VGSLX vs. IVRSX
VGSLX (Vanguard Real Estate Index Fund Admiral Shares) and IVRSX (VY CBRE Real Estate Portfolio) are both REIT funds. Over the past 10 years, VGSLX returned 5.28%/yr vs 5.25%/yr for IVRSX. With a 0.98 correlation, they move nearly in lockstep. VGSLX charges 0.13%/yr vs 0.93%/yr for IVRSX.
Performance
VGSLX vs. IVRSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGSLX achieves a 10.34% return, which is significantly lower than IVRSX's 14.49% return. Both investments have delivered pretty close results over the past 10 years, with VGSLX having a 5.28% annualized return and IVRSX not far behind at 5.25%.
VGSLX
- 1D
- 1.06%
- 1M
- -0.19%
- YTD
- 10.34%
- 6M
- 10.73%
- 1Y
- 10.19%
- 3Y*
- 10.80%
- 5Y*
- 2.52%
- 10Y*
- 5.28%
IVRSX
- 1D
- 0.35%
- 1M
- -0.73%
- YTD
- 14.49%
- 6M
- 14.57%
- 1Y
- 15.37%
- 3Y*
- 8.80%
- 5Y*
- 3.97%
- 10Y*
- 5.25%
VGSLX vs. IVRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGSLX Vanguard Real Estate Index Fund Admiral Shares | 10.34% | 3.18% | 3.67% | 13.13% | -26.20% | 40.39% | -4.75% | 28.90% | -5.99% | 4.91% |
IVRSX VY CBRE Real Estate Portfolio | 14.49% | -0.01% | 4.32% | 14.11% | -27.22% | 51.91% | -6.66% | 28.15% | -10.29% | 5.20% |
Correlation
The correlation between VGSLX and IVRSX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | 0.98 |
The correlation between VGSLX and IVRSX shifts across timeframes, from 0.87 (1 year) to 0.98 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VGSLX vs. IVRSX — Risk / Return Rank
VGSLX
IVRSX
VGSLX vs. IVRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate Index Fund Admiral Shares (VGSLX) and VY CBRE Real Estate Portfolio (IVRSX). 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.
| VGSLX | IVRSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.21 | -0.80 |
| Martin ratioReturn relative to average drawdown | 4.43 | 6.83 | -2.39 |
Loading charts...
Drawdowns
VGSLX vs. IVRSX - Drawdown Comparison
The maximum VGSLX drawdown since its inception was -73.05%, roughly equal to the maximum IVRSX drawdown of -73.77%. Use the drawdown chart below to compare losses from any high point for VGSLX and IVRSX.
Loading charts...
Drawdown Indicators
| VGSLX | IVRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -73.77% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -7.74% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.41% | -19.29% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -34.41% | -34.51% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -42.34% | -45.19% | +2.85% |
Current DrawdownCurrent decline from peak | -1.99% | -2.50% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -12.55% | -11.91% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.44% | +0.22% |
Volatility
VGSLX vs. IVRSX - Volatility Comparison
Vanguard Real Estate Index Fund Admiral Shares (VGSLX) and VY CBRE Real Estate Portfolio (IVRSX) have volatilities of 5.05% and 5.04%, 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.
Loading charts...
Volatility by Period
| VGSLX | IVRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 5.04% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 10.16% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 14.12% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 19.68% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 21.57% | -0.68% |
VGSLX vs. IVRSX - Expense Ratio Comparison
VGSLX has a 0.13% expense ratio, which is lower than IVRSX's 0.93% expense ratio.
Dividends
VGSLX vs. IVRSX - Dividend Comparison
VGSLX's dividend yield for the trailing twelve months is around 3.61%, less than IVRSX's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVRSX VY CBRE Real Estate Portfolio | 4.29% | 2.74% | 2.50% | 8.77% | 26.34% | 1.46% | 13.92% | 2.44% | 11.42% | 2.07% | 1.57% | 1.31% |
VGSLX Vanguard Real Estate Index Fund Admiral Shares | 3.61% | 3.92% | 3.85% | 3.91% | 3.91% | 2.56% | 3.92% | 3.39% | 4.73% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
VGSLX and IVRSX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGSLX has higher volatility (5.05%) compared to IVRSX (5.04%). In terms of maximum drawdown, VGSLX dropped -73.05% vs IVRSX's -73.77%.
IVRSX currently has the higher Sharpe Ratio (1.21 vs 0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for VGSLX and IVRSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer