VNQI vs. VGRLX
Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate ETF (VNQI) and Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX).
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. VGRLX is managed by Vanguard. It was launched on Feb 10, 2011.
Performance
VNQI vs. VGRLX - Performance Comparison
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VNQI vs. VGRLX - 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% |
VGRLX Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares | -3.59% | 22.00% | -2.42% | 6.19% | -22.36% | 5.65% | -6.91% | 21.44% | -9.55% | 26.53% |
Returns By Period
In the year-to-date period, VNQI achieves a -1.94% return, which is significantly higher than VGRLX's -3.59% return. Over the past 10 years, VNQI has outperformed VGRLX with an annualized return of 2.57%, while VGRLX has yielded a comparatively lower 2.43% 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%
VGRLX
- 1D
- 2.01%
- 1M
- -11.36%
- YTD
- -3.59%
- 6M
- -2.86%
- 1Y
- 13.95%
- 3Y*
- 7.55%
- 5Y*
- -0.64%
- 10Y*
- 2.43%
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VNQI vs. VGRLX - Expense Ratio Comparison
Both VNQI and VGRLX 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%.
Return for Risk
VNQI vs. VGRLX — Risk / Return Rank
VNQI
VGRLX
VNQI vs. VGRLX - 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 Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX). 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 | VGRLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.20 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.62 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.96 | +0.15 |
Martin ratioReturn relative to average drawdown | 4.82 | 4.29 | +0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VNQI | VGRLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.20 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | -0.05 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.17 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.21 | -0.01 |
Correlation
The correlation between VNQI and VGRLX is 0.94, 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. VGRLX - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 4.80%, less than VGRLX's 4.87% 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% |
VGRLX Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares | 4.87% | 4.69% | 5.17% | 3.74% | 0.56% | 6.49% | 0.92% | 7.76% | 4.62% | 3.86% | 5.17% | 2.84% |
Drawdowns
VNQI vs. VGRLX - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, roughly equal to the maximum VGRLX drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for VNQI and VGRLX.
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Drawdown Indicators
| VNQI | VGRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -38.77% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -14.35% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -35.75% | -35.54% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | -38.77% | +0.42% |
Current DrawdownCurrent decline from peak | -11.45% | -12.63% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -10.89% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.22% | +0.18% |
Volatility
VNQI vs. VGRLX - Volatility Comparison
Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a higher volatility of 6.30% compared to Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX) at 5.63%. This indicates that VNQI's price experiences larger fluctuations and is considered to be riskier than VGRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQI | VGRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 5.63% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 8.54% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 12.33% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.28% | 13.79% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 14.69% | +1.27% |