VNQI vs. FIREX
Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate ETF (VNQI) and Fidelity International Real Estate Fund (FIREX).
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. FIREX is managed by Fidelity. It was launched on Sep 8, 2004.
Performance
VNQI vs. FIREX - Performance Comparison
Loading graphics...
VNQI vs. FIREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | -1.94% | 21.38% | -2.22% | 6.99% | -22.94% | 5.93% | -7.22% | 21.59% | -9.44% | 26.91% |
FIREX Fidelity International Real Estate Fund | -3.31% | 22.85% | -9.46% | 4.01% | -26.61% | 11.85% | 5.71% | 27.96% | -6.15% | 24.61% |
Returns By Period
In the year-to-date period, VNQI achieves a -1.94% return, which is significantly higher than FIREX's -3.31% return. Over the past 10 years, VNQI has underperformed FIREX with an annualized return of 2.57%, while FIREX has yielded a comparatively higher 3.60% annualized return.
VNQI
- 1D
- 1.12%
- 1M
- -9.57%
- YTD
- -1.94%
- 6M
- -1.53%
- 1Y
- 15.89%
- 3Y*
- 8.26%
- 5Y*
- -0.29%
- 10Y*
- 2.57%
FIREX
- 1D
- 1.89%
- 1M
- -10.33%
- YTD
- -3.31%
- 6M
- -1.14%
- 1Y
- 14.41%
- 3Y*
- 3.84%
- 5Y*
- -2.02%
- 10Y*
- 3.60%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VNQI vs. FIREX - Expense Ratio Comparison
VNQI has a 0.12% expense ratio, which is lower than FIREX's 0.95% expense ratio.
Return for Risk
VNQI vs. FIREX — Risk / Return Rank
VNQI
FIREX
VNQI vs. FIREX - 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 Fidelity International Real Estate Fund (FIREX). 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.
| VNQI | FIREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.17 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.61 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.05 | +0.06 |
Martin ratioReturn relative to average drawdown | 4.82 | 4.43 | +0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VNQI | FIREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.17 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | -0.15 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.26 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.25 | -0.05 |
Correlation
The correlation between VNQI and FIREX is 0.86, 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
VNQI vs. FIREX - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 4.80%, more than FIREX's 3.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.80% | 4.70% | 5.16% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% |
FIREX Fidelity International Real Estate Fund | 3.07% | 2.97% | 5.27% | 1.86% | 4.44% | 5.44% | 1.77% | 5.10% | 2.01% | 1.46% | 4.14% | 2.87% |
Drawdowns
VNQI vs. FIREX - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, smaller than the maximum FIREX drawdown of -71.40%. Use the drawdown chart below to compare losses from any high point for VNQI and FIREX.
Loading graphics...
Drawdown Indicators
| VNQI | FIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -71.40% | +33.05% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -13.75% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -35.75% | -37.14% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | -37.14% | -1.21% |
Current DrawdownCurrent decline from peak | -11.45% | -20.18% | +8.73% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -18.74% | +7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.25% | +0.15% |
Volatility
VNQI vs. FIREX - Volatility Comparison
Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a higher volatility of 6.30% compared to Fidelity International Real Estate Fund (FIREX) at 5.66%. This indicates that VNQI's price experiences larger fluctuations and is considered to be riskier than FIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VNQI | FIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 5.66% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 8.87% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 12.97% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.28% | 13.55% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 13.68% | +2.28% |