ROOF vs. VNQ
Compare and contrast key facts about IQ US Real Estate Small Cap ETF (ROOF) and Vanguard Real Estate ETF (VNQ).
ROOF and VNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROOF is a passively managed fund by New York Life that tracks the performance of the IQ US Real Estate Small Cap Index. It was launched on Jun 14, 2011. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004. Both ROOF 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ROOF or VNQ.
Correlation
The correlation between ROOF and VNQ is 0.85, 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
ROOF vs. VNQ - Performance Comparison
Key characteristics
Returns By Period
ROOF
N/A
N/A
N/A
N/A
N/A
N/A
VNQ
3.40%
2.74%
1.42%
13.70%
2.24%
4.96%
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ROOF vs. VNQ - Expense Ratio Comparison
ROOF has a 0.70% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
ROOF vs. VNQ — Risk-Adjusted Performance Rank
ROOF
VNQ
ROOF vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ US Real Estate Small Cap ETF (ROOF) 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.
Dividends
ROOF vs. VNQ - Dividend Comparison
ROOF has not paid dividends to shareholders, while VNQ's dividend yield for the trailing twelve months is around 3.73%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROOF IQ US Real Estate Small Cap ETF | 2.15% | 2.15% | 2.78% | 4.39% | 3.61% | 4.01% | 5.67% | 6.81% | 5.56% | 5.84% | 3.36% | 5.31% |
VNQ Vanguard Real Estate ETF | 3.73% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% |
Drawdowns
ROOF vs. VNQ - Drawdown Comparison
Volatility
ROOF vs. VNQ - Volatility Comparison
The current volatility for IQ US Real Estate Small Cap ETF (ROOF) is 0.00%, while Vanguard Real Estate ETF (VNQ) has a volatility of 4.36%. This indicates that ROOF 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.