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

Vanguard Real Estate Index Fund ETF Shares (VNQ) is a real estate-focused ETF managed by Vanguard, one of the largest and most reputable fund issuers. With an overall rank of #240 out of 458 tracked ETFs, VNQ is positioned in the middle of the pack. The fund has an expense ratio of 0.13%, which is relatively low, indicating efficient management. It offers a dividend yield of 3.38%, providing a steady income stream for investors. The fund's assets under management (AUM) stand at $73.1B, suggesting significant investor adoption and confidence in the fund's performance and management.

VNQ's performance shows a mix of short-term and long-term trends. Over the past year, the fund has returned 12.81%, which is slightly below the returns of its closest peers USRT (+20.67%) and RWR (+21.23%). However, over the past three years, VNQ has outperformed its peers with a return of 35.77%. The fund's returns have been relatively stable, with a slight dip in the short term but a steady upward trend over the longer term. This suggests that while there may be some volatility in the short term, the long-term outlook is positive.

VNQ is labeled as having low volatility, with a beta of 0.99, indicating that it tends to move in line with the broader market but with slightly less sensitivity. The Sharpe ratio of 0.57 suggests that for each unit of risk taken, the fund provides a moderate return. The maximum drawdown of -17.45% indicates that the fund experienced a significant decline in value during a downturn, but it has since recovered. This combination of low volatility, moderate Sharpe ratio, and a manageable drawdown suggests that VNQ is a relatively stable investment, suitable for investors seeking exposure to the real estate sector with a focus on risk management and steady returns.

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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

See it in a portfolio

VNQ is one of the twelve funds in the portfolio game. Start with 25% of a virtual $10,000 in it, build the rest however you like, and the builder shows the range this mix has actually produced over every five-day stretch of the last three years — before you commit to anything.

Free, no sign-up, virtual money only.

VNQ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.38% 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 $73.1B 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