VGRNX vs. SWASX
Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) and Schwab Global Real Estate Fund™ (SWASX).
VGRNX is managed by Vanguard. It was launched on Apr 19, 2011. SWASX is managed by Charles Schwab. It was launched on May 30, 2007.
Performance
VGRNX vs. SWASX - Performance Comparison
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VGRNX vs. SWASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGRNX Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares | -3.59% | 22.02% | -2.40% | 6.35% | -22.47% | 5.63% | -6.90% | 21.50% | -9.54% | 26.55% |
SWASX Schwab Global Real Estate Fund™ | -0.15% | 11.33% | 1.42% | 8.49% | -25.10% | 25.32% | -12.10% | 27.81% | -7.66% | 14.38% |
Returns By Period
In the year-to-date period, VGRNX achieves a -3.59% return, which is significantly lower than SWASX's -0.15% return. Over the past 10 years, VGRNX has underperformed SWASX with an annualized return of 2.44%, while SWASX has yielded a comparatively higher 3.14% annualized return.
VGRNX
- 1D
- 1.99%
- 1M
- -11.38%
- YTD
- -3.59%
- 6M
- -2.85%
- 1Y
- 13.92%
- 3Y*
- 7.61%
- 5Y*
- -0.64%
- 10Y*
- 2.44%
SWASX
- 1D
- 0.45%
- 1M
- -10.00%
- YTD
- -0.15%
- 6M
- 0.15%
- 1Y
- 9.58%
- 3Y*
- 6.25%
- 5Y*
- 1.36%
- 10Y*
- 3.14%
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VGRNX vs. SWASX - Expense Ratio Comparison
VGRNX has a 0.11% expense ratio, which is lower than SWASX's 1.05% expense ratio.
Return for Risk
VGRNX vs. SWASX — Risk / Return Rank
VGRNX
SWASX
VGRNX vs. SWASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) and Schwab Global Real Estate Fund™ (SWASX). 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.
| VGRNX | SWASX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 0.76 | +0.43 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.10 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 0.94 | +0.02 |
Martin ratioReturn relative to average drawdown | 4.29 | 3.87 | +0.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGRNX | SWASX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.76 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.09 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.18 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.10 | +0.12 |
Correlation
The correlation between VGRNX and SWASX is 0.83, 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.
Dividends
VGRNX vs. SWASX - Dividend Comparison
VGRNX's dividend yield for the trailing twelve months is around 4.88%, more than SWASX's 2.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGRNX Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares | 4.88% | 4.71% | 5.21% | 3.76% | 0.58% | 6.50% | 0.94% | 7.81% | 4.64% | 3.87% | 5.19% | 2.86% |
SWASX Schwab Global Real Estate Fund™ | 2.22% | 3.11% | 3.32% | 3.29% | 3.00% | 3.71% | 2.94% | 7.38% | 4.24% | 3.32% | 4.67% | 3.00% |
Drawdowns
VGRNX vs. SWASX - Drawdown Comparison
The maximum VGRNX drawdown since its inception was -38.77%, smaller than the maximum SWASX drawdown of -69.47%. Use the drawdown chart below to compare losses from any high point for VGRNX and SWASX.
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Drawdown Indicators
| VGRNX | SWASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -69.47% | +30.70% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | -10.89% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -35.59% | -32.31% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -38.77% | -44.19% | +5.42% |
Current DrawdownCurrent decline from peak | -12.65% | -10.36% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -15.62% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.66% | +0.57% |
Volatility
VGRNX vs. SWASX - Volatility Comparison
Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) has a higher volatility of 5.62% compared to Schwab Global Real Estate Fund™ (SWASX) at 4.17%. This indicates that VGRNX's price experiences larger fluctuations and is considered to be riskier than SWASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGRNX | SWASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 4.17% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 7.69% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 13.27% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 15.38% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 17.04% | -2.35% |