VPN vs. VNQ
Compare and contrast key facts about Global X Data Center REITs & Digital Infrastructure ETF (VPN) and Vanguard Real Estate ETF (VNQ).
VPN and VNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VPN is a passively managed fund by Global X that tracks the performance of the Solactive Data Center REITs & Digital Infrastructure Index. It was launched on Oct 27, 2020. 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 VPN 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: VPN or VNQ.
Key characteristics
| VPN | VNQ | |
|---|---|---|
| YTD Return | 19.55% | 11.73% |
| 1Y Return | 35.44% | 33.45% |
| 3Y Return (Ann) | 1.13% | -0.66% |
| Sharpe Ratio | 1.92 | 1.83 |
| Sortino Ratio | 2.77 | 2.62 |
| Omega Ratio | 1.33 | 1.33 |
| Calmar Ratio | 1.26 | 1.01 |
| Martin Ratio | 7.26 | 7.04 |
| Ulcer Index | 4.78% | 4.45% |
| Daily Std Dev | 18.06% | 17.13% |
| Max Drawdown | -39.01% | -73.07% |
| Current Drawdown | -2.08% | -7.83% |
Correlation
The correlation between VPN and VNQ is 0.73, 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.
Performance
VPN vs. VNQ - Performance Comparison
In the year-to-date period, VPN achieves a 19.55% return, which is significantly higher than VNQ's 11.73% 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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VPN vs. VNQ - Expense Ratio Comparison
VPN has a 0.50% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
VPN vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure ETF (VPN) 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
VPN vs. VNQ - Dividend Comparison
VPN's dividend yield for the trailing twelve months is around 1.17%, less than VNQ's 3.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPN Global X Data Center REITs & Digital Infrastructure ETF | 1.17% | 1.18% | 2.57% | 0.85% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.80% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
VPN vs. VNQ - Drawdown Comparison
The maximum VPN drawdown since its inception was -39.01%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for VPN and VNQ. For additional features, visit the drawdowns tool.
Volatility
VPN vs. VNQ - Volatility Comparison
Global X Data Center REITs & Digital Infrastructure ETF (VPN) has a higher volatility of 5.93% compared to Vanguard Real Estate ETF (VNQ) at 5.30%. This indicates that VPN'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.