Data as of Oct 28, 2026.
VNQ vs VNQI: Differences, Returns & Fees
Over the year to Oct 28, 2026, VNQ returned +4.8% to VNQI's −7.9%; 0% of their weight is in the same names.
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Net assets on Sep 30, 2026: $35.9bn for Vanguard Real Estate ETF and $3.3bn for Vanguard Global ex-U.S. Real Estate ETF.
Pair scorecard
VNQI costs 0.01 points a year less; their one-year returns differ by 12.7 points; VNQ is 10.9 times larger.
| Measure | VNQ | VNQI |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.8% | −7.9% |
| Drawdown | ||
| Below its high | 8.3%, high on Jul 28, 2026 | 16.6%, high on Feb 26, 2026 |
| Benchmark | ||
| What it tracks | MSCI US Investable Market Real Estate 25/50 Index | S&P Global ex-U.S. Property Index |
| Cost and size | ||
| Expense ratio | 0.13% | 0.12% |
| Net assets, as of Sep 30, 2026 | $35.9bn | $3.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 55.8% | 21.3% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Nov 12, 2010 to Oct 23, 2026 · 832 weekly returnsVNQ returned more: +219.1% to +59.2%. VNQI swung less: 16.8% to 20.1%. VNQI fell slightly less at its worst: −37.6% to −39.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VNQ | VNQI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +219.1% | +59.2% | VNQ | Price change plus distributions, reinvested. |
| Annualized | +7.5% | +3.0% | VNQ | Total return as a yearly rate. |
| Price return | +70.4% | −14.5% | VNQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.1% | 16.8% | VNQI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.2% | 12.3% | VNQI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −39.6% | −37.6% | VNQI (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.38 | 0.16 | VNQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.54 | 0.22 | VNQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.19 | 0.08 | VNQ | 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
By the books each fund has filed, VNQ and VNQI hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
VNQ and VNQI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VNQ and VNQI do different jobs. What does each one do in a portfolio?
- What each follows. VNQ follows MSCI US Investable Market Real Estate 25/50 Index and VNQI follows S&P Global ex-U.S. Property Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VNQ returned +4.8% and VNQI −7.9% with distributions reinvested, a gap of 12.7 points.
Data as of Oct 28, 2026.
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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.
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, VNQ or VNQI?
- In the year to Oct 28, 2026, with distributions reinvested, VNQ returned +4.8% and VNQI −7.9%.
- Which is cheaper, VNQ or VNQI?
- VNQI is cheaper, by 0.01 percentage points a year. That is about $1 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, VNQ against VNQI, data as of Oct 28, 2026. https://etfiq.com/compare/any/vnq-vs-vnqi
ETFIQ. (Oct 28, 2026). VNQ against VNQI. Retrieved from https://etfiq.com/compare/any/vnq-vs-vnqi
[VNQ against VNQI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vnq-vs-vnqi)
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