Data as of Oct 28, 2026.
ICF vs VNQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, ICF returned +9.0% to VNQ's +4.8%; 60% of their weight is in the same names.
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Net assets: $1.9bn on Oct 27, 2026 for iShares Select U.S. REIT ETF, and $35.9bn on Sep 30, 2026 for Vanguard Real Estate ETF.
Pair scorecard
VNQ costs 0.19 points a year less; their one-year returns differ by 4.2 points; VNQ is 18.0 times larger.
| Measure | ICF | VNQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.0% | +4.8% |
| Drawdown | ||
| Below its high | 6.7%, high on Jul 29, 2026 | 8.3%, high on Jul 28, 2026 |
| Benchmark | ||
| What it tracks | Cohen & Steers Realty Majors Index | MSCI US Investable Market Real Estate 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.32% | 0.13% |
| Net assets, as of Sep 30, 2026 | $2.0bn | $35.9bn |
| Holdings | ||
| Holdings in common | 60% | |
| Top ten holdings, share of the fund | 59.0% | 55.8% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Oct 8, 2004 to Oct 23, 2026 · 1,150 weekly returnsVNQ returned slightly more: +364.5% to +346.9%. VNQ swung slightly less: 25.0% to 25.7%. VNQ fell slightly less at its worst: −72.5% to −76.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ICF | VNQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +346.9% | +364.5% | VNQ (slight) | Price change plus distributions, reinvested. |
| Annualized | +7.0% | +7.2% | VNQ (slight) | Total return as a yearly rate. |
| Price return | +116.0% | +80.5% | ICF | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 25.7% | 25.0% | VNQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.7% | 17.3% | VNQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −76.2% | −72.5% | VNQ (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.32 | 0.33 | VNQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.47 | 0.48 | VNQ (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.09 | 0.10 | VNQ (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,150 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ICF and VNQ hold 60% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
60% in common
Only in one fund ↓
Side by side
ICF and VNQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ICF and VNQ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. ICF follows Cohen & Steers Realty Majors Index and VNQ follows MSCI US Investable Market Real Estate 25/50 Index.
- One-year total return. Over 1 year to Oct 28, 2026 ICF returned +9.0% and VNQ +4.8% with distributions reinvested, a gap of 4.2 points.
- Number of holdings. ICF holds 31 positions and VNQ holds 141.
Data as of Oct 28, 2026.
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ICF
ICF tracks an index. Over the year to Oct 28, 2026 it returned +9.0% with distributions reinvested. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 31 positions, with the top ten at 59.0%. It sat 6.7% below its high of Jul 29, 2026 on Oct 28, 2026.
VNQ
VNQ tracks an index of US real estate. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer as of Sep 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 141 positions, with the top ten at 55.8%. It sat 8.3% below its high of Jul 28, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, ICF or VNQ?
- In the year to Oct 28, 2026, with distributions reinvested, ICF returned +9.0% and VNQ +4.8%.
- Which is cheaper, ICF or VNQ?
- VNQ is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, ICF against VNQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/icf-vs-vnq
ETFIQ. (Oct 28, 2026). ICF against VNQ. Retrieved from https://etfiq.com/compare/any/icf-vs-vnq
[ICF against VNQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/icf-vs-vnq)
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