Data as of Oct 28, 2026.

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VNQ vs VOOG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VNQ returned +4.8% to VOOG's +12.1%; 1% 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 $27.8bn for Vanguard S&P 500 Growth ETF.

At a glance
+4.8%
VNQ total return, 1 year
+12.1%
VOOG total return, 1 year
0.13%
VNQ expense ratio
0.05%
VOOG expense ratio

Pair scorecard

VOOG costs 0.08 points a year less; their one-year returns differ by 7.3 points; VNQ is 1.3 times larger.

VNQ vs VOOG: Differences, Returns & Fees
MeasureVNQVOOG
Return
Total return, 1 year+4.8%+12.1%
Drawdown
Below its high8.3%, high on Jul 28, 20264.1%, high on Oct 6, 2026
Benchmark
What it tracksMSCI US Investable Market Real Estate 25/50 IndexS&P 500 Growth Index
Cost and size
Expense ratio0.13%0.05%
Net assets, as of Sep 30, 2026$35.9bn$27.8bn
Holdings
Holdings in common1%
Top ten holdings, share of the fund55.8%60.2%

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

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns
VNQ VOOG
Return
Total return edge VOOG +228.3% +1,043.0%
Annualized edge VOOG +7.6% +16.3%
Price return edge VOOG +73.8% +845.5%
Risk
Volatility edge VOOG 20.1% 17.5%
Max drawdown edge VOOG −39.6% −32.0%
Risk-adjusted
Sharpe edge VOOG 0.39 0.86
Sortino edge VOOG 0.55 1.28
Calmar edge VOOG 0.19 0.51
Reading

VOOG returned more: +1,043.0% to +228.3%. VOOG swung less: 17.5% to 20.1%. VOOG fell less at its worst: −32.0% to −39.6%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VNQ vs VOOG: Differences, Returns & Fees
MeasureVNQVOOGEdgeHow it is measured
Return
Total return+228.3%+1,043.0%VOOGPrice change plus distributions, reinvested.
Annualized+7.6%+16.3%VOOGTotal return as a yearly rate.
Price return+73.8%+845.5%VOOGPrice change alone, distributions left out.
Risk
Volatility20.1%17.5%VOOGSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.2%11.7%VOOGLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−39.6%−32.0%VOOGDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.390.86VOOGReturn above Treasury bills per unit of volatility.
Sortino0.551.28VOOGReturn above Treasury bills per unit of downside deviation.
Calmar0.190.51VOOGAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

1%

By the books each fund has filed, VNQ and VOOG hold 1% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first VNQ VOOG
Welltower Inc 9.12% 0.45%
Simon Property Group Inc 3.69% 0.07%
Ventas Inc 2.34% 0.06%
MKTLIQ 0.14% 0.04%
SLCMT1142 0.37% 0.00%
Only in one fund ↓
Only in VNQ
Vanguard Real Estate II Index Fund 14.51%
Prologis Inc 6.86%
Equinix Inc 5.65%
American Tower Corp 4.32%
Digital Realty Trust Inc 3.68%
Realty Income Corp 2.85%
Public Storage 2.69%
Vivmark Residential 2.46%
Only in VOOG
NVIDIA Corp 15.01%
Microsoft Corp 10.34%
Apple Inc 6.60%
Alphabet Inc 5.48%
Broadcom Inc 4.54%
Alphabet Inc 4.39%
Meta Platforms Inc 4.34%
Amazon.com Inc 3.52%
Check overlap with more funds →

Side by side

VNQ Vanguard Real Estate ETF VOOG Vanguard S&P 500 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of US real estate Tracks the S&P 500 Growth
Total return, 1 year +4.8% +12.1%
Its benchmark over the same days not measured +12.1% (IVW)
Gap to its benchmark not measured 0.0 pts vs IVW
Expense ratio 0.13% 0.05%
Already in the S&P 500 62.8% 99.8%
Holdings 141 154
Net assets, as of Sep 30, 2026 $35.9bn $27.8bn

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

Client brief · page 1 of 2 Report BR-BA2CA6B958

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

  1. What each follows. VNQ follows MSCI US Investable Market Real Estate 25/50 Index and VOOG follows S&P 500 Growth Index.
  2. Holdings in common. 1% 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 VNQ returned +4.8% and VOOG +12.1% with distributions reinvested, a gap of 7.3 points.

Data as of Oct 28, 2026.

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About each fund
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.

VOOG

VOOG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 154 positions, with the top ten at 60.2%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VNQ or VOOG?
In the year to Oct 28, 2026, with distributions reinvested, VNQ returned +4.8% and VOOG +12.1%.
Which is cheaper, VNQ or VOOG?
VOOG 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.
How much do VNQ and VOOG overlap with the S&P 500?
By their latest filed holdings, 63% of VNQ and 100% of VOOG by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, VNQ against VOOG, data as of Oct 28, 2026. https://etfiq.com/compare/any/vnq-vs-voog

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