VRE vs. VNQ
Compare and contrast key facts about Veris Residential, Inc. (VRE) and Vanguard Real Estate ETF (VNQ).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VRE or VNQ.
Key characteristics
| VRE | VNQ | |
|---|---|---|
| YTD Return | 19.49% | 10.24% |
| 1Y Return | 35.28% | 24.63% |
| 3Y Return (Ann) | -0.50% | -0.98% |
| 5Y Return (Ann) | -1.67% | 4.31% |
| 10Y Return (Ann) | 1.83% | 6.08% |
| Sharpe Ratio | 1.66 | 1.85 |
| Sortino Ratio | 2.31 | 2.65 |
| Omega Ratio | 1.29 | 1.33 |
| Calmar Ratio | 0.79 | 1.17 |
| Martin Ratio | 8.79 | 7.06 |
| Ulcer Index | 4.75% | 4.47% |
| Daily Std Dev | 25.23% | 17.09% |
| Max Drawdown | -71.48% | -73.07% |
| Current Drawdown | -33.63% | -9.06% |
Correlation
The correlation between VRE and VNQ is 0.75, 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
VRE vs. VNQ - Performance Comparison
In the year-to-date period, VRE achieves a 19.49% return, which is significantly higher than VNQ's 10.24% return. Over the past 10 years, VRE has underperformed VNQ with an annualized return of 1.83%, while VNQ has yielded a comparatively higher 6.08% annualized 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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Risk-Adjusted Performance
VRE vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Veris Residential, Inc. (VRE) 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
VRE vs. VNQ - Dividend Comparison
VRE's dividend yield for the trailing twelve months is around 1.26%, less than VNQ's 3.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRE Veris Residential, Inc. | 1.26% | 0.65% | 0.00% | 0.00% | 4.82% | 3.46% | 4.08% | 3.25% | 2.07% | 2.57% | 4.72% | 6.98% |
VNQ Vanguard Real Estate ETF | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
VRE vs. VNQ - Drawdown Comparison
The maximum VRE drawdown since its inception was -71.48%, roughly equal to the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for VRE and VNQ. For additional features, visit the drawdowns tool.
Volatility
VRE vs. VNQ - Volatility Comparison
Veris Residential, Inc. (VRE) has a higher volatility of 8.44% compared to Vanguard Real Estate ETF (VNQ) at 5.25%. This indicates that VRE'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.