VRTPX vs. SOAAX

Last updated Jun 4, 2026

VRTPX (Vanguard Real Estate II Index Fund) and SOAAX (Spirit of America Real Estate Income & Growth Fund) are both REIT funds. Over the past 5 years, VRTPX returned 2.05%/yr vs 2.84%/yr for SOAAX. With a 0.97 correlation, they move nearly in lockstep. VRTPX charges 0.08%/yr vs 1.52%/yr for SOAAX.

Performance

VRTPX vs. SOAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Real Estate II Index Fund (VRTPX) and Spirit of America Real Estate Income & Growth Fund (SOAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRTPX achieves a 8.00% return, which is significantly lower than SOAAX's 11.76% return.

VRTPX

• 1D: 0.49%
• 1M: -0.91%
• YTD: 8.00%
• 6M: 6.94%
• 1Y: 10.19%
• 3Y*: 8.88%
• 5Y*: 2.05%
• 10Y*: —

SOAAX

• 1D: 0.34%
• 1M: -1.65%
• YTD: 11.76%
• 6M: 10.35%
• 1Y: 11.63%
• 3Y*: 8.63%
• 5Y*: 2.84%
• 10Y*: 5.14%

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

VRTPX vs. SOAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VRTPX Vanguard Real Estate II Index Fund	8.00%	2.22%	3.72%	13.17%	-26.14%	40.37%	-4.65%	28.96%	-5.99%	1.37%
SOAAX Spirit of America Real Estate Income & Growth Fund	11.76%	-0.90%	7.57%	9.60%	-28.40%	42.01%	-5.06%	28.09%	-6.82%	2.05%

Correlation

The correlation between VRTPX and SOAAX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017	0.97

The correlation between VRTPX and SOAAX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

VRTPX vs. SOAAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VRTPX

VRTPX Risk / Return Rank: 11
VRTPX Sharpe Ratio Rank: 9
VRTPX Sortino Ratio Rank: 9
VRTPX Omega Ratio Rank: 9
VRTPX Calmar Ratio Rank: 13
VRTPX Martin Ratio Rank: 13

SOAAX

SOAAX Risk / Return Rank: 13
SOAAX Sharpe Ratio Rank: 11
SOAAX Sortino Ratio Rank: 10
SOAAX Omega Ratio Rank: 11
SOAAX Calmar Ratio Rank: 16
SOAAX Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VRTPX vs. SOAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate II Index Fund (VRTPX) and Spirit of America Real Estate Income & Growth Fund (SOAAX). 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.

	VRTPX	SOAAX	Difference
Sharpe ratio: Return per unit of total volatility	0.76	0.87	-0.12
Sortino ratio: Return per unit of downside risk	1.11	1.24	-0.12
Omega ratio: Gain probability vs. loss probability	1.14	1.16	-0.02
Calmar ratio: Return relative to maximum drawdown	1.20	1.44	-0.25
Martin ratio: Return relative to average drawdown	3.78	4.32	-0.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VRTPX vs. SOAAX - Sharpe Ratio Comparison

The current VRTPX Sharpe Ratio is 0.76, which is comparable to the SOAAX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of VRTPX and SOAAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VRTPX	SOAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.87	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.16	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.26	-0.01

Drawdowns

VRTPX vs. SOAAX - Drawdown Comparison

The maximum VRTPX drawdown since its inception was -42.33%, smaller than the maximum SOAAX drawdown of -78.19%. Use the drawdown chart below to compare losses from any high point for VRTPX and SOAAX.

Drawdown Indicators

	VRTPX	SOAAX	Difference
Max Drawdown Largest peak-to-trough decline	-42.33%	-78.19%	+35.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-7.74%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-18.19%	-19.29%	+1.10%
Max Drawdown (5Y) Largest decline over 5 years	-34.35%	-36.03%	+1.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.24%	—
Current Drawdown Current decline from peak	-4.29%	-6.51%	+2.22%
Average Drawdown Average peak-to-trough decline	-11.40%	-14.62%	+3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	2.58%	+0.06%

Volatility

VRTPX vs. SOAAX - Volatility Comparison

Vanguard Real Estate II Index Fund (VRTPX) and Spirit of America Real Estate Income & Growth Fund (SOAAX) have volatilities of 3.79% and 3.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRTPX	SOAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.68%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	9.19%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	12.80%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	18.24%	+0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	19.72%	+2.07%

VRTPX vs. SOAAX - Expense Ratio Comparison

VRTPX has a 0.08% expense ratio, which is lower than SOAAX's 1.52% expense ratio.

Dividends

VRTPX vs. SOAAX - Dividend Comparison

VRTPX's dividend yield for the trailing twelve months is around 3.61%, less than SOAAX's 9.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOAAX Spirit of America Real Estate Income & Growth Fund	9.52%	10.64%	9.53%	9.32%	9.32%	6.12%	8.13%	7.11%	8.47%	6.87%	7.18%	8.97%
VRTPX Vanguard Real Estate II Index Fund	3.61%	2.79%	3.80%	3.93%	4.52%	2.58%	3.92%	3.50%	4.77%	1.32%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VRTPX and SOAAX in my portfolio?

With a correlation of 0.95, VRTPX and SOAAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VRTPX or SOAAX?

VRTPX has higher volatility (3.79%) compared to SOAAX (3.68%). In terms of maximum drawdown, VRTPX dropped -42.33% vs SOAAX's -78.19%.

Which has better risk-adjusted returns?

SOAAX currently has the higher Sharpe Ratio (0.87 vs 0.76), 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.