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 as containing 11 funds. Issued by Vanguard, this fund holds $3.71 billion in assets under management and trades at a price of $45.30. It carries an overall rank of #382 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of D with a score of 49.4 out of 100. The fund offers an expense ratio of 0.12% and provides a dividend yield of 4.81%. The combination of a mid-tier asset size and a lower overall rank suggests a specific level of investor adoption relative to the broader universe of tracked funds. Its position as the third-highest ranked fund in its specific category indicates it is among the top tier of the 11 Real Estate ETFs available.

Recent price action shows a one-day gain of +0.58% following a one-week decline of -0.92%. Over the past month, the fund posted a return of +1.50%, though this positive momentum reversed over the subsequent three-month period with a loss of -3.80%. The six-month return stands at -4.23%, while the year-to-date figure is -1.56%. In contrast to these shorter-term negative or mixed results, the one-year return is positive at +1.64%. The three-year annualized return is significantly higher at +22.13%, indicating a divergence between recent performance and the longer-term trend.

VNQI 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. Despite this lower volatility, the fund recorded a maximum drawdown of -16.35% during the measured period. The Sharpe ratio is -0.24, which reflects a return profile that has not adequately compensated for the risk taken over the relevant timeframe. This combination of a low beta and a negative Sharpe ratio implies that while the fund may not swing wildly in either direction, it has struggled to generate positive risk-adjusted returns. The substantial maximum drawdown of -16.35% highlights the potential for significant capital erosion even within a low volatility classification.

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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 1.35% and average daily volume is 288K/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