VNQI vs. RWO
Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate ETF (VNQI) and SPDR Dow Jones Global Real Estate ETF (RWO).
VNQI and RWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. RWO is a passively managed fund by State Street that tracks the performance of the Dow Jones Global Select Real Estate Securities Index. It was launched on May 13, 2008. Both VNQI and RWO 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: VNQI or RWO.
Performance
VNQI vs. RWO - Performance Comparison
Returns By Period
In the year-to-date period, VNQI achieves a -0.77% return, which is significantly lower than RWO's 6.60% return. Over the past 10 years, VNQI has underperformed RWO with an annualized return of 0.91%, while RWO has yielded a comparatively higher 3.08% annualized return.
VNQI
-0.77%
-4.67%
1.73%
7.81%
-3.41%
0.91%
RWO
6.60%
-1.47%
13.34%
19.03%
1.09%
3.08%
Key characteristics
| VNQI | RWO | |
|---|---|---|
| Sharpe Ratio | 0.57 | 1.32 |
| Sortino Ratio | 0.89 | 1.90 |
| Omega Ratio | 1.11 | 1.24 |
| Calmar Ratio | 0.29 | 0.76 |
| Martin Ratio | 1.92 | 4.60 |
| Ulcer Index | 4.24% | 4.22% |
| Daily Std Dev | 14.38% | 14.67% |
| Max Drawdown | -38.35% | -68.60% |
| Current Drawdown | -22.65% | -11.47% |
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VNQI vs. RWO - Expense Ratio Comparison
VNQI has a 0.12% expense ratio, which is lower than RWO's 0.50% expense ratio.
Correlation
The correlation between VNQI and RWO is 0.77, 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.
Risk-Adjusted Performance
VNQI vs. RWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate ETF (VNQI) and SPDR Dow Jones Global Real Estate ETF (RWO). 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
VNQI vs. RWO - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 3.76%, more than RWO's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | 3.76% | 3.74% | 0.57% | 6.48% | 0.93% | 7.57% | 4.62% | 3.86% | 5.18% | 2.86% | 4.11% | 3.27% |
RWO SPDR Dow Jones Global Real Estate ETF | 3.40% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% | 3.08% | 3.77% |
Drawdowns
VNQI vs. RWO - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, smaller than the maximum RWO drawdown of -68.60%. Use the drawdown chart below to compare losses from any high point for VNQI and RWO. For additional features, visit the drawdowns tool.
Volatility
VNQI vs. RWO - Volatility Comparison
Vanguard Global ex-U.S. Real Estate ETF (VNQI) and SPDR Dow Jones Global Real Estate ETF (RWO) have volatilities of 3.90% and 3.94%, 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.