VGSR vs. VNQI

Last updated Aug 2, 2026

VGSR (Vert Global Sustainable Real Estate ETF) and VNQI (Vanguard Global ex-U.S. Real Estate ETF) are both REIT funds. VGSR is actively managed, while VNQI is passively managed. Over the past year, VGSR returned 17.47% vs 5.97% for VNQI. Their 0.70 correlation means they have sometimes moved together and sometimes differently. VGSR charges 0.45%/yr vs 0.12%/yr for VNQI.

Performance

VGSR vs. VNQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vert Global Sustainable Real Estate ETF (VGSR) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGSR achieves a 13.91% return, which is significantly higher than VNQI's 0.41% return.

VGSR

• 1D: -0.87%
• 1M: 1.83%
• 6M: 10.77%
• YTD: 13.91%
• 1Y: 17.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.55%

VNQI

• 1D: -1.14%
• 1M: 1.54%
• 6M: -3.98%
• YTD: 0.41%
• 1Y: 5.97%
• 3Y*: 8.04%
• 5Y*: -0.65%
• 10Y*: 2.19%
• ALL TIME*: 3.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VGSR Vert Global Sustainable Real Estate ETF	$1.53M	$1.15M	$994.75K
VNQI Vanguard Global ex-U.S. Real Estate ETF	$9.76M	$10.10M	$13.18M

VGSR vs. VNQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VGSR Vert Global Sustainable Real Estate ETF	13.91%	6.31%	5.59%	7.06%
VNQI Vanguard Global ex-U.S. Real Estate ETF	0.41%	21.38%	-2.22%	6.33%

Correlation

The correlation between VGSR and VNQI is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (All Time) Calculated using the full available price history since Dec 4, 2023	0.70

The correlation between VGSR and VNQI has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.

Return for Risk

VGSR vs. VNQI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VGSR

VGSR Risk / Return Rank: 53
VGSR Sharpe Ratio Rank: 57
VGSR Sortino Ratio Rank: 55
VGSR Omega Ratio Rank: 54
VGSR Calmar Ratio Rank: 50
VGSR Martin Ratio Rank: 52

VNQI

VNQI Risk / Return Rank: 20
VNQI Sharpe Ratio Rank: 22
VNQI Sortino Ratio Rank: 22
VNQI Omega Ratio Rank: 21
VNQI Calmar Ratio Rank: 19
VNQI Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VGSR vs. VNQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vert Global Sustainable Real Estate ETF (VGSR) 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.

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.

	VGSR	VNQI	Difference
Sharpe ratio: Return per unit of total volatility	1.35	0.48	+0.88
Sortino ratio: Return per unit of downside risk	1.92	0.77	+1.15
Omega ratio: Gain probability vs. loss probability	1.24	1.09	+0.15
Calmar ratio: Return relative to maximum drawdown	1.78	0.45	+1.33
Martin ratio: Return relative to average drawdown	6.13	1.03	+5.10

VGSR vs. VNQI - Sharpe Ratio Comparison

The current VGSR Sharpe Ratio is 1.35, which is higher than the VNQI Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of VGSR and VNQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VGSR vs. VNQI - Drawdown Comparison

The maximum VGSR drawdown since its inception was -18.33%, smaller than the maximum VNQI drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for VGSR and VNQI.

Drawdown Indicators

	VGSR	VNQI	Difference
Max Drawdown Largest peak-to-trough decline	-18.33%	-38.35%	+20.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.74%	-14.78%	+5.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.92%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.35%	—
Current Drawdown Current decline from peak	-1.54%	-9.32%	+7.78%
Average Drawdown Average peak-to-trough decline	-3.77%	-10.88%	+7.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	6.45%	-3.62%

Volatility

VGSR vs. VNQI - Volatility Comparison

The current volatility for Vert Global Sustainable Real Estate ETF (VGSR) is 3.24%, while Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a volatility of 3.59%. This indicates that VGSR 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.

Volatility by Period

	VGSR	VNQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	3.59%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	10.26%	12.15%	-1.89%
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	13.93%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	15.57%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.95%	15.92%	-0.97%

VGSR vs. VNQI - Expense Ratio Comparison

VGSR has a 0.45% expense ratio, which is higher than VNQI's 0.12% expense ratio.

Dividends

VGSR vs. VNQI - Dividend Comparison

VGSR's dividend yield for the trailing twelve months is around 3.23%, less than VNQI's 4.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGSR Vert Global Sustainable Real Estate ETF	3.23%	3.41%	3.79%	2.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VNQI Vanguard Global ex-U.S. Real Estate ETF	4.68%	4.70%	5.16%	3.74%	0.57%	6.48%	0.93%	7.58%	4.62%	3.86%	5.18%	2.86%

Frequently Asked Questions

Can I hold both VGSR and VNQI in my portfolio?

VGSR and VNQI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGSR or VNQI?

VNQI has higher volatility (3.59%) compared to VGSR (3.24%). In terms of maximum drawdown, VGSR dropped -18.33% vs VNQI's -38.35%.

Which ETF is better, VGSR or VNQI?

On 1-year performance, VGSR leads with 17.47% vs 5.97% for VNQI. On fees, VNQI is cheaper at 0.12% per year. On volatility, VGSR has been the lower-risk option at 3.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VGSR or VNQI?

Over the 1-year period, VGSR has performed better with a 17.47% return vs 5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VGSR or VNQI?

VNQI is cheaper with a 0.12% expense ratio, compared with 0.45% for VGSR.

Which ETF pays a higher dividend yield, VGSR or VNQI?

VNQI has the higher dividend yield at 4.68%, compared with 3.23% for VGSR.

What is the main difference between VGSR and VNQI?

They also come from different issuers: Vert and Vanguard. Their fees differ too: 0.45% for VGSR and 0.12% for VNQI.

Which has better risk-adjusted returns?

VGSR currently has the higher Sharpe Ratio (1.35 vs 0.48), 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.