VPN vs. IQRA

Last updated Aug 4, 2026

VPN (Global X Data Center REITs & Digital Infrastructure ETF) and IQRA (IQ CBRE Real Assets ETF) are both REIT funds. VPN is passively managed, while IQRA is actively managed. Over the past 3 years, VPN returned 29.05%/yr vs 11.54%/yr for IQRA. Their 0.55 correlation means they have sometimes moved together and sometimes differently. VPN charges 0.50%/yr vs 0.65%/yr for IQRA.

Performance

VPN vs. IQRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Data Center REITs & Digital Infrastructure ETF (VPN) and IQ CBRE Real Assets ETF (IQRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VPN achieves a 32.24% return, which is significantly higher than IQRA's 10.43% return.

VPN

• 1D: 1.31%
• 1M: -2.32%
• 6M: 13.84%
• YTD: 32.24%
• 1Y: 49.85%
• 3Y*: 29.05%
• 5Y*: 11.28%
• 10Y*: —
• ALL TIME*: 13.44%

IQRA

• 1D: -0.13%
• 1M: 0.48%
• 6M: 7.67%
• YTD: 10.43%
• 1Y: 15.35%
• 3Y*: 11.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.66%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQRA IQ CBRE Real Assets ETF	$2.56K	$1.67K	$1.09K
VPN Global X Data Center REITs & Digital Infrastructure ETF	$22.31M	$27.23M	$44.18M

VPN vs. IQRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VPN Global X Data Center REITs & Digital Infrastructure ETF	32.24%	28.99%	14.92%	16.68%
IQRA IQ CBRE Real Assets ETF	10.43%	12.42%	5.58%	2.80%

Correlation

The correlation between VPN and IQRA is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (All Time) Calculated using the full available price history since May 10, 2023	0.55

The correlation between VPN and IQRA shifts across timeframes, from 0.35 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VPN vs. IQRA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VPN

VPN Risk / Return Rank: 77
VPN Sharpe Ratio Rank: 84
VPN Sortino Ratio Rank: 79
VPN Omega Ratio Rank: 77
VPN Calmar Ratio Rank: 77
VPN Martin Ratio Rank: 70

IQRA

IQRA Risk / Return Rank: 52
IQRA Sharpe Ratio Rank: 55
IQRA Sortino Ratio Rank: 52
IQRA Omega Ratio Rank: 53
IQRA Calmar Ratio Rank: 51
IQRA Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VPN vs. IQRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure ETF (VPN) and IQ CBRE Real Assets ETF (IQRA). 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.

	VPN	IQRA	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.42	+0.60
Sortino ratio: Return per unit of downside risk	2.63	1.96	+0.68
Omega ratio: Gain probability vs. loss probability	1.33	1.25	+0.08
Calmar ratio: Return relative to maximum drawdown	2.80	1.93	+0.88
Martin ratio: Return relative to average drawdown	8.79	6.24	+2.55

VPN vs. IQRA - Sharpe Ratio Comparison

The current VPN Sharpe Ratio is 2.03, which is higher than the IQRA Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of VPN and IQRA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VPN vs. IQRA - Drawdown Comparison

The maximum VPN drawdown since its inception was -38.98%, which is greater than IQRA's maximum drawdown of -15.70%. Use the drawdown chart below to compare losses from any high point for VPN and IQRA.

Drawdown Indicators

	VPN	IQRA	Difference
Max Drawdown Largest peak-to-trough decline	-38.98%	-15.70%	-23.28%
Max Drawdown (1Y) Largest decline over 1 year	-17.88%	-8.01%	-9.87%
Max Drawdown (3Y) Largest decline over 3 years	-24.96%	-12.59%	-12.37%
Max Drawdown (5Y) Largest decline over 5 years	-38.98%	—	—
Current Drawdown Current decline from peak	-14.04%	-2.00%	-12.04%
Average Drawdown Average peak-to-trough decline	-12.26%	-3.09%	-9.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.68%	2.46%	+3.22%

Volatility

VPN vs. IQRA - Volatility Comparison

Global X Data Center REITs & Digital Infrastructure ETF (VPN) has a higher volatility of 8.26% compared to IQ CBRE Real Assets ETF (IQRA) at 2.52%. This indicates that VPN's price experiences larger fluctuations and is considered to be riskier than IQRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPN	IQRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.26%	2.52%	+5.74%
Volatility (6M) Calculated over the trailing 6-month period	19.62%	8.92%	+10.70%
Volatility (1Y) Calculated over the trailing 1-year period	24.76%	10.85%	+13.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	12.77%	+9.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.25%	12.77%	+9.48%

VPN vs. IQRA - Expense Ratio Comparison

VPN has a 0.50% expense ratio, which is lower than IQRA's 0.65% expense ratio.

Dividends

VPN vs. IQRA - Dividend Comparison

VPN's dividend yield for the trailing twelve months is around 0.89%, less than IQRA's 2.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IQRA IQ CBRE Real Assets ETF	2.65%	2.83%	3.53%	2.14%	0.00%	0.00%	0.00%
VPN Global X Data Center REITs & Digital Infrastructure ETF	0.89%	1.10%	1.72%	1.18%	2.57%	1.27%	0.30%

Frequently Asked Questions

Can I hold both VPN and IQRA in my portfolio?

VPN and IQRA have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VPN or IQRA?

VPN has higher volatility (8.26%) compared to IQRA (2.52%). In terms of maximum drawdown, VPN dropped -38.98% vs IQRA's -15.70%.

Which ETF is better, VPN or IQRA?

On 3-year performance, VPN leads with 29.05% vs 11.54% for IQRA. On fees, VPN is cheaper at 0.50% per year. On volatility, IQRA has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPN or IQRA?

Over the 3-year period, VPN has performed better with a 29.05% return vs 11.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPN or IQRA?

VPN is cheaper with a 0.50% expense ratio, compared with 0.65% for IQRA.

Which ETF pays a higher dividend yield, VPN or IQRA?

IQRA has the higher dividend yield at 2.65%, compared with 0.89% for VPN.

What is the main difference between VPN and IQRA?

They also come from different issuers: Global X and IndexIQ. Their fees differ too: 0.50% for VPN and 0.65% for IQRA.

Which has better risk-adjusted returns?

VPN currently has the higher Sharpe Ratio (2.03 vs 1.42), 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.