VOLTAS.NS vs. VNQ

Last updated Jun 5, 2026

VOLTAS.NS (Voltas Limited) is a stock, while VNQ (Vanguard Real Estate ETF) is REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index. Over the past 10 years, VOLTAS.NS returned 15.17%/yr vs 9.25%/yr for VNQ. At a 0.03 correlation, their price movements are largely independent.

Performance

VOLTAS.NS vs. VNQ - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Voltas Limited (VOLTAS.NS) and Vanguard Real Estate ETF (VNQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VOLTAS.NS is traded in INR, while VNQ is traded in USD. To make them comparable, the VNQ values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VOLTAS.NS achieves a -5.51% return, which is significantly lower than VNQ's 16.83% return. Over the past 10 years, VOLTAS.NS has outperformed VNQ with an annualized return of 15.17%, while VNQ has yielded a comparatively lower 9.25% annualized return.

VOLTAS.NS

• 1D: 4.14%
• 1M: -6.75%
• YTD: -5.51%
• 6M: -2.96%
• 1Y: 3.49%
• 3Y*: 16.59%
• 5Y*: 3.68%
• 10Y*: 15.17%

VNQ

• 1D: -0.17%
• 1M: 0.04%
• YTD: 16.83%
• 6M: 15.99%
• 1Y: 24.50%
• 3Y*: 15.26%
• 5Y*: 8.23%
• 10Y*: 9.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VOLTAS.NS vs. VNQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOLTAS.NS Voltas Limited	-5.51%	-23.65%	83.99%	23.08%	-34.15%	49.36%	25.98%	19.08%	-14.73%	102.23%
VNQ Vanguard Real Estate ETF	16.83%	8.19%	7.99%	12.62%	-18.33%	43.33%	-2.21%	32.18%	2.48%	-1.62%

Correlation

The correlation between VOLTAS.NS and VNQ is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jul 6, 2007	0.03

Return for Risk

VOLTAS.NS vs. VNQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOLTAS.NS

VOLTAS.NS Risk / Return Rank: 45
VOLTAS.NS Sharpe Ratio Rank: 47
VOLTAS.NS Sortino Ratio Rank: 41
VOLTAS.NS Omega Ratio Rank: 40
VOLTAS.NS Calmar Ratio Rank: 47
VOLTAS.NS Martin Ratio Rank: 49

VNQ

VNQ Risk / Return Rank: 28
VNQ Sharpe Ratio Rank: 27
VNQ Sortino Ratio Rank: 26
VNQ Omega Ratio Rank: 26
VNQ Calmar Ratio Rank: 31
VNQ Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOLTAS.NS vs. VNQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voltas Limited (VOLTAS.NS) 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.

	VOLTAS.NS	VNQ	Difference
Sharpe ratio: Return per unit of total volatility	0.17	1.85	-1.68
Sortino ratio: Return per unit of downside risk	0.45	2.60	-2.15
Omega ratio: Gain probability vs. loss probability	1.05	1.32	-0.26
Calmar ratio: Return relative to maximum drawdown	0.24	4.46	-4.22
Martin ratio: Return relative to average drawdown	0.62	12.59	-11.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOLTAS.NS vs. VNQ - Sharpe Ratio Comparison

The current VOLTAS.NS Sharpe Ratio is 0.17, which is lower than the VNQ Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of VOLTAS.NS and VNQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VOLTAS.NS	VNQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	1.85	-1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.46	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.46	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.37	-0.02

Drawdowns

VOLTAS.NS vs. VNQ - Drawdown Comparison

The maximum VOLTAS.NS drawdown since its inception was -87.65%, which is greater than VNQ's maximum drawdown of -61.77%. Use the drawdown chart below to compare losses from any high point for VOLTAS.NS and VNQ.

Drawdown Indicators

	VOLTAS.NS	VNQ	Difference
Max Drawdown Largest peak-to-trough decline	-87.65%	-61.77%	-25.88%
Max Drawdown (1Y) Largest decline over 1 year	-21.72%	-5.52%	-16.20%
Max Drawdown (3Y) Largest decline over 3 years	-37.45%	-16.15%	-21.30%
Max Drawdown (5Y) Largest decline over 5 years	-43.82%	-27.04%	-16.78%
Max Drawdown (10Y) Largest decline over 10 years	-43.82%	-37.92%	-5.90%
Current Drawdown Current decline from peak	-33.04%	-1.40%	-31.64%
Average Drawdown Average peak-to-trough decline	-34.70%	-9.19%	-25.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.39%	1.95%	+6.44%

Volatility

VOLTAS.NS vs. VNQ - Volatility Comparison

Voltas Limited (VOLTAS.NS) has a higher volatility of 9.98% compared to Vanguard Real Estate ETF (VNQ) at 4.55%. This indicates that VOLTAS.NS's price experiences larger fluctuations and is considered to be riskier than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOLTAS.NS	VNQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.98%	4.55%	+5.43%
Volatility (6M) Calculated over the trailing 6-month period	25.93%	9.21%	+16.72%
Volatility (1Y) Calculated over the trailing 1-year period	31.47%	13.33%	+18.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.60%	18.14%	+12.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.97%	19.96%	+12.01%

Dividends

VOLTAS.NS vs. VNQ - Dividend Comparison

VOLTAS.NS's dividend yield for the trailing twelve months is around 0.54%, less than VNQ's 3.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VNQ Vanguard Real Estate ETF	3.60%	3.92%	3.85%	3.95%	3.91%	2.56%	3.93%	3.39%	4.74%	4.23%	4.82%	3.92%
VOLTAS.NS Voltas Limited	0.54%	0.51%	0.31%	0.43%	0.69%	0.41%	0.49%	0.61%	0.72%	0.53%	0.80%	0.69%

Frequently Asked Questions

Can I hold both VOLTAS.NS and VNQ in my portfolio?

VOLTAS.NS and VNQ have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.