VNQ vs. MWMIX
VNQ (Vanguard Real Estate ETF) and MWMIX (VanEck Morningstar Wide Moat Fund) are both funds - VNQ is a REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index, while MWMIX is a Large Cap Blend Equities fund managed by VanEck. Over the past 5 years, VNQ returned 2.36%/yr vs 6.28%/yr for MWMIX. A 0.64 correlation means they provide meaningful diversification when combined. VNQ charges 0.13%/yr vs 0.59%/yr for MWMIX.
Performance
VNQ vs. MWMIX - Performance Comparison
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Returns By Period
In the year-to-date period, VNQ achieves a 11.49% return, which is significantly higher than MWMIX's -2.27% return.
VNQ
- 1D
- -0.07%
- 1M
- 0.95%
- YTD
- 11.49%
- 6M
- 11.16%
- 1Y
- 12.43%
- 3Y*
- 10.04%
- 5Y*
- 2.36%
- 10Y*
- 5.53%
MWMIX
- 1D
- -1.27%
- 1M
- 1.37%
- YTD
- -2.27%
- 6M
- -3.51%
- 1Y
- 10.84%
- 3Y*
- 8.67%
- 5Y*
- 6.28%
- 10Y*
- —
VNQ vs. MWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 11.49% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 1.71% |
MWMIX VanEck Morningstar Wide Moat Fund | -2.27% | 13.17% | 10.30% | 25.20% | -13.46% | 24.12% | 14.15% | 34.85% | -1.49% | -0.52% |
Correlation
The correlation between VNQ and MWMIX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2017 | 0.64 |
The correlation between VNQ and MWMIX shifts across timeframes, from 0.51 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VNQ vs. MWMIX — Risk / Return Rank
VNQ
MWMIX
VNQ vs. MWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and VanEck Morningstar Wide Moat Fund (MWMIX). 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 | MWMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.13 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.83 | +0.66 |
| Martin ratioReturn relative to average drawdown | 4.71 | 2.55 | +2.15 |
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Drawdowns
VNQ vs. MWMIX - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, which is greater than MWMIX's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for VNQ and MWMIX.
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Drawdown Indicators
| VNQ | MWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -33.03% | -40.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -12.42% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | -21.66% | +4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -23.90% | -10.58% |
Max Drawdown (10Y)Largest decline over 10 years | -42.40% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -5.96% | +5.47% |
Average DrawdownAverage peak-to-trough decline | -13.61% | -4.79% | -8.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 4.04% | -1.39% |
Volatility
VNQ vs. MWMIX - Volatility Comparison
Vanguard Real Estate ETF (VNQ) has a higher volatility of 4.74% compared to VanEck Morningstar Wide Moat Fund (MWMIX) at 4.07%. This indicates that VNQ's price experiences larger fluctuations and is considered to be riskier than MWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQ | MWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 4.07% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 9.97% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 13.95% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.85% | 18.66% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 20.46% | +0.26% |
VNQ vs. MWMIX - Expense Ratio Comparison
VNQ has a 0.13% expense ratio, which is lower than MWMIX's 0.59% expense ratio.
Dividends
VNQ vs. MWMIX - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.57%, less than MWMIX's 12.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWMIX VanEck Morningstar Wide Moat Fund | 12.76% | 12.47% | 10.34% | 0.77% | 11.44% | 13.44% | 8.22% | 10.84% | 9.48% | 0.26% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.57% | 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 MWMIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNQ has higher volatility (4.74%) compared to MWMIX (4.07%). In terms of maximum drawdown, VNQ dropped -73.07% vs MWMIX's -33.03%.
VNQ currently has the higher Sharpe Ratio (0.92 vs 0.74), 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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