VNO vs. VDC

Last updated Jun 9, 2026

VNO (Vornado Realty Trust) is a stock, while VDC (Vanguard Consumer Staples ETF) is Consumer Staples Equities fund tracking the MSCI US Investable Market Consumer Staples 25/50 Index. Over the past 10 years, VNO returned -3.63%/yr vs 7.63%/yr for VDC. At a 0.46 correlation, their price movements are largely independent.

Performance

VNO vs. VDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vornado Realty Trust (VNO) and Vanguard Consumer Staples ETF (VDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNO achieves a 8.77% return, which is significantly higher than VDC's 7.19% return. Over the past 10 years, VNO has underperformed VDC with an annualized return of -3.63%, while VDC has yielded a comparatively higher 7.63% annualized return.

VNO

• 1D: 2.81%
• 1M: 12.56%
• YTD: 8.77%
• 6M: 8.57%
• 1Y: -8.07%
• 3Y*: 35.06%
• 5Y*: -3.27%
• 10Y*: -3.63%

VDC

• 1D: -0.25%
• 1M: -2.19%
• YTD: 7.19%
• 6M: 7.44%
• 1Y: 4.07%
• 3Y*: 8.08%
• 5Y*: 6.63%
• 10Y*: 7.63%

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

VNO vs. VDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VNO Vornado Realty Trust	8.77%	-19.09%	51.32%	39.50%	-46.66%	17.78%	-40.43%	14.93%	-17.75%	-4.53%
VDC Vanguard Consumer Staples ETF	7.19%	2.17%	13.30%	2.38%	-1.79%	17.64%	10.86%	26.11%	-7.79%	11.85%

Correlation

The correlation between VNO and VDC is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.46

Over the past year, the correlation between VNO and VDC has dropped to 0.12 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Return for Risk

VNO vs. VDC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VNO

VNO Risk / Return Rank: 32
VNO Sharpe Ratio Rank: 32
VNO Sortino Ratio Rank: 28
VNO Omega Ratio Rank: 29
VNO Calmar Ratio Rank: 36
VNO Martin Ratio Rank: 35

VDC

VDC Risk / Return Rank: 14
VDC Sharpe Ratio Rank: 15
VDC Sortino Ratio Rank: 14
VDC Omega Ratio Rank: 14
VDC Calmar Ratio Rank: 15
VDC Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VNO vs. VDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vornado Realty Trust (VNO) and Vanguard Consumer Staples ETF (VDC). 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.

	VNO	VDC	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	0.33	-0.58
Sortino ratio: Return per unit of downside risk	-0.13	0.56	-0.69
Omega ratio: Gain probability vs. loss probability	0.99	1.06	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.20	0.44	-0.64
Martin ratio: Return relative to average drawdown	-0.38	0.90	-1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNO vs. VDC - Sharpe Ratio Comparison

The current VNO Sharpe Ratio is -0.25, which is lower than the VDC Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of VNO and VDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VNO	VDC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	0.33	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.51	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.09	0.52	-0.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.67	-0.38

Drawdowns

VNO vs. VDC - Drawdown Comparison

The maximum VNO drawdown since its inception was -80.89%, which is greater than VDC's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for VNO and VDC.

Drawdown Indicators

	VNO	VDC	Difference
Max Drawdown Largest peak-to-trough decline	-80.89%	-34.24%	-46.65%
Max Drawdown (1Y) Largest decline over 1 year	-41.22%	-9.28%	-31.94%
Max Drawdown (3Y) Largest decline over 3 years	-43.88%	-11.78%	-32.10%
Max Drawdown (5Y) Largest decline over 5 years	-72.46%	-16.55%	-55.91%
Max Drawdown (10Y) Largest decline over 10 years	-80.89%	-25.31%	-55.58%
Current Drawdown Current decline from peak	-41.31%	-7.27%	-34.04%
Average Drawdown Average peak-to-trough decline	-20.59%	-3.73%	-16.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.24%	4.53%	+16.71%

Volatility

VNO vs. VDC - Volatility Comparison

Vornado Realty Trust (VNO) has a higher volatility of 10.04% compared to Vanguard Consumer Staples ETF (VDC) at 4.47%. This indicates that VNO's price experiences larger fluctuations and is considered to be riskier than VDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNO	VDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.04%	4.47%	+5.57%
Volatility (6M) Calculated over the trailing 6-month period	23.04%	9.87%	+13.17%
Volatility (1Y) Calculated over the trailing 1-year period	32.81%	12.43%	+20.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.61%	13.15%	+28.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.11%	14.65%	+24.46%

Dividends

VNO vs. VDC - Dividend Comparison

VNO's dividend yield for the trailing twelve months is around 2.04%, less than VDC's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDC Vanguard Consumer Staples ETF	2.14%	2.26%	2.33%	2.65%	2.37%	2.14%	2.50%	2.44%	2.78%	2.52%	2.39%	2.55%
VNO Vornado Realty Trust	2.04%	2.22%	1.76%	2.39%	10.19%	5.06%	6.37%	6.90%	4.06%	3.00%	2.41%	14.41%

Frequently Asked Questions

Can I hold both VNO and VDC in my portfolio?

VNO and VDC have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNO or VDC?

VNO has higher volatility (10.04%) compared to VDC (4.47%). In terms of maximum drawdown, VNO dropped -80.89% vs VDC's -34.24%.

Which has better risk-adjusted returns?

VDC currently has the higher Sharpe Ratio (0.33 vs -0.25), 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.