Vanguard Real Estate ETF

Vanguard Real Estate ETF

About

Vanguard Real Estate ETF (US9229085538) is a US-listed real estate ETF tracking the Real Estate Spliced Index. With a expense ratio of 0.13%, it is competitively priced, paying distributions. The fund holds 146 positions across 1 region with 37.0B in assets, with heavy concentration — 85% in United States, 85% in Real Estate.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database.
Component Score Details
Overall 6.8 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 8.7 Tracking Difference: 9.4 · TD Consistency: — · Expense Ratio: 7.1
Diversification (45%) 3.7 Holding Count: 4.3 · Country Concentration: 4.8 · Sector Concentration: 1.0
Liquidity (25%) 10.0 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker VNQ
ISIN
Fund Size $37.0B
Issuer Vanguard
Distribution Pays Distributions
Replication Physical
Inception Sep 2004
Base Currency USD
Index Real Estate Spliced Index
Asset Class Real Estate
Category Real Estate

Costs

8.7
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.13%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month +0.00%
3 Months +0.08%
6 Months +0.08%
1 Year +0.07%
3 Years +0.14%
5 Years -0.06%
10 Years +0.08%
YTD +0.05%
Since Inception +0.08%

Holdings

4.3
With only 146 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
US9220316957
14.54%
#2
Welltower Inc
7.68%
#3
Prologis Inc
7.17%
#4
Equinix Inc
5.65%
#5
American Tower Corp
4.67%
#6
Simon Property Group Inc
3.57%
#7
Digital Realty Trust Inc
3.50%
#8
Realty Income Corp
3.04%
#9
Public Storage
2.57%
#10
Ventas Inc
2.15%
View all holdings (50)
# Holding Ticker Weight
1 VRTPX 1454.00%
2 Welltower Inc WELL 768.00%
3 Prologis Inc PLD 717.00%
4 Equinix Inc EQIX 565.00%
5 American Tower Corp AMT 467.00%
6 Simon Property Group Inc SPG 357.00%
7 Digital Realty Trust Inc DLR 350.00%
8 Realty Income Corp O 304.00%
9 Public Storage PSA 257.00%
10 Ventas Inc VTR 215.00%
11 Crown Castle Inc CCI 214.00%
12 Iron Mountain Inc IRM 205.00%
13 CBRE Group Inc CBRE 198.00%
14 Extra Space Storage Inc EXR 163.00%
15 VICI Properties Inc VICI 154.00%
16 AvalonBay Communities Inc AVB 136.00%
17 Equity Residential EQR 118.00%
18 SBA Communications Corp SBAC 115.00%
19 Weyerhaeuser Co WY 95.00%
20 Essex Property Trust Inc ESS 94.00%
21 Kimco Realty Corp KIM 87.00%
22 WP Carey Inc WPC 87.00%
23 Host Hotels & Resorts Inc HST 85.00%
24 Invitation Homes Inc INVH 85.00%
25 Sun Communities Inc SUI 82.00%
26 Mid-America Apartment Communities Inc MAA 80.00%
27 Omega Healthcare Investors Inc OHI 74.00%
28 CoStar Group Inc CSGP 72.00%
29 Healthpeak Properties Inc DOC 71.00%
30 Jones Lang LaSalle Inc JLL 71.00%
31 Lamar Advertising Co LAMR 70.00%
32 Gaming and Leisure Properties Inc GLPI 68.00%
33 Regency Centers Corp REG 68.00%
34 Equity LifeStyle Properties Inc ELS 61.00%
35 EastGroup Properties Inc EGP 58.00%
36 UDR Inc UDR 58.00%
37 American Homes 4 Rent AMH 55.00%
38 Camden Property Trust CPT 55.00%
39 American Healthcare REIT Inc AHR 50.00%
40 Federal Realty Investment Trust FRT 50.00%
41 CareTrust REIT Inc CTRE 49.00%
42 BXP Inc BXP 48.00%
43 Brixmor Property Group Inc BRX 48.00%
44 Agree Realty Corp ADC 48.00%
45 CubeSmart CUBE 48.00%
46 NNN REIT Inc NNN 45.00%
47 First Industrial Realty Trust Inc FR 44.00%
48 Rexford Industrial Realty Inc REXR 43.00%
49 Alexandria Real Estate Equities Inc ARE 41.00%
50 STAG Industrial Inc STAG 39.00%

Sectors

1.0
This fund is concentrated in just a few of its 2 sectors, reducing diversification.
 
Sector Weight
Real Estate 8452.00%
Unknown 1548.00%

Regions

4.8
This fund is concentrated in just 2 countries, with significant geographic concentration.
 
Country Weight
United States 8452.00%
UNKNOWN 1548.00%

Nerd Stuff

Advanced risk and return metrics (2023-06-30 — 2026-06-18).
68.7%
Volatility
-14.4%
Max Drawdown
1.56
Sharpe Ratio
2.29
Sortino Ratio
7.41
Calmar Ratio
0.55
Beta
-8.27%
Alpha (Jensen's)
0.280
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).
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