EQR vs. VNQ
EQR (Equity Residential) 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, EQR returned 4.11%/yr vs 5.44%/yr for VNQ. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
EQR vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, EQR achieves a 6.65% return, which is significantly lower than VNQ's 11.77% return. Over the past 10 years, EQR has underperformed VNQ with an annualized return of 4.11%, while VNQ has yielded a comparatively higher 5.44% annualized return.
EQR
- 1D
- 1.50%
- 1M
- -0.76%
- YTD
- 6.65%
- 6M
- 7.87%
- 1Y
- -0.60%
- 3Y*
- 5.70%
- 5Y*
- 0.31%
- 10Y*
- 4.11%
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%
EQR vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQR Equity Residential | 6.65% | -8.57% | 20.81% | 8.34% | -32.46% | 57.33% | -23.61% | 26.16% | 7.08% | 2.19% |
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 EQR and VNQ is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.83 |
The correlation between EQR and VNQ shifts across timeframes, from 0.69 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EQR vs. VNQ — Risk / Return Rank
EQR
VNQ
EQR vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Equity Residential (EQR) 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.
| EQR | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.15 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.40 | -1.44 |
| Martin ratioReturn relative to average drawdown | -0.09 | 4.37 | -4.45 |
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Drawdowns
EQR vs. VNQ - Drawdown Comparison
The maximum EQR drawdown since its inception was -67.40%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for EQR and VNQ.
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Drawdown Indicators
| EQR | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.40% | -73.07% | +5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -8.34% | -4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.12% | -17.46% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -39.32% | -34.48% | -4.84% |
Max Drawdown (10Y)Largest decline over 10 years | -45.91% | -42.40% | -3.51% |
Current DrawdownCurrent decline from peak | -16.92% | -0.66% | -16.26% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -13.60% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 2.66% | +4.41% |
Volatility
EQR vs. VNQ - Volatility Comparison
Equity Residential (EQR) has a higher volatility of 5.64% compared to Vanguard Real Estate ETF (VNQ) at 5.19%. This indicates that EQR'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
| EQR | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 5.19% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 10.20% | +4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.29% | 13.84% | +6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 18.86% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 20.75% | +4.23% |
Dividends
EQR vs. VNQ - Dividend Comparison
EQR's dividend yield for the trailing twelve months is around 4.23%, more than VNQ's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQR Equity Residential | 4.23% | 4.37% | 2.82% | 4.33% | 4.24% | 2.66% | 4.07% | 2.81% | 3.27% | 3.16% | 20.22% | 2.71% |
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
EQR and VNQ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQR has higher volatility (5.64%) compared to VNQ (5.19%). In terms of maximum drawdown, EQR dropped -67.40% vs VNQ's -73.07%.
VNQ currently has the higher Sharpe Ratio (0.85 vs -0.03), 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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