Vanguard Real Estate Index Fund ETF Shares

10-Year Study

VNQ.US · · US · ETF

Executive Summary: Vanguard Real Estate Index Fund ETF Shares has compounded at 5.3% annually over the last 10 years, with a maximum drawdown of 32.8% and an annualized volatility of 15.4%.

1Y CAGR
+10.5%
3Y CAGR
+10.2%
5Y CAGR
+2.7%
10Y CAGR
+5.3%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
32.8%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.13
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.19
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
17.7%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · +40.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -26.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20262.65.4-7.37.3————————7.5%
20251.73.7-2.6-2.41.10.70.13.50.1-2.52.4-2.23.2%
2024-5.12.02.0-7.94.61.97.95.23.3-3.44.3-8.44.8%
202310.4-5.9-2.20.3-4.05.62.0-3.4-7.3-3.612.19.411.9%
2022-8.4-3.56.3-4.1-4.7-7.48.6-6.0-12.93.56.1-5.0-26.3%
20210.03.45.27.90.82.64.42.2-5.77.1-2.19.740.5%
20201.2-7.0-19.49.01.72.43.60.4-2.7-3.09.72.7-4.6%
201911.90.74.2-0.20.11.61.73.71.91.1-1.30.828.9%
2018-4.3-7.73.90.83.74.20.62.6-2.7-2.94.7-8.0-6.0%
2017-0.23.5-2.40.2-0.72.21.2-0.3-0.1-1.12.7-0.14.9%
2016———-2.42.26.94.3-3.8-1.8-5.7-1.74.82.2%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 15.4%. The dominant macroeconomic risk driver is VNQ.US, accounting for 100.0% of variance. Idiosyncratic stock-specific factors contribute 0.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019764.925006319694
2016-05-019984.481644805213
2016-06-0110676.25972530405
2016-07-0111131.382889082382
2016-08-0110712.369744122687
2016-09-0110516.073083728901
2016-10-019912.314271269275
2016-11-019746.211695643626
2016-12-0110215.69460438727
2017-01-0110195.892902283516
2017-02-0110553.622587984159
2017-03-0110297.833047776874
2017-04-0110322.77827711148
2017-05-0110247.960143808106
2017-06-0110476.768109428982
2017-07-0110606.40957222706
2017-08-0110578.725809622785
2017-09-0110566.665730415976
2017-10-0110453.473021936356
2017-11-0110731.97834452153
2017-12-0110716.108895317811
2018-01-0110260.24843412072
2018-02-019472.481251579924
2018-03-019841.05974215656
2018-04-019921.899137713115
2018-05-0110287.019352301773
2018-06-0110719.268741398198
2018-07-0110783.764710838974
2018-08-0111061.44496250316
2018-09-0110766.683987304441
2018-10-0110451.752661292589
2018-11-0110940.177091818106
2018-12-0110070.271465887705
2019-01-0111264.06131505772
2019-02-0111342.390388450413
2019-03-0111820.615538016458
2019-04-0111801.586242732355
2019-05-0111817.912114147684
2019-06-0112001.63960902171
2019-07-0112206.257197427183
2019-08-0112663.522034660002
2019-09-0112907.549925568072
2019-10-0113052.902845265848
2019-11-0112882.639805634357
2019-12-0112981.700980254474
2020-01-0113141.18543381176
2020-02-0112217.82574502149
2020-03-019848.555599247255
2020-04-0110731.188383001434
2020-05-0110917.303317136195
2020-06-0111181.975535769458
2020-07-0111589.20947672949
2020-08-0111640.469202033539
2020-09-0111330.347863944051
2020-10-0110990.260652192232
2020-11-0112053.56641294273
2020-12-0112383.068140325255
2021-01-0112387.439260736457
2021-02-0112811.736370530576
2021-03-0113471.863326124203
2021-04-0114530.710192961267
2021-05-0114648.045810746285
2021-06-0115034.407212875318
2021-07-0115699.045726483724
2021-08-0116037.28969468865
2021-09-0115126.130522708761
2021-10-0116205.077521557172
2021-11-0115863.26994916159
2021-12-0117402.904951829903
2022-01-0115937.298120944864
2022-02-0115382.253602224533
2022-03-0116345.725781535266
2022-04-0115677.541218436649
2022-05-0114942.98233294947
