VNQ vs. IP
VNQ (Vanguard Real Estate ETF) is REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index, while IP (International Paper Company) is a stock. Over the past 10 years, VNQ returned 5.65%/yr vs 3.48%/yr for IP. At a 0.47 correlation, their price movements are largely independent.
Performance
VNQ vs. IP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VNQ achieves a 12.51% return, which is significantly higher than IP's -5.93% return. Over the past 10 years, VNQ has outperformed IP with an annualized return of 5.65%, while IP has yielded a comparatively lower 3.48% annualized return.
VNQ
- 1D
- 0.92%
- 1M
- 3.35%
- YTD
- 12.51%
- 6M
- 12.32%
- 1Y
- 14.02%
- 3Y*
- 10.14%
- 5Y*
- 2.55%
- 10Y*
- 5.65%
IP
- 1D
- 3.43%
- 1M
- 16.10%
- YTD
- -5.93%
- 6M
- -3.85%
- 1Y
- -17.46%
- 3Y*
- 9.44%
- 5Y*
- -5.62%
- 10Y*
- 3.48%
VNQ vs. IP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 12.51% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
IP International Paper Company | -5.93% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
Correlation
The correlation between VNQ and IP is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.47 |
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
VNQ vs. IP — Risk / Return Rank
VNQ
IP
VNQ vs. IP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and International Paper Company (IP). 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.
| VNQ | IP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.95 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | -0.43 | +1.99 |
| Martin ratioReturn relative to average drawdown | 4.90 | -0.78 | +5.68 |
Loading charts...
Drawdowns
VNQ vs. IP - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, smaller than the maximum IP drawdown of -90.62%. Use the drawdown chart below to compare losses from any high point for VNQ and IP.
Loading charts...
Drawdown Indicators
| VNQ | IP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -90.62% | +17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -45.52% | +37.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | -48.61% | +31.15% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -48.61% | +14.13% |
Max Drawdown (10Y)Largest decline over 10 years | -42.40% | -55.27% | +12.87% |
Current DrawdownCurrent decline from peak | 0.00% | -35.82% | +35.82% |
Average DrawdownAverage peak-to-trough decline | -13.61% | -20.89% | +7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 25.34% | -22.69% |
Volatility
VNQ vs. IP - Volatility Comparison
The current volatility for Vanguard Real Estate ETF (VNQ) is 4.72%, while International Paper Company (IP) has a volatility of 15.74%. This indicates that VNQ experiences smaller price fluctuations and is considered to be less risky than IP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VNQ | IP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 15.74% | -11.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 32.96% | -23.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 42.63% | -29.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 32.86% | -14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 32.35% | -11.63% |
Dividends
VNQ vs. IP - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.54%, less than IP's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 5.12% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
VNQ Vanguard Real Estate ETF | 3.54% | 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 IP have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (15.74%) compared to VNQ (4.72%). In terms of maximum drawdown, VNQ dropped -73.07% vs IP's -90.62%.
VNQ currently has the higher Sharpe Ratio (0.96 vs -0.46), 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.
Find the right allocation for VNQ and IP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer