VNQI vs. VNQ
Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate ETF (VNQI) and Vanguard Real Estate ETF (VNQ).
VNQI and VNQ 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. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004. Both VNQI and VNQ 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 VNQ.
Key characteristics
| VNQI | VNQ | |
|---|---|---|
| YTD Return | -5.35% | -9.03% |
| 1Y Return | 0.68% | 0.88% |
| 3Y Return (Ann) | -7.98% | -3.08% |
| 5Y Return (Ann) | -3.51% | 2.16% |
| 10Y Return (Ann) | 0.88% | 5.15% |
| Sharpe Ratio | 0.05 | 0.05 |
| Daily Std Dev | 15.29% | 19.00% |
| Max Drawdown | -38.35% | -73.07% |
| Current Drawdown | -26.22% | -24.96% |
Correlation
The correlation between VNQI and VNQ is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VNQI vs. VNQ - Performance Comparison
In the year-to-date period, VNQI achieves a -5.35% return, which is significantly higher than VNQ's -9.03% return. Over the past 10 years, VNQI has underperformed VNQ with an annualized return of 0.88%, while VNQ has yielded a comparatively higher 5.15% 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. VNQ - Expense Ratio Comparison
Both VNQI and VNQ 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%.
Risk-Adjusted Performance
VNQI vs. VNQ - 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 Vanguard Real Estate ETF (VNQ). 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. VNQ - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 3.95%, less than VNQ's 4.34% 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% |
VNQ Vanguard Real Estate ETF | 4.34% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
VNQI vs. VNQ - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for VNQI and VNQ. For additional features, visit the drawdowns tool.
Volatility
VNQI vs. VNQ - Volatility Comparison
The current volatility for Vanguard Global ex-U.S. Real Estate ETF (VNQI) is 3.98%, while Vanguard Real Estate ETF (VNQ) has a volatility of 6.71%. This indicates that VNQI experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.