Vanguard Real Estate (VNQ): Historical Returns

Data Source: from January 1928 to February 2024 (~96 years)
Consolidated Returns as of 29 February 2024
Live Update: Mar 18 2024
Category: Stocks
Vanguard Real Estate (VNQ) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.05%
1 Day
Mar 18 2024
0.37%
Current Month
March 2024

In the last 30 Years, the Vanguard Real Estate (VNQ) ETF obtained a 8.49% compound annual return, with a 19.46% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Real Estate
  • Size: Multi Cap
  • Style: Blend
  • Region: North America
  • Country: U.S.
  • Sector: Real Estate
  • Industry: Broad Real Estate

The Vanguard Real Estate (VNQ) ETF is part of the following Lazy Portfolios:

Portfolio Name Author VNQ Weight Currency
Talmud Portfolio Roger Gibson 33.33% USD
Marc Faber Portfolio Marc Faber 25.00% USD
Ivy Portfolio Mebane Faber 20.00% USD
Lazy Portfolio David Swensen 20.00% USD
Yale Endowment David Swensen 20.00% USD
Five Asset Roger Gibson 20.00% USD
Dynamic 60/40 Income 20.00% USD
One-Decision Portfolio Marvin Appel 20.00% USD
Nano Portfolio John Wasik 20.00% USD
Five Fold Scott Burns 20.00% USD
Weird Portfolio Value Stock Geek 20.00% USD
Six Ways from Sunday Scott Burns 16.66% USD
Pinwheel 15.00% USD
Late Sixties and Beyond Burton Malkiel 15.00% USD
Seven Value Scott Burns 14.25% USD
Mid-Fifties Burton Malkiel 12.50% USD
Coffeehouse Bill Schultheis 10.00% USD
Robust Alpha Architect 10.00% USD
Rob Arnott Portfolio Rob Arnott 10.00% USD
Ultimate Buy and Hold Strategy Paul Merriman 10.00% USD
Late Thirties to Early Forties Burton Malkiel 10.00% USD
Mid-Twenties Burton Malkiel 10.00% USD
Jane Bryant Quinn Portfolio Jane Bryant Quinn 10.00% USD
Sheltered Sam 100/0 Bill Bernstein 10.00% USD
Long Term Portfolio Ben Stein 10.00% USD
Simple and Cheap Time Inc 10.00% USD
Tilt Toward Value Time Inc 10.00% USD
Sheltered Sam 90/10 Bill Bernstein 9.00% USD
7Twelve Portfolio Craig Israelsen 8.34% USD
Core Four Rick Ferri 8.00% USD
Ideal Index Frank Armstrong 8.00% USD
Sheltered Sam 80/20 Bill Bernstein 8.00% USD
Sheltered Sam 70/30 Bill Bernstein 7.00% USD
Ultimate Buy&Hold FundAdvice 6.00% USD
Big Rocks Portfolio Larry Swedroe 6.00% USD
Sheltered Sam 60/40 Bill Bernstein 6.00% USD
Coward's Portfolio Bill Bernstein 5.00% USD
Sandwich Portfolio Bob Clyatt 5.00% USD
Conservative Income Charles Schwab 5.00% USD
Gone Fishin' Portfolio Alexander Green 5.00% USD
Global Market Portfolio Credit Suisse 5.00% USD
Sheltered Sam 50/50 Bill Bernstein 5.00% USD
GAA Global Asset Allocation Mebane Faber 4.50% USD
Perfect Portfolio Ben Stein 4.00% USD
Sheltered Sam 40/60 Bill Bernstein 4.00% USD
Sheltered Sam 30/70 Bill Bernstein 3.00% USD
Sheltered Sam 20/80 Bill Bernstein 2.00% USD
Sheltered Sam 10/90 Bill Bernstein 1.00% USD
Lifepath Fund iShares 0.51% USD

