IGE vs. VNQ

Last updated Apr 2, 2026

Compare and contrast key facts about iShares North American Natural Resources ETF (IGE) and Vanguard Real Estate ETF (VNQ).

IGE and VNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGE is a passively managed fund by iShares that tracks the performance of the S&P North American Natural Resources Sector Index. It was launched on Oct 22, 2001. 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 IGE 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

IGE vs. VNQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares North American Natural Resources ETF (IGE) and Vanguard Real Estate ETF (VNQ). The values are adjusted to include any dividend payments, if applicable.

IGE vs. VNQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGE iShares North American Natural Resources ETF	24.10%	20.41%	7.55%	3.12%	33.24%	39.42%	-19.58%	17.16%	-21.59%	0.82%
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, IGE achieves a 24.10% return, which is significantly higher than VNQ's 1.67% return. Over the past 10 years, IGE has outperformed VNQ with an annualized return of 11.04%, while VNQ has yielded a comparatively lower 4.69% annualized return.

IGE

• 1D: -1.41%
• 1M: -1.97%
• YTD: 24.10%
• 6M: 27.72%
• 1Y: 38.69%
• 3Y*: 19.51%
• 5Y*: 20.27%
• 10Y*: 11.04%

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%

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

IGE vs. VNQ - Expense Ratio Comparison

IGE has a 0.39% expense ratio, which is higher than VNQ's 0.13% expense ratio.

IGE

iShares North American Natural Resources ETF

VNQ

Vanguard Real Estate ETF

Return for Risk

IGE vs. VNQ — Risk / Return Rank

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

IGE

IGE Risk / Return Rank: 83
IGE Sharpe Ratio Rank: 86
IGE Sortino Ratio Rank: 83
IGE Omega Ratio Rank: 85
IGE Calmar Ratio Rank: 80
IGE Martin Ratio Rank: 81

VNQ

VNQ Risk / Return Rank: 15
VNQ Sharpe Ratio Rank: 14
VNQ Sortino Ratio Rank: 14
VNQ Omega Ratio Rank: 14
VNQ Calmar Ratio Rank: 15
VNQ Martin Ratio Rank: 17

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.

IGE vs. VNQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) 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.

	IGE	VNQ	Difference
Sharpe ratio Return per unit of total volatility	1.80	0.13	+1.67
Sortino ratio Return per unit of downside risk	2.27	0.30	+1.97
Omega ratio Gain probability vs. loss probability	1.35	1.04	+0.31
Calmar ratio Return relative to maximum drawdown	2.34	0.18	+2.16
Martin ratio Return relative to average drawdown	9.44	0.70	+8.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGE vs. VNQ - Sharpe Ratio Comparison

The current IGE Sharpe Ratio is 1.80, which is higher than the VNQ Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of IGE and VNQ, 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

	IGE	VNQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	0.13	+1.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.15	+0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.23	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.26	+0.05

Correlation

The correlation between IGE and VNQ is 0.43, 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

IGE vs. VNQ - Dividend Comparison

IGE's dividend yield for the trailing twelve months is around 1.88%, less than VNQ's 3.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGE iShares North American Natural Resources ETF	1.88%	2.32%	2.54%	2.85%	2.96%	2.92%	3.34%	5.55%	2.68%	2.11%	1.66%	3.08%
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

IGE vs. VNQ - Drawdown Comparison

The maximum IGE drawdown since its inception was -67.55%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for IGE and VNQ.

Drawdown Indicators

	IGE	VNQ	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	-73.07%	+5.52%
Max Drawdown (1Y) Largest decline over 1 year	-16.95%	-12.44%	-4.51%
Max Drawdown (5Y) Largest decline over 5 years	-25.72%	-34.48%	+8.76%
Max Drawdown (10Y) Largest decline over 10 years	-60.57%	-42.40%	-18.17%
Current Drawdown Current decline from peak	-1.97%	-9.24%	+7.27%
Average Drawdown Average peak-to-trough decline	-19.01%	-13.71%	-5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.20%	3.21%	+0.99%

Volatility

IGE vs. VNQ - Volatility Comparison

iShares North American Natural Resources ETF (IGE) and Vanguard Real Estate ETF (VNQ) have volatilities of 4.35% and 4.57%, 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

	IGE	VNQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	4.57%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	13.19%	9.28%	+3.91%
Volatility (1Y) Calculated over the trailing 1-year period	21.60%	16.31%	+5.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.65%	18.80%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.04%	20.70%	+4.34%