Vanguard Real Estate (VNQ): Historical Returns

Data Source: from January 1928 to September 2023 (~96 years)
Consolidated Returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Category: Stocks
ETF: Vanguard Real Estate (VNQ)
ETF • LIVE PERFORMANCE (USD currency)
1.84%
1 Day
Oct 02 2023, 04:00PM Eastern Time
1.84%
Current Month
October 2023

In the last 30 Years, the Vanguard Real Estate (VNQ) ETF obtained a 7.79% compound annual return, with a 19.28% standard deviation.

Table of contents

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

Investment Returns as of Sep 30, 2023

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.
VANGUARD REAL ESTATE (VNQ) ETF
Consolidated returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Sep 30, 2023
  1 Day Time ET(*) Oct 2023 1M 6M 1Y 5Y 10Y 30Y MAX
(~96Y)
Vanguard Real Estate (VNQ) ETF -1.84 -1.84 -7.27 -6.98 -1.33 2.40 5.49 7.79 6.87
US Inflation Adjusted return -7.27 -8.55 -4.61 -1.53 2.67 5.13 3.71
Returns over 1 year are annualized | Available data source: since Jan 1928
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Aug 2023. Waiting for updates, inflation of Sep 2023 is set to 0%. Current inflation (annualized) is 1Y: 3.44% , 5Y: 3.99% , 10Y: 2.75% , 30Y: 2.53%

In 2022, the Vanguard Real Estate (VNQ) ETF granted a 2.82% 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 Sep 30, 2023

An investment of 1$, since October 1993, now would be worth 9.49$, with a total return of 849.49% (7.79% annualized).

The Inflation Adjusted Capital now would be 4.49$, with a net total return of 348.73% (5.13% annualized).
An investment of 1$, since January 1928, now would be worth 579.91$, with a total return of 57891.25% (6.87% annualized).

The Inflation Adjusted Capital now would be 32.68$, with a net total return of 3167.63% (3.71% annualized).

Investment Metrics as of Sep 30, 2023

Metrics of Vanguard Real Estate (VNQ) ETF, updated as of 30 September 2023.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
VANGUARD REAL ESTATE (VNQ) ETF
Advanced Metrics
Data Source: 1 January 1928 - 30 September 2023 (~96 years)
Swipe left to see all data
Metrics as of Sep 30, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~96Y)
Investment Return (%) -7.27 -8.58 -6.98 -1.33 2.31 2.40 5.49 7.54 7.79 6.87
Infl. Adjusted Return (%) details -7.27 -9.15 -8.55 -4.61 -3.17 -1.53 2.67 4.85 5.13 3.71
US Inflation (%) 0.00 0.63 1.72 3.44 5.66 3.99 2.75 2.56 2.53 3.05
Waiting for updates, inflation of Sep 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -14.35 -30.25 -30.25 -30.25 -68.30 -68.30 -68.30
Start to Recovery (# months) details 8* 21* 21* 21* 65 65 65
Start (yyyy mm) 2023 02 2022 01 2022 01 2022 01 2007 02 2007 02 2007 02
Start to Bottom (# months) 8 21 21 21 25 25 25
Bottom (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2009 02 2009 02 2009 02
Bottom to End (# months) 0 0 0 0 40 40 40
End (yyyy mm) - - - - 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 02 2022 01 2022 01 2016 08 2007 02 2007 02 1929 09
Start to Bottom (# months) 8 21 21 19 25 25 34
Bottom (yyyy mm) 2023 09 2023 09 2023 09 2018 02 2009 02 2009 02 1932 06
Bottom to End (# months) 0 0 0 11 40 40 165
End (yyyy mm) - - - 2019 01 2012 06 2012 06 1946 03
Longest negative period (# months) details 12* 33* 50* 51 70 92 233
Period Start (yyyy mm) 2022 10 2021 01 2019 08 2016 08 2007 02 2001 07 1955 08
Period End (yyyy mm) 2023 09 2023 09 2023 09 2020 10 2012 11 2009 02 1974 12
Annualized Return (%) -1.33 -0.73 -0.16 -0.31 -0.09 -0.25 -0.04
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -16.54 -36.66 -36.66 -36.66 -69.76 -69.76 -69.76
Start to Recovery (# months) details 8* 21* 21* 21* 75 75 75
Start (yyyy mm) 2023 02 2022 01 2022 01 2022 01 2007 02 2007 02 2007 02
Start to Bottom (# months) 8 21 21 21 25 25 25
Bottom (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2009 02 2009 02 2009 02
Bottom to End (# months) 0 0 0 0 50 50 50
End (yyyy mm) - - - - 2013 04 2013 04 2013 04
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest
-17.73
same as
deepest

