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 category fund issued by Vanguard with $66.4 billion in assets under management. It holds a C grade and ranks second among 11 peers in its category, placing it 260th out of 458 tracked ETFs overall. The fund’s 0.13% expense ratio matches the category median, while its 3.84% dividend yield exceeds the peer average of 3.61%. Top ten holdings comprise 54.9% of assets, with the largest position being the Vanguard Real Estate II Index Fund at 14.5%.

The fund’s price of $88.69 sits at 12.4% of its 52-week range, reflecting a recent decline of 1.38% over one day and 1.05% over one week. Short-term momentum has been negative, with one-month and three-month returns of -6.75% and -7.86% respectively, contrasting with a year-to-date gain of 3.04%. Over the longer term, the fund has delivered a one-year return of 1.64%, slightly outperforming the category median of 1.20%, and a three-year return of 31.84%. The ETFValuer grade has remained unchanged at C across the last 35 tracked days, and price history is available for 3.0 years.

VNQ exhibits a beta of 0.98 and an annualized volatility of 13.71%, which is labeled as Low. The fund has experienced a maximum drawdown of -17.45% and a Sharpe ratio of -0.25, indicating risk-adjusted performance challenges. Liquidity is supported by an average daily volume of 3,418,829 shares. These metrics collectively describe a fund that tracks market movements closely with moderate volatility but has faced recent negative risk-adjusted returns.

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

VNQ Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 54.9% 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 — SCHH overlaps most, holding 9 of the same companies as VNQ's top 10 (40.4% 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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VNQ Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 3.4M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $66.4B 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