VNQI vs. RWX
Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate ETF (VNQI) and SPDR DJ Wilshire International Real Estate ETF (RWX).
VNQI and RWX 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. RWX is a passively managed fund by State Street that tracks the performance of the Dow Jones Global ex-U.S. Real Estate Securities Index. It was launched on Dec 15, 2006. Both VNQI and RWX 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 RWX.
Key characteristics
| VNQI | RWX | |
|---|---|---|
| YTD Return | -5.35% | -8.14% |
| 1Y Return | 0.68% | -3.61% |
| 3Y Return (Ann) | -7.98% | -7.91% |
| 5Y Return (Ann) | -3.51% | -3.71% |
| 10Y Return (Ann) | 0.88% | -0.55% |
| Sharpe Ratio | 0.05 | -0.20 |
| Daily Std Dev | 15.29% | 15.28% |
| Max Drawdown | -38.35% | -73.57% |
| Current Drawdown | -26.22% | -26.91% |
Correlation
The correlation between VNQI and RWX is 0.93, 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.
Performance
VNQI vs. RWX - Performance Comparison
In the year-to-date period, VNQI achieves a -5.35% return, which is significantly higher than RWX's -8.14% return. Over the past 10 years, VNQI has outperformed RWX with an annualized return of 0.88%, while RWX has yielded a comparatively lower -0.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VNQI vs. RWX - Expense Ratio Comparison
VNQI has a 0.12% expense ratio, which is lower than RWX's 0.59% expense ratio.
Risk-Adjusted Performance
VNQI vs. RWX - 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 DJ Wilshire International Real Estate ETF (RWX). 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
VNQI vs. RWX - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 3.95%, less than RWX's 4.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | 3.95% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% | 4.11% | 3.27% |
RWX SPDR DJ Wilshire International Real Estate ETF | 4.11% | 3.90% | 4.05% | 4.62% | 2.92% | 8.94% | 5.28% | 2.77% | 8.74% | 2.94% | 3.43% | 4.54% |
Drawdowns
VNQI vs. RWX - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, smaller than the maximum RWX drawdown of -73.57%. Use the drawdown chart below to compare losses from any high point for VNQI and RWX. For additional features, visit the drawdowns tool.
Volatility
VNQI vs. RWX - Volatility Comparison
The current volatility for Vanguard Global ex-U.S. Real Estate ETF (VNQI) is 3.98%, while SPDR DJ Wilshire International Real Estate ETF (RWX) has a volatility of 4.34%. This indicates that VNQI experiences smaller price fluctuations and is considered to be less risky than RWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.