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VNQI vs. RWO

Last updated Sep 30, 2023

Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate ETF (VNQI) and SPDR Dow Jones Global Real Estate ETF (RWO).

VNQI and RWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. RWO is a passively managed fund by State Street that tracks the performance of the Dow Jones Global Select Real Estate Securities Index. It was launched on May 13, 2008. Both VNQI and RWO 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: VNQI or RWO.

Key characteristics


VNQIRWO
YTD Return-5.83%-4.11%
1Y Return4.44%4.15%
5Y Return (Ann)-3.65%-0.80%
10Y Return (Ann)0.06%2.38%
Sharpe Ratio0.140.08
Daily Std Dev17.21%19.36%
Max Drawdown-38.35%-68.60%

Correlation

0.77
-1.001.00

The correlation between VNQI and RWO is 0.77, 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.

VNQI vs. RWO - Performance Comparison

In the year-to-date period, VNQI achieves a -5.83% return, which is significantly lower than RWO's -4.11% return. Over the past 10 years, VNQI has underperformed RWO with an annualized return of 0.06%, while RWO has yielded a comparatively higher 2.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-6.00%-4.00%-2.00%0.00%2.00%4.00%6.00%MayJuneJulyAugustSeptember
-5.09%
-5.39%
VNQI
RWO

Compare stocks, funds, or ETFs


Vanguard Global ex-U.S. Real Estate ETF

SPDR Dow Jones Global Real Estate ETF

VNQI vs. RWO - Dividend Comparison

VNQI's dividend yield for the trailing twelve months is around 0.60%, less than RWO's 3.91% yield.


TTM20222021202020192018201720162015201420132012
VNQI
Vanguard Global ex-U.S. Real Estate ETF
0.60%0.57%6.52%1.00%8.20%5.40%4.71%6.58%3.82%5.63%4.67%8.24%
RWO
SPDR Dow Jones Global Real Estate ETF
3.91%3.79%2.97%3.56%4.51%4.62%4.00%4.78%3.91%4.18%5.28%5.77%

VNQI vs. RWO - Expense Ratio Comparison

VNQI has a 0.12% expense ratio, which is lower than RWO's 0.50% expense ratio.

0.50%
0.00%2.15%
0.12%
0.00%2.15%

VNQI vs. RWO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate ETF (VNQI) and SPDR Dow Jones Global Real Estate ETF (RWO). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
VNQI
Vanguard Global ex-U.S. Real Estate ETF
0.14
RWO
SPDR Dow Jones Global Real Estate ETF
0.08

VNQI vs. RWO - Sharpe Ratio Comparison

The current VNQI Sharpe Ratio is 0.14, which is higher than the RWO Sharpe Ratio of 0.08. The chart below compares the 12-month rolling Sharpe Ratio of VNQI and RWO.


Rolling 12-month Sharpe Ratio-1.00-0.500.00MayJuneJulyAugustSeptember
0.14
0.08
VNQI
RWO

VNQI vs. RWO - Drawdown Comparison

The maximum VNQI drawdown for the period was -31.86%, roughly equal to the maximum RWO drawdown of -29.08%. The drawdown chart below compares losses from any high point along the way for VNQI and RWO


-32.00%-30.00%-28.00%-26.00%-24.00%-22.00%-20.00%MayJuneJulyAugustSeptember
-31.38%
-28.21%
VNQI
RWO

VNQI vs. RWO - Volatility Comparison

The current volatility for Vanguard Global ex-U.S. Real Estate ETF (VNQI) is 3.11%, while SPDR Dow Jones Global Real Estate ETF (RWO) has a volatility of 4.50%. This indicates that VNQI experiences smaller price fluctuations and is considered to be less risky than RWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%MayJuneJulyAugustSeptember
3.11%
4.50%
VNQI
RWO