same as
deepest
-49.90
Start to Recovery (# months) details 32 260
Start (yyyy mm) 2023 02 2022 01 2022 01 2016 08 2007 02 2007 02 1957 08
Start to Bottom (# months) 8 21 21 19 25 25 209
Bottom (yyyy mm) 2023 09 2023 09 2023 09 2018 02 2009 02 2009 02 1974 12
Bottom to End (# months) 0 0 0 13 50 50 51
End (yyyy mm) - - - 2019 03 2013 04 2013 04 1979 03
Longest negative period (# months) details 12* 36* 60* 104* 104* 146 576
Period Start (yyyy mm) 2022 10 2020 10 2018 10 2015 02 2015 02 1997 01 1928 01
Period End (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2009 02 1975 12
Annualized Return (%) -4.61 -3.17 -1.53 -0.70 -0.70 -0.23 -0.07
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 18.40 20.41 20.31 17.26 21.98 19.28 19.61
Sharpe Ratio -0.31 0.03 0.04 0.26 0.29 0.29 0.15
Sortino Ratio -0.48 0.05 0.05 0.35 0.37 0.38 0.21
Ulcer Index 6.97 16.27 14.18 11.02 17.96 15.76 18.57
Ratio: Return / Standard Deviation -0.07 0.11 0.12 0.32 0.34 0.40 0.35
Ratio: Return / Deepest Drawdown -0.09 0.08 0.08 0.18 0.11 0.11 0.10
% Positive Months details 50% 55% 61% 60% 60% 59% 57%
Positive Months 6 20 37 72 145 215 664
Negative Months 6 16 23 48 95 145 485
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 5.49 18.35 18.35 23.58
Worst 10 Years Return (%) - Annualized 4.33 3.15 -5.70
Best 10 Years Return (%) - Annualized 2.67 16.26 16.26 16.26
Worst 10 Years Return (%) - Annualized 2.36 0.55 -5.46
ROLLING PERIOD RETURNS
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 7.79
Worst Rolling Return (%) - Annualized -58.17 -25.03 -8.74 3.15 7.54
% Positive Periods 73% 88% 95% 100% 100% 100%
Best Rolling Return (%) - Annualized 105.78 39.92 26.95 16.26 9.37 5.13
Worst Rolling Return (%) - Annualized -58.01 -26.58 -11.02 0.55 4.85
% Positive Periods 67% 80% 88% 100% 100% 100%
Over all the available data source (Jan 1928 - Sep 2023)
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 71% 82% 88% 94% 100% 100%
Best Rolling Return (%) - Annualized 129.50 39.92 26.95 16.26 10.15 10.56
Worst Rolling Return (%) - Annualized -58.01 -26.58 -11.02 -5.46 -3.05 -0.89
% Positive Periods 62% 69% 73% 81% 92% 96%
WITHDRAWAL RATES (WR)
1Y 3Y 5Y 10Y 20Y 30Y MAX
Safe WR (%) 38.19 22.22 13.93 9.44 6.66 2.11
Perpetual WR (%) 0.00 0.00 2.60 4.63 4.88 3.58
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 original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
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Correlations as of Sep 30, 2023

