Data as of Oct 28, 2026.
VNQ vs VOE: Differences, Returns & Fees
Over the year to Oct 28, 2026, VNQ returned +4.8% to VOE's +22.8%; 5% 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 $22.8bn for Vanguard Morningstar Mid-Cap Value ETF.
Pair scorecard
VOE costs 0.08 points a year less; their one-year returns differ by 18.0 points; VNQ is 1.6 times larger.
| Measure | VNQ | VOE |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.8% | +22.8% |
| Drawdown | ||
| Below its high | 8.3%, high on Jul 28, 2026 | |
| Benchmark | ||
| What it tracks | MSCI US Investable Market Real Estate 25/50 Index | Morningstar US Mid Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.13% | 0.05% |
| Net assets, as of Sep 30, 2026 | $35.9bn | $22.8bn |
| Holdings | ||
| Holdings in common | 5% | |
| Top ten holdings, share of the fund | 55.8% | 14.0% |
Holdings in common uses holdings dated Sep 30, 2026. Method
What they share
By the books each fund has filed, VNQ and VOE hold 5% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
5% in common
Only in one fund ↓
Side by side
VNQ and VOE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
VOE
VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.
Questions people ask
- Which returned more over the last year, VNQ or VOE?
- In the year to Oct 28, 2026, with distributions reinvested, VNQ returned +4.8% and VOE +22.8%.
- Which is cheaper, VNQ or VOE?
- VOE is cheaper, by 0.08 percentage points a year. That is about $8 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 VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/vnq-vs-voe
ETFIQ. (Oct 28, 2026). VNQ against VOE. Retrieved from https://etfiq.com/compare/any/vnq-vs-voe
[VNQ against VOE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vnq-vs-voe)
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