GLRA.L vs. VNQ
Compare and contrast key facts about SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.L) and Vanguard Real Estate ETF (VNQ).
GLRA.L and VNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLRA.L is a passively managed fund by State Street that tracks the performance of the FTSE EPRA Nareit Global TR USD. It was launched on Oct 16, 2019. 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. Both GLRA.L and VNQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GLRA.L vs. VNQ - Performance Comparison
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GLRA.L vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLRA.L SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap | 1.80% | 10.04% | -0.75% | 11.39% | -25.32% | 30.28% | -10.67% | -1.08% |
VNQ Vanguard Real Estate ETF | 1.67% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | -0.79% |
Returns By Period
In the year-to-date period, GLRA.L achieves a 1.80% return, which is significantly higher than VNQ's 1.67% return.
GLRA.L
- 1D
- 1.50%
- 1M
- -6.36%
- YTD
- 1.80%
- 6M
- 2.07%
- 1Y
- 8.39%
- 3Y*
- 7.26%
- 5Y*
- 2.28%
- 10Y*
- —
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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GLRA.L vs. VNQ - Expense Ratio Comparison
GLRA.L has a 0.40% expense ratio, which is higher than VNQ's 0.13% expense ratio.
Return for Risk
GLRA.L vs. VNQ — Risk / Return Rank
GLRA.L
VNQ
GLRA.L vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.L) 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.
| GLRA.L | VNQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 0.13 | +0.40 |
Sortino ratioReturn per unit of downside risk | 0.83 | 0.30 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.04 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.18 | +0.62 |
Martin ratioReturn relative to average drawdown | 3.21 | 0.70 | +2.52 |
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
| GLRA.L | VNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.13 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.15 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.26 | -0.21 |
Correlation
The correlation between GLRA.L and VNQ is 0.55, 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
GLRA.L vs. VNQ - Dividend Comparison
GLRA.L has not paid dividends to shareholders, while VNQ's dividend yield for the trailing twelve months is around 3.92%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLRA.L SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
GLRA.L vs. VNQ - Drawdown Comparison
The maximum GLRA.L drawdown since its inception was -38.24%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for GLRA.L and VNQ.
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Drawdown Indicators
| GLRA.L | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.24% | -73.07% | +34.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -12.44% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -34.48% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.40% | — |
Current DrawdownCurrent decline from peak | -8.24% | -9.24% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -15.41% | -13.71% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 3.21% | -0.62% |
Volatility
GLRA.L vs. VNQ - Volatility Comparison
SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.L) has a higher volatility of 5.40% compared to Vanguard Real Estate ETF (VNQ) at 4.57%. This indicates that GLRA.L'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
| GLRA.L | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 4.57% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 9.28% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 16.31% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 18.80% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 20.70% | +0.77% |