VNQ vs. IQRA
Compare and contrast key facts about Vanguard Real Estate ETF (VNQ) and IQ CBRE Real Assets ETF (IQRA).
VNQ and IQRA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Real Estate 25/50 Index. It was launched on Sep 23, 2004. IQRA is an actively managed fund by IndexIQ. It was launched on May 9, 2023.
Performance
VNQ vs. IQRA - Performance Comparison
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VNQ vs. IQRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 3.06% | 3.24% | 4.81% | 10.11% |
IQRA IQ CBRE Real Assets ETF | 5.85% | 12.42% | 5.58% | 2.36% |
Returns By Period
In the year-to-date period, VNQ achieves a 3.06% return, which is significantly lower than IQRA's 5.85% return.
VNQ
- 1D
- 1.36%
- 1M
- -4.43%
- YTD
- 3.06%
- 6M
- 1.04%
- 1Y
- 2.95%
- 3Y*
- 7.33%
- 5Y*
- 3.14%
- 10Y*
- 4.85%
IQRA
- 1D
- 0.57%
- 1M
- -3.27%
- YTD
- 5.85%
- 6M
- 6.81%
- 1Y
- 14.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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VNQ vs. IQRA - Expense Ratio Comparison
VNQ has a 0.13% expense ratio, which is lower than IQRA's 0.65% expense ratio.
Return for Risk
VNQ vs. IQRA — Risk / Return Rank
VNQ
IQRA
VNQ vs. IQRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and IQ CBRE Real Assets ETF (IQRA). 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 | IQRA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 1.09 | -0.91 |
Sortino ratioReturn per unit of downside risk | 0.36 | 1.53 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.29 | 1.49 | -1.20 |
Martin ratioReturn relative to average drawdown | 1.11 | 6.39 | -5.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VNQ | IQRA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 1.09 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.71 | -0.45 |
Correlation
The correlation between VNQ and IQRA is 0.88, 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.
Dividends
VNQ vs. IQRA - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.86%, more than IQRA's 2.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 3.86% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
IQRA IQ CBRE Real Assets ETF | 2.82% | 2.83% | 3.53% | 2.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VNQ vs. IQRA - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, which is greater than IQRA's maximum drawdown of -15.70%. Use the drawdown chart below to compare losses from any high point for VNQ and IQRA.
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Drawdown Indicators
| VNQ | IQRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -15.70% | -57.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -8.58% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.40% | — | — |
Current DrawdownCurrent decline from peak | -8.01% | -5.14% | -2.87% |
Average DrawdownAverage peak-to-trough decline | -13.71% | -3.17% | -10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.28% | +0.94% |
Volatility
VNQ vs. IQRA - Volatility Comparison
Vanguard Real Estate ETF (VNQ) has a higher volatility of 4.84% compared to IQ CBRE Real Assets ETF (IQRA) at 4.44%. This indicates that VNQ's price experiences larger fluctuations and is considered to be riskier than IQRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQ | IQRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 4.44% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.38% | 7.62% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.37% | 12.90% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 12.86% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.70% | 12.86% | +7.84% |