CCI vs. VNQ
CCI (Crown Castle Inc.) 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, CCI returned 1.92%/yr vs 4.82%/yr for VNQ. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
CCI vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, CCI achieves a -8.19% return, which is significantly lower than VNQ's 12.13% return. Over the past 10 years, CCI has underperformed VNQ with an annualized return of 1.92%, while VNQ has yielded a comparatively higher 4.82% annualized return.
CCI
- 1D
- 3.89%
- 1M
- -12.56%
- 6M
- -2.48%
- YTD
- -8.19%
- 1Y
- -18.75%
- 3Y*
- -6.82%
- 5Y*
- -12.87%
- 10Y*
- 1.92%
VNQ
- 1D
- 0.24%
- 1M
- -0.34%
- 6M
- 10.91%
- YTD
- 12.13%
- 1Y
- 12.62%
- 3Y*
- 8.72%
- 5Y*
- 2.34%
- 10Y*
- 4.82%
CCI vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCI Crown Castle Inc. | -8.19% | 2.96% | -16.39% | -10.24% | -32.57% | 35.08% | 15.49% | 35.45% | 1.75% | 32.97% |
VNQ Vanguard Real Estate ETF | 12.13% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Correlation
The correlation between CCI and VNQ is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.54 |
The correlation between CCI and VNQ shifts across timeframes, from 0.54 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CCI vs. VNQ — Risk / Return Rank
CCI
VNQ
CCI vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Crown Castle Inc. (CCI) 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.
| CCI | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.16 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 1.52 | -2.16 |
| Martin ratioReturn relative to average drawdown | -1.03 | 4.78 | -5.81 |
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Drawdowns
CCI vs. VNQ - Drawdown Comparison
The maximum CCI drawdown since its inception was -97.52%, which is greater than VNQ's maximum drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for CCI and VNQ.
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Drawdown Indicators
| CCI | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.52% | -73.07% | -24.45% |
Max Drawdown (1Y)Largest decline over 1 year | -31.07% | -8.34% | -22.73% |
Max Drawdown (3Y)Largest decline over 3 years | -31.81% | -17.46% | -14.35% |
Max Drawdown (5Y)Largest decline over 5 years | -55.48% | -34.48% | -21.00% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | -42.40% | -13.08% |
Current DrawdownCurrent decline from peak | -52.17% | -1.37% | -50.80% |
Average DrawdownAverage peak-to-trough decline | -25.99% | -13.57% | -12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.13% | 2.65% | +16.48% |
Volatility
CCI vs. VNQ - Volatility Comparison
Crown Castle Inc. (CCI) has a higher volatility of 11.79% compared to Vanguard Real Estate ETF (VNQ) at 4.91%. This indicates that CCI'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
| CCI | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.79% | 4.91% | +6.88% |
Volatility (6M)Calculated over the trailing 6-month period | 25.12% | 10.64% | +14.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.04% | 13.92% | +15.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.09% | 18.89% | +8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.22% | 20.74% | +5.48% |
Dividends
CCI vs. VNQ - Dividend Comparison
CCI's dividend yield for the trailing twelve months is around 5.34%, more than VNQ's 3.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCI Crown Castle Inc. | 5.34% | 5.35% | 6.90% | 5.43% | 4.41% | 2.62% | 3.10% | 3.22% | 3.94% | 3.51% | 4.15% | 3.87% |
VNQ Vanguard Real Estate ETF | 3.57% | 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
CCI and VNQ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCI has higher volatility (11.79%) compared to VNQ (4.91%). In terms of maximum drawdown, CCI dropped -97.52% vs VNQ's -73.07%.
VNQ currently has the higher Sharpe Ratio (0.91 vs -0.68), 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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