BAM vs. VNQ
BAM (Brookfield Asset Management Ltd.) 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 3 years, BAM returned 16.64%/yr vs 10.14%/yr for VNQ. At a 0.44 correlation, their price movements are largely independent.
Performance
BAM vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, BAM achieves a -8.16% return, which is significantly lower than VNQ's 12.51% return.
BAM
- 1D
- 1.09%
- 1M
- -3.65%
- YTD
- -8.16%
- 6M
- -10.55%
- 1Y
- -10.49%
- 3Y*
- 16.64%
- 5Y*
- —
- 10Y*
- —
VNQ
- 1D
- 0.92%
- 1M
- 3.35%
- YTD
- 12.51%
- 6M
- 12.32%
- 1Y
- 14.02%
- 3Y*
- 10.14%
- 5Y*
- 2.55%
- 10Y*
- 5.65%
BAM vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | -8.16% | -0.24% | 39.70% | 45.61% | -10.80% |
VNQ Vanguard Real Estate ETF | 12.51% | 3.24% | 4.81% | 11.85% | -2.55% |
Correlation
The correlation between BAM and VNQ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.44 |
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Return for Risk
BAM vs. VNQ — Risk / Return Rank
BAM
VNQ
BAM vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Asset Management Ltd. (BAM) 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.
| BAM | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.17 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.56 | -1.98 |
| Martin ratioReturn relative to average drawdown | -0.77 | 4.90 | -5.67 |
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Drawdowns
BAM vs. VNQ - Drawdown Comparison
The maximum BAM drawdown since its inception was -30.37%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for BAM and VNQ.
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Drawdown Indicators
| BAM | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.37% | -73.07% | +42.70% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -8.34% | -22.03% |
Max Drawdown (3Y)Largest decline over 3 years | -30.37% | -17.46% | -12.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.40% | — |
Current DrawdownCurrent decline from peak | -22.66% | 0.00% | -22.66% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -13.61% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.80% | 2.65% | +14.15% |
Volatility
BAM vs. VNQ - Volatility Comparison
Brookfield Asset Management Ltd. (BAM) has a higher volatility of 10.83% compared to Vanguard Real Estate ETF (VNQ) at 4.72%. This indicates that BAM's price experiences larger fluctuations and is considered to be riskier 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
| BAM | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.83% | 4.72% | +6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 22.75% | 9.77% | +12.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.82% | 13.54% | +16.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.18% | 18.84% | +11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.18% | 20.72% | +9.46% |
Dividends
BAM vs. VNQ - Dividend Comparison
BAM's dividend yield for the trailing twelve months is around 3.99%, more than VNQ's 3.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | 3.99% | 3.34% | 2.80% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.54% | 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
BAM and VNQ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAM has higher volatility (10.83%) compared to VNQ (4.72%). In terms of maximum drawdown, BAM dropped -30.37% vs VNQ's -73.07%.
VNQ currently has the higher Sharpe Ratio (0.96 vs -0.44), 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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