VNQ vs. SPY
Compare and contrast key facts about Vanguard Real Estate ETF (VNQ) and SPDR S&P 500 ETF (SPY).
VNQ and SPY 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 REIT Index. It was launched on Sep 23, 2004. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both VNQ and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNQ or SPY.
Correlation
The correlation between VNQ and SPY is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VNQ vs. SPY - Performance Comparison
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Key characteristics
VNQ:
0.71
SPY:
0.66
VNQ:
1.19
SPY:
1.12
VNQ:
1.16
SPY:
1.17
VNQ:
0.60
SPY:
0.75
VNQ:
2.61
SPY:
2.92
VNQ:
5.57%
SPY:
4.86%
VNQ:
17.96%
SPY:
20.32%
VNQ:
-73.07%
SPY:
-55.19%
VNQ:
-12.15%
SPY:
-4.60%
Returns By Period
In the year-to-date period, VNQ achieves a 1.62% return, which is significantly higher than SPY's -0.23% return. Over the past 10 years, VNQ has underperformed SPY with an annualized return of 5.17%, while SPY has yielded a comparatively higher 12.59% annualized return.
VNQ
1.62%
7.14%
-4.20%
12.57%
9.56%
5.17%
SPY
-0.23%
9.19%
-2.01%
13.36%
17.44%
12.59%
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VNQ vs. SPY - Expense Ratio Comparison
VNQ has a 0.12% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VNQ vs. SPY — Risk-Adjusted Performance Rank
VNQ
SPY
VNQ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
VNQ vs. SPY - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 4.05%, more than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 4.05% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% |
SPY SPDR S&P 500 ETF | 1.23% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VNQ vs. SPY - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VNQ and SPY. For additional features, visit the drawdowns tool.
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Volatility
VNQ vs. SPY - Volatility Comparison
The current volatility for Vanguard Real Estate ETF (VNQ) is 4.23%, while SPDR S&P 500 ETF (SPY) has a volatility of 6.39%. This indicates that VNQ experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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