Investment Returns as of Feb 29, 2024

The Vanguard Real Estate (VNQ) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
VANGUARD REAL ESTATE (VNQ) ETF
Consolidated returns as of 29 February 2024
Live Update: Mar 18 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Feb 29, 2024
  1 Day Time ET(*) Mar 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~96Y)
Vanguard Real Estate (VNQ) ETF 0.05 -0.37 1.98 6.13 4.14 4.12 6.04 8.49 6.99
US Inflation Adjusted return 1.53 4.47 0.95 -0.07 3.14 5.81 3.82
Returns over 1 year are annualized | Available data source: since Jan 1928
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Feb 2024. Current inflation (annualized) is 1Y: 3.17% , 5Y: 4.19% , 10Y: 2.82% , 30Y: 2.54%

In 2023, the Vanguard Real Estate (VNQ) ETF granted a 4.30% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard Real Estate (VNQ) ETF: Dividend Yield page.

Capital Growth as of Feb 29, 2024

An investment of 1$, since March 1994, now would be worth 11.54$, with a total return of 1053.98% (8.49% annualized).

The Inflation Adjusted Capital now would be 5.44$, with a net total return of 444.24% (5.81% annualized).
An investment of 1$, since January 1928, now would be worth 663.73$, with a total return of 66273.18% (6.99% annualized).

The Inflation Adjusted Capital now would be 36.93$, with a net total return of 3593.08% (3.82% annualized).

Investment Metrics as of Feb 29, 2024

Metrics of Vanguard Real Estate (VNQ) ETF, updated as of 29 February 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
VANGUARD REAL ESTATE (VNQ) ETF
Advanced Metrics
Data Source: 1 January 1928 - 29 February 2024 (~96 years)
Swipe left to see all data
Metrics as of Feb 29, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~96Y)
Investment Return (%) 1.98 5.95 6.13 4.14 2.73 4.12 6.04 7.47 8.49 6.99
Infl. Adjusted Return (%) details 1.53 4.92 4.47 0.95 -2.78 -0.07 3.14 4.76 5.81 3.82
US Inflation (%) 0.44 0.98 1.59 3.17 5.68 4.19 2.82 2.59 2.54 3.05
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -13.65 -32.78 -32.78 -32.78 -68.30 -68.30 -68.30
Start to Recovery (# months) details 5 26* 26* 26* 65 65 65
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 02 2007 02 2007 02
Start to Bottom (# months) 3 22 22 22 25 25 25
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 02 2009 02 2009 02
Bottom to End (# months) 2 4 4 4 40 40 40
End (yyyy mm) 2023 12 - - - 2012 06 2012 06 2012 06
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest
-14.88
same as
deepest

same as
deepest
-64.90
Start to Recovery (# months) details 30 199
Start (yyyy mm) 2023 08 2022 01 2022 01 2016 08 2007 02 2007 02 1929 09
Start to Bottom (# months) 3 22 22 19 25 25 34
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2018 02 2009 02 2009 02 1932 06
Bottom to End (# months) 2 4 4 11 40 40 165
End (yyyy mm) 2023 12 - - 2019 01 2012 06 2012 06 1946 03
Longest negative period (# months) details 9 34* 55 55 70 92 233
Period Start (yyyy mm) 2023 03 2021 05 2019 04 2019 04 2007 02 2001 07 1955 08
Period End (yyyy mm) 2023 11 2024 02 2023 10 2023 10 2012 11 2009 02 1974 12
Annualized Return (%) -2.27 -1.57 -0.25 -0.25 -0.09 -0.25 -0.04
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -14.46 -38.62 -38.62 -38.62 -69.68 -69.68 -69.68
Start to Recovery (# months) details 5 26* 26* 26* 75 75 75
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 02 2007 02 2007 02
Start to Bottom (# months) 3 22 22 22 25 25 25
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 02 2009 02 2009 02
Bottom to End (# months) 2 4 4 4 50 50 50
End (yyyy mm) 2023 12 - - - 2013 04 2013 04 2013 04
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest
-18.09
same as
deepest

