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VNQ · Vanguard Real Estate ETF

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$91.79
−0.6% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

VNQ tracks an index of US real estate and returned +4.8% over the past year.

What drove VNQ’s returns?Is a 0.13% fee low for a fund like VNQ?What does VNQ cost to hold and to trade?
Equity fund · Tracks the MSCI US Investable Market Real Estate 25/50 IndexVanguard ↗Expense ratio 0.13%Fund assets $35.9bn on Sep 30, 2026First traded Sep 29, 2004Benchmark Its own holdings, as of Sep 30, 2026; no other fund tracks the MSCI US Investable Market Real Estate 25/50 Index, the index its prospectus namesFund page at the issuer ↗SEC filings ↗Every Vanguard fund ETFIQ coversDividend history

VNQ paid $0.8046 a share, ex-date Sep 23, 2026, and 3.7% of its price in cash over the year to Oct 28, 2026.

Promise check: Not measuredNo other ETF tracks the index it names, so its tracking cannot be measured.

Compare with…Trading costsPut to the committeeaskIQ about VNQAdd to portfolioOverlapFlowsAlerts

VNQ risk and return scorecard

vs its own holdings

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

VNQ +1.3%: total return over one month to Oct 28, 2026.
VNQ+1.3%
VNQ −8.0%: total return over three months to Oct 28, 2026.
VNQ−8.0%
VNQ −1.6%: total return over six months to Oct 28, 2026.
VNQ−1.6%
VNQ +6.7%: total return over the year to Oct 28, 2026.
VNQ+6.7%
VNQ +4.8%: total return over one year to Oct 28, 2026.
VNQ+4.8%
VNQ +45.0%: total return over three years to Oct 28, 2026.
VNQ+45.0%
VNQ +2.2%: total return over five years to Oct 28, 2026.
VNQ+2.2%
VNQ +69.7%: total return over ten years to Oct 28, 2026.
VNQ+69.7%
VNQ +373.9%: total return since launch to Oct 28, 2026.
VNQ+373.9%
askIQ: what drove VNQ’s returns? ↗

How concentrated, and what does it cost?

MSCI US Investable Market Real Estate 25/50 Index
+4.8%
Total return, 1 year
Report
0.13%
Expense ratio
Report
141
Holdings
Report
−8.3%
Below its high
Report
3.7%
12-month yield, capital gains included, on its starting price
Report
$0.8046
Last payment (paid quarterly), ex-date Sep 23, 2026
Report
Sector mix
Cost against like funds
askIQ: is a 0.13% fee low for a fund like VNQ? ↗

More on VNQ

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Price and total return, 1 year

$91.79−0.6%1 day, priceClose, Oct 28, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

VNQ returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Sep 28 – Oct 28, 2026+1.3%+0.9%
3M Jul 29 – Oct 28, 2026−8.0%+6.1%
6M Apr 29 – Oct 28, 2026−1.6%+9.1%
YTD Dec 31, 2025 – Oct 28, 2026+6.7%+14.1%
1Y Oct 28, 2025 – Oct 28, 2026+4.8%+13.6%
3Y Oct 27, 2023 – Oct 28, 2026+45.0%+95.0%
5Y Oct 29, 2021 – Oct 28, 2026+2.2%+79.8%
10Y Oct 28, 2016 – Oct 28, 2026+69.7%+325.8%
Since launch Sep 29, 2004 – Oct 28, 2026+373.9%+934.5%
Since launch, annualised Sep 29, 2004 – Oct 28, 2026+7.3%–

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Monthly data · as of Jul 31, 2026

VNQ’s fund, all share classes together: in the month to Jul 31, 2026, net $58.9m went out, by its SEC filing.

Computed by ETFIQ from the monthly sales and redemptions VNQ files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jul 2026. The filing covers all share classes of the fund, not the ETF alone: Vanguard sells its ETF as one share class of a fund that also has mutual fund shares. Every day and month ETFIQ holds for VNQ, back to Aug 2019, is in its flows file. Flows across every fund · How these flows are computed · Compare VNQ with other funds in the flows tool

Month by month, money in and money outAug 2023 to Jul 2026

VNQ, all share classes of its fund, money in and money out each month from Aug 2023 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from VNQ’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 16 and went out in 20.

Every bar is from VNQ’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 16 and went out in 20.

MonthInOutNet
Jul 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$812m−$871m−$58.9m
Jun 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.7bn−$594m+$1.1bn
May 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$839m−$682m+$157m
Apr 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$481m−$726m−$245m
Mar 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$951m−$840m+$111m
Feb 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$865m−$533m+$333m
Jan 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$906m−$884m+$21.9m
Dec 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.3bn−$608m+$732m
Nov 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$635m−$823m−$188m
Oct 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$843m−$845m−$1.8m
Sep 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.0bn−$603m+$432m
Aug 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$622m−$774m−$152m
Jul 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$866m−$1.0bn−$138m
Jun 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.3bn−$902m+$447m
May 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$553m−$777m−$224m
Apr 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$364m−$1.3bn−$965m
Mar 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.4bn−$1.1bn+$262m
Feb 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$717m−$986m−$270m
Jan 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.2bn−$1.3bn−$96.3m
Dec 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.1bn−$825m+$288m
Nov 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$455m−$1.3bn−$887m
Oct 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$745m−$994m−$249m
Sep 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.1bn−$1.7bn−$653m
Aug 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.1bn−$728m+$362m
Jul 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$971m−$894m+$76.8m
Jun 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$640m−$750m−$110m
May 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$654m−$1.3bn−$660m
Apr 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$115m−$1.1bn−$982m
Mar 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.3bn−$730m+$588m
Feb 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.4bn−$834m+$602m
Jan 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.0bn−$886m+$122m
Dec 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.4bn−$1.4bn+$29.5m
Nov 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$507m−$1.0bn−$540m
Oct 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$677m−$1.1bn−$452m
Sep 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$681m−$788m−$107m
Aug 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$407m−$803m−$396m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jul 31, 2026. Updated when the fund files its next report.