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 30 September 2023
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
0.73
0.63
0.62
SPY
US Large Cap
0.87
0.86
0.73
0.60
0.60
IJR
US Small Cap
0.84
0.80
0.68
0.65
0.64
QQQ
US Technology
0.66
0.74
0.61
0.38
0.38
PFF
Preferred Stocks
0.81
0.82
0.75
0.52
0.51
EFA
EAFE Stocks
0.89
0.81
0.65
0.60
0.58
VT
World All Countries
0.94
0.86
0.72
0.62
0.62
EEM
Emerging Markets
0.79
0.67
0.52
0.51
0.51
VGK
Europe
0.88
0.81
0.65
0.60
0.59
VPL
Pacific
0.86
0.76
0.62
0.50
0.48
FLLA
Latin America
0.82
0.63
0.43
0.45
0.45
BND
US Total Bond Market
0.70
0.52
0.54
0.30
0.30
TLT
Long Term Treasuries
0.69
0.23
0.35
0.08
0.08
BIL
US Cash
-0.38
-0.20
-0.17
-0.02
-0.02
TIP
TIPS
0.69
0.64
0.62
0.32
0.33
LQD
Invest. Grade Bonds
0.77
0.67
0.67
0.43
0.43
HYG
High Yield Bonds
0.89
0.79
0.67
0.68
0.68
CWB
US Convertible Bonds
0.89
0.74
0.65
0.60
0.60
BNDX
International Bonds
0.68
0.55
0.55
0.28
0.28
EMB
Emerg. Market Bonds
0.78
0.76
0.68
0.51
0.51
GLD
Gold
0.50
0.27
0.22
0.14
0.13
DBC
Commodities
0.51
0.49
0.28
0.27
0.27

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 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1928 - 30 September 2023 (~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
-30.25% Jan 2022 Sep 2023 21 in progress 21 21.06
-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
-21.37% Oct 1993 Nov 1994 14 Jun 1996 19 33 11.33
-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
-69.76% Feb 2007 Feb 2009 25 Apr 2013 50 75 32.05
-36.66% Jan 2022 Sep 2023 21 in progress 21 25.90
-25.33% Jan 1998 Nov 1999 23 Jun 2001 19 42 15.16
-25.12% Feb 2020 Mar 2020 2 Apr 2021 13 15 12.50
-23.78% Oct 1993 Nov 1994 14 Oct 1996 23 37 13.48
-17.73% Aug 2016 Feb 2018 19 Mar 2019 13 32 8.97
-14.83% Apr 2004 Apr 2004 1 Aug 2004 4 5 8.15
-14.76% Feb 2015 Aug 2015 7 Jun 2016 10 17 7.95
-13.99% May 2013 Aug 2013 4 May 2014 9 13 7.95
-13.69% Jul 2002 Oct 2002 4 Jun 2003 8 12 8.26
-8.75% Jan 2005 Jan 2005 1 Jun 2005 5 6 5.48
-7.38% Aug 2005 Oct 2005 3 Jan 2006 3 6 3.92
-7.26% Apr 2006 May 2006 2 Jul 2006 2 4 3.97
-7.22% Sep 2001 Oct 2001 2 Dec 2001 2 4 3.84
-6.11% Sep 2014 Sep 2014 1 Oct 2014 1 2 3.53
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
-30.25% Jan 2022 Sep 2023 21 in progress 21 21.06
-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
-69.76% Feb 2007 Feb 2009 25 Apr 2013 50 75 32.05
-55.55% Sep 1929 May 1932 33 Jun 1933 13 46 25.18
-49.90% Aug 1957 Dec 1974 209 Mar 1979 51 260 19.22
-46.98% Jul 1933 Apr 1942 106 May 1946 49 155 28.60
-36.66% Jan 2022 Sep 2023 21 in progress 21 25.90
-28.95% Sep 1989 Oct 1990 14 Jan 1992 15 29 12.87
-25.33% Jan 1998 Nov 1999 23 Jun 2001 19 42 15.16
-25.12% Feb 2020 Mar 2020 2 Apr 2021 13 15 12.50
-23.78% Oct 1993 Nov 1994 14 Oct 1996 23 37 13.48
-19.80% Mar 1987 Oct 1987 8 Jul 1989 21 29 7.79
-19.22% Jun 1948 Jun 1949 13 Oct 1953 52 65 9.09
-19.00% Sep 1979 Apr 1980 8 Oct 1980 6 14 10.31
-18.92% Jun 1946 Nov 1946 6 May 1948 18 24 10.98
-17.73% Aug 2016 Feb 2018 19 Mar 2019 13 32 8.97
-14.91% Nov 1980 Jul 1982 21 Oct 1982 3 24 8.35

