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
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%
Live update: World Markets and Indexes
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$, with a net total return of 348.73% (5.13% annualized).
The Inflation Adjusted Capital now would be 4.49$, 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$, with a net total return of 3167.63% (3.71% annualized).
The Inflation Adjusted Capital now would be 32.68$, with a net total return of 3167.63% (3.71% annualized).
Readings that may interest you
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 | ||||
- 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.
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)
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 |
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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)
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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$ | -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 | ||||||||||||||
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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$ | -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 | ||||||||||||||
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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$ | -7.37 | 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.
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.
They have been derived using the historical series of equivalent ETFs / Assets.
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