VNQ key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$100.95 on Jul 28, 2026
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$87.00 on Mar 27, 2026
Close on Oct 28, 2026, within that range (ETFIQ)$91.79, 34% of the way from the low to the high
Holdings141
Top ten weight55.8%
P/E ratio (Vanguard, Sep 30, 2026)29.0
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices. P/E as Vanguard states it, under its terms.

Trading

as of Oct 27, 2026
Trading · VNQas of Oct 27, 2026
·
Not scored2 of 6 measured · Oct 27, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$0.050.005%
$10,000$0.550.005%
Premium or discount to NAV, Oct 27 close+0.02%
−0.1%95% of days within ±0.03% · the 1% band is off this scale+0.1%
How to tradeLimit: midpoint + 1¢ to buy, midpoint − 1¢ to sell.At the Oct 27 close of $92.39, that’s $92.40 to buy and $92.38 to sell.
Full trading page: components, premium history, dealers →

VNQ top ten by weight, 55.8% of the fund, of its 141 equity positions, from the holdings filed for Sep 30, 2026. An index fund holds what the index holds, so this is the index. Source: the fund’s SEC filing.

Vanguard Real Estate II Index Fund VRTPX 14.51%
Welltower Inc WELL 9.12%
Prologis Inc PLD 6.86%
Equinix Inc EQIX 5.65%
American Tower Corp AMT 4.32%
Simon Property Group Inc SPG 3.69%
Digital Realty Trust Inc DLR 3.68%
Realty Income Corp O 2.85%
Public Storage PSA 2.69%
Vivmark Residential VMRK 2.46%
Fund filings on SEC EDGAR ↗See all 141 holdings →Check overlap with another fund →

Source: Vanguard’s month-end holdings file. Data as of Sep 30, 2026. Updated monthly.

About VNQ

What it tracksMSCI US Investable Market Real Estate 25/50 Index
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. real estate
Expense ratio (485BPOS XBRL, May 28, 2026)0.13%
Price$91.79
First tradedSep 29, 2004
Net assets (the issuer’s own number for this ETF, month end, as of Sep 30, 2026)$35.9bnReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Sep 30, 2026; no other fund tracks the MSCI US Investable Market Real Estate 25/50 Index, the index its prospectus names
Below its high (ETFIQ)−8.3%
Holdings141
Top ten weight55.8%
Holdings as of (the issuer’s month-end file)Sep 30, 2026
Already in the S&P 500, by weight (ETFIQ)62.8%
Active share vs the S&P 500 (ETFIQ)98.2%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on VNQ

12 seats on VNQ, as of Oct 28, 2026: 2 Mixed, 8 Challenges, 2 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityChallenges
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceChallenges
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put VNQ to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about VNQ

How has VNQ performed?
Over the year to Oct 28, 2026, VNQ returned +4.8% with distributions reinvested. Over three years the number is +45.0%.
What does VNQ cost?
The prospectus expense ratio is 0.13% a year.
What does VNQ hold?
141 positions as published by its issuer as of Sep 30, 2026, with the top ten at 55.8% of the fund. 63% of its weight is in stocks the S&P 500 also holds.
How far is VNQ below its high?
8.3% below its high of Jul 28, 2026, measured on the reinvested series to Oct 28, 2026.
What dividend does VNQ pay?
VNQ pays quarterly. The last distribution was $0.8046 a share, which went ex on Sep 23, 2026.
What is the dividend yield of VNQ?
Over the 12 months to Oct 28, 2026, VNQ paid cash distributions equal to 3.7% of its price at the start of the period. Its latest payment was $0.8046 a share, ex-date Sep 23, 2026.
Sources and dates
Prices, VNQ and S&P 500 (SPY)Tiingo end-of-day · Oct 28, 2026
Fee, 0.13%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $35.9bnThe issuer’s own number for this ETF, month end · Sep 30, 2026
HoldingsHoldings, the issuer’s own month-end file · Sep 30, 2026 ↗
IssuerVanguard page for VNQ ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

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ETFIQ, VNQ, stock fund, data as of Oct 28, 2026. https://etfiq.com/funds/vnq

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VNQ: VNQ over 1 year: total return +4.8%. Data to Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/vnq"><img src="https://etfiq.com/assistant/api/embed/core/vnq.svg" alt="VNQ: VNQ over 1 year: total return +4.8%. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">VNQ: VNQ over 1 year: total return +4.8%. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/vnq">ETFIQ</a></figcaption>
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