Correlation
The correlation between VGRNX and VNQI is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
VGRNX vs. VNQI
Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) and Vanguard Global ex-U.S. Real Estate ETF (VNQI).
VGRNX is managed by Vanguard. It was launched on Apr 19, 2011. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGRNX or VNQI.
Performance
VGRNX vs. VNQI - Performance Comparison
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Key characteristics
VGRNX:
0.91
VNQI:
0.81
VGRNX:
1.22
VNQI:
1.18
VGRNX:
1.15
VNQI:
1.15
VGRNX:
0.42
VNQI:
0.43
VGRNX:
1.43
VNQI:
1.51
VGRNX:
7.89%
VNQI:
7.77%
VGRNX:
13.37%
VNQI:
15.11%
VGRNX:
-38.77%
VNQI:
-38.35%
VGRNX:
-14.97%
VNQI:
-14.89%
Returns By Period
The year-to-date returns for both stocks are quite close, with VGRNX having a 12.00% return and VNQI slightly lower at 11.65%. Both investments have delivered pretty close results over the past 10 years, with VGRNX having a 1.37% annualized return and VNQI not far behind at 1.34%.
VGRNX
12.00%
2.63%
7.07%
11.33%
0.29%
2.68%
1.37%
VNQI
11.65%
2.91%
7.11%
11.51%
0.50%
2.71%
1.34%
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VGRNX vs. VNQI - Expense Ratio Comparison
VGRNX has a 0.11% expense ratio, which is lower than VNQI's 0.12% 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%.
Risk-Adjusted Performance
VGRNX vs. VNQI — Risk-Adjusted Performance Rank
VGRNX
VNQI
VGRNX vs. VNQI - Risk-Adjusted Performance 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 Vanguard Global ex-U.S. Real Estate ETF (VNQI). 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.
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Dividends
VGRNX vs. VNQI - Dividend Comparison
VGRNX's dividend yield for the trailing twelve months is around 4.66%, which matches VNQI's 4.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGRNX Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares | 4.66% | 5.21% | 3.76% | 0.58% | 6.50% | 0.94% | 7.64% | 4.64% | 3.87% | 5.19% | 2.86% | 4.13% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.62% | 5.16% | 3.74% | 0.57% | 6.48% | 0.93% | 7.57% | 4.62% | 3.86% | 5.18% | 2.86% | 4.11% |
Drawdowns
VGRNX vs. VNQI - Drawdown Comparison
The maximum VGRNX drawdown since its inception was -38.77%, roughly equal to the maximum VNQI drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for VGRNX and VNQI.
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Volatility
VGRNX vs. VNQI - Volatility Comparison
The current volatility for Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) is 2.62%, while Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a volatility of 3.10%. This indicates that VGRNX experiences smaller price fluctuations and is considered to be less risky than VNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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