REET vs. VNQI
Compare and contrast key facts about iShares Global REIT ETF (REET) and Vanguard Global ex-U.S. Real Estate ETF (VNQI).
REET and VNQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REET is a passively managed fund by iShares that tracks the performance of the FTSE EPRA/NAREIT Global REIT Index. It was launched on Jul 8, 2014. 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 REET 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REET or VNQI.
Key characteristics
| REET | VNQI | |
|---|---|---|
| YTD Return | -8.00% | -4.63% |
| 1Y Return | -0.91% | 0.59% |
| 3Y Return (Ann) | -3.89% | -7.51% |
| 5Y Return (Ann) | -0.21% | -3.33% |
| Sharpe Ratio | -0.10 | -0.01 |
| Daily Std Dev | 17.07% | 15.38% |
| Max Drawdown | -44.59% | -38.35% |
| Current Drawdown | -22.99% | -25.65% |
Correlation
The correlation between REET and VNQI is 0.70, 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
REET vs. VNQI - Performance Comparison
In the year-to-date period, REET achieves a -8.00% return, which is significantly lower than VNQI's -4.63% 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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REET vs. VNQI - Expense Ratio Comparison
REET has a 0.14% expense ratio, which is higher than VNQI's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
REET vs. VNQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) 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.
Dividends
REET vs. VNQI - Dividend Comparison
REET's dividend yield for the trailing twelve months is around 3.49%, less than VNQI's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REET iShares Global REIT ETF | 3.49% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.30% | 3.56% | 2.11% | 0.00% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 3.92% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% | 4.11% | 3.27% |
Drawdowns
REET vs. VNQI - Drawdown Comparison
The maximum REET drawdown since its inception was -44.59%, which is greater than VNQI's maximum drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for REET and VNQI. For additional features, visit the drawdowns tool.
Volatility
REET vs. VNQI - Volatility Comparison
iShares Global REIT ETF (REET) has a higher volatility of 5.31% compared to Vanguard Global ex-U.S. Real Estate ETF (VNQI) at 4.72%. This indicates that REET'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.