VGSLX vs. SAREX
Compare and contrast key facts about Vanguard Real Estate Index Fund Admiral Shares (VGSLX) and SA Real Estate Securities Fund (SAREX).
VGSLX is managed by Vanguard. It was launched on Nov 12, 2001. SAREX is managed by SA Funds. It was launched on Apr 2, 2007.
Performance
VGSLX vs. SAREX - Performance Comparison
Loading graphics...
Returns By Period
In the year-to-date period, VGSLX achieves a 3.08% return, which is significantly lower than SAREX's 5.20% return. Both investments have delivered pretty close results over the past 10 years, with VGSLX having a 4.83% annualized return and SAREX not far behind at 4.59%.
VGSLX
- 1D
- 1.36%
- 1M
- -3.66%
- YTD
- 3.08%
- 6M
- 0.66%
- 1Y
- 11.41%
- 3Y*
- 7.30%
- 5Y*
- 3.13%
- 10Y*
- 4.83%
SAREX
- 1D
- 1.41%
- 1M
- -3.60%
- YTD
- 5.20%
- 6M
- 2.94%
- 1Y
- 8.88%
- 3Y*
- 6.75%
- 5Y*
- 3.18%
- 10Y*
- 4.59%
VGSLX vs. SAREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGSLX Vanguard Real Estate Index Fund Admiral Shares | 3.08% | 3.18% | 3.67% | 13.13% | -26.20% | 40.39% | -4.75% | 28.90% | -5.99% | 4.91% |
SAREX SA Real Estate Securities Fund | 5.20% | 0.73% | 4.61% | 10.60% | -25.42% | 40.94% | -6.22% | 26.91% | -4.00% | 4.61% |
Correlation
The correlation between VGSLX and SAREX is 0.98 — these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk. Consider pairing with a less correlated asset class instead.
VGSLX vs. SAREX - Expense Ratio Comparison
VGSLX has a 0.12% expense ratio, which is lower than SAREX's 0.75% expense ratio.
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. SAREX — Risk / Return Rank
VGSLX
SAREX
VGSLX vs. SAREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate Index Fund Admiral Shares (VGSLX) and SA Real Estate Securities Fund (SAREX). 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.
| VGSLX | SAREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 0.12 | +0.06 |
Sortino ratioReturn per unit of downside risk | 0.36 | 0.39 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.16 | +0.12 |
Martin ratioReturn relative to average drawdown | 1.09 | 0.52 | +0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VGSLX | SAREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.12 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.15 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.21 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.19 | +0.12 |
Drawdowns
VGSLX vs. SAREX - Drawdown Comparison
The maximum VGSLX drawdown since its inception was -73.05%, which is greater than SAREX's maximum drawdown of -68.50%. Use the drawdown chart below to compare losses from any high point for VGSLX and SAREX.
Loading graphics...
Drawdown Indicators
| VGSLX | SAREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -68.50% | -4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -13.63% | +5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -34.41% | -33.87% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -42.34% | -41.56% | -0.78% |
Current DrawdownCurrent decline from peak | -7.95% | -10.69% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -12.63% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 4.46% | -1.24% |
Volatility
VGSLX vs. SAREX - Volatility Comparison
The current volatility for Vanguard Real Estate Index Fund Admiral Shares (VGSLX) is 4.81%, while SA Real Estate Securities Fund (SAREX) has a volatility of 21.49%. This indicates that VGSLX experiences smaller price fluctuations and is considered to be less risky than SAREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VGSLX | SAREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 21.49% | -16.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.35% | 22.61% | -13.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 27.99% | -11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 21.35% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.85% | 21.79% | -0.94% |
Dividends
VGSLX vs. SAREX - Dividend Comparison
VGSLX's dividend yield for the trailing twelve months is around 3.86%, more than SAREX's 3.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSLX Vanguard Real Estate Index Fund Admiral Shares | 3.86% | 3.92% | 3.85% | 3.91% | 3.91% | 2.56% | 3.92% | 3.39% | 4.73% | 4.23% | 4.82% | 3.92% |
SAREX SA Real Estate Securities Fund | 3.06% | 3.22% | 3.22% | 3.04% | 7.62% | 8.33% | 3.87% | 4.29% | 3.98% | 2.90% | 3.67% | 1.80% |