FPI vs. VNQ
Compare and contrast key facts about Farmland Partners Inc. (FPI) and Vanguard Real Estate ETF (VNQ).
VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPI or VNQ.
Key characteristics
| FPI | VNQ | |
|---|---|---|
| YTD Return | -0.87% | 9.63% |
| 1Y Return | 12.50% | 30.83% |
| 3Y Return (Ann) | 1.44% | -1.16% |
| 5Y Return (Ann) | 15.88% | 4.31% |
| 10Y Return (Ann) | 5.44% | 6.03% |
| Sharpe Ratio | 0.55 | 1.74 |
| Sortino Ratio | 1.00 | 2.51 |
| Omega Ratio | 1.12 | 1.32 |
| Calmar Ratio | 0.40 | 0.96 |
| Martin Ratio | 1.03 | 6.66 |
| Ulcer Index | 13.81% | 4.46% |
| Daily Std Dev | 25.66% | 17.11% |
| Max Drawdown | -59.92% | -73.07% |
| Current Drawdown | -20.08% | -9.56% |
Correlation
The correlation between FPI and VNQ is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FPI vs. VNQ - Performance Comparison
In the year-to-date period, FPI achieves a -0.87% return, which is significantly lower than VNQ's 9.63% return. Over the past 10 years, FPI has underperformed VNQ with an annualized return of 5.44%, while VNQ has yielded a comparatively higher 6.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FPI vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmland Partners Inc. (FPI) 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.
Dividends
FPI vs. VNQ - Dividend Comparison
FPI's dividend yield for the trailing twelve months is around 3.70%, less than VNQ's 3.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 3.70% | 3.61% | 1.85% | 1.67% | 2.30% | 2.95% | 7.84% | 5.90% | 4.59% | 4.56% | 3.13% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.88% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
FPI vs. VNQ - Drawdown Comparison
The maximum FPI drawdown since its inception was -59.92%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for FPI and VNQ. For additional features, visit the drawdowns tool.
Volatility
FPI vs. VNQ - Volatility Comparison
Farmland Partners Inc. (FPI) has a higher volatility of 8.43% compared to Vanguard Real Estate ETF (VNQ) at 5.37%. This indicates that FPI'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.