VNQI vs. GQRE
Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate ETF (VNQI) and FlexShares Global Quality Real Estate Index Fund (GQRE).
VNQI and GQRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VNQI is a passively managed fund by Vanguard that tracks the performance of the S&P Global ex-U.S. Property Index. It was launched on Nov 1, 2010. GQRE is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Global Quality Real Estate (NR). It was launched on Nov 6, 2013. Both VNQI and GQRE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNQI or GQRE.
Key characteristics
| VNQI | GQRE | |
|---|---|---|
| YTD Return | -1.53% | -2.65% |
| 1Y Return | 5.23% | 6.46% |
| 3Y Return (Ann) | -6.79% | -3.24% |
| 5Y Return (Ann) | -2.85% | -0.40% |
| 10Y Return (Ann) | 1.16% | 3.29% |
| Sharpe Ratio | 0.36 | 0.39 |
| Daily Std Dev | 15.56% | 16.35% |
| Max Drawdown | -38.35% | -41.87% |
| Current Drawdown | -23.23% | -22.63% |
Correlation
The correlation between VNQI and GQRE is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VNQI vs. GQRE - Performance Comparison
In the year-to-date period, VNQI achieves a -1.53% return, which is significantly higher than GQRE's -2.65% return. Over the past 10 years, VNQI has underperformed GQRE with an annualized return of 1.16%, while GQRE has yielded a comparatively higher 3.29% 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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VNQI vs. GQRE - Expense Ratio Comparison
VNQI has a 0.12% expense ratio, which is lower than GQRE's 0.45% expense ratio.
Risk-Adjusted Performance
VNQI vs. GQRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate ETF (VNQI) and FlexShares Global Quality Real Estate Index Fund (GQRE). 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
VNQI vs. GQRE - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 3.79%, more than GQRE's 2.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | 3.79% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% | 4.11% | 3.27% |
GQRE FlexShares Global Quality Real Estate Index Fund | 2.76% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% | 2.57% | 0.39% |
Drawdowns
VNQI vs. GQRE - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, smaller than the maximum GQRE drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for VNQI and GQRE. For additional features, visit the drawdowns tool.
Volatility
VNQI vs. GQRE - Volatility Comparison
Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a higher volatility of 5.59% compared to FlexShares Global Quality Real Estate Index Fund (GQRE) at 5.27%. This indicates that VNQI's price experiences larger fluctuations and is considered to be riskier than GQRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.