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

Vanguard Global ex-U.S. Real Estate Index Fund ETF Shares (VNQI) is a Real Estate category fund issued by Vanguard with $3.55 billion in assets. It holds a D grade and ranks 9 of 11 within its category, placing it 388 of 458 across all tracked ETFs. The fund’s 0.12% expense ratio sits slightly below the category median of 0.13%. Its dividend yield of 14.10% significantly exceeds the category median of 3.45%, reflecting its income profile. The top 10 holdings comprise 22.2% of assets, with Goodman Group representing the largest single position at 4.0%.

The fund’s price of $42.71 sits at 12.6% of its 52-week range, indicating a position near the lower end of recent trading levels. Short-term performance shows a 1-month decline of 0.63% and a 3-month drop of 6.73%, contrasting with a 3-year return of +31.84%. Over the past year, the fund returned -6.77%, underperforming the category median of +4.05%. This negative 1-year result contributed to a rating downgrade from C to D on 2026-09-18. Historical data is available for only 3.0 years, limiting the depth of long-term trend analysis.

With a beta of 0.94, the fund exhibits slightly less sensitivity to market movements than the broader market. Annualized volatility of 13.97% is classified as Low, suggesting relatively stable price fluctuations. However, a Sharpe ratio of -0.84 indicates that risk-adjusted returns have been negative over the measured period. The maximum drawdown of -17.63% highlights the extent of peak-to-trough losses experienced. Liquidity is supported by an average daily volume of 305,664 shares.

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

VNQI Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 22.2% 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 — EWH overlaps most, holding 1 of the same companies as VNQI's top 10 (2.3% 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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.

VNQI Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 306K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $3.55B 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