WPS vs. VNQI

Last updated Jun 4, 2026

WPS (iShares International Developed Property ETF) and VNQI (Vanguard Global ex-U.S. Real Estate ETF) are both REIT funds - WPS tracks the S&P Developed ex US Property Index while VNQI tracks the S&P Global ex-U.S. Property Index. Both are passively managed. Their correlation of 0.87 suggests significant overlap in exposure. WPS charges 0.48%/yr vs 0.12%/yr for VNQI.

Performance

WPS vs. VNQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Developed Property ETF (WPS) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WPS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VNQI

• 1D: -1.52%
• 1M: -4.10%
• YTD: -2.57%
• 6M: -1.63%
• 1Y: 5.44%
• 3Y*: 7.91%
• 5Y*: -1.66%
• 10Y*: 2.23%

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

WPS vs. VNQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WPS iShares International Developed Property ETF	0.00%	0.00%	-3.59%	7.43%	-24.74%	9.05%	-5.36%	20.34%	-9.03%	22.86%
VNQI Vanguard Global ex-U.S. Real Estate ETF	-2.57%	21.38%	-2.22%	6.99%	-22.94%	5.93%	-7.22%	21.59%	-9.44%	26.91%

Correlation

The correlation between WPS and VNQI is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Nov 2, 2010	0.87

The correlation between WPS and VNQI shifts across timeframes, from 0.55 (3 years) to 0.87 (all time), reflecting how their relationship changes across market environments.

WPS vs. VNQI - Sectors Allocation Comparison

Sectors	WPS	VNQI
Real Estate	100.0%	91.2%
Basic Materials	-	0.3%
Communication Services	-	-
Consumer Cyclical	-	1.1%
Consumer Defensive	-	0.1%
Energy	-	0.3%
Financial Services	-	1.9%
Healthcare	-	0.0%
Industrials	-	0.7%
Technology	-	0.2%
Utilities	-	0.1%

Return for Risk

WPS vs. VNQI — Risk / Return Rank

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

VNQI

VNQI Risk / Return Rank: 14
VNQI Sharpe Ratio Rank: 14
VNQI Sortino Ratio Rank: 14
VNQI Omega Ratio Rank: 14
VNQI Calmar Ratio Rank: 13
VNQI Martin Ratio Rank: 14

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.

WPS vs. VNQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Property ETF (WPS) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WPS	VNQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.41	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.20	—

Drawdowns

Drawdown Indicators

	WPS	VNQI	Difference
Max Drawdown Largest peak-to-trough decline	—	-38.35%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.35%	—
Current Drawdown Current decline from peak	—	-12.02%	—
Average Drawdown Average peak-to-trough decline	—	-10.89%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.79%	—

Volatility

Volatility by Period

	WPS	VNQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.44%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.50%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.06%	—

WPS vs. VNQI - Expense Ratio Comparison

WPS has a 0.48% expense ratio, which is higher than VNQI's 0.12% expense ratio.

Dividends

WPS vs. VNQI - Dividend Comparison

WPS has not paid dividends to shareholders, while VNQI's dividend yield for the trailing twelve months is around 4.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VNQI Vanguard Global ex-U.S. Real Estate ETF	4.83%	4.70%	5.16%	3.74%	0.57%	6.48%	0.93%	7.58%	4.62%	3.86%	5.18%	2.86%
WPS iShares International Developed Property ETF	0.00%	0.00%	2.48%	2.38%	2.63%	4.36%	2.31%	6.81%	4.45%	4.31%	5.73%	3.20%

Frequently Asked Questions

Can I hold both WPS and VNQI in my portfolio?

WPS and VNQI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WPS or VNQI?

On fees, VNQI is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WPS or VNQI?

VNQI is cheaper with a 0.12% expense ratio, compared with 0.48% for WPS.

Which ETF pays a higher dividend yield, WPS or VNQI?

VNQI has the higher dividend yield at 4.83%, compared with 0.00% for WPS.

What is the main difference between WPS and VNQI?

WPS tracks S&P Developed ex US Property Index, while VNQI tracks S&P Global ex-U.S. Property Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.48% for WPS and 0.12% for VNQI.