VNQI vs. CVS
VNQI (Vanguard Global ex-U.S. Real Estate ETF) is REIT fund tracking the S&P Global ex-U.S. Property Index, while CVS (CVS Health Corporation) is a stock. Over the past 10 years, VNQI returned 2.74%/yr vs 3.70%/yr for CVS. At a 0.35 correlation, their price movements are largely independent.
Performance
VNQI vs. CVS - Performance Comparison
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Returns By Period
In the year-to-date period, VNQI achieves a -0.33% return, which is significantly lower than CVS's 30.67% return. Over the past 10 years, VNQI has underperformed CVS with an annualized return of 2.74%, while CVS has yielded a comparatively higher 3.70% annualized return.
VNQI
- 1D
- 0.68%
- 1M
- -3.12%
- YTD
- -0.33%
- 6M
- 0.85%
- 1Y
- 5.87%
- 3Y*
- 8.59%
- 5Y*
- -1.50%
- 10Y*
- 2.74%
CVS
- 1D
- 1.47%
- 1M
- 3.92%
- YTD
- 30.67%
- 6M
- 30.57%
- 1Y
- 59.29%
- 3Y*
- 16.60%
- 5Y*
- 7.08%
- 10Y*
- 3.70%
VNQI vs. CVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | -0.33% | 21.38% | -2.22% | 6.99% | -22.94% | 5.93% | -7.22% | 21.59% | -9.44% | 26.91% |
CVS CVS Health Corporation | 30.67% | 84.35% | -40.77% | -12.53% | -7.63% | 54.87% | -5.14% | 17.26% | -7.04% | -5.75% |
Correlation
The correlation between VNQI and CVS is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2010 | 0.35 |
Over the past year, the correlation between VNQI and CVS has dropped to 0.09 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
VNQI vs. CVS — Risk / Return Rank
VNQI
CVS
VNQI vs. CVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate ETF (VNQI) and CVS Health Corporation (CVS). 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.
| VNQI | CVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.35 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 3.62 | -3.23 |
| Martin ratioReturn relative to average drawdown | 1.13 | 9.33 | -8.19 |
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Drawdowns
VNQI vs. CVS - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, smaller than the maximum CVS drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for VNQI and CVS.
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Drawdown Indicators
| VNQI | CVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -64.07% | +25.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -16.44% | +1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -43.98% | +27.63% |
Max Drawdown (5Y)Largest decline over 5 years | -35.55% | -56.79% | +21.24% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | -56.79% | +18.44% |
Current DrawdownCurrent decline from peak | -9.99% | 0.00% | -9.99% |
Average DrawdownAverage peak-to-trough decline | -10.89% | -19.54% | +8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 6.38% | -1.19% |
Volatility
VNQI vs. CVS - Volatility Comparison
The current volatility for Vanguard Global ex-U.S. Real Estate ETF (VNQI) is 4.62%, while CVS Health Corporation (CVS) has a volatility of 7.50%. This indicates that VNQI experiences smaller price fluctuations and is considered to be less risky than CVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQI | CVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 7.50% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 25.88% | -14.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 31.05% | -17.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 29.98% | -14.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 29.30% | -13.23% |
Dividends
VNQI vs. CVS - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 4.72%, more than CVS's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 2.61% | 3.35% | 5.93% | 3.06% | 2.36% | 1.94% | 2.93% | 2.69% | 3.05% | 2.76% | 2.15% | 1.43% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.72% | 4.70% | 5.16% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% |
Frequently Asked Questions
VNQI and CVS have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVS has higher volatility (7.50%) compared to VNQI (4.62%). In terms of maximum drawdown, VNQI dropped -38.35% vs CVS's -64.07%.
CVS currently has the higher Sharpe Ratio (1.92 vs 0.43), 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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