ITOT vs. VNQI

Last updated Jun 9, 2026

ITOT (iShares Core S&P Total U.S. Stock Market ETF) and VNQI (Vanguard Global ex-U.S. Real Estate ETF) are both exchange-traded funds - ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index, while VNQI is a REIT fund tracking the S&P Global ex-U.S. Property Index. Both are passively managed. Over the past 10 years, ITOT returned 14.81%/yr vs 2.19%/yr for VNQI. A 0.68 correlation means they provide meaningful diversification when combined. ITOT charges 0.03%/yr vs 0.12%/yr for VNQI.

Performance

ITOT vs. VNQI - Performance Comparison

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

Returns By Period

In the year-to-date period, ITOT achieves a 9.09% return, which is significantly higher than VNQI's -3.93% return. Over the past 10 years, ITOT has outperformed VNQI with an annualized return of 14.81%, while VNQI has yielded a comparatively lower 2.19% annualized return.

ITOT

• 1D: 0.31%
• 1M: 0.42%
• YTD: 9.09%
• 6M: 8.99%
• 1Y: 24.90%
• 3Y*: 21.07%
• 5Y*: 12.25%
• 10Y*: 14.81%

VNQI

• 1D: 0.18%
• 1M: -7.71%
• YTD: -3.93%
• 6M: -1.82%
• 1Y: 3.28%
• 3Y*: 7.32%
• 5Y*: -2.20%
• 10Y*: 2.19%

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

ITOT vs. VNQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITOT iShares Core S&P Total U.S. Stock Market ETF	9.09%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	21.37%
VNQI Vanguard Global ex-U.S. Real Estate ETF	-3.93%	21.38%	-2.22%	6.99%	-22.94%	5.93%	-7.22%	21.59%	-9.44%	26.91%

Correlation

The correlation between ITOT and VNQI is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Nov 1, 2010	0.68

The correlation between ITOT and VNQI shifts across timeframes, from 0.56 (3 years) to 0.68 (all time), reflecting how their relationship changes across market environments.

ITOT vs. VNQI - Sectors Allocation Comparison

Sectors	ITOT	VNQI
Technology	33.8%	0.2%
Financial Services	12.1%	1.9%
Communication Services	10.3%	-
Consumer Cyclical	10.1%	1.1%
Industrials	9.5%	0.7%
Healthcare	9.0%	0.0%
Consumer Defensive	4.7%	0.1%
Energy	3.7%	0.3%
Real Estate	2.4%	91.2%
Utilities	2.3%	0.1%
Basic Materials	2.1%	0.3%

Return for Risk

ITOT vs. VNQI — Risk / Return Rank

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

ITOT

ITOT Risk / Return Rank: 67
ITOT Sharpe Ratio Rank: 68
ITOT Sortino Ratio Rank: 66
ITOT Omega Ratio Rank: 67
ITOT Calmar Ratio Rank: 62
ITOT Martin Ratio Rank: 75

VNQI

VNQI Risk / Return Rank: 13
VNQI Sharpe Ratio Rank: 13
VNQI Sortino Ratio Rank: 13
VNQI Omega Ratio Rank: 13
VNQI Calmar Ratio Rank: 12
VNQI Martin Ratio Rank: 13

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.

ITOT vs. VNQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Total U.S. Stock Market ETF (ITOT) 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.

	ITOT	VNQI	Difference
Sharpe ratio: Return per unit of total volatility	2.01	0.24	+1.77
Sortino ratio: Return per unit of downside risk	2.71	0.44	+2.28
Omega ratio: Gain probability vs. loss probability	1.36	1.05	+0.31
Calmar ratio: Return relative to maximum drawdown	2.81	0.22	+2.59
Martin ratio: Return relative to average drawdown	12.79	0.66	+12.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITOT vs. VNQI - Sharpe Ratio Comparison

The current ITOT Sharpe Ratio is 2.01, which is higher than the VNQI Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of ITOT and VNQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ITOT	VNQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	0.24	+1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	-0.14	+0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.14	+0.68
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.19	+0.37

Drawdowns

ITOT vs. VNQI - Drawdown Comparison

The maximum ITOT drawdown since its inception was -55.20%, which is greater than VNQI's maximum drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for ITOT and VNQI.

Drawdown Indicators

	ITOT	VNQI	Difference
Max Drawdown Largest peak-to-trough decline	-55.20%	-38.35%	-16.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-14.78%	+5.88%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-16.35%	-3.09%
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	-35.75%	+10.39%
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	-38.35%	+3.35%
Current Drawdown Current decline from peak	-2.65%	-13.24%	+10.59%
Average Drawdown Average peak-to-trough decline	-6.97%	-10.89%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	4.99%	-3.04%

Volatility

ITOT vs. VNQI - Volatility Comparison

iShares Core S&P Total U.S. Stock Market ETF (ITOT) and Vanguard Global ex-U.S. Real Estate ETF (VNQI) have volatilities of 3.91% and 3.90%, 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

	ITOT	VNQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	3.90%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	11.61%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	13.61%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	15.52%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	16.07%	+2.22%

ITOT vs. VNQI - Expense Ratio Comparison

ITOT has a 0.03% expense ratio, which is lower than VNQI's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ITOT vs. VNQI - Dividend Comparison

ITOT's dividend yield for the trailing twelve months is around 1.00%, less than VNQI's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.00%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%
VNQI Vanguard Global ex-U.S. Real Estate ETF	4.90%	4.70%	5.16%	3.74%	0.57%	6.48%	0.93%	7.58%	4.62%	3.86%	5.18%	2.86%

Frequently Asked Questions

Can I hold both ITOT and VNQI in my portfolio?

ITOT and VNQI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITOT or VNQI?

ITOT has higher volatility (3.91%) compared to VNQI (3.90%). In terms of maximum drawdown, ITOT dropped -55.20% vs VNQI's -38.35%.

Which ETF is better, ITOT or VNQI?

On 10-year performance, ITOT leads with 14.81% vs 2.19% for VNQI. On fees, ITOT is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITOT or VNQI?

Over the 10-year period, ITOT has performed better with a 14.81% return vs 2.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITOT or VNQI?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.12% for VNQI.

Which ETF pays a higher dividend yield, ITOT or VNQI?

VNQI has the higher dividend yield at 4.90%, compared with 1.00% for ITOT.

What is the main difference between ITOT and VNQI?

ITOT is categorized as Large Cap Blend Equities, while VNQI is REIT. ITOT tracks S&P Total Market Index, while VNQI tracks S&P Global ex-U.S. Property Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.03% for ITOT and 0.12% for VNQI.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (2.01 vs 0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.