VNQ
Vanguard Real Estate ETF

Price: $101.72
Change: $1.72 (0.02%)
Category: Real Estate
Last Updated:

Vitals

Issuer Vanguard
Brand Vanguard
Structure ETF
Expense Ratio 0.12%
ETF Home Page Home page
Inception Sep 23, 2004

Analyst Report

The Vanguard Real Estate Trust (VNQ) offers broad exposure to U.S. equity REITs, alongside a small allocation to specialized REITs and real estate firms. Real estate has historically been embraced because of its ability to deliver excess returns during bull markets and for its low correlation with traditional stock and bond investments. REITs might appeal to investors seeking current income, as these trusts must distribute at least 90% of their income to investors. The fund offers an efficient way for investors to gain indirect exposure to real estate prices (as opposed to direct exposure gained through ownership of a residential property).


VNQ has several competitors in the low-cost REIT space, including the JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and the Schwab U.S. REIT ETF (SCHH). As of June 2020, VNQ charges a significantly lower management fee than the iShares U.S. Real Estate ETF (IYR), long a giant in the segment.


Before February 1, 2018, VNQ tracked the MSCI US REIT Index. Vanguard changed the underlying index of VNQ to allow the fund to augment its REIT holdings with certain specialized REITs as well as real estate management and development companies. Investors who preferred VNQ’s earlier iteration can look to BBRE, which as of June 2020 tracked VNQ’s former index.

ETF Database Themes

Category Real Estate
Asset Class Real Estate
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Real Estate
Sector (Specific) Broad
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. Real Estate
Category Sector
Focus Real Estate
Niche Broad-based
Strategy Vanilla
Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $86.08
  • 52 Week Hi $115.34
  • AUM $41,418.0 M
  • Shares 414.3 M

Historical Trading Data

  • 1 Month Avg. Volume 3,814,192
  • 3 Month Avg. Volume 4,906,120

Alternative ETFs in the ETF Database Real Estate Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SCHH 0.07% $6.4 B 2 M -10.10%
Largest (AUM) SCHH 0.07% $6.4 B 2 M -10.10%
Most Liquid (Volume) IYR 0.39% $4.4 B 7 M -10.90%
Top YTD Performer REK 0.95% $36.7 M 101,097 8.85%

Alternative ETFs in the FactSet Equity: U.S. Real Estate Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FREL 0.09% $1.8 B 322,278 -11.17%
Largest (AUM) XLRE 0.10% $5.6 B 6 M -10.89%
Most Liquid (Volume) IYR 0.39% $4.4 B 7 M -10.90%
Top YTD Performer REIT 0.68% $19.9 M 3,333 -7.52%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

VNQ ETF Database Category Average FactSet Segment Average
Number of Holdings 171 70 66
% of Assets in Top 10 45.93% 47.80% 41.88%
% of Assets in Top 15 54.48% 60.70% 54.85%
% of Assets in Top 50 83.83% 91.48% 85.23%

Size Comparison

VNQ ETF Database Category Average FactSet Segment Average
Large (>12.9B) 71.56% 47.49% 50.57%
Mid (>2.7B) 22.75% 29.70% 24.08%
Small (>600M) 5.42% 15.03% 10.55%
Micro (<600M) 0.27% 1.33% 1.48%

VNQ Valuation

This section compares the P/E ratio of this ETF to its peers.

VNQ
P/E Ratio
40.70
ETF Database Category Average
P/E Ratio
27.64
FactSet Segment Average
P/E Ratio
32.10

VNQ Dividend

This section compares the dividend yield of this ETF to its peers.

VNQ ETF Database Category Average FactSet Segment Average
Dividend $ 0.66 $ 0.24 $ 0.23
Dividend Date 2021-09-24 N/A N/A
Annual Dividend Rate $ 3.25 $ 1.20 $ 1.10
Annual Dividend Yield 2.96% 2.58% 1.92%

VNQ Price and Volume Charts

View charts featuring VNQ price and volume data.

