IFGL vs. VNQI

Last updated Apr 2, 2026

Compare and contrast key facts about iShares International Developed Real Estate ETF (IFGL) and Vanguard Global ex-U.S. Real Estate ETF (VNQI).

IFGL and VNQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IFGL is a passively managed fund by iShares that tracks the performance of the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index. It was launched on Nov 12, 2007. 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. Both IFGL and VNQI 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

IFGL vs. VNQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Developed Real Estate ETF (IFGL) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). The values are adjusted to include any dividend payments, if applicable.

IFGL vs. VNQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFGL iShares International Developed Real Estate ETF	-1.32%	24.31%	-7.25%	5.40%	-24.21%	8.29%	-7.62%	20.65%	-6.39%	20.00%
VNQI Vanguard Global ex-U.S. Real Estate ETF	-1.94%	21.38%	-2.22%	6.99%	-22.94%	5.93%	-7.22%	21.59%	-9.44%	26.91%

Returns By Period

In the year-to-date period, IFGL achieves a -1.32% return, which is significantly higher than VNQI's -1.94% return. Over the past 10 years, IFGL has underperformed VNQI with an annualized return of 1.80%, while VNQI has yielded a comparatively higher 2.57% annualized return.

IFGL

• 1D: 1.39%
• 1M: -9.07%
• YTD: -1.32%
• 6M: -0.02%
• 1Y: 18.49%
• 3Y*: 6.80%
• 5Y*: -0.92%
• 10Y*: 1.80%

VNQI

• 1D: 1.12%
• 1M: -9.57%
• YTD: -1.94%
• 6M: -1.53%
• 1Y: 15.89%
• 3Y*: 8.26%
• 5Y*: -0.29%
• 10Y*: 2.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IFGL vs. VNQI - Expense Ratio Comparison

IFGL has a 0.48% expense ratio, which is higher than VNQI's 0.12% expense ratio.

IFGL

iShares International Developed Real Estate ETF

VNQI

Vanguard Global ex-U.S. Real Estate ETF

Return for Risk

IFGL vs. VNQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IFGL

IFGL Risk / Return Rank: 61
IFGL Sharpe Ratio Rank: 70
IFGL Sortino Ratio Rank: 70
IFGL Omega Ratio Rank: 64
IFGL Calmar Ratio Rank: 49
IFGL Martin Ratio Rank: 55

VNQI

VNQI Risk / Return Rank: 53
VNQI Sharpe Ratio Rank: 61
VNQI Sortino Ratio Rank: 59
VNQI Omega Ratio Rank: 56
VNQI Calmar Ratio Rank: 41
VNQI Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IFGL vs. VNQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Real Estate ETF (IFGL) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). 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.

	IFGL	VNQI	Difference
Sharpe ratio Return per unit of total volatility	1.29	1.11	+0.18
Sortino ratio Return per unit of downside risk	1.82	1.58	+0.24
Omega ratio Gain probability vs. loss probability	1.24	1.22	+0.03
Calmar ratio Return relative to maximum drawdown	1.35	1.11	+0.24
Martin ratio Return relative to average drawdown	5.78	4.82	+0.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFGL vs. VNQI - Sharpe Ratio Comparison

The current IFGL Sharpe Ratio is 1.29, which is comparable to the VNQI Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of IFGL and VNQI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IFGL	VNQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	1.11	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	-0.02	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.16	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.20	-0.16

Correlation

The correlation between IFGL and VNQI is 0.93, 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.

Dividends

IFGL vs. VNQI - Dividend Comparison

IFGL's dividend yield for the trailing twelve months is around 3.86%, less than VNQI's 4.80% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFGL iShares International Developed Real Estate ETF	3.86%	3.71%	4.83%	1.82%	2.79%	3.25%	2.17%	7.60%	4.10%	4.90%	7.68%	3.70%
VNQI Vanguard Global ex-U.S. Real Estate ETF	4.80%	4.70%	5.16%	3.74%	0.57%	6.48%	0.93%	7.58%	4.62%	3.86%	5.18%	2.86%

Drawdowns

IFGL vs. VNQI - Drawdown Comparison

The maximum IFGL drawdown since its inception was -67.94%, which is greater than VNQI's maximum drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for IFGL and VNQI.

Drawdown Indicators

	IFGL	VNQI	Difference
Max Drawdown Largest peak-to-trough decline	-67.94%	-38.35%	-29.59%
Max Drawdown (1Y) Largest decline over 1 year	-14.38%	-14.78%	+0.40%
Max Drawdown (5Y) Largest decline over 5 years	-38.47%	-35.75%	-2.72%
Max Drawdown (10Y) Largest decline over 10 years	-40.38%	-38.35%	-2.03%
Current Drawdown Current decline from peak	-14.18%	-11.45%	-2.73%
Average Drawdown Average peak-to-trough decline	-16.72%	-10.92%	-5.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	3.40%	-0.05%

Volatility

IFGL vs. VNQI - Volatility Comparison

iShares International Developed Real Estate ETF (IFGL) and Vanguard Global ex-U.S. Real Estate ETF (VNQI) have volatilities of 6.38% and 6.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFGL	VNQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.38%	6.30%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	9.70%	9.56%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	14.45%	14.37%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	15.28%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	15.96%	+0.53%