VNQ vs. SRVR
VNQ (Vanguard Real Estate ETF) and SRVR (Pacer Data & Infrastructure Real Estate ETF) are both REIT funds - VNQ tracks the MSCI US Investable Market Real Estate 25/50 Index while SRVR tracks the FTSE Nareit All Equity REITs Index. Both are passively managed. Over the past 5 years, VNQ returned 2.33%/yr vs -3.37%/yr for SRVR. A 0.79 correlation means they provide meaningful diversification when combined. VNQ charges 0.13%/yr vs 0.49%/yr for SRVR.
Performance
VNQ vs. SRVR - Performance Comparison
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Returns By Period
In the year-to-date period, VNQ achieves a 12.42% return, which is significantly higher than SRVR's 8.77% return.
VNQ
- 1D
- -0.27%
- 1M
- -0.08%
- 6M
- 10.43%
- YTD
- 12.42%
- 1Y
- 12.18%
- 3Y*
- 8.46%
- 5Y*
- 2.33%
- 10Y*
- 4.88%
SRVR
- 1D
- -0.36%
- 1M
- -8.32%
- 6M
- 3.46%
- YTD
- 8.77%
- 1Y
- -1.52%
- 3Y*
- 3.75%
- 5Y*
- -3.37%
- 10Y*
- —
VNQ vs. SRVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 12.42% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | 1.15% |
SRVR Pacer Data & Infrastructure Real Estate ETF | 8.77% | -1.99% | 2.70% | 6.84% | -31.90% | 22.31% | 11.99% | 41.98% | -3.66% |
Correlation
The correlation between VNQ and SRVR is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.79 |
Over the past year, the correlation between VNQ and SRVR has dropped to 0.57 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
VNQ vs. SRVR — Risk / Return Rank
VNQ
SRVR
VNQ vs. SRVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and Pacer Data & Infrastructure Real Estate ETF (SRVR). 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 | SRVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.00 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.10 | +1.57 |
| Martin ratioReturn relative to average drawdown | 4.61 | -0.20 | +4.81 |
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Drawdowns
VNQ vs. SRVR - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, which is greater than SRVR's maximum drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for VNQ and SRVR.
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Drawdown Indicators
| VNQ | SRVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -40.99% | -32.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -14.78% | +6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | -18.34% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -40.99% | +6.51% |
Max Drawdown (10Y)Largest decline over 10 years | -42.40% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -20.35% | +19.24% |
Average DrawdownAverage peak-to-trough decline | -13.57% | -15.27% | +1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 7.45% | -4.80% |
Volatility
VNQ vs. SRVR - Volatility Comparison
Vanguard Real Estate ETF (VNQ) has a higher volatility of 4.94% compared to Pacer Data & Infrastructure Real Estate ETF (SRVR) at 4.15%. This indicates that VNQ's price experiences larger fluctuations and is considered to be riskier than SRVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQ | SRVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 4.15% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 13.95% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 17.24% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 19.84% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 21.41% | -0.66% |
VNQ vs. SRVR - Expense Ratio Comparison
VNQ has a 0.13% expense ratio, which is lower than SRVR's 0.49% expense ratio.
Dividends
VNQ vs. SRVR - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.56%, more than SRVR's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SRVR Pacer Data & Infrastructure Real Estate ETF | 2.81% | 2.67% | 2.00% | 3.69% | 1.70% | 1.19% | 1.59% | 1.61% | 2.13% | 0.00% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.56% | 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 SRVR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNQ has higher volatility (4.94%) compared to SRVR (4.15%). In terms of maximum drawdown, VNQ dropped -73.07% vs SRVR's -40.99%.
On 5-year performance, VNQ leads with 2.33% vs -3.37% for SRVR. On fees, VNQ is cheaper at 0.13% per year. On volatility, SRVR has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VNQ has performed better with a 2.33% return vs -3.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VNQ is cheaper with a 0.13% expense ratio, compared with 0.49% for SRVR.
VNQ has the higher dividend yield at 3.56%, compared with 2.81% for SRVR.
VNQ tracks MSCI US Investable Market Real Estate 25/50 Index, while SRVR tracks FTSE Nareit All Equity REITs Index. They also come from different issuers: Vanguard and Pacer. Their fees differ too: 0.13% for VNQ and 0.49% for SRVR.
VNQ currently has the higher Sharpe Ratio (0.88 vs -0.09), 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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