DPREX vs. VNQ
DPREX (Delaware Global Listed Real Assets Fund) and VNQ (Vanguard Real Estate ETF) are both funds - DPREX is a Global Allocation fund managed by Delaware Funds, while VNQ is a REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index. Over the past 10 years, DPREX returned 5.82%/yr vs 5.44%/yr for VNQ. Their correlation of 0.92 suggests significant overlap in exposure. DPREX charges 1.31%/yr vs 0.13%/yr for VNQ.
Performance
DPREX vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, DPREX achieves a 6.57% return, which is significantly lower than VNQ's 11.77% return. Over the past 10 years, DPREX has outperformed VNQ with an annualized return of 5.82%, while VNQ has yielded a comparatively lower 5.44% annualized return.
DPREX
- 1D
- -0.95%
- 1M
- -2.74%
- YTD
- 6.57%
- 6M
- 6.26%
- 1Y
- 16.75%
- 3Y*
- 9.83%
- 5Y*
- 5.73%
- 10Y*
- 5.82%
VNQ
- 1D
- 1.31%
- 1M
- 1.13%
- YTD
- 11.77%
- 6M
- 12.16%
- 1Y
- 11.59%
- 3Y*
- 11.30%
- 5Y*
- 2.83%
- 10Y*
- 5.44%
DPREX vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DPREX Delaware Global Listed Real Assets Fund | 6.57% | 18.95% | -1.23% | 7.01% | -7.07% | 19.08% | 1.22% | 30.71% | -7.79% | 1.00% |
VNQ Vanguard Real Estate ETF | 11.77% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Correlation
The correlation between DPREX and VNQ is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.92 |
Over the past year, the correlation between DPREX and VNQ has dropped to 0.66 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
DPREX vs. VNQ — Risk / Return Rank
DPREX
VNQ
DPREX vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Global Listed Real Assets Fund (DPREX) 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.
| DPREX | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.15 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 1.40 | +2.06 |
| Martin ratioReturn relative to average drawdown | 13.65 | 4.37 | +9.28 |
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Drawdowns
DPREX vs. VNQ - Drawdown Comparison
The maximum DPREX drawdown since its inception was -71.95%, roughly equal to the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for DPREX and VNQ.
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Drawdown Indicators
| DPREX | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.95% | -73.07% | +1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -8.34% | +3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -10.99% | -17.46% | +6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | -34.48% | +15.44% |
Max Drawdown (10Y)Largest decline over 10 years | -31.40% | -42.40% | +11.00% |
Current DrawdownCurrent decline from peak | -3.67% | -0.66% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -13.60% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.66% | -1.40% |
Volatility
DPREX vs. VNQ - Volatility Comparison
The current volatility for Delaware Global Listed Real Assets Fund (DPREX) is 2.44%, while Vanguard Real Estate ETF (VNQ) has a volatility of 5.19%. This indicates that DPREX 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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Volatility by Period
| DPREX | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 5.19% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 6.23% | 10.20% | -3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 13.84% | -5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.47% | 18.86% | -8.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 20.75% | -7.61% |
DPREX vs. VNQ - Expense Ratio Comparison
DPREX has a 1.31% expense ratio, which is higher than VNQ's 0.13% expense ratio.
Dividends
DPREX vs. VNQ - Dividend Comparison
DPREX's dividend yield for the trailing twelve months is around 2.02%, less than VNQ's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPREX Delaware Global Listed Real Assets Fund | 2.02% | 2.60% | 2.46% | 1.73% | 14.25% | 5.80% | 1.71% | 3.87% | 2.49% | 3.69% | 22.78% | 12.98% |
VNQ Vanguard Real Estate ETF | 3.56% | 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
DPREX and VNQ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNQ has higher volatility (5.19%) compared to DPREX (2.44%). In terms of maximum drawdown, DPREX dropped -71.95% vs VNQ's -73.07%.
DPREX currently has the higher Sharpe Ratio (2.16 vs 0.85), 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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