VONG vs. VNQI
VONG (Vanguard Russell 1000 Growth ETF) and VNQI (Vanguard Global ex-U.S. Real Estate ETF) are both exchange-traded funds - VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while VNQI is a REIT fund tracking the S&P Global ex-U.S. Property Index. Both are passively managed. Over the past 10 years, VONG returned 18.37%/yr vs 2.68%/yr for VNQI. A 0.61 correlation means they provide meaningful diversification when combined. VONG charges 0.06%/yr vs 0.12%/yr for VNQI.
Performance
VONG vs. VNQI - Performance Comparison
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Returns By Period
In the year-to-date period, VONG achieves a 1.40% return, which is significantly higher than VNQI's -2.64% return. Over the past 10 years, VONG has outperformed VNQI with an annualized return of 18.37%, while VNQI has yielded a comparatively lower 2.68% annualized return.
VONG
- 1D
- -0.15%
- 1M
- -4.14%
- YTD
- 1.40%
- 6M
- -0.13%
- 1Y
- 16.17%
- 3Y*
- 21.82%
- 5Y*
- 12.99%
- 10Y*
- 18.37%
VNQI
- 1D
- 0.84%
- 1M
- -2.15%
- YTD
- -2.64%
- 6M
- -3.08%
- 1Y
- 2.39%
- 3Y*
- 8.99%
- 5Y*
- -1.53%
- 10Y*
- 2.68%
VONG vs. VNQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VONG Vanguard Russell 1000 Growth ETF | 1.40% | 18.45% | 33.20% | 42.67% | -29.18% | 27.60% | 38.30% | 36.06% | -1.53% | 30.05% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | -2.64% | 21.38% | -2.22% | 6.99% | -22.94% | 5.93% | -7.22% | 21.59% | -9.44% | 26.91% |
Correlation
The correlation between VONG and VNQI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2010 | 0.61 |
Over the past year, the correlation between VONG and VNQI has dropped to 0.41 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
VONG vs. VNQI — Risk / Return Rank
VONG
VNQI
VONG vs. VNQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Growth ETF (VONG) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VONG | VNQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.04 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.16 | +0.84 |
| Martin ratioReturn relative to average drawdown | 3.25 | 0.43 | +2.82 |
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Drawdowns
VONG vs. VNQI - Drawdown Comparison
The maximum VONG drawdown since its inception was -32.72%, smaller than the maximum VNQI drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for VONG and VNQI.
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Drawdown Indicators
| VONG | VNQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.72% | -38.35% | +5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.23% | -14.78% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -23.27% | -16.35% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -32.72% | -34.92% | +2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -32.72% | -38.35% | +5.63% |
Current DrawdownCurrent decline from peak | -6.96% | -12.08% | +5.12% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -10.89% | +6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 5.53% | -0.54% |
Volatility
VONG vs. VNQI - Volatility Comparison
Vanguard Russell 1000 Growth ETF (VONG) has a higher volatility of 6.02% compared to Vanguard Global ex-U.S. Real Estate ETF (VNQI) at 4.50%. This indicates that VONG's price experiences larger fluctuations and is considered to be riskier than VNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VONG | VNQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 4.50% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.51% | 11.94% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.14% | 13.78% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 15.55% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 15.95% | +4.96% |
VONG vs. VNQI - Expense Ratio Comparison
VONG has a 0.06% expense ratio, which is lower than VNQI's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VONG vs. VNQI - Dividend Comparison
VONG's dividend yield for the trailing twelve months is around 0.47%, less than VNQI's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.83% | 4.70% | 5.16% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% |
VONG Vanguard Russell 1000 Growth ETF | 0.47% | 0.45% | 0.55% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% |
Frequently Asked Questions
VONG and VNQI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VONG has higher volatility (6.02%) compared to VNQI (4.50%). In terms of maximum drawdown, VONG dropped -32.72% vs VNQI's -38.35%.
On 10-year performance, VONG leads with 18.37% vs 2.68% for VNQI. On fees, VONG is cheaper at 0.06% per year. On volatility, VNQI has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VONG has performed better with a 18.37% return vs 2.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VONG is cheaper with a 0.06% expense ratio, compared with 0.12% for VNQI.
VNQI has the higher dividend yield at 4.83%, compared with 0.47% for VONG.
VONG is categorized as Large Cap Growth Equities, while VNQI is REIT. VONG tracks Russell 1000 Growth Index, while VNQI tracks S&P Global ex-U.S. Property Index. Their fees differ too: 0.06% for VONG and 0.12% for VNQI.
VONG currently has the higher Sharpe Ratio (1.01 vs 0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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