VNQ vs. VGSIX
Compare and contrast key facts about Vanguard Real Estate ETF (VNQ) and Vanguard Real Estate Index Fund (VGSIX).
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. VGSIX is managed by Vanguard. It was launched on May 13, 1996.
Performance
VNQ vs. VGSIX - Performance Comparison
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VNQ vs. VGSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 3.06% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
VGSIX Vanguard Real Estate Index Fund | 1.65% | 2.04% | 2.67% | 12.97% | -26.29% | 40.18% | -4.87% | 28.74% | -6.14% | 4.80% |
Returns By Period
In the year-to-date period, VNQ achieves a 3.06% return, which is significantly higher than VGSIX's 1.65% return. Over the past 10 years, VNQ has outperformed VGSIX with an annualized return of 4.85%, while VGSIX has yielded a comparatively lower 4.34% annualized 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%
VGSIX
- 1D
- 0.37%
- 1M
- -5.69%
- YTD
- 1.65%
- 6M
- -0.37%
- 1Y
- 1.43%
- 3Y*
- 5.75%
- 5Y*
- 2.34%
- 10Y*
- 4.34%
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VNQ vs. VGSIX - Expense Ratio Comparison
VNQ has a 0.13% expense ratio, which is lower than VGSIX's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VNQ vs. VGSIX — Risk / Return Rank
VNQ
VGSIX
VNQ vs. VGSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and Vanguard Real Estate Index Fund (VGSIX). 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 | VGSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 0.12 | +0.06 |
Sortino ratioReturn per unit of downside risk | 0.36 | 0.28 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.17 | +0.12 |
Martin ratioReturn relative to average drawdown | 1.11 | 0.64 | +0.47 |
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 | VGSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.12 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.12 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.21 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.34 | -0.08 |
Correlation
The correlation between VNQ and VGSIX is 0.99, 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. VGSIX - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.86%, more than VGSIX's 3.77% 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% |
VGSIX Vanguard Real Estate Index Fund | 3.77% | 2.76% | 2.83% | 3.77% | 3.75% | 2.43% | 3.78% | 3.24% | 4.59% | 4.09% | 4.67% | 3.78% |
Drawdowns
VNQ vs. VGSIX - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, roughly equal to the maximum VGSIX drawdown of -73.13%. Use the drawdown chart below to compare losses from any high point for VNQ and VGSIX.
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Drawdown Indicators
| VNQ | VGSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -73.13% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -9.43% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -34.58% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -42.40% | -42.35% | -0.05% |
Current DrawdownCurrent decline from peak | -8.01% | -11.33% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -13.71% | -11.91% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.21% | +0.01% |
Volatility
VNQ vs. VGSIX - Volatility Comparison
Vanguard Real Estate ETF (VNQ) has a higher volatility of 4.84% compared to Vanguard Real Estate Index Fund (VGSIX) at 4.54%. This indicates that VNQ's price experiences larger fluctuations and is considered to be riskier than VGSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQ | VGSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 4.54% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.38% | 9.24% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.37% | 16.33% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 18.87% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.70% | 20.86% | -0.16% |