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 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1928 - 30 September 2023 (~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$ -8.57 0.91$ 11.96 1.11$ 30.57 1.30$ 110.54 04/2009
03/2010
2.10$ -1.33 26.07%
2Y -42.93 03/2007
02/2009
0.32$ -1.61 0.96$ 10.91 1.22$ 23.04 1.51$ 65.96 03/2009
02/2011
2.75$ -10.42 17.51%
3Y -25.03 04/2006
03/2009
0.42$ 1.58 1.04$ 10.60 1.35$ 19.96 1.72$ 43.49 04/2009
03/2012
2.95$ 2.31 11.69%
5Y -8.74 04/2004
03/2009
0.63$ 3.24 1.17$ 8.34 1.49$ 18.55 2.34$ 29.54 03/2009
02/2014
3.64$ 2.40 4.98%
7Y -1.16 04/2002
03/2009
0.92$ 5.58 1.46$ 9.09 1.83$ 15.17 2.68$ 24.21 04/2009
03/2016
4.56$ 2.06 0.72%
10Y 3.15 03/1999
02/2009
1.36$ 6.69 1.91$ 10.05 2.60$ 13.57 3.57$ 18.35 04/2009
03/2019
5.39$ 5.49 0.00%
15Y 3.84 03/1994
02/2009
1.75$ 6.51 2.57$ 9.52 3.91$ 11.06 4.82$ 13.04 02/2000
01/2015
6.29$ 5.75 0.00%
20Y 7.54 10/2003
09/2023
4.27$ 9.04 5.64$ 9.94 6.64$ 10.94 7.97$ 11.81 02/1995
01/2015
9.32$ 7.54 0.00%
30Y 7.79 10/1993
09/2023
9.49$ 7.79 9.49$ 7.79 9.49$ 7.79 9.49$ 7.79 10/1993
09/2023
9.49$ 7.79 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 -58.01 04/2008
03/2009
0.41$ -11.67 0.88$ 10.04 1.10$ 26.64 1.26$ 105.78 04/2009
03/2010
2.05$ -4.61 32.38%
2Y -44.11 03/2007
02/2009
0.31$ -4.12 0.91$ 8.49 1.17$ 19.99 1.43$ 62.50 03/2009
02/2011
2.64$ -15.33 22.55%
3Y -26.58 04/2006
03/2009
0.39$ -1.49 0.95$ 8.23 1.26$ 17.21 1.61$ 39.92 04/2009
03/2012
2.73$ -3.17 19.38%
5Y -11.02 04/2004
03/2009
0.55$ 0.65 1.03$ 6.27 1.35$ 15.69 2.07$ 26.95 03/2009
02/2014
3.29$ -1.53 11.63%
7Y -3.59 04/2002
03/2009
0.77$ 3.07 1.23$ 6.96 1.60$ 12.22 2.24$ 22.22 04/2009
03/2016
4.07$ -1.39 3.97%
10Y 0.55 03/1999
02/2009
1.05$ 4.62 1.57$ 7.45 2.05$ 11.28 2.91$ 16.26 04/2009
03/2019
4.51$ 2.67 0.00%
15Y 1.31 03/1994
02/2009
1.21$ 4.37 1.89$ 6.96 2.74$ 8.65 3.46$ 10.62 02/2000
01/2015
4.54$ 3.39 0.00%
20Y 4.85 10/2003
09/2023
2.57$ 6.63 3.61$ 7.60 4.32$ 8.61 5.21$ 9.37 02/1995
01/2015
5.99$ 4.85 0.00%
30Y 5.13 10/1993
09/2023
4.48$ 5.13 4.48$ 5.13 4.48$ 5.13 4.48$ 5.13 10/1993
09/2023
4.48$ 5.13 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 -58.17 04/2008
03/2009
0.41$ -7.37 0.92$ 7.79 1.07$ 25.56 1.25$ 114.31 07/1932
06/1933
2.14$ -1.33 29.00%
2Y -42.93 03/2007
02/2009
0.32$ -2.27 0.95$ 6.45 1.13$ 21.42 1.47$ 65.96 03/2009
02/2011
2.75$ -10.42 21.85%
3Y -25.90 07/1929
06/1932
0.40$ -0.81 0.97$ 6.05 1.19$ 18.93 1.68$ 43.49 04/2009
03/2012
2.95$ 2.31 17.86%
5Y -12.64 04/1930
03/1935
0.50$ 0.82 1.04$ 6.01 1.33$ 16.93 2.18$ 29.54 03/2009
02/2014
3.64$ 2.40 11.01%
7Y -7.36 04/1931
03/1938
0.58$ 1.29 1.09$ 7.40 1.64$ 14.82 2.63$ 24.21 04/2009
03/2016
4.56$ 2.06 7.88%
10Y -5.70 09/1929
08/1939
0.55$ 1.83 1.19$ 8.05 2.16$ 13.37 3.50$ 23.58 11/1975
10/1985
8.30$ 5.49 5.44%
15Y -1.75 09/1929
08/1944
0.76$ 2.31 1.40$ 8.05 3.19$ 13.46 6.64$ 19.18 09/1974
08/1989
