VNQ vs. REIT
Compare and contrast key facts about Vanguard Real Estate ETF (VNQ) and ALPS Active REIT ETF (REIT).
VNQ and REIT 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. REIT is an actively managed fund by ALPS. It was launched on Feb 24, 2021.
Performance
VNQ vs. REIT - Performance Comparison
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VNQ vs. REIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 3.06% | 3.24% | 4.81% | 11.85% | -26.25% | 35.84% |
REIT ALPS Active REIT ETF | 6.60% | -0.55% | 7.11% | 13.74% | -21.23% | 33.56% |
Returns By Period
In the year-to-date period, VNQ achieves a 3.06% return, which is significantly lower than REIT's 6.60% 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%
REIT
- 1D
- 1.00%
- 1M
- -3.61%
- YTD
- 6.60%
- 6M
- 5.63%
- 1Y
- 4.55%
- 3Y*
- 8.27%
- 5Y*
- 5.32%
- 10Y*
- —
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VNQ vs. REIT - Expense Ratio Comparison
VNQ has a 0.13% expense ratio, which is lower than REIT's 0.68% expense ratio.
Return for Risk
VNQ vs. REIT — Risk / Return Rank
VNQ
REIT
VNQ vs. REIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and ALPS Active REIT ETF (REIT). 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 | REIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 0.29 | -0.11 |
Sortino ratioReturn per unit of downside risk | 0.36 | 0.49 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.41 | -0.13 |
Martin ratioReturn relative to average drawdown | 1.11 | 1.50 | -0.39 |
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 | REIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.29 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.29 | -0.12 |
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 | 0.34 | -0.08 |
Correlation
The correlation between VNQ and REIT is 0.94, 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. REIT - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.86%, more than REIT's 2.96% 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% |
REIT ALPS Active REIT ETF | 2.96% | 3.20% | 3.06% | 3.13% | 2.81% | 4.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VNQ vs. REIT - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, which is greater than REIT's maximum drawdown of -29.30%. Use the drawdown chart below to compare losses from any high point for VNQ and REIT.
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Drawdown Indicators
| VNQ | REIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -29.30% | -43.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -9.16% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -29.30% | -5.18% |
Max Drawdown (10Y)Largest decline over 10 years | -42.40% | — | — |
Current DrawdownCurrent decline from peak | -8.01% | -4.22% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -13.71% | -10.68% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.45% | -0.23% |
Volatility
VNQ vs. REIT - Volatility Comparison
Vanguard Real Estate ETF (VNQ) and ALPS Active REIT ETF (REIT) have volatilities of 4.84% and 4.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQ | REIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 4.75% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.38% | 9.02% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.37% | 15.88% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 18.59% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.70% | 18.52% | +2.18% |