VNQ vs. CVX
VNQ (Vanguard Real Estate ETF) is REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index, while CVX (Chevron Corporation) is a stock. Over the past 10 years, VNQ returned 5.30%/yr vs 10.98%/yr for CVX. At a 0.35 correlation, their price movements are largely independent.
Performance
VNQ vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, VNQ achieves a 9.04% return, which is significantly lower than CVX's 26.53% return. Over the past 10 years, VNQ has underperformed CVX with an annualized return of 5.30%, while CVX has yielded a comparatively higher 10.98% annualized return.
VNQ
- 1D
- -1.36%
- 1M
- -1.19%
- YTD
- 9.04%
- 6M
- 9.17%
- 1Y
- 10.45%
- 3Y*
- 9.24%
- 5Y*
- 1.97%
- 10Y*
- 5.30%
CVX
- 1D
- 1.03%
- 1M
- 5.15%
- YTD
- 26.53%
- 6M
- 29.68%
- 1Y
- 40.62%
- 3Y*
- 10.57%
- 5Y*
- 16.60%
- 10Y*
- 10.98%
VNQ vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 9.04% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
CVX Chevron Corporation | 26.53% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between VNQ and CVX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.35 |
Over the past year, the correlation between VNQ and CVX has dropped to 0.01 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
VNQ vs. CVX — Risk / Return Rank
VNQ
CVX
VNQ vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and Chevron Corporation (CVX). 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.
| VNQ | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.92 | -1.66 |
| Martin ratioReturn relative to average drawdown | 3.96 | 7.37 | -3.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VNQ | CVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.86 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.66 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.38 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.38 | -0.11 |
Drawdowns
VNQ vs. CVX - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for VNQ and CVX.
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Drawdown Indicators
| VNQ | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -55.77% | -17.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -13.99% | +5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | -20.64% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -24.95% | -9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -42.40% | -55.77% | +13.37% |
Current DrawdownCurrent decline from peak | -2.67% | -9.56% | +6.89% |
Average DrawdownAverage peak-to-trough decline | -13.62% | -11.39% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 5.53% | -2.88% |
Volatility
VNQ vs. CVX - Volatility Comparison
The current volatility for Vanguard Real Estate ETF (VNQ) is 4.13%, while Chevron Corporation (CVX) has a volatility of 7.14%. This indicates that VNQ experiences smaller price fluctuations and is considered to be less risky than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQ | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 7.14% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 17.78% | -8.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 21.97% | -8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.82% | 25.13% | -6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 29.16% | -8.45% |
Dividends
VNQ vs. CVX - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.65%, less than CVX's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.69% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
VNQ Vanguard Real Estate ETF | 3.65% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
VNQ and CVX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVX has higher volatility (7.14%) compared to VNQ (4.13%). In terms of maximum drawdown, VNQ dropped -73.07% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.86 vs 0.79), 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.
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