VNQ Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -7.02 M 1 Month Net Flows: -409.73 M 3 Month Net Flows: -1.63 B 6 Month Net Flows: -2.42 B 1 Year Net Flows: 567.82 M 3 Year Net Flows: 4.2 B 5 Year Net Flows: 2.49 B 10 Year Net Flows: 18.27 B

VNQ Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 1.29 B
1 Month Net AUM Change: 2.9 B
3 Month Net AUM Change: -1.73 B
6 Month Net AUM Change: -4.34 B
1 Year Net AUM Change: -2.61 B
3 Year Net AUM Change: 6.93 B
5 Year Net AUM Change: 7.08 B
10 Year Net AUM Change: 27.87 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for VNQ on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Real Estate with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A IYR
Expenses A SCHH
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

VNQ Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

VNQ
Expense Ratio
0.12%
ETF Database Category Average
Expense Ratio
0.43%
FactSet Segment Average
Expense Ratio
0.43%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores
6.41/10
ESG Score
38.28%
Global Percentile
73.03%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      13.73%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      94.61
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      13.73%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.79%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

VNQ Performance

This section shows how this ETF has performed relative to its peers.

VNQ ETF Database
Category Average
Factset Segment
Average
1 Month Return 10.71% 9.62% 10.68%
3 Month Return 9.41% 7.41% 9.01%
YTD Return -11.28% -9.02% -8.58%
1 Year Return -1.55% -1.94% -0.55%
3 Year Return 23.76% 12.59% 15.32%
5 Year Return 49.40% 20.76% 27.59%

Geographic Exposure

The following charts reflect the geographic spread of VNQ's underlying holdings.

Region Percentage
North, Central and South America 99.34%
Other 0.66%
Country Percentage
United States 87.55%
Other 12.27%
United Kingdom 0.14%
Canada 0.04%

Holdings Analysis

The following charts reflect the allocation of VNQ's underlying holdings.

Sector Percentage
Finance 87.49%
Miscellaneous 11.61%
CASH 0.66%
Technology Services 0.18%
Commercial Services 0.06%
Other 0.0%
Market Cap Percentage
Large 71.56%
Mid 22.75%
Small 5.42%
Micro 0.27%
Region Percentage
Asset Percentage
Share/Common/Ordinary 87.73%
Open-ended Fund 11.61%
CASH 0.66%
Other 0.0%
Sector Percentage
Finance 87.49%
Miscellaneous 11.61%
CASH 0.66%
Technology Services 0.18%
Commercial Services 0.06%
Other 0.0%

VNQ Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 135.09%
20 Day Volatility 16.60%
50 Day Volatility 23.59%
200 Day Volatility 24.89%
Beta 0.8
Standard Deviation 6.06%
5 Day Volatility
135.09%
Rank
16 of 31

20 Day Volatility
16.60%
Rank
13 of 31

50 Day Volatility
23.59%
Rank
13 of 31

200 Day Volatility
24.89%
Rank
12 of 31

Beta
0.8
Rank
20 of 28

Standard Deviation
6.06%
Rank
3 of 29

Technicals

  • 20 Day MA $96.71
  • 60 Day MA $94.29
  • MACD 15 Period 3.87
  • MACD 100 Period 3.23
  • Williams % Range 10 Day 1.21
  • Williams % Range 20 Day 0.64
  • RSI 10 Day 79
  • RSI 20 Day 66
  • RSI 30 Day 60
  • Ultimate Oscillator 70

Bollinger Bands

  • Lower Bollinger (10 Day) $95.65
  • Upper Bollinger (10 Day) $101.42
  • Lower Bollinger (20 Day) $91.39
  • Upper Bollinger (20 Day) $101.84
  • Lower Bollinger (30 Day) $88.68
  • Upper Bollinger (30 Day) $101.31

Support & Resistance

  • Support Level 1 $100.93
  • Support Level 2 $100.14
  • Resistance Level 1 $102.15
  • Resistance Level 2 $102.58

Stochastic

  • Stochastic Oscillator %D (1 Day) 68.72
  • Stochastic Oscillator %D (5 Day) 85.17
  • Stochastic Oscillator %K (1 Day) 63.32
  • Stochastic Oscillator %K (5 Day) 76.24

Tradability

  • Tracking Difference Median (%) -0.15
  • Tracking Difference Max Upside (%) -0.09
  • Tracking Difference Max Downside (%) -0.21
  • Median Premium Discount (%) 0.01
  • Maximum Premium Discount (%) 0.15
  • Average Spread (%) 1.14
  • Average Spread ($) 1.14

Financial Advisor Report

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Fact Sheet

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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