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 Investable Market Real Estate 25/50 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.
Performance
VPN vs. VNQ - Performance Comparison
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VPN vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VPN Global X Data Center REITs & Digital Infrastructure ETF | 13.55% | 28.99% | 14.92% | 18.93% | -30.89% | 20.35% | 5.81% |
VNQ Vanguard Real Estate ETF | 1.31% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | 11.93% |
Returns By Period
In the year-to-date period, VPN achieves a 13.55% return, which is significantly higher than VNQ's 1.31% return.
VPN
- 1D
- 3.90%
- 1M
- -6.26%
- YTD
- 13.55%
- 6M
- 17.74%
- 1Y
- 49.09%
- 3Y*
- 23.89%
- 5Y*
- 10.33%
- 10Y*
- —
VNQ
- 1D
- 1.57%
- 1M
- -6.31%
- YTD
- 1.31%
- 6M
- -1.04%
- 1Y
- 1.86%
- 3Y*
- 6.44%
- 5Y*
- 2.79%
- 10Y*
- 4.65%
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VPN vs. VNQ - Expense Ratio Comparison
VPN has a 0.50% expense ratio, which is higher than VNQ's 0.13% expense ratio.
Return for Risk
VPN vs. VNQ — Risk / Return Rank
VPN
VNQ
VPN vs. VNQ - 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 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.
| VPN | VNQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 0.11 | +2.01 |
Sortino ratioReturn per unit of downside risk | 2.77 | 0.27 | +2.50 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.04 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 3.74 | 0.23 | +3.52 |
Martin ratioReturn relative to average drawdown | 11.13 | 0.88 | +10.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VPN | VNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.11 | +2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.15 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.26 | +0.25 |
Correlation
The correlation between VPN and VNQ is 0.66, 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.
Dividends
VPN vs. VNQ - Dividend Comparison
VPN's dividend yield for the trailing twelve months is around 0.97%, less than VNQ's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPN Global X Data Center REITs & Digital Infrastructure ETF | 0.97% | 1.10% | 1.72% | 1.18% | 2.57% | 1.27% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.93% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Drawdowns
VPN vs. VNQ - Drawdown Comparison
The maximum VPN drawdown since its inception was -38.98%, 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.
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Drawdown Indicators
| VPN | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -73.07% | +34.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -12.44% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -38.98% | -34.48% | -4.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.40% | — |
Current DrawdownCurrent decline from peak | -8.58% | -9.57% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -13.71% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 3.18% | +1.21% |
Volatility
VPN vs. VNQ - Volatility Comparison
Global X Data Center REITs & Digital Infrastructure ETF (VPN) has a higher volatility of 8.15% compared to Vanguard Real Estate ETF (VNQ) at 4.52%. 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.
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Volatility by Period
| VPN | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 4.52% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 9.29% | +8.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.24% | 16.33% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 18.81% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 20.71% | +1.12% |