same as
deepest
-50.10
Start to Recovery (# months) details 32 260
Start (yyyy mm) 2023 08 2022 01 2022 01 2016 08 2007 02 2007 02 1957 08
Start to Bottom (# months) 3 22 22 19 25 25 209
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2018 02 2009 02 2009 02 1974 12
Bottom to End (# months) 2 4 4 13 50 50 51
End (yyyy mm) 2023 12 - - 2019 03 2013 04 2013 04 1979 03
Longest negative period (# months) details 11 36* 60* 107 107 146 576
Period Start (yyyy mm) 2023 03 2021 03 2019 03 2014 12 2014 12 1997 01 1928 01
Period End (yyyy mm) 2024 01 2024 02 2024 02 2023 10 2023 10 2009 02 1975 12
Annualized Return (%) -0.63 -2.78 -0.07 -0.01 -0.01 -0.22 -0.07
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 19.88 21.63 20.48 17.77 22.24 19.46 19.64
Sharpe Ratio -0.05 0.02 0.11 0.27 0.28 0.32 0.15
Sortino Ratio -0.09 0.02 0.15 0.37 0.36 0.43 0.22
Ulcer Index 5.50 18.50 15.71 12.03 18.29 15.78 18.60
Ratio: Return / Standard Deviation 0.21 0.13 0.20 0.34 0.34 0.44 0.36
Ratio: Return / Deepest Drawdown 0.30 0.08 0.13 0.18 0.11 0.12 0.10
% Positive Months details 50% 52% 61% 59% 59% 60% 57%
Positive Months 6 19 37 71 143 217 667
Negative Months 6 17 23 49 97 143 487
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 6.04 18.35 18.35 23.58
Worst 10 Years Return (%) - Annualized 4.33 3.15 -5.70
Best 10 Years Return (%) - Annualized 3.14 16.25 16.25 16.25
Worst 10 Years Return (%) - Annualized 1.80 0.54 -5.44
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 110.54 43.49 29.54 18.35 11.81 8.49
Worst Rolling Return (%) - Annualized -58.17 -25.03 -8.74 3.15 7.25
% Positive Periods 74% 88% 95% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 56.98 19.84 12.78 7.95 7.70 7.27
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.85 5.11 5.93
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 105.83 39.99 26.93 16.25 9.35 5.81
Worst Rolling Return (%) - Annualized -57.99 -26.57 -11.03 0.54 4.56
% Positive Periods 68% 79% 87% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 56.98 19.84 12.78 7.95 7.70 7.27
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.85 5.11 5.93
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1928 - Feb 2024)
Best Rolling Return (%) - Annualized 114.31 43.49 29.54 23.58 16.14 15.45
Worst Rolling Return (%) - Annualized -58.17 -25.90 -12.64 -5.70 0.23 2.11
% Positive Periods 70% 82% 89% 94% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 56.98 19.84 12.78 7.26 3.83 2.81
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 129.50 39.99 26.93 16.25 10.13 10.53
Worst Rolling Return (%) - Annualized -57.99 -26.57 -11.03 -5.44 -3.04 -0.88
% Positive Periods 62% 68% 73% 81% 92% 96%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 56.98 19.84 12.78 7.26 3.83 2.81
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Feb 29, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of Vanguard Real Estate (VNQ) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

VANGUARD REAL ESTATE (VNQ) ETF
Monthly correlations as of 29 February 2024
Swipe left to see all data
Correlation vs VNQ
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.89
0.86
0.76
0.63
0.63
SPY
US Large Cap
0.86
0.85
0.75
0.61
0.60
IJR
US Small Cap
0.91
0.80
0.71
0.65
0.65
QQQ
US Technology
0.63
0.74
0.63
0.39
0.39
PFF
Preferred Stocks
0.76
0.82
0.76
0.52
0.52
EFA
EAFE Stocks
0.89
0.82
0.68
0.61
0.59
VT
World All Countries
0.91
0.86
0.75
0.63
0.62
EEM
Emerging Markets
0.81
0.67
0.56
0.53
0.52
VGK
Europe
0.90
0.83
0.68
0.61
0.60
VPL
Pacific
0.88
0.76
0.66
0.51
0.48
FLLA
Latin America
0.88
0.66
0.47
0.47
0.46
BND
US Total Bond Market
0.75
0.61
0.58
0.32
0.32
TLT
Long Term Treasuries
0.82
0.37
0.40
0.10
0.11
BIL
US Cash
0.33
-0.11
-0.09
-0.01
-0.01
TIP
TIPS
0.63
0.67
0.63
0.33
0.33
LQD
Invest. Grade Bonds
0.80
0.72
0.69
0.44
0.44
HYG
High Yield Bonds
0.89
0.79
0.69
0.69
0.68
CWB
US Convertible Bonds
0.88
0.74
0.66
0.61
0.61
BNDX
International Bonds
0.72
0.63
0.59
0.30
0.29
EMB
Emerg. Market Bonds
0.96
0.80
0.69
0.52
0.52
GLD
Gold
0.15
0.28
0.19
0.14
0.13
DBC
Commodities
-0.05
0.43
0.25
0.26
0.26

