VNQ vs. VNQI
Compare and contrast key facts about Vanguard Real Estate ETF (VNQ) and Vanguard Global ex-U.S. Real Estate ETF (VNQI).
VNQ and VNQI 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. VNQI is a passively managed fund by Vanguard that tracks the performance of the S&P Global ex-U.S. Property Index. It was launched on Nov 1, 2010. Both VNQ and VNQI 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 VNQI.
Performance
VNQ vs. VNQI - Performance Comparison
Returns By Period
In the year-to-date period, VNQ achieves a 10.50% return, which is significantly higher than VNQI's -0.56% return. Over the past 10 years, VNQ has outperformed VNQI with an annualized return of 6.01%, while VNQI has yielded a comparatively lower 0.97% annualized return.
VNQ
10.50%
-0.82%
15.80%
24.89%
4.61%
6.01%
VNQI
-0.56%
-5.00%
0.24%
8.38%
-3.37%
0.97%
Key characteristics
| VNQ | VNQI | |
|---|---|---|
| Sharpe Ratio | 1.48 | 0.52 |
| Sortino Ratio | 2.09 | 0.82 |
| Omega Ratio | 1.26 | 1.10 |
| Calmar Ratio | 0.89 | 0.26 |
| Martin Ratio | 5.33 | 1.78 |
| Ulcer Index | 4.50% | 4.18% |
| Daily Std Dev | 16.22% | 14.41% |
| Max Drawdown | -73.07% | -38.35% |
| Current Drawdown | -8.85% | -22.48% |
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VNQ vs. VNQI - Expense Ratio Comparison
Both VNQ and VNQI have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between VNQ and VNQI is 0.59, 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.
Risk-Adjusted Performance
VNQ vs. VNQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). 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.
Dividends
VNQ vs. VNQI - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.85%, more than VNQI's 3.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 3.76% | 3.74% | 0.57% | 6.48% | 0.93% | 7.57% | 4.62% | 3.86% | 5.18% | 2.86% | 4.11% | 3.27% |
Drawdowns
VNQ vs. VNQI - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, which is greater than VNQI's maximum drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for VNQ and VNQI. For additional features, visit the drawdowns tool.
Volatility
VNQ vs. VNQI - Volatility Comparison
Vanguard Real Estate ETF (VNQ) has a higher volatility of 4.77% compared to Vanguard Global ex-U.S. Real Estate ETF (VNQI) at 3.92%. This indicates that VNQ's price experiences larger fluctuations and is considered to be riskier than VNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.