13.90$ 5.75 1.86%
20Y 0.23 01/1955
12/1974
1.04$ 3.10 1.84$ 8.99 5.59$ 12.58 10.69$ 16.14 09/1974
08/1994
19.93$ 7.54 0.00%
30Y 2.11 10/1929
09/1959
1.86$ 3.84 3.09$ 9.05 13.45$ 11.61 27.00$ 15.45 01/1975
12/2004
74.53$ 7.79 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 -58.01 04/2008
03/2009
0.41$ -9.29 0.90$ 4.31 1.04$ 21.26 1.21$ 129.50 07/1932
06/1933
2.29$ -4.61 37.52%
2Y -44.11 03/2007
02/2009
0.31$ -4.19 0.91$ 3.19 1.06$ 16.23 1.35$ 62.50 03/2009
02/2011
2.64$ -15.33 33.39%
3Y -26.58 04/2006
03/2009
0.39$ -3.33 0.90$ 3.17 1.09$ 13.35 1.45$ 39.92 04/2009
03/2012
2.73$ -3.17 30.88%
5Y -11.02 04/2004
03/2009
0.55$ -1.39 0.93$ 2.89 1.15$ 11.26 1.70$ 26.95 03/2009
02/2014
3.29$ -1.53 26.70%
7Y -7.33 09/1967
08/1974
0.58$ -0.55 0.96$ 3.43 1.26$ 10.08 1.95$ 22.22 04/2009
03/2016
4.07$ -1.39 22.05%
10Y -5.46 01/1965
12/1974
0.57$ -0.34 0.96$ 3.65 1.43$ 9.26 2.42$ 16.26 04/2009
03/2019
4.51$ 2.67 18.83%
15Y -3.71 01/1960
12/1974
0.56$ 0.18 1.02$ 3.84 1.75$ 8.71 3.50$ 12.29 01/1975
12/1989
5.68$ 3.39 13.20%
20Y -3.05 01/1955
12/1974
0.53$ 0.55 1.11$ 4.51 2.41$ 8.19 4.82$ 10.15 01/1975
12/1994
6.91$ 4.85 7.69%
30Y -0.89 06/1946
05/1976
0.76$ 0.96 1.33$ 4.01 3.24$ 7.64 9.11$ 10.56 01/1975
12/2004
20.32$ 5.13 3.29%
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
3.02
80%
-2.45
40%
-1.19
60%
2.58
60%
-1.19
60%
0.95
80%
4.08
100%
-0.61
60%
-5.31
20%
1.17
60%
3.42
60%
0.04
60%
Best 11.9
2019
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
9.7
2020
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
-3.0
2020
-2.1
2021
-8.0
2018
Monthly Seasonality over the period Feb 1928 - Sep 2023
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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
1.83
60%
-1.54
40%
0.82
70%
0.90
60%
0.13
60%
1.46
80%
3.24
100%
-0.77
50%
-3.41
20%
1.92
60%
1.42
50%
0.87
70%
Best 11.9
2019
5.1
2014
10.5
2016
9.0
2020
3.7
2018
6.9
2016
8.6
2022
3.7
2019
3.1
2015
9.9
2014
9.7
2020
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
-5.3
2013
-8.0
2018
Monthly Seasonality over the period Feb 1928 - Sep 2023
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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
1.60
63%
-0.25
50%
0.82
67%
1.41
58%
-0.56
52%
1.28
61%
2.08
72%
0.84
54%
-0.74
44%
-0.32
49%
0.40
52%
2.03
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 - Sep 2023

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 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1928 - 30 September 2023 (~96 years)
215 Positive Months (60%) - 145 Negative Months (40%)
664 Positive Months (58%) - 485 Negative Months (42%)
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(Scroll down to see all data)
Investment Returns, up to December 2004, are simulated.
They have been derived using the historical series of equivalent ETFs / Assets.

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