Which returned more over the last year, RWO or VNQI?

In the year to Oct 28, 2026, with distributions reinvested, RWO returned +5.6% and VNQI −7.9%.

Which is cheaper, RWO or VNQI?

VNQI is cheaper, by 0.38 percentage points a year. That is about $38 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do RWO and VNQI overlap with the S&P 500?

By their latest filed holdings, 54% of RWO and 0% of VNQI by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

RWO vs VNQI: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, RWO returned +5.6% to VNQI's −7.9%; 26% of their weight is in the same names.

askIQ about this page

askIQ about RWO and VNQI

Net assets: $1.2bn on Oct 27, 2026 for State Street SPDR Dow Jones Global Real Estate ETF, and $3.3bn on Sep 30, 2026 for Vanguard Global ex-U.S. Real Estate ETF.

RWO on its own →VNQI on its own →

At a glance

+5.6%

RWO total return, 1 year

−7.9%

VNQI total return, 1 year

0.50%

RWO expense ratio

0.12%

VNQI expense ratio

Pair scorecard

VNQI costs 0.38 points a year less; their one-year returns differ by 13.5 points; VNQI is 2.8 times larger.

RWO vs VNQI: Differences, Returns & Fees
Measure	RWO	VNQI
Return
Measure	RWO	VNQI
Total return, 1 year	+5.6%	−7.9%
Drawdown
Measure	RWO	VNQI
Below its high	9.3%, high on Jul 24, 2026	16.6%, high on Feb 26, 2026
Benchmark
Measure	RWO	VNQI
What it tracks	not read by ETFIQ	S&P Global ex-U.S. Property Index
Cost and size
Measure	RWO	VNQI
Expense ratio	0.50%	0.12%
Net assets, as of Sep 30, 2026	$1.2bn	$3.3bn
Holdings
Measure	RWO	VNQI
Holdings in common	26%
Top ten holdings, share of the fund	45.2%	21.3%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Nov 12, 2010 to Oct 23, 2026 · 832 weekly returns

RWO VNQI

Return

Total return edge RWO +131.2% +59.2%

Annualized edge RWO +5.4% +3.0%

Price return edge RWO +26.3% −14.5%

Risk

Volatility edge VNQI 18.8% 16.8%

Max drawdown edge VNQI −42.3% −37.6%

Risk-adjusted

Sharpe edge RWO 0.29 0.16

Sortino edge RWO 0.40 0.22

Calmar edge RWO 0.13 0.08

Reading

RWO returned more: +131.2% to +59.2%. VNQI swung less: 16.8% to 18.8%. VNQI fell less at its worst: −37.6% to −42.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: RWO vs VNQI: Differences, Returns & Fees
Measure	RWO	VNQI	Edge	How it is measured
Return
Total return	+131.2%	+59.2%	RWO	Price change plus distributions, reinvested.
Annualized	+5.4%	+3.0%	RWO	Total return as a yearly rate.
Price return	+26.3%	−14.5%	RWO	Price change alone, distributions left out.
Risk
Volatility	18.8%	16.8%	VNQI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.5%	12.3%	VNQI (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−42.3%	−37.6%	VNQI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.29	0.16	RWO	Return above Treasury bills per unit of volatility.
Sortino	0.40	0.22	RWO	Return above Treasury bills per unit of downside deviation.
Calmar	0.13	0.08	RWO	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 832 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

26%

By the books each fund has filed, RWO and VNQI hold 26% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

26% in common

Positions both hold · largest shared weight first RWO VNQI

MITSUI FUDOSAN CO LTD 1.67% 2.51%

SEGRO PLC 0.92% 1.52%

LINK REIT 0.80% 1.23%

SCENTRE GROUP 0.79% 1.26%

SWISS PRIME SITE REG 0.75% 1.15%

UNIBAIL RODAMCO WESTFIELD 0.73% 1.17%

CAPITALAND INTEGRATED COMMER 0.69% 1.10%

KLEPIERRE 0.54% 0.89%

PSP SWISS PROPERTY AG REG 0.51% 0.78%

HULIC CO LTD 0.46% 0.73%

LAND SECURITIES GROUP PLC 0.44% 0.61%

CAPITALAND ASCENDAS REIT 0.44% 0.74%

Only in one fund ↓

Only in RWO

WELLTOWER INC 10.01%

PROLOGIS INC 7.36%

EQUINIX INC 6.04%

SIMON PROPERTY GROUP INC 4.21%

DIGITAL REALTY TRUST INC 3.85%

REALTY INCOME CORP 3.29%

PUBLIC STORAGE 3.22%

VIVMARK RESIDENTIAL 2.76%

Only in VNQI

GOODMAN GROUP 3.82%

Mitsubishi Estate Co Ltd 2.73%

Sun Hung Kai Properties Ltd 2.06%

Emaar Properties PJSC 1.95%

Sumitomo Realty & Development Co Ltd 1.88%

SLBBH1142 1.80%

Daiwa House Industry Co Ltd 1.68%

VONOVIA SE 1.39%

Check overlap with more funds →

Side by side

RWO State Street SPDR Dow Jones Global Real Estate ETF VNQI Vanguard Global ex-U.S. Real Estate ETF

Where it sits Stock ETF Stock ETF

Issuer State Street Vanguard

What it is Tracks an index Tracks an index

Total return, 1 year +5.6% −7.9%

Expense ratio 0.50% 0.12%

Already in the S&P 500 53.7% 0.0%

Holdings 227 727

Net assets, RWO as of Oct 27, 2026 and VNQI as of Sep 30, 2026 $1.2bn $3.3bn

RWO and VNQI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-E02333CC05

RWO and VNQI are built for the same job. How do they differ in cost, holdings and results?

Holdings in common. 26% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
One-year total return. Over 1 year to Oct 28, 2026 RWO returned +5.6% and VNQI −7.9% with distributions reinvested, a gap of 13.5 points.
Number of holdings. RWO holds 227 positions and VNQI holds 727.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

RWO

RWO tracks an index. Over the year to Oct 28, 2026 it returned +5.6% with distributions reinvested. The prospectus expense ratio is 0.50% a year. By its holdings published by its issuer for Oct 27, 2026, 54% of the fund by weight is stocks the S&P 500 also holds, across 227 positions, with the top ten at 45.2%. It sat 9.3% below its high of Jul 24, 2026 on Oct 28, 2026.

VNQI

VNQI tracks an index. Over the year to Oct 28, 2026 it returned −7.9% with distributions reinvested. The prospectus expense ratio is 0.12% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 727 positions, with the top ten at 21.3%. It sat 16.6% below its high of Feb 26, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, RWO or VNQI?: In the year to Oct 28, 2026, with distributions reinvested, RWO returned +5.6% and VNQI −7.9%.
Which is cheaper, RWO or VNQI?: VNQI is cheaper, by 0.38 percentage points a year. That is about $38 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do RWO and VNQI overlap with the S&P 500?: By their latest filed holdings, 54% of RWO and 0% of VNQI by weight is stocks the S&P 500 already holds.

Other comparisons

HAUZ vs RWO HAUZ vs VNQI VNQ vs VNQI

Where to next

RWO on its own →VNQI on its own →Hold both: look the portfolio through →Rankings →RWO dividend history →RWO holdings →VNQI dividend history →VNQI holdings →Standards and sources →

Sources and dates

RWO filings on SEC EDGAR ↗

RWO prospectus with the expense ratio (SEC) ↗

State Street website ↗

VNQI filings on SEC EDGAR ↗

VNQI prospectus with the expense ratio (SEC) ↗

Vanguard page for VNQI ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, RWO against VNQI, data as of Oct 28, 2026. https://etfiq.com/compare/any/rwo-vs-vnqi

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.