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 $3.77 billion in assets under management. It holds an ETFValuer grade of C, ranking 9th out of 11 peers in its category and 381st of 458 tracked ETFs overall. The fund’s 0.12% expense ratio sits slightly below the category median of 0.13%, while its 4.81% dividend yield significantly exceeds the median of 3.19%. Top holdings comprise 23.2% of assets, with Goodman Group representing the largest single position at 4.0%.

The fund’s price of $45.27 places it at 26.9% of its 52-week range, reflecting a mixed return profile across different time horizons. Short-term performance shows a -1.37% decline over one month, contrasting with a +2.98% gain over three months and a +1.79% return over one year. Long-term results are stronger, with a 3-year return of +28.68%, though this lags the category median 1-year return of +8.82%. The rating was upgraded from D to C on 2026-07-27, based on 3.0 years of available price history.

VNQI exhibits a beta of 0.91, indicating it moves 91% as much as the broader market, with annualized volatility of 13.88% labeled as Low. A Sharpe ratio of -0.23 suggests that risk-adjusted returns have been negative relative to the risk taken. The maximum drawdown of -16.35% highlights the extent of recent peak-to-trough losses. Liquidity is characterized by an average daily volume of 284,325 shares and a bid/ask spread of 3.61%.

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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — 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 3.61% and average daily volume is 284K/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 $3.77B 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