O vs. VNQI
O (Realty Income Corporation) is a stock, while VNQI (Vanguard Global ex-U.S. Real Estate ETF) is REIT fund tracking the S&P Global ex-U.S. Property Index. Over the past 10 years, O returned 4.89%/yr vs 2.74%/yr for VNQI. At a 0.41 correlation, their price movements are largely independent.
Performance
O vs. VNQI - Performance Comparison
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Returns By Period
In the year-to-date period, O achieves a 13.70% return, which is significantly higher than VNQI's -0.33% return. Over the past 10 years, O has outperformed VNQI with an annualized return of 4.89%, while VNQI has yielded a comparatively lower 2.74% annualized return.
O
- 1D
- 1.31%
- 1M
- 2.40%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.25%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
VNQI
- 1D
- 0.68%
- 1M
- -3.12%
- YTD
- -0.33%
- 6M
- 0.85%
- 1Y
- 5.87%
- 3Y*
- 8.59%
- 5Y*
- -1.50%
- 10Y*
- 2.74%
O vs. VNQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 13.70% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | -0.33% | 21.38% | -2.22% | 6.99% | -22.94% | 5.93% | -7.22% | 21.59% | -9.44% | 26.91% |
Correlation
The correlation between O and VNQI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2010 | 0.41 |
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Return for Risk
O vs. VNQI — Risk / Return Rank
O
VNQI
O vs. VNQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Realty Income Corporation (O) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| O | VNQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.09 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.40 | +0.89 |
| Martin ratioReturn relative to average drawdown | 3.12 | 1.13 | +1.98 |
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Drawdowns
O vs. VNQI - Drawdown Comparison
The maximum O drawdown since its inception was -48.45%, which is greater than VNQI's maximum drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for O and VNQI.
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Drawdown Indicators
| O | VNQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -38.35% | -10.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -14.78% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -16.35% | -10.14% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -35.55% | +1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | -38.35% | -9.93% |
Current DrawdownCurrent decline from peak | -5.94% | -9.99% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -10.89% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 5.19% | -0.61% |
Volatility
O vs. VNQI - Volatility Comparison
Realty Income Corporation (O) has a higher volatility of 5.29% compared to Vanguard Global ex-U.S. Real Estate ETF (VNQI) at 4.62%. This indicates that O's price experiences larger fluctuations and is considered to be riskier than VNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| O | VNQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 4.62% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 11.75% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 13.73% | +2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 15.54% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.64% | 16.07% | +9.57% |
Dividends
O vs. VNQI - Dividend Comparison
O's dividend yield for the trailing twelve months is around 5.16%, more than VNQI's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.72% | 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
O and VNQI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.29%) compared to VNQI (4.62%). In terms of maximum drawdown, O dropped -48.45% vs VNQI's -38.35%.
O currently has the higher Sharpe Ratio (0.88 vs 0.43), 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.
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