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

VANGUARD REAL ESTATE (VNQ) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1928 - 29 February 2024 (~96 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-68.30% Feb 2007 Feb 2009 25 Jun 2012 40 65 30.57
-32.78% Jan 2022 Oct 2023 22 in progress 4 26 21.62
-25.08% Feb 2020 Mar 2020 2 Mar 2021 12 14 12.66
-22.09% Jan 1998 Nov 1999 23 Dec 2000 13 36 13.51
-16.50% Mar 1994 Nov 1994 9 Dec 1995 13 22 8.57
-14.88% Aug 2016 Feb 2018 19 Jan 2019 11 30 7.14
-14.56% Apr 2004 Apr 2004 1 Aug 2004 4 5 7.63
-13.50% May 2013 Aug 2013 4 Apr 2014 8 12 7.86
-13.08% Feb 2015 Aug 2015 7 Mar 2016 7 14 7.40
-13.01% Jul 2002 Oct 2002 4 May 2003 7 11 7.77
-8.56% Jan 2005 Jan 2005 1 May 2005 4 5 5.19
-7.12% Sep 2001 Oct 2001 2 Dec 2001 2 4 3.71
-6.04% Sep 2014 Sep 2014 1 Oct 2014 1 2 3.49
-6.01% Apr 2006 May 2006 2 Jul 2006 2 4 3.15
-5.68% Sep 2021 Sep 2021 1 Oct 2021 1 2 3.28
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-69.68% Feb 2007 Feb 2009 25 Apr 2013 50 75 31.79
-38.62% Jan 2022 Oct 2023 22 in progress 4 26 26.46
-25.15% Jan 1998 Nov 1999 23 Jun 2001 19 42 14.95
-24.87% Nov 2019 Mar 2020 5 Mar 2021 12 17 11.54
-18.23% Mar 1994 Nov 1994 9 Jun 1996 19 28 9.53
-18.09% Aug 2016 Feb 2018 19 Mar 2019 13 32 9.18
-14.69% Apr 2004 Apr 2004 1 Aug 2004 4 5 8.02
-14.28% Feb 2015 Aug 2015 7 Mar 2016 7 14 8.28
-14.11% May 2013 Aug 2013 4 May 2014 9 13 8.23
-13.78% Jul 2002 Oct 2002 4 Jun 2003 8 12 8.46
-8.51% Jan 2005 Jan 2005 1 May 2005 4 5 5.48
-7.57% Aug 2005 Oct 2005 3 Jan 2006 3 6 4.17
-7.22% Sep 2001 Oct 2001 2 Dec 2001 2 4 3.84
-6.75% Apr 2006 May 2006 2 Jul 2006 2 4 3.64
-6.05% Sep 2021 Sep 2021 1 Dec 2021 3 4 3.07
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-68.30% Feb 2007 Feb 2009 25 Jun 2012 40 65 30.57
-64.90% Sep 1929 Jun 1932 34 Mar 1946 165 199 36.41
-36.99% Oct 1972 Dec 1974 27 Oct 1976 22 49 19.33
-32.78% Jan 2022 Oct 2023 22 in progress 4 26 21.62
-25.08% Feb 2020 Mar 2020 2 Mar 2021 12 14 12.66
-23.88% Sep 1989 Oct 1990 14 Apr 1991 6 20 11.25
-23.20% Aug 1957 Jun 1962 59 Jan 1966 43 102 9.06
-22.09% Jan 1998 Nov 1999 23 Dec 2000 13 36 13.51
-21.37% Oct 1993 Nov 1994 14 Jun 1996 19 33 11.33
-19.69% Jul 1948 Jun 1949 12 Jan 1951 19 31 10.37
-18.80% Nov 1969 Jun 1970 8 Nov 1970 5 13 8.66
-17.90% Aug 1987 Oct 1987 3 Jan 1989 15 18 6.88
-15.29% May 1967 Feb 1968 10 Nov 1968 9 19 7.82
-14.88% Aug 2016 Feb 2018 19 Jan 2019 11 30 7.14
-14.56% Apr 2004 Apr 2004 1 Aug 2004 4 5 7.63
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-69.68% Feb 2007 Feb 2009 25 Apr 2013 50 75 31.79
-55.55% Sep 1929 May 1932 33 Jun 1933 13 46 25.18
-50.10% Aug 1957 Dec 1974 209 Mar 1979 51 260 19.50
-46.98% Jul 1933 Apr 1942 106 May 1946 49 155 28.60
-38.62% Jan 2022 Oct 2023 22 in progress 4 26 26.46
-28.96% Sep 1989 Oct 1990 14 Jan 1992 15 29 12.91
-25.15% Jan 1998 Nov 1999 23 Jun 2001 19 42 14.95
-24.87% Nov 2019 Mar 2020 5 Mar 2021 12 17 11.54
-23.89% Oct 1993 Nov 1994 14 Oct 1996 23 37 13.53
-19.45% Mar 1987 Oct 1987 8 Jul 1989 21 29 7.65
-19.01% Sep 1979 Apr 1980 8 Oct 1980 6 14 10.39
-18.92% Jun 1946 Nov 1946 6 May 1948 18 24 11.02
-18.92% Jun 1948 Jun 1949 13 Oct 1953 52 65 8.72
-18.09% Aug 2016 Feb 2018 19 Mar 2019 13 32 9.18
-15.01% Nov 1980 Jul 1982 21 Oct 1982 3 24 8.47

