VNQ — Vanguard Real Estate Index Fund ETF Shares

VNQ Price Performance — Growth of $10,000

Value of a $10,000 investment in VNQ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VNQ Drawdown

The "underwater" chart: VNQ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Real Estate Index Fund ETF Shares (VNQ) operates within the Real Estate category, which ETFValuer currently tracks with 11 distinct funds. Issued by Vanguard, this fund has accumulated assets under management of $71.3 billion and trades at a price of $100.95. It holds an overall rank of #191 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 63.0 out of 100. The fund carries an expense ratio of 0.13% and offers a dividend yield of 3.32%. The substantial asset size and low cost structure suggest significant investor adoption relative to the broader universe of tracked funds. These metrics position the fund as a large-cap option within its specific sector despite its mid-tier overall ranking.

Short-term performance shows a positive trajectory with a 1-day return of +0.41% and a 1-week gain of +1.44%. Momentum increased over the first quarter with a 1-month return of +2.31% and a 3-month return of +7.45%. The trend accelerated further over the half-year period, delivering a 6-month return of +13.83% and a year-to-date return of +16.28%. Over the trailing twelve months, the fund posted a 1-year return of +14.31%. Long-term data indicates sustained growth with a 3-year return of +34.33%. This sequence demonstrates a consistent upward trend across all measured time horizons from one day to three years.

The fund is assigned a Low volatility label and maintains a beta of 1.00, indicating market correlation with standard price movement intensity. A Sharpe ratio of 0.66 suggests the fund has generated moderate risk-adjusted returns relative to the risk taken. The maximum drawdown recorded for the fund stands at -17.45%, reflecting the largest peak-to-trough decline experienced. This combination of a low volatility classification and a beta of 1.00 implies the fund moves in line with the broader market without amplifying swings. The Sharpe ratio and maximum drawdown figures together characterize the fund's behavior as having managed downside risk reasonably well during periods of decline. Investors observing these metrics would see a profile consistent with a standard real estate exposure that has experienced significant but contained drawdowns.

AI-generated summary based on the data on this page.

VNQ Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 54.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VNQ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VNQ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VNQ's top 10 — XLRE overlaps most, holding 9 of the same companies as VNQ's top 10 (40.1% of VNQ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VNQ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 3.2M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $71.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VNQ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VNQ Performance History

How VNQ Compares to Other Real Estate ETFs