VGEA.DE vs. VNQ
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and VNQ (Vanguard Real Estate ETF) are both exchange-traded funds - VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while VNQ is a REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.29%/yr vs 3.30%/yr for VNQ. At a 0.20 correlation, their price movements are largely independent. VGEA.DE charges 0.07%/yr vs 0.13%/yr for VNQ.
Performance
VGEA.DE vs. VNQ - Performance Comparison
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Different Trading Currencies
VGEA.DE is traded in EUR, while VNQ is traded in USD. To make them comparable, the VNQ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGEA.DE achieves a 0.33% return, which is significantly lower than VNQ's 13.23% return.
VGEA.DE
- 1D
- 0.33%
- 1M
- 0.92%
- YTD
- 0.33%
- 6M
- 0.63%
- 1Y
- -0.08%
- 3Y*
- 2.47%
- 5Y*
- -2.29%
- 10Y*
- —
VNQ
- 1D
- 0.00%
- 1M
- 3.11%
- YTD
- 13.23%
- 6M
- 12.97%
- 1Y
- 12.10%
- 3Y*
- 7.29%
- 5Y*
- 3.30%
- 10Y*
- 5.22%
VGEA.DE vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.33% | 0.67% | 1.54% | 6.93% | -18.29% | -3.31% | 4.79% | 5.96% |
VNQ Vanguard Real Estate ETF | 14.24% | -9.01% | 11.73% | 8.50% | -21.68% | 51.05% | -12.47% | 13.78% |
Correlation
The correlation between VGEA.DE and VNQ is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.20 |
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Return for Risk
VGEA.DE vs. VNQ — Risk / Return Rank
VGEA.DE
VNQ
VGEA.DE vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) 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.
| VGEA.DE | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.73 | -1.76 |
| Martin ratioReturn relative to average drawdown | -0.06 | 4.54 | -4.60 |
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Drawdowns
VGEA.DE vs. VNQ - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.35%, smaller than the maximum VNQ drawdown of -66.71%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and VNQ.
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Drawdown Indicators
| VGEA.DE | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.35% | -66.71% | +44.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -7.01% | +3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -20.46% | +16.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -31.09% | +9.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.98% | — |
Current DrawdownCurrent decline from peak | -13.71% | -4.32% | -9.39% |
Average DrawdownAverage peak-to-trough decline | -10.34% | -13.79% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 2.67% | -1.32% |
Volatility
VGEA.DE vs. VNQ - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) is 1.59%, while Vanguard Real Estate ETF (VNQ) has a volatility of 4.57%. This indicates that VGEA.DE 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
| VGEA.DE | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 4.57% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 9.79% | -6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 13.22% | -8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 18.15% | -11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 20.90% | -14.97% |
VGEA.DE vs. VNQ - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is lower than VNQ's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VGEA.DE vs. VNQ - Dividend Comparison
VGEA.DE has not paid dividends to shareholders, while VNQ's dividend yield for the trailing twelve months is around 3.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.54% | 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
VGEA.DE and VNQ have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.13% for VNQ.
VGEA.DE is categorized as European Government Bonds, while VNQ is REIT. VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while VNQ tracks MSCI US Investable Market Real Estate 25/50 Index. Their fees differ too: 0.07% for VGEA.DE and 0.13% for VNQ.
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