GQRE vs VOO
Northern Trust Global Quality Real Estate ETF vs Vanguard S&P 500 ETF
Which is better, GQRE or VOO?
Mid Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. GQRE is less concentrated, with 34.6% of the fund in its ten largest positions against 37.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GQRE | VOO |
|---|---|---|
| Expense Ratio | 0.45% | 0.03%Best |
| AUM | $449M | $1.0T |
| Dividend Yield | 4.34% | 1.04% |
| Holdings | 197 | 506 |
| YTD Return | +1.54% | +13.59%Best |
| 1Y Return | +1.30% | +16.33%Best |
| 3Y Return (annualized) | +11.66% | +23.81%Best |
| 5Y Return (annualized) | +0.92% | +14.02%Best |
| Volatility (annualized) | 15.6% | 14.5%Best |
| Max Drawdown | -42.0% | -34.3%Best |
| $10,000 over 5 years | $10,469 | $19,271Best |
| Top 10 Weight | 34.6%Best | 37.6% |
| Fund Family | Northern Trust Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Nov 5, 2013 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Nov 6, 2013 to Oct 2, 2026 (12.9 years).
GQRE vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.9 years both funds cover.
GQRE vs VOO Performance
Northern Trust Global Quality Real Estate ETF (GQRE) is an ETF from Northern Trust Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year GQRE returned +1.30% while VOO returned +16.33%. Year to date, GQRE is up 1.54% versus a gain of 13.59% for VOO.
Over three years, GQRE compounded at +11.66% per year against +23.81% for VOO; over five years the annualized figures are +0.92% and +14.02% respectively. Across the full 13-year window we track, VOO has the edge at +12.79% annualized vs +2.69%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GQRE has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 14.5% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -42.0% for GQRE and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GQRE charges 0