TRREX vs. VNQ
Compare and contrast key facts about T. Rowe Price Real Estate Fund (TRREX) and Vanguard Real Estate ETF (VNQ).
TRREX is managed by T. Rowe Price. It was launched on Oct 31, 1997. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRREX or VNQ.
Key characteristics
| TRREX | VNQ | |
|---|---|---|
| YTD Return | 8.39% | 10.24% |
| 1Y Return | 21.51% | 24.63% |
| 3Y Return (Ann) | -1.45% | -0.98% |
| 5Y Return (Ann) | 3.34% | 4.31% |
| 10Y Return (Ann) | 4.79% | 6.08% |
| Sharpe Ratio | 1.66 | 1.85 |
| Sortino Ratio | 2.43 | 2.65 |
| Omega Ratio | 1.30 | 1.33 |
| Calmar Ratio | 1.06 | 1.17 |
| Martin Ratio | 5.80 | 7.06 |
| Ulcer Index | 4.81% | 4.47% |
| Daily Std Dev | 16.77% | 17.09% |
| Max Drawdown | -74.81% | -73.07% |
| Current Drawdown | -10.20% | -9.06% |
Correlation
The correlation between TRREX and VNQ is 0.98, 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
TRREX vs. VNQ - Performance Comparison
In the year-to-date period, TRREX achieves a 8.39% return, which is significantly lower than VNQ's 10.24% return. Over the past 10 years, TRREX has underperformed VNQ with an annualized return of 4.79%, while VNQ has yielded a comparatively higher 6.08% annualized 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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TRREX vs. VNQ - Expense Ratio Comparison
TRREX has a 0.77% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
TRREX vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Real Estate Fund (TRREX) 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
TRREX vs. VNQ - Dividend Comparison
TRREX's dividend yield for the trailing twelve months is around 2.43%, less than VNQ's 3.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRREX T. Rowe Price Real Estate Fund | 2.43% | 2.76% | 2.66% | 1.78% | 3.33% | 2.92% | 2.91% | 2.72% | 2.28% | 2.26% | 2.23% | 2.31% |
VNQ Vanguard Real Estate ETF | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
TRREX vs. VNQ - Drawdown Comparison
The maximum TRREX drawdown since its inception was -74.81%, roughly equal to the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for TRREX and VNQ. For additional features, visit the drawdowns tool.
Volatility
TRREX vs. VNQ - Volatility Comparison
T. Rowe Price Real Estate Fund (TRREX) and Vanguard Real Estate ETF (VNQ) have volatilities of 5.36% and 5.25%, 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.