2022-06-0113829.821222930654
2022-07-0115021.399179844397
2022-08-0114118.227396567707
2022-09-0112301.087689239672
2022-10-0112732.248686908408
2022-11-0113514.78456871612
2022-12-0112834.311715304892
2023-01-0114169.416903069967
2023-02-0113338.482712131
2023-03-0113050.971828216725
2023-04-0113091.83917085639
2023-05-0112573.203100862289
2023-06-0113280.955958767521
2023-07-0113551.140353341012
2023-08-0113093.401539196135
2023-09-0112142.287868999803
2023-10-0111702.56017751313
2023-11-0113116.433306182065
2023-12-0114355.373844900709
2024-01-0113629.170996826113
2024-02-0113898.863859787096
2024-03-0114170.101536387385
2024-04-0113044.423924950146
2024-05-0113639.21228548156
2024-06-0113894.984270988401
2024-07-0114998.156756453109
2024-08-0115781.166615172879
2024-09-0116297.116815998654
2024-10-0115750.094795382412
2024-11-0116420.912563548016
2024-12-0115046.045979271412
2025-01-0115294.322107687556
2025-02-0115860.162767182543
2025-03-0115449.716316040785
2025-04-0115072.606241047104
2025-05-0115241.535123444653
2025-06-0115346.442013313486
2025-07-0115360.22245316406
2025-08-0115894.394433053396
2025-09-0115903.48776788473
2025-10-0115513.826082071737
2025-11-0115889.584445131031
2025-12-0115534.154425188888
2026-01-0115939.668005505155
2026-02-0116798.092857343483
2026-03-0115571.019296126731
2026-04-0116705.05294497655
Annual Return Matrix
YearAnnual Return
20170.04898485226013216
2018-0.06026790467874865
20190.2891113237839733
2020-0.04611359026369166
20210.4053790833273083
2022-0.2625190018086393
20230.1185152864708714
20240.04811244498631018
20250.032440977954602435
20260.07537574867216645
Total Factor Risk
0.15361662809046797
VTI.US Exposure
7.320330349703952e-16
VEA.US Exposure
2.1427117674893869e-16
VWO.US Exposure
9.664921313354892e-17
QQQ.US Exposure
-3.2337383995901746e-16
VTV.US Exposure
5.208535518524432e-16
IJR.US Exposure
3.431506756864518e-16
QUAL.US Exposure
-3.5516674823702e-16
SHV.US Exposure
2.6782592673874042e-18
TLT.US Exposure
2.5586237243341885e-16
LQD.US Exposure
6.4698214037873365e-18
HYG.US Exposure
-7.609554460936754e-18
GLD.US Exposure
-4.8451561152611645e-17
USO.US Exposure
1.4440034512746568e-17
VNQ.US Exposure
0.9999995762365017
BTC-USD.CC Exposure
6.768065838594808e-17
CPER.US Exposure
-2.228808167898187e-16
VIX.INDX Exposure
-2.043558455232351e-16
UUP.US Exposure
2.1820100625934803e-17
TIP.US Exposure
-1.988978101055961e-18
Idiosyncratic Exposure
4.2376349705939565e-7
Value Score
36.1
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
43.6
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
15.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →34.8x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →3.63%
Market Cap$30.3B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$166
Avg Yield on Cost
1.66%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$166.011.66%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.9%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+5.7%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.8% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.15
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Vanguard Real Estate Index Fund ETF Shares a high-risk investment?

Vanguard Real Estate Index Fund ETF Shares (VNQ.US) has an annualized volatility of 15.4% and experienced a maximum drawdown of 32.8% over the last 10 years. Its primary macro risk driver is VNQ.US.

What is the 10-year return of VNQ.US?

Over the past 10 years, VNQ.US has generated a Compound Annual Growth Rate (CAGR) of 5.3%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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