Correlation
The correlation between BIRDX and VNQ is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BIRDX vs. VNQ
Compare and contrast key facts about iShares Developed Real Estate Index Fund (BIRDX) and Vanguard Real Estate ETF (VNQ).
BIRDX is managed by Blackrock. It was launched on Aug 12, 2015. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIRDX or VNQ.
Performance
BIRDX vs. VNQ - Performance Comparison
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Key characteristics
BIRDX:
0.72
VNQ:
0.66
BIRDX:
1.30
VNQ:
1.26
BIRDX:
1.17
VNQ:
1.17
BIRDX:
0.62
VNQ:
0.68
BIRDX:
2.17
VNQ:
2.67
BIRDX:
6.47%
VNQ:
5.86%
BIRDX:
15.31%
VNQ:
18.06%
BIRDX:
-43.03%
VNQ:
-73.07%
BIRDX:
-11.14%
VNQ:
-12.30%
Returns By Period
In the year-to-date period, BIRDX achieves a 5.30% return, which is significantly higher than VNQ's 1.44% return.
BIRDX
5.30%
1.58%
-1.07%
10.90%
1.09%
4.40%
N/A
VNQ
1.44%
-0.30%
-5.68%
11.90%
0.98%
5.60%
5.65%
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BIRDX vs. VNQ - Expense Ratio Comparison
BIRDX has a 0.19% expense ratio, which is higher than VNQ'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%.
Risk-Adjusted Performance
BIRDX vs. VNQ — Risk-Adjusted Performance Rank
BIRDX
VNQ
BIRDX vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Developed Real Estate Index Fund (BIRDX) 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.
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Dividends
BIRDX vs. VNQ - Dividend Comparison
BIRDX's dividend yield for the trailing twelve months is around 22.16%, more than VNQ's 4.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 22.16% | 23.69% | 3.00% | 1.24% | 4.19% | 1.93% | 6.68% | 4.17% | 4.71% | 2.23% | 1.38% | 0.00% |
VNQ Vanguard Real Estate ETF | 4.06% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% |
Drawdowns
BIRDX vs. VNQ - Drawdown Comparison
The maximum BIRDX drawdown since its inception was -43.03%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for BIRDX and VNQ.
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Volatility
BIRDX vs. VNQ - Volatility Comparison
The current volatility for iShares Developed Real Estate Index Fund (BIRDX) is 3.88%, while Vanguard Real Estate ETF (VNQ) has a volatility of 4.81%. This indicates that BIRDX 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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