VGRNX vs. VOO
Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) and Vanguard S&P 500 ETF (VOO).
VGRNX is managed by Vanguard. It was launched on Apr 19, 2011. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
VGRNX vs. VOO - Performance Comparison
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VGRNX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
The year-to-date returns for both stocks are quite close, with VGRNX having a -3.59% return and VOO slightly lower at -3.66%. Over the past 10 years, VGRNX has underperformed VOO with an annualized return of 2.44%, while VOO has yielded a comparatively higher 14.14% 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%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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VGRNX vs. VOO - Expense Ratio Comparison
VGRNX has a 0.11% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VGRNX vs. VOO — Risk / Return Rank
VGRNX
VOO
VGRNX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.01 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.53 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.55 | -0.59 |
Martin ratioReturn relative to average drawdown | 4.29 | 7.31 | -3.02 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.01 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.71 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.79 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.83 | -0.61 |
Correlation
The correlation between VGRNX and VOO 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.
Dividends
VGRNX vs. VOO - Dividend Comparison
VGRNX's dividend yield for the trailing twelve months is around 4.88%, more than VOO's 1.18% 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
VGRNX vs. VOO - Drawdown Comparison
The maximum VGRNX drawdown since its inception was -38.77%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VGRNX and VOO.
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Drawdown Indicators
| VGRNX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -33.99% | -4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | -11.98% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -35.59% | -24.52% | -11.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.77% | -33.99% | -4.78% |
Current DrawdownCurrent decline from peak | -12.65% | -5.55% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -3.72% | -7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.55% | +0.68% |
Volatility
VGRNX vs. VOO - Volatility Comparison
Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) has a higher volatility of 5.62% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that VGRNX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGRNX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 5.34% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 9.47% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 18.11% | -5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 16.82% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 17.99% | -3.30% |