Tearsheet

Vanguard Real Estate ETF (VNQ)


Market Price (5/24/2026): $96.93

Vanguard Real Estate ETF (VNQ)


Market Price (5/24/2026): $96.93

Asset Allocation with VNQ


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Price Chart

Top 20 Holdings for VNQ

Total Weights
Top 5: 33.4% | Top 10: 49.3% | Top 20: 65.3%

HoldingWeight
95040Q104Welltower Inc9.12%
74340W103Prologis Inc8.15%
29444U700Equinix Inc6.57%
03027X100American Tower Corp5.29%
253868103Digital Realty Trust Inc4.26%
828806109Simon Property Group Inc4.11%
756109104Realty Income Corp3.62%
74460D109Public Storage2.95%
12504L109CBRE Group Inc2.62%
92276F100Ventas Inc2.55%
22822V101Crown Castle Inc2.39%
46284V101Iron Mountain Inc2.30%
30225T102Extra Space Storage Inc1.88%
925652109VICI Properties Inc1.83%
053484101AvalonBay Communities Inc1.60%
29476L107Equity Residential1.46%
78410G104SBA Communications Corp1.46%
962166104Weyerhaeuser Co1.09%
297178105Essex Property Trust Inc1.05%
46187W107Invitation Homes Inc1.03%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
VNQ Return41%-26%12%5%3%10%39%
Peers Return40%-25%12%5%4%12%43%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
VNQ Win Rate83%33%50%67%67%80% 
Peers Win Rate78%33%50%67%58%76% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
VNQ Max Drawdown-8%-33%-22%-11%-15%-8% 
Peers Max Drawdown-8%-32%-21%-11%-15%-8% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: XLRE, SCHH, IYR, REET, USRT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
VNQ0.710.360.08
Real Estate Top Results (3Y)   
USRT1.050.480.20
SCHH0.790.380.11
REET1.030.370.06
VNQ0.710.360.08
XLRE0.570.360.12

Results as of 4302026.

How Low Can It Go

EventVNQS&P 500
2025 US Tariff Shock
  % Loss-12.5%-18.8%
  % Gain to Breakeven14.3%23.1%
  Time to Breakeven76 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-16.8%-9.5%
  % Gain to Breakeven20.3%10.5%
  Time to Breakeven49 days24 days
2023 SVB Regional Banking Crisis
  % Loss-14.5%-6.7%
  % Gain to Breakeven17.0%7.1%
  Time to Breakeven266 days31 days
2020 COVID-19 Crash
  % Loss-41.5%-33.7%
  % Gain to Breakeven71.1%50.9%
  Time to Breakeven378 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-11.8%-3.7%
  % Gain to Breakeven13.4%3.9%
  Time to Breakeven305 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-10.3%-12.2%
  % Gain to Breakeven11.5%13.9%
  Time to Breakeven42 days62 days

Compare to XLRE, SCHH, IYR, REET, USRT

In The Past

Vanguard Real Estate ETF's stock fell -12.5% during the 2025 US Tariff Shock. Such a loss loss requires a 14.3% gain to breakeven.

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Asset Allocation

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EventVNQS&P 500
2020 COVID-19 Crash
  % Loss-41.5%-33.7%
  % Gain to Breakeven71.1%50.9%
  Time to Breakeven378 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-22.6%-17.9%
  % Gain to Breakeven29.3%21.8%
  Time to Breakeven177 days123 days
2008-2009 Global Financial Crisis
  % Loss-64.5%-53.4%
  % Gain to Breakeven181.7%114.4%
  Time to Breakeven591 days1085 days

Compare to XLRE, SCHH, IYR, REET, USRT

In The Past

Vanguard Real Estate ETF's stock fell -12.5% during the 2025 US Tariff Shock. Such a loss loss requires a 14.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

VNQ Dip Buy History


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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
NOBLProShares S&P 500 Dividend Aristocrats ETF-5.4%107.835232026114.03301202683
ARKKARK Innovation ETF-8.2%76.40523202683.211132026130
URAGlobal X Uranium ETF-20.8%48.96523202661.811282026115
LITGlobal X Lithium & Battery Tech ETF-6.9%85.28523202691.62511202612
CGBLCapital Group Core Balanced ETF-6.2%34.41523202636.67225202687
XLFState Street Financial Select Sector SPDR ETF-7.4%51.94523202656.111062026137
XLVState Street Health Care Select Sector SPDR ETF-6.1%149.895232026159.54301202683
XLPState Street Consumer Staples Select Sector SPDR ETF-5.3%84.80523202689.51301202683
XLBState Street Materials Select Sector SPDR ETF-5.8%50.29523202653.382112026101
XBIState Street SPDR S&P Biotech ETF-5.1%131.665232026138.67419202634
ITAiShares U.S. Aerospace & Defense ETF-10.0%225.375232026250.42302202682
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-8.6%171.955232026188.18329202655
TLTiShares 20+ Year Treasury Bond ETF-6.1%84.68523202690.16301202683
VGLTVanguard Long-Term Treasury ETF-5.4%54.13523202657.20301202683
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.8%25.71523202627.28301202683
TLHiShares 10-20 Year Treasury Bond ETF-5.3%98.735232026104.25301202683
EDVVanguard World Funds Extended Duration ETF-8.4%62.59523202668.33301202683
GSGiShares GSCI Commodity-5.8%30.01523202631.85318202666
GLDSPDR Gold Trust-16.6%413.825232026495.901292026114
IAUiShares Gold Trust-16.5%84.815232026101.571292026114
GLDMSPDR Gold MiniShares Trust-16.4%89.215232026106.771292026114
SGOLETFS Physical Swiss Gold Shares-13.1%44.66523202651.411292026114
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34523202653.161292026114
SLViShares Silver Trust-35.3%68.365232026105.601282026115
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.395232026110.871282026115
PPLTETFS Physical Platinum Shares-30.7%17.47523202625.231252026118
CPERUnited States Copper Index Fund ETV-13.9%33.33523202638.711292026114
PALLETFS Physical Palladium Shares-34.1%24.52523202637.181282026115
USOUnited States Oil Fund LP-7.9%140.925232026152.9651920264
UNGUnited States Natural Gas Fund LP-35.3%10.94523202616.902012026111
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85523202660.13504202619
IBITiShares Bitcoin Trust ETF-22.5%42.96523202655.441142026129
FBTCFidelity Wise Origin Bitcoin Fund-22.5%65.98523202685.121142026129
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84523202676.311142026129
ETHAiShares Ethereum Trust ETF-39.2%15.57523202625.591142026129

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About VNQ

0Holdings Count: 158
Expense Ratio: 0.13%
Inception Date: 2004-09-23
Vanguard Real Estate ETF
Invests in stocks issued by real estate investment trusts (REITs), companies that purchase office buildings, hotels, and other real property. Goal is to closely track the return of the MSCI US Investable Market Real Estate 25/50 Index. Offers high potential for investment income and some growth; share value rises and falls more sharply than that of funds holding bonds. Appropriate for helping diversify the risks of stocks and bonds in a portfolio.
Asset Class: Real Estate (Listed/REITs) | ETF Website

Recent Active Movers

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity7.7 Mil
Short Interest: % Change Since 41520261.5%
Average Daily Volume2.7 Mil
Days-to-Cover Short Interest2.8 days