Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VNQ vs VOE: how they differ
VNQ and VOE hold 6% of their weight in the same names, and VOE returned more over the year.
Vanguard Real Estate Index Fund and Vanguard Mid-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, VNQ and VOE hold 6% of their money in the same securities at the same weight.
| Holding | VNQ | VOE |
|---|---|---|
| Simon Property Group Inc | 3.54% | 1.20% |
| Digital Realty Trust Inc | 3.67% | 1.09% |
| Public Storage | 2.54% | 0.87% |
| CBRE Group Inc | 2.26% | 0.68% |
| Crown Castle Inc | 2.06% | 0.57% |
| VICI Properties Inc | 1.58% | 0.46% |
| AvalonBay Communities Inc | 1.38% | 0.46% |
| Equity Residential | 1.26% | 0.44% |
| Only in VNQ | Only in VOE |
|---|---|
| Vanguard Real Estate II Index Fund 14.67% | Cummins Inc 1.71% |
| Welltower Inc 7.86% | Valero Energy Corp 1.34% |
| Prologis Inc 7.02% | Marathon Petroleum Corp 1.29% |
| Equinix Inc 5.66% | CRH PLC 1.24% |
| American Tower Corp 4.55% | United Rentals Inc 1.23% |
| Realty Income Corp 3.12% | General Motors Co 1.21% |
| Ventas Inc 2.20% | SLB Ltd 1.21% |
| Iron Mountain Inc 1.98% | Phillips 66 1.18% |
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.
| VNQ Vanguard Real Estate Index Fund | VOE Vanguard Mid-Cap Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | Vanguard |
| What it is | US real estate | Mid-Cap Value |
| Total return, 1 year | +5.6% | +20.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −11.9 pts | +2.7 pts |
| Expense ratio | 0.13% | 0.05% |
| Already in the S&P 500 | 63.3% | 96.6% |
| Holdings | 146 | 170 |
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.
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% 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, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
Questions people ask
- Which returned more over the last year, VNQ or VOE?
- In the year to Sep 12, 2026, with distributions reinvested, VNQ returned +5.6% and VOE returned +20.2%, so VOE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VNQ or VOE?
- VNQ charges 0.13% a year and VOE charges 0.05%, so VOE is cheaper. Fees come from each fund's prospectus.
- How much do VNQ and VOE overlap with the S&P 500?
- By their latest filed holdings, 63% of VNQ and 97% of VOE by weight is stocks the S&P 500 already holds. Between the two funds, 6% 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.
Cite this page. ETFIQ, VNQ against VOE, data as of Sep 12, 2026. https://etfiq.com/compare/any/VNQ-VOE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources