Data as of Oct 28, 2026.

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VDE vs VNQ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VDE returned +58.8% to VNQ's +4.8%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $10.4bn for Vanguard Energy ETF and $35.9bn for Vanguard Real Estate ETF.

At a glance
+58.8%
VDE total return, 1 year
+4.8%
VNQ total return, 1 year
0.09%
VDE expense ratio
0.13%
VNQ expense ratio

Pair scorecard

VDE costs 0.04 points a year less; their one-year returns differ by 54.0 points; VNQ is 3.5 times larger.

VDE vs VNQ: Differences, Returns & Fees
MeasureVDEVNQ
Return
Total return, 1 year+58.8%+4.8%
Drawdown
Below its high8.3%, high on Jul 28, 2026
Benchmark
What it tracksMSCI US Investable Market Index (IMI)/Energy 25/50MSCI US Investable Market Real Estate 25/50 Index
Cost and size
Expense ratio0.09%0.13%
Net assets, as of Sep 30, 2026$10.4bn$35.9bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund67.1%55.8%

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

Risk and return

Oct 8, 2004 to Oct 23, 2026 · 1,150 weekly returns
VDE VNQ
Return
Total return edge VDE +538.7% +364.5%
Annualized edge VDE +8.7% +7.2%
Price return edge VDE +269.6% +80.5%
Risk
Volatility edge VNQ 28.1% 25.0%
Max drawdown edge Tie −72.2% −72.5%
Risk-adjusted
Sharpe edge VDE 0.38 0.33
Sortino edge VDE (slight) 0.53 0.48
Calmar edge VDE 0.12 0.10
Reading

VDE returned more: +538.7% to +364.5%. VNQ swung less: 25.0% to 28.1%. VDE and VNQ fell about the same at their worst: −72.2% and −72.5%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VDE vs VNQ: Differences, Returns & Fees
MeasureVDEVNQEdgeHow it is measured
Return
Total return+538.7%+364.5%VDEPrice change plus distributions, reinvested.
Annualized+8.7%+7.2%VDETotal return as a yearly rate.
Price return+269.6%+80.5%VDEPrice change alone, distributions left out.
Risk
Volatility28.1%25.0%VNQSpread of weekly returns, annualized. Lower is steadier.
Downside deviation20.1%17.3%VNQLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−72.2%−72.5%TieDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.380.33VDEReturn above Treasury bills per unit of volatility.
Sortino0.530.48VDE (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.120.10VDEAnnualized 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

0%

By the books each fund has filed, VDE and VNQ hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VDE VNQ
MKTLIQ 0.34% 0.14%
Only in one fund ↓
Only in VDE
ExxonMobil Holdings Corp 22.88%
Chevron Corp 14.42%
ConocoPhillips 5.87%
Marathon Petroleum Corp 4.46%
Valero Energy Corp 4.45%
Phillips 66 3.94%
Williams Cos Inc 3.16%
EOG Resources Inc 2.85%
Only in VNQ
Vanguard Real Estate II Index Fund 14.51%
Welltower Inc 9.12%
Prologis Inc 6.86%
Equinix Inc 5.65%
American Tower Corp 4.32%
Simon Property Group Inc 3.69%
Digital Realty Trust Inc 3.68%
Realty Income Corp 2.85%
Check overlap with more funds →

Side by side

VDE Vanguard Energy ETF VNQ Vanguard Real Estate ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Energy Tracks an index of US real estate
Total return, 1 year +58.8% +4.8%
Its benchmark over the same days +59.0% (FENY) not measured
Gap to its benchmark −0.2 pts vs FENY not measured
Expense ratio 0.09% 0.13%
Already in the S&P 500 81.2% 62.8%
Holdings 113 141
Net assets, as of Sep 30, 2026 $10.4bn $35.9bn

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

Client brief · page 1 of 2 Report BR-82C0459AC9

VDE and VNQ do different jobs. What does each one do in a portfolio?

  1. What each follows. VDE follows MSCI US Investable Market Index (IMI)/Energy 25/50 and VNQ follows MSCI US Investable Market Real Estate 25/50 Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 VDE returned +58.8% and VNQ +4.8% with distributions reinvested, a gap of 54.0 points.

Data as of Oct 28, 2026.

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About each fund
VDE

VDE tracks an index of Energy. Over the year to Oct 28, 2026 it returned +58.8% with distributions reinvested, against +59.0% for its benchmark, the MSCI US Investable Market Index (IMI)/Energy 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 81% of the fund by weight is stocks the S&P 500 also holds, across 113 positions, with the top ten at 67.1%.

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, VDE or VNQ?
In the year to Oct 28, 2026, with distributions reinvested, VDE returned +58.8% and VNQ +4.8%.
Which is cheaper, VDE or VNQ?
VDE is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VDE and VNQ overlap with the S&P 500?
By their latest filed holdings, 81% of VDE and 63% of VNQ by weight is stocks the S&P 500 already holds.
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ETFIQ, VDE against VNQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/vde-vs-vnq

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