ESRT vs. VNQ
Compare and contrast key facts about Empire State Realty Trust, Inc. (ESRT) and Vanguard Real Estate ETF (VNQ).
VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Real Estate 25/50 Index. It was launched on Sep 23, 2004.
Performance
ESRT vs. VNQ - Performance Comparison
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ESRT vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESRT Empire State Realty Trust, Inc. | -22.95% | -35.68% | 7.97% | 46.32% | -22.82% | -3.53% | -31.48% | 0.90% | -28.91% | 3.77% |
VNQ Vanguard Real Estate ETF | 1.67% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Returns By Period
In the year-to-date period, ESRT achieves a -22.95% return, which is significantly lower than VNQ's 1.67% return. Over the past 10 years, ESRT has underperformed VNQ with an annualized return of -10.05%, while VNQ has yielded a comparatively higher 4.69% annualized return.
ESRT
- 1D
- -4.04%
- 1M
- -12.48%
- YTD
- -22.95%
- 6M
- -34.43%
- 1Y
- -34.72%
- 3Y*
- -6.82%
- 5Y*
- -13.73%
- 10Y*
- -10.05%
VNQ
- 1D
- 0.36%
- 1M
- -6.21%
- YTD
- 1.67%
- 6M
- -0.84%
- 1Y
- 2.18%
- 3Y*
- 6.57%
- 5Y*
- 2.86%
- 10Y*
- 4.69%
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Return for Risk
ESRT vs. VNQ — Risk / Return Rank
ESRT
VNQ
ESRT vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Empire State Realty Trust, Inc. (ESRT) 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.
| ESRT | VNQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.02 | 0.13 | -1.16 |
Sortino ratioReturn per unit of downside risk | -1.42 | 0.30 | -1.72 |
Omega ratioGain probability vs. loss probability | 0.84 | 1.04 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.18 | -1.01 |
Martin ratioReturn relative to average drawdown | -1.82 | 0.70 | -2.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ESRT | VNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.02 | 0.13 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.15 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.28 | 0.23 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.26 | -0.42 |
Correlation
The correlation between ESRT and VNQ is 0.64, 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.
Dividends
ESRT vs. VNQ - Dividend Comparison
ESRT's dividend yield for the trailing twelve months is around 2.81%, less than VNQ's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESRT Empire State Realty Trust, Inc. | 2.81% | 2.15% | 1.36% | 1.44% | 2.08% | 1.18% | 2.25% | 3.01% | 2.95% | 2.05% | 1.98% | 1.88% |
VNQ Vanguard Real Estate ETF | 3.92% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Drawdowns
ESRT vs. VNQ - Drawdown Comparison
The maximum ESRT drawdown since its inception was -72.91%, roughly equal to the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for ESRT and VNQ.
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Drawdown Indicators
| ESRT | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.91% | -73.07% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -41.89% | -12.44% | -29.45% |
Max Drawdown (5Y)Largest decline over 5 years | -57.84% | -34.48% | -23.36% |
Max Drawdown (10Y)Largest decline over 10 years | -72.91% | -42.40% | -30.51% |
Current DrawdownCurrent decline from peak | -72.64% | -9.24% | -63.40% |
Average DrawdownAverage peak-to-trough decline | -33.07% | -13.71% | -19.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.17% | 3.21% | +15.96% |
Volatility
ESRT vs. VNQ - Volatility Comparison
Empire State Realty Trust, Inc. (ESRT) has a higher volatility of 8.02% compared to Vanguard Real Estate ETF (VNQ) at 4.57%. This indicates that ESRT'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
| ESRT | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 4.57% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.72% | 9.28% | +13.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.99% | 16.31% | +17.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.47% | 18.80% | +15.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.72% | 20.70% | +15.02% |