs. VGSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVRE Avantis Real Estate ETF | 12.91% | 8.34% | 0.54% | 9.10% | -23.70% | 11.45% |
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 14.63% | 3.21% | 3.72% | 13.12% | -26.19% | 13.08% |
Correlation
The correlation between AVRE and VGSNX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.97 |
The correlation between AVRE and VGSNX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
AVRE vs. VGSNX — Risk / Return Rank
AVRE
VGSNX
AVRE vs. VGSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Real Estate ETF (AVRE) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX). 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.
| AVRE | VGSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.72 | -0.01 |
| Martin ratioReturn relative to average drawdown | 6.41 | 5.58 | +0.83 |
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Drawdowns
AVRE vs. VGSNX - Drawdown Comparison
The maximum AVRE drawdown since its inception was -32.52%, smaller than the maximum VGSNX drawdown of -73.06%. Use the drawdown chart below to compare losses from any high point for AVRE and VGSNX.
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Drawdown Indicators
| AVRE | VGSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.52% | -73.06% | +40.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -8.34% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -17.38% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.30% | — |
Current DrawdownCurrent decline from peak | -1.38% | -1.40% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -14.30% | -13.20% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.58% | -0.08% |
Volatility
AVRE vs. VGSNX - Volatility Comparison
The current volatility for Avantis Real Estate ETF (AVRE) is 3.50%, while Vanguard Real Estate Index Fund Institutional Shares (VGSNX) has a volatility of 4.45%. This indicates that AVRE experiences smaller price fluctuations and is considered to be less risky than VGSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVRE | VGSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 4.45% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 10.78% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 13.93% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 18.96% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 20.96% | -4.44% |
AVRE vs. VGSNX - Expense Ratio Comparison
AVRE has a 0.17% expense ratio, which is higher than VGSNX's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AVRE vs. VGSNX - Dividend Comparison
AVRE's dividend yield for the trailing twelve months is around 3.34%, less than VGSNX's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVRE Avantis Real Estate ETF | 3.34% | 4.30% | 3.99% | 3.33% | 3.78% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 3.51% | 3.94% | 3.87% | 3.93% | 3.94% | 2.57% | 3.95% | 3.40% | 4.75% | 4.26% | 4.84% | 3.94% |
Frequently Asked Questions
With a correlation of 0.94, AVRE and VGSNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VGSNX has higher volatility (4.45%) compared to AVRE (3.50%). In terms of maximum drawdown, AVRE dropped -32.52% vs VGSNX's -73.06%.
AVRE currently has the higher Sharpe Ratio (1.32 vs 1.04), 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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