RNP vs. VNQ
RNP (Cohen & Steers REIT and Preferred Income Fund, Inc.) is a stock, while VNQ (Vanguard Real Estate ETF) is REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index. Over the past 10 years, RNP returned 7.90%/yr vs 4.90%/yr for VNQ. Their 0.69 correlation means they have sometimes moved together and sometimes differently.
Performance
RNP vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, RNP achieves a 7.80% return, which is significantly lower than VNQ's 14.01% return. Over the past 10 years, RNP has outperformed VNQ with an annualized return of 7.90%, while VNQ has yielded a comparatively lower 4.90% annualized return.
RNP
- 1D
- -0.68%
- 1M
- -0.31%
- 6M
- 4.55%
- YTD
- 7.80%
- 1Y
- 0.01%
- 3Y*
- 9.40%
- 5Y*
- 3.38%
- 10Y*
- 7.90%
- ALL TIME*
- 8.96%
VNQ
- 1D
- -0.54%
- 1M
- 0.95%
- 6M
- 11.11%
- YTD
- 14.01%
- 1Y
- 15.59%
- 3Y*
- 9.39%
- 5Y*
- 2.44%
- 10Y*
- 4.90%
- ALL TIME*
- 7.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.73M | $1.82M | $2.20M | |
| $285.34M | $305.14M | $313.91M |
RNP vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNP Cohen & Steers REIT and Preferred Income Fund, Inc. | 7.80% | 2.57% | 11.88% | 7.73% | -19.95% | 32.84% | 3.31% | 43.14% | -9.46% | 19.65% |
VNQ Vanguard Real Estate ETF | 14.01% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Correlation
The correlation between RNP and VNQ is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.69 |
The correlation between RNP and VNQ has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
RNP vs. VNQ — Risk / Return Rank
RNP
VNQ
RNP vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) 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.
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.
| RNP | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.20 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.84 | -1.91 |
| Martin ratioReturn relative to average drawdown | -0.15 | 5.97 | -6.12 |
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Drawdowns
RNP vs. VNQ - Drawdown Comparison
The maximum RNP drawdown since its inception was -86.93%, which is greater than VNQ's maximum drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for RNP and VNQ.
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Drawdown Indicators
| RNP | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.93% | -73.07% | -13.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -8.34% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -17.46% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -36.19% | -34.48% | -1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -56.68% | -42.40% | -14.28% |
Current DrawdownCurrent decline from peak | -3.24% | -1.98% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -13.06% | -13.54% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 2.57% | +2.76% |
Volatility
RNP vs. VNQ - Volatility Comparison
The current volatility for Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) is 3.06%, while Vanguard Real Estate ETF (VNQ) has a volatility of 4.44%. This indicates that RNP experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNP | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 4.44% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 10.70% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 13.86% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.77% | 18.89% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.25% | 20.76% | +3.49% |
Dividends
RNP vs. VNQ - Dividend Comparison
RNP's dividend yield for the trailing twelve months is around 7.98%, more than VNQ's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNP Cohen & Steers REIT and Preferred Income Fund, Inc. | 7.98% | 8.22% | 7.81% | 8.10% | 13.26% | 5.20% | 6.52% | 6.25% | 8.36% | 7.00% | 7.75% | 8.03% |
VNQ Vanguard Real Estate ETF | 3.51% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
RNP and VNQ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNQ has higher volatility (4.44%) compared to RNP (3.06%). In terms of maximum drawdown, RNP dropped -86.93% vs VNQ's -73.07%.
VNQ currently has the higher Sharpe Ratio (1.11 vs -0.06), 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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