Vanguard Global ex-U.S. Real Estate ETF (VNQI) Performance
VNQI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −6.8% since Dec 31, 2025
- 1 year
- −7.4% total return
- 5 years
- −2.2% a year
- 10 years
- +1.8% a year
- Since first price
- +2.9% a year since 2010
VNQI trailing returns vs SPY, QQQ, AGG
| Period | VNQI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.2% | −1.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.2% | −5.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −9.3% | −9.3% | +7.8% | +8.4% | −1.5% |
| YTD | −6.8% | −6.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −7.4% | −11.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +32.1%+9.7%/yr | +15.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −10.6%−2.2%/yr | −26.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +19.0%+1.8%/yr | −20.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +77.3%+3.9%/yr | −4.1% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionNov 1, 2010 | +58.5%+2.9%/yr | −15.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: VNQI vs SPY
From Nov 1, 2010: VNQI grew to $15,854, SPY to $84,911.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VNQI returns by calendar year
9 of 15 full years positive. Best 2012 (+43.1%), worst 2022 (−22.9%). 2026 is year to date.
VNQI annual returns table
| Year | VNQI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −6.8% | −17.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.4% | −8.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −2.2% | −14.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +7.0% | −18.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −22.9% | −32.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +5.9% | −9.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −7.2% | −38.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.6% | −7.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −9.4% | −18.2% | −4.6% | −0.1% | +0.1% |
| 2017 | +26.9% | −3.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +2.0% | −12.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −1.8% | −17.3% | +1.2% | +9.4% | +0.5% |
| 2014 | +2.2% | −10.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +2.3% | −18.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +43.1% | −10.4% | +16.0% | +18.1% | +3.8% |
| 2011 | −16.9% | −24.5% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
VNQI largest drawdowns
Now 15.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −38.3% | Mar 23, 2020 | Jun 2, 2021 | 2 months | 1.4 years |
| Jun 10, 2021 | −35.8% | Oct 24, 2022 | Feb 9, 2026 | 1.4 years | 4.7 years |
| May 2, 2011 | −24.5% | Oct 3, 2011 | Sep 12, 2012 | 5 months | 1.4 years |
| May 15, 2015 | −21.5% | Jan 21, 2016 | May 15, 2017 | 8 months | 2.0 years |
| May 3, 2013 | −18.5% | Jun 24, 2013 | Apr 6, 2015 | 52 days | 1.9 years |
| Jan 26, 2018 | −18.2% | Oct 24, 2018 | Nov 4, 2019 | 9 months | 1.8 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
VNQI risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +7.7% | −1.7% | +1.3% | +3.3% |
| Volatility (annualized) | 16.1% | 17.5% | 16.5% | 16.4% |
| Sharpe ratio | 0.27 | -0.22 | 0.02 | 0.19 |
| Sortino ratio | 0.40 | -0.30 | 0.03 | 0.27 |
| Best month | +9.4% | +13.2% | +13.2% | +13.2% |
| Worst month | −12.3% | −12.3% | −20.7% | −20.7% |
| Best 12 months | +31.7% | +31.7% | +31.7% | +43.1% |
| Worst 12 months | −6.7% | −31.4% | −31.4% | −31.4% |
| Positive months | 58% | 50% | 56% | 56% |
| Beta vs S&P 500 | 0.67 | 0.71 | 0.75 | — |
| Correlation with S&P 500 | 0.52 | 0.64 | 0.69 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
VNQI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 180 | −31.4% | +4.0% | +43.1% | 62% |
| 3-year (a year) | 156 | −11.1% | +4.1% | +15.1% | 70% |
| 5-year (a year) | 132 | −4.7% | +3.7% | +11.0% | 68% |
| 10-year (a year) | 72 | −0.5% | +2.1% | +7.6% | 99% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
VNQI performance overview
Vanguard Global ex-U.S. Real Estate ETF (VNQI) returned −7.4% over the past year and +1.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +2.9% a year, turning $10,000 into about $15,854. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.3%, from Jan 17, 2020 to Mar 23, 2020, and it took 1.2 years to get back to the old high. VNQI finished 9 of its 15 full calendar years with a gain; the best year was 2012 (+43.1%) and the worst 2022 (−22.9%). Volatility has been 16.4% a year.
Related: VNQI chart, VNQI holdings, VNQI dividends. See the VNQI overview for the latest quote and fund facts.
VNQI performance FAQ
What is the VNQI return over the past year?
VNQI returned −7.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 11.6%.
What is the average annual return of VNQI?
VNQI has returned −2.2% a year over 5 years, +1.8% a year over 10 years, +2.9% a year since November 1, 2010 (total return, distributions reinvested).
How much would $10,000 invested in VNQI be worth?
$10,000 invested in VNQI at its first recorded close on November 1, 2010 would be worth about $15,854 on October 23, 2026 with distributions reinvested.
What was the worst year for VNQI?
The worst calendar year was 2022, with a total return of −22.9%. The best was 2012 at +43.1%.
What is the biggest drawdown of VNQI?
The largest peak-to-trough decline was −38.3% between January 17, 2020 and March 23, 2020. It recovered to the old high on June 2, 2021, 1.2 years after the bottom.
How volatile is VNQI?
Over the past 3 years VNQI had an annualized volatility of 16.1% and a Sharpe ratio of 0.27 (excess return over 1–3 month T-bills per unit of risk).