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 4.06%/yr vs 4.90%/yr for VNQ. Their correlation of 0.83 means they have usually moved in the same direction.
Performance
EQR vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, EQR achieves a 8.99% return, which is significantly lower than VNQ's 14.01% return. Over the past 10 years, EQR has underperformed VNQ with an annualized return of 4.06%, while VNQ has yielded a comparatively higher 4.90% annualized return.
EQR
- 1D
- -1.00%
- 1M
- -4.84%
- 6M
- 9.04%
- YTD
- 8.99%
- 1Y
- 10.67%
- 3Y*
- 4.61%
- 5Y*
- -0.79%
- 10Y*
- 4.06%
- ALL TIME*
- 10.45%
VNQ
- 1D
- -0.54%
- 1M
- 0.95%
- 6M
- 11.11%
- YTD
- 14.01%
- 1Y
- 15.59%
- 3Y*
- 9.39%
- 5Y*
- 2.44%
- 10Y*
- 4.90%
- ALL TIME*
- 7.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $238.25M | $202.36M | $206.08M | |
| $285.34M | $305.14M | $313.91M |
EQR vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQR Equity Residential | 8.99% | -8.57% | 20.81% | 8.34% | -32.46% | 57.33% | -23.61% | 26.16% | 7.08% | 2.19% |
VNQ Vanguard Real Estate ETF | 14.01% | 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 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.68 (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 | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.84 | -0.99 |
| Martin ratioReturn relative to average drawdown | 1.85 | 5.97 | -4.12 |
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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 | -11.58% | -8.34% | -3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -21.25% | -17.46% | -3.79% |
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 | -15.10% | -1.98% | -13.12% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -13.54% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 2.57% | +2.78% |
Volatility
EQR vs. VNQ - Volatility Comparison
Equity Residential (EQR) has a higher volatility of 6.14% compared to Vanguard Real Estate ETF (VNQ) at 4.44%. 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 | 6.14% | 4.44% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.57% | 10.70% | +3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.14% | 13.86% | +6.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 18.89% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.94% | 20.76% | +4.18% |
Dividends
EQR vs. VNQ - Dividend Comparison
EQR's dividend yield for the trailing twelve months is around 4.20%, more than VNQ's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQR Equity Residential | 4.20% | 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 | 3.51% | 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 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQR has higher volatility (6.14%) compared to VNQ (4.44%). In terms of maximum drawdown, EQR dropped -67.40% vs VNQ's -73.07%.
VNQ currently has the higher Sharpe Ratio (1.11 vs 0.50), 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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