Which returned more over the last year, VBR or VNQ?

In the year to Sep 12, 2026, with distributions reinvested, VBR returned +16.3% and VNQ returned +5.6%, so VBR returned more. One year is one year; the longer windows are in the table.

Which is cheaper, VBR or VNQ?

VBR charges 0.05% a year and VNQ charges 0.13%, so VBR is cheaper. Fees come from each fund's prospectus.

How much do VBR and VNQ overlap with the S&P 500?

By their latest filed holdings, 30% of VBR and 63% of VNQ by weight is stocks the S&P 500 already holds. Between the two funds, 10% of their books are the same securities at the same weight.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

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VBR vs VNQ: how they differ

VBR and VNQ hold 10% of their weight in the same names, and VBR returned more over the year.

Vanguard Small-Cap Value Index Fund and Vanguard Real Estate Index Fund.

What they hold in common

By the books each fund has filed, VBR and VNQ hold 10% of their money in the same securities at the same weight.

Positions VBR and VNQ both hold, largest shared weight first
Holding	VBR	VNQ
Essex Property Trust Inc	0.40%	0.90%
Invitation Homes Inc	0.39%	0.89%
Kimco Realty Corp	0.37%	0.85%
Host Hotels & Resorts Inc	0.35%	0.77%
Mid-America Apartment Communities Inc	0.35%	0.81%
WP Carey Inc	0.34%	0.85%
Healthpeak Properties Inc	0.32%	0.60%
Regency Centers Corp	0.31%	0.72%
Jones Lang LaSalle Inc	0.31%	0.80%
Omega Healthcare Investors Inc	0.30%	0.74%
Gaming and Leisure Properties Inc	0.26%	0.73%
Camden Property Trust	0.25%	0.59%

Largest positions each one holds and the other does not
Only in VBR	Only in VNQ
Jabil Inc 0.87%	Vanguard Real Estate II Index Fund 14.67%
NRG Energy Inc 0.66%	Welltower Inc 7.86%
Tapestry Inc 0.64%	Prologis Inc 7.02%
Atmos Energy Corp 0.62%	Equinix Inc 5.66%
Williams-Sonoma Inc 0.59%	American Tower Corp 4.55%
Moderna Inc 0.54%	Digital Realty Trust Inc 3.67%
Smurfit Westrock PLC 0.52%	Simon Property Group Inc 3.54%
F5 Inc 0.50%	Realty Income Corp 3.12%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.

VBR and VNQ on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	VBR Vanguard Small-Cap Value Index Fund	VNQ Vanguard Real Estate Index Fund
Where it sits	Core index fund	Core index fund
Issuer	Vanguard	Vanguard
What it is	Small-Cap Value	US real estate
Total return, 1 year	+16.3%	+5.6%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−1.2 pts	−11.9 pts
Expense ratio	0.05%	0.13%
Already in the S&P 500	30.5%	63.3%
Holdings	840	146

VBR in plain words

VBR is an index equity fund tracking the Small-Cap Value. Over the year to Sep 11, 2026 it returned +16.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 840 positions, with the top ten at 5.9%. It sat 3.8% below its high of Aug 14, 2026 on Sep 11, 2026.

VNQ in plain words

VNQ is an index equity fund tracking the US real estate. Over the year to Sep 11, 2026 it returned +5.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.13% a year. By its holdings filed for Apr 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 146 positions, with the top ten at 54.9%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, VBR or VNQ?: In the year to Sep 12, 2026, with distributions reinvested, VBR returned +16.3% and VNQ returned +5.6%, so VBR returned more. One year is one year; the longer windows are in the table.
Which is cheaper, VBR or VNQ?: VBR charges 0.05% a year and VNQ charges 0.13%, so VBR is cheaper. Fees come from each fund's prospectus.
How much do VBR and VNQ overlap with the S&P 500?: By their latest filed holdings, 30% of VBR and 63% of VNQ by weight is stocks the S&P 500 already holds. Between the two funds, 10% of their books are the same securities at the same weight.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

VBR against VNQ, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, VBR against VNQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/VBR-VNQ Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources