VNQ vs. VICI
VNQ (Vanguard Real Estate ETF) is REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index, while VICI (VICI Properties Inc.) is a stock. Over the past 5 years, VNQ returned 2.33%/yr vs 1.90%/yr for VICI. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
VNQ vs. VICI - 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 VICI's -3.43% 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%
VICI
- 1D
- -0.45%
- 1M
- -6.31%
- 6M
- -2.35%
- YTD
- -3.43%
- 1Y
- -16.72%
- 3Y*
- -0.30%
- 5Y*
- 1.90%
- 10Y*
- —
VNQ vs. VICI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 12.42% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | -0.12% |
VICI VICI Properties Inc. | -3.43% | 1.90% | -3.07% | 3.58% | 13.01% | 23.77% | 6.00% | 43.23% | -3.62% | 10.51% |
Correlation
The correlation between VNQ and VICI is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.66 |
The correlation between VNQ and VICI has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
VNQ vs. VICI — Risk / Return Rank
VNQ
VICI
VNQ vs. VICI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and VICI Properties Inc. (VICI). 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 | VICI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.86 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.90 | +2.37 |
| Martin ratioReturn relative to average drawdown | 4.61 | -1.45 | +6.05 |
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Drawdowns
VNQ vs. VICI - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, which is greater than VICI's maximum drawdown of -60.21%. Use the drawdown chart below to compare losses from any high point for VNQ and VICI.
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Drawdown Indicators
| VNQ | VICI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -60.21% | -12.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -18.63% | +10.29% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | -18.63% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -18.63% | -15.85% |
Max Drawdown (10Y)Largest decline over 10 years | -42.40% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -17.53% | +16.42% |
Average DrawdownAverage peak-to-trough decline | -13.57% | -8.26% | -5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 11.58% | -8.93% |
Volatility
VNQ vs. VICI - Volatility Comparison
The current volatility for Vanguard Real Estate ETF (VNQ) is 4.94%, while VICI Properties Inc. (VICI) has a volatility of 7.88%. This indicates that VNQ experiences smaller price fluctuations and is considered to be less risky than VICI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQ | VICI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 7.88% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 14.36% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 17.87% | -3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 21.09% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 29.25% | -8.50% |
Dividends
VNQ vs. VICI - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.56%, less than VICI's 6.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VICI VICI Properties Inc. | 6.85% | 6.28% | 5.80% | 5.05% | 4.63% | 4.58% | 4.92% | 4.58% | 5.31% | 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 VICI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VICI has higher volatility (7.88%) compared to VNQ (4.94%). In terms of maximum drawdown, VNQ dropped -73.07% vs VICI's -60.21%.
VNQ currently has the higher Sharpe Ratio (0.88 vs -0.94), 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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