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

VANGUARD REAL ESTATE (VNQ) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1928 - 29 February 2024 (~96 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -58.17 04/2008
03/2009
0.41$ -7.93 0.92$ 11.96 1.11$ 30.57 1.30$ 110.54 04/2009
03/2010
2.10$ 4.14 25.50%
2Y -42.93 03/2007
02/2009
0.32$ -2.20 0.95$ 10.91 1.22$ 23.04 1.51$ 65.96 03/2009
02/2011
2.75$ -4.96 18.10%
3Y -25.03 04/2006
03/2009
0.42$ 1.58 1.04$ 10.59 1.35$ 19.96 1.72$ 43.49 04/2009
03/2012
2.95$ 2.73 11.69%
5Y -8.74 04/2004
03/2009
0.63$ 3.20 1.17$ 8.34 1.49$ 18.55 2.34$ 29.54 03/2009
02/2014
3.64$ 4.12 4.98%
7Y -1.16 04/2002
03/2009
0.92$ 5.40 1.44$ 9.09 1.83$ 15.17 2.68$ 24.21 04/2009
03/2016
4.56$ 3.99 0.72%
10Y 3.15 03/1999
02/2009
1.36$ 6.45 1.86$ 10.02 2.59$ 13.57 3.57$ 18.35 04/2009
03/2019
5.39$ 6.04 0.00%
15Y 3.84 03/1994
02/2009
1.75$ 6.54 2.58$ 9.56 3.93$ 11.15 4.87$ 13.36 03/2009
02/2024
6.56$ 13.36 0.00%
20Y 7.25 11/2003
10/2023
4.05$ 8.94 5.54$ 9.94 6.64$ 10.94 7.97$ 11.81 02/1995
01/2015
9.32$ 7.47 0.00%
30Y 8.49 03/1994
02/2024
11.53$ 8.49 11.53$ 8.49 11.53$ 8.49 11.53$ 8.49 03/1994
02/2024
11.53$ 8.49 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -57.99 04/2008
03/2009
0.42$ -10.60 0.89$ 10.01 1.10$ 26.56 1.26$ 105.83 04/2009
03/2010
2.05$ 0.95 31.81%
2Y -44.07 03/2007
02/2009
0.31$ -4.60 0.91$ 8.48 1.17$ 20.02 1.44$ 62.48 03/2009
02/2011
2.64$ -9.10 22.55%
3Y -26.57 04/2006
03/2009
0.39$ -1.86 0.94$ 8.20 1.26$ 17.21 1.61$ 39.99 04/2009
03/2012
2.74$ -2.78 20.62%
5Y -11.03 04/2004
03/2009
0.55$ 0.38 1.01$ 6.25 1.35$ 15.68 2.07$ 26.93 03/2009
02/2014
3.29$ -0.07 12.96%
7Y -3.60 04/2002
03/2009
0.77$ 2.92 1.22$ 6.96 1.60$ 12.28 2.25$ 22.21 04/2009
03/2016
4.07$ 0.45 4.33%
10Y 0.54 03/1999
02/2009
1.05$ 4.35 1.53$ 7.41 2.04$ 11.32 2.92$ 16.25 04/2009
03/2019
4.50$ 3.14 0.00%
15Y 1.30 03/1994
02/2009
1.21$ 4.47 1.92$ 7.04 2.77$ 8.67 3.47$ 10.61 02/2000
01/2015
4.53$ 10.52 0.00%
20Y 4.56 11/2003
10/2023
2.43$ 6.40 3.46$ 7.59 4.32$ 8.60 5.20$ 9.35 02/1995
01/2015
5.97$ 4.76 0.00%
30Y 5.81 03/1994
02/2024
5.44$ 5.81 5.44$ 5.81 5.44$ 5.81 5.44$ 5.81 03/1994
