AVRE vs. VNQI

Last updated Jun 4, 2026

AVRE (Avantis Real Estate ETF) and VNQI (Vanguard Global ex-U.S. Real Estate ETF) are both REIT funds. AVRE is actively managed, while VNQI is passively managed. Over the past 3 years, AVRE returned 8.26%/yr vs 7.91%/yr for VNQI. A 0.75 correlation means they provide meaningful diversification when combined. AVRE charges 0.17%/yr vs 0.12%/yr for VNQI.

Performance

AVRE vs. VNQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Real Estate ETF (AVRE) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVRE achieves a 7.23% return, which is significantly higher than VNQI's -2.57% return.

AVRE

• 1D: -0.30%
• 1M: -1.25%
• YTD: 7.23%
• 6M: 6.93%
• 1Y: 9.59%
• 3Y*: 8.26%
• 5Y*: —
• 10Y*: —

VNQI

• 1D: -1.52%
• 1M: -4.10%
• YTD: -2.57%
• 6M: -1.63%
• 1Y: 5.44%
• 3Y*: 7.91%
• 5Y*: -1.66%
• 10Y*: 2.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVRE vs. VNQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVRE Avantis Real Estate ETF	7.23%	8.34%	0.54%	9.10%	-23.70%	13.16%
VNQI Vanguard Global ex-U.S. Real Estate ETF	-2.57%	21.38%	-2.22%	6.99%	-22.94%	1.12%

Correlation

The correlation between AVRE and VNQI is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	0.75

The correlation between AVRE and VNQI has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

AVRE vs. VNQI - Sectors Allocation Comparison

Sectors	AVRE	VNQI
Real Estate	99.3%	91.2%
Financial Services	0.1%	1.9%
Utilities	0.1%	0.1%
Basic Materials	-	0.3%
Communication Services	-	-
Consumer Cyclical	-	1.1%
Consumer Defensive	-	0.1%
Energy	-	0.3%
Healthcare	-	0.0%
Industrials	-	0.7%
Technology	-	0.2%

Return for Risk

AVRE vs. VNQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVRE

AVRE Risk / Return Rank: 23
AVRE Sharpe Ratio Rank: 23
AVRE Sortino Ratio Rank: 22
AVRE Omega Ratio Rank: 22
AVRE Calmar Ratio Rank: 22
AVRE Martin Ratio Rank: 27

VNQI

VNQI Risk / Return Rank: 14
VNQI Sharpe Ratio Rank: 14
VNQI Sortino Ratio Rank: 14
VNQI Omega Ratio Rank: 14
VNQI Calmar Ratio Rank: 13
VNQI Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVRE vs. VNQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Real Estate ETF (AVRE) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). 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.

	AVRE	VNQI	Difference
Sharpe ratio: Return per unit of total volatility	0.81	0.41	+0.40
Sortino ratio: Return per unit of downside risk	1.18	0.67	+0.51
Omega ratio: Gain probability vs. loss probability	1.15	1.08	+0.07
Calmar ratio: Return relative to maximum drawdown	1.03	0.37	+0.66
Martin ratio: Return relative to average drawdown	3.74	1.14	+2.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVRE vs. VNQI - Sharpe Ratio Comparison

The current AVRE Sharpe Ratio is 0.81, which is higher than the VNQI Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of AVRE and VNQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVRE	VNQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	0.41	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.20	-0.07

Drawdowns

AVRE vs. VNQI - Drawdown Comparison

The maximum AVRE drawdown since its inception was -32.52%, smaller than the maximum VNQI drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for AVRE and VNQI.

Drawdown Indicators

	AVRE	VNQI	Difference
Max Drawdown Largest peak-to-trough decline	-32.52%	-38.35%	+5.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-14.78%	+5.40%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	-16.35%	-0.99%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.35%	—
Current Drawdown Current decline from peak	-3.04%	-12.02%	+8.98%
Average Drawdown Average peak-to-trough decline	-14.76%	-10.89%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	4.79%	-2.22%

Volatility

AVRE vs. VNQI - Volatility Comparison

The current volatility for Avantis Real Estate ETF (AVRE) is 3.45%, while Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a volatility of 4.68%. This indicates that AVRE experiences smaller price fluctuations and is considered to be less risky than VNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVRE	VNQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	4.68%	-1.23%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	11.43%	-2.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	13.44%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.60%	15.50%	+1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	16.06%	+0.54%

AVRE vs. VNQI - Expense Ratio Comparison

AVRE has a 0.17% expense ratio, which is higher than VNQI's 0.12% 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. VNQI - Dividend Comparison

AVRE's dividend yield for the trailing twelve months is around 3.51%, less than VNQI's 4.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVRE Avantis Real Estate ETF	3.51%	4.30%	3.99%	3.33%	3.78%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VNQI Vanguard Global ex-U.S. Real Estate ETF	4.83%	4.70%	5.16%	3.74%	0.57%	6.48%	0.93%	7.58%	4.62%	3.86%	5.18%	2.86%

Frequently Asked Questions

Can I hold both AVRE and VNQI in my portfolio?

AVRE and VNQI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVRE or VNQI?

VNQI has higher volatility (4.68%) compared to AVRE (3.45%). In terms of maximum drawdown, AVRE dropped -32.52% vs VNQI's -38.35%.

Which ETF is better, AVRE or VNQI?

On 3-year performance, AVRE leads with 8.26% vs 7.91% for VNQI. On fees, VNQI is cheaper at 0.12% per year. On volatility, AVRE has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVRE or VNQI?

Over the 3-year period, AVRE has performed better with a 8.26% return vs 7.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVRE or VNQI?

VNQI is cheaper with a 0.12% expense ratio, compared with 0.17% for AVRE.

Which ETF pays a higher dividend yield, AVRE or VNQI?

VNQI has the higher dividend yield at 4.83%, compared with 3.51% for AVRE.

What is the main difference between AVRE and VNQI?

They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.17% for AVRE and 0.12% for VNQI.

Which has better risk-adjusted returns?

AVRE currently has the higher Sharpe Ratio (0.81 vs 0.41), 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.