VGSNX vs. VNQ
Compare and contrast key facts about Vanguard Real Estate Index Fund Institutional Shares (VGSNX) and Vanguard Real Estate ETF (VNQ).
VGSNX is managed by Vanguard. It was launched on Dec 2, 2003. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGSNX or VNQ.
Key characteristics
| VGSNX | VNQ | |
|---|---|---|
| YTD Return | 10.37% | 10.24% |
| 1Y Return | 24.66% | 24.63% |
| 3Y Return (Ann) | -0.96% | -0.98% |
| 5Y Return (Ann) | 4.30% | 4.31% |
| 10Y Return (Ann) | 6.08% | 6.08% |
| Sharpe Ratio | 1.85 | 1.85 |
| Sortino Ratio | 2.66 | 2.65 |
| Omega Ratio | 1.34 | 1.33 |
| Calmar Ratio | 1.17 | 1.17 |
| Martin Ratio | 7.15 | 7.06 |
| Ulcer Index | 4.42% | 4.47% |
| Daily Std Dev | 17.06% | 17.09% |
| Max Drawdown | -73.07% | -73.07% |
| Current Drawdown | -8.93% | -9.06% |
Correlation
The correlation between VGSNX and VNQ is 0.99, 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.
Performance
VGSNX vs. VNQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with VGSNX having a 10.37% return and VNQ slightly lower at 10.24%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: VGSNX at 6.08% and VNQ at 6.08%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VGSNX vs. VNQ - Expense Ratio Comparison
VGSNX has a 0.10% expense ratio, which is lower than VNQ'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
VGSNX vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate Index Fund Institutional Shares (VGSNX) and Vanguard Real Estate ETF (VNQ). 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.
Dividends
VGSNX vs. VNQ - Dividend Comparison
VGSNX's dividend yield for the trailing twelve months is around 3.87%, which matches VNQ's 3.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 3.87% | 3.97% | 3.94% | 2.57% | 3.94% | 3.41% | 4.76% | 4.26% | 4.84% | 3.94% | 3.62% | 4.34% |
VNQ Vanguard Real Estate ETF | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
VGSNX vs. VNQ - Drawdown Comparison
The maximum VGSNX drawdown since its inception was -73.07%, roughly equal to the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for VGSNX and VNQ. For additional features, visit the drawdowns tool.
Volatility
VGSNX vs. VNQ - Volatility Comparison
Vanguard Real Estate Index Fund Institutional Shares (VGSNX) and Vanguard Real Estate ETF (VNQ) have volatilities of 5.21% and 5.25%, 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.