02/2024
5.44$ 5.81 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -58.17 04/2008
03/2009
0.41$ -7.39 0.92$ 7.74 1.07$ 25.56 1.25$ 114.31 07/1932
06/1933
2.14$ 4.14 29.13%
2Y -42.93 03/2007
02/2009
0.32$ -2.35 0.95$ 6.29 1.12$ 21.36 1.47$ 65.96 03/2009
02/2011
2.75$ -4.96 22.19%
3Y -25.90 07/1929
06/1932
0.40$ -0.80 0.97$ 6.04 1.19$ 18.89 1.68$ 43.49 04/2009
03/2012
2.95$ 2.73 17.78%
5Y -12.64 04/1930
03/1935
0.50$ 0.82 1.04$ 6.01 1.33$ 16.89 2.18$ 29.54 03/2009
02/2014
3.64$ 4.12 10.96%
7Y -7.36 04/1931
03/1938
0.58$ 1.29 1.09$ 7.36 1.64$ 14.72 2.61$ 24.21 04/2009
03/2016
4.56$ 3.99 7.84%
10Y -5.70 09/1929
08/1939
0.55$ 1.83 1.19$ 8.05 2.16$ 13.31 3.48$ 23.58 11/1975
10/1985
8.30$ 6.04 5.41%
15Y -1.75 09/1929
08/1944
0.76$ 2.31 1.40$ 8.06 3.19$ 13.43 6.61$ 19.18 09/1974
08/1989
13.90$ 13.36 1.85%
20Y 0.23 01/1955
12/1974
1.04$ 3.10 1.84$ 8.96 5.56$ 12.57 10.67$ 16.14 09/1974
08/1994
19.93$ 7.47 0.00%
30Y 2.11 10/1929
09/1959
1.86$ 3.84 3.09$ 9.04 13.41$ 11.60 26.94$ 15.45 01/1975
12/2004
74.53$ 8.49 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -57.99 04/2008
03/2009
0.42$ -9.36 0.90$ 4.28 1.04$ 21.23 1.21$ 129.50 07/1932
06/1933
2.29$ 0.95 37.53%
2Y -44.07 03/2007
02/2009
0.31$ -4.31 0.91$ 3.19 1.06$ 16.18 1.34$ 62.48 03/2009
02/2011
2.64$ -9.10 33.86%
3Y -26.57 04/2006
03/2009
0.39$ -3.30 0.90$ 3.16 1.09$ 13.34 1.45$ 39.99 04/2009
03/2012
2.74$ -2.78 31.37%
5Y -11.03 04/2004
03/2009
0.55$ -1.41 0.93$ 2.82 1.14$ 11.19 1.69$ 26.93 03/2009
02/2014
3.29$ -0.07 26.76%
7Y -7.30 09/1967
08/1974
0.58$ -0.54 0.96$ 3.43 1.26$ 10.08 1.95$ 22.21 04/2009
03/2016
4.07$ 0.45 22.04%
10Y -5.44 01/1965
12/1974
0.57$ -0.33 0.96$ 3.62 1.42$ 9.23 2.41$ 16.25 04/2009
03/2019
4.50$ 3.14 18.65%
15Y -3.70 01/1960
12/1974
0.56$ 0.18 1.02$ 3.90 1.77$ 8.71 3.49$ 12.27 01/1975
12/1989
5.67$ 10.52 13.13%
20Y -3.04 01/1955
12/1974
0.53$ 0.55 1.11$ 4.68 2.49$ 8.18 4.82$ 10.13 01/1975
12/1994
6.89$ 4.76 7.76%
30Y -0.88 06/1946
05/1976
0.76$ 0.96 1.33$ 4.04 3.27$ 7.64 9.09$ 10.53 01/1975
12/2004
20.17$ 5.81 3.14%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Vanguard Real Estate (VNQ) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in Vanguard Real Estate (VNQ) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-0.36
60%
-2.19
40%
-1.19
60%
2.58
60%
-1.19
60%
0.95
80%
4.08
100%
-0.61
60%
-5.31
20%
1.03
60%
4.90
60%
3.51
80%
Best 10.4
2023
3.4
2021
6.3
2022
9.0
2020
1.7
2020
5.6
2023
8.6
2022
3.7
2019
1.9
2019
7.1
2021
12.1
2023
9.7
2021
Worst -8.4
2022
-7.0
2020
-19.4
2020
-4.1
2022
-4.7
2022
-7.5
2022
1.7
2019
-6.0
2022
-12.9
2022
-3.6
2023
-2.1
2021
-5.0
2022
Monthly Seasonality over the period Feb 1928 - Feb 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.90
50%
-1.85
40%
0.82
70%
0.90
60%
0.13
60%
1.46
80%
3.24
100%
-0.77
50%
-3.41
20%
1.11
50%
3.15
60%
1.80
70%
Best 11.9
2019
3.5
2017
10.5
2016
9.0
2020
3.7
2018
6.9
2016
8.6
2022
3.7
2019
3.1
2015
9.9
2014
12.1
2023
9.7
2021
Worst -8.4
2022
-7.7
2018
-19.4
2020
-5.8
2015
-4.7
2022
-7.5
2022
0.1
2014
-6.3
2015
-12.9
2022
-5.7
2016
-2.1
2021
-8.0
2018
Monthly Seasonality over the period Feb 1928 - Feb 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.53
63%
-0.23
51%
0.82
67%
1.41
58%
-0.56
52%
1.28
61%
2.08
72%
0.84
54%
-0.74
44%
-0.36
49%
0.52
52%
2.11
71%
Best 14.1
1975
14.3
1931
10.5
2016
44.8
1933
14.9
1933
26.4
1938
38.8
1932
38.6
1932
16.9
1939
14.3
2011
13.2
1928
16.7
2008
Worst -17.5
2009
-23.9
1933
-28.6
1938
-20.0
1932
-23.1
1932
-13.6
1930
-14.0
1933
-9.2
1998
-21.1
1931
-31.7
2008
-22.7
2008
-8.0
2018
Monthly Seasonality over the period Feb 1928 - Feb 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Vanguard Real Estate (VNQ) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

VANGUARD REAL ESTATE (VNQ) ETF
Monthly Returns Distribution
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1928 - 29 February 2024 (~96 years)
217 Positive Months (60%) - 143 Negative Months (40%)
667 Positive Months (58%) - 487 Negative Months (42%)
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(Scroll down to see all data)
Investment Returns, up to December 2004, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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