VNQI — Vanguard Global ex-U.S. Real Estate Index Fund ETF Shares

VNQI Price Performance — Growth of $10,000

Value of a $10,000 investment in VNQI 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.

VNQI Drawdown

The "underwater" chart: VNQI'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 Global ex-U.S. Real Estate Index Fund ETF Shares (VNQI) operates within the Real Estate category, which ETFValuer tracks with a total of 11 funds. Issued by Vanguard, the fund holds $3.71 billion in assets under management and trades at a price of $46.11 per share. It carries an expense ratio of 0.12% and offers a dividend yield of 4.81%. Across all tracked categories, the ETF holds an overall rank of #372 out of 458 funds and has received an ETFValuer grade of C with a score of 51.4 out of 100. The substantial asset base and moderate pricing suggest established investor adoption relative to the broader universe of tracked funds. Despite its high dividend yield, the fund's lower overall ranking indicates it faces significant competition or performance challenges compared to the broader market of 458 ETFs.

Short-term performance shows positive momentum with a 1-day return of +0.70% and a 1-week gain of +1.34%. This upward trend continued into the 1-month period with a return of +2.90%, though the 3-month horizon reversed direction to a decline of -1.81%. The 6-month return further decreased to -2.47%, while the year-to-date figure sits at a modest +0.20%. Over the longer term, the fund has recovered to post a 1-year return of +4.21% and a 3-year return of +26.33%. This pattern illustrates a divergence where recent short-term gains have not yet fully offset the mid-term declines, resulting in a mixed profile across different time horizons.

The fund is assigned a Low volatility label and has a beta of 0.95, suggesting its price movements are generally less volatile than the broader market. However, the Sharpe ratio of -0.06 indicates that the risk-adjusted returns have been negative over the measured period. This negative risk-adjusted metric coincides with a maximum drawdown of -16.35%, reflecting significant potential for capital loss during downturns. The combination of low volatility and a negative Sharpe ratio implies that while the fund may not experience extreme price swings, it has failed to generate sufficient returns to compensate for the risks taken. Consequently, the fund exhibits a profile where moderate market sensitivity has not translated into positive risk-adjusted performance during periods of decline.

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

VNQI Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 23.2% 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 VNQI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VNQI

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VNQI's top 10 — EWA overlaps most, holding 1 of the same companies as VNQI's top 10 (4.0% of VNQI'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.

VNQI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.65% and average daily volume is 290K/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 $3.71B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VNQI 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.

VNQI Performance History

How VNQI Compares to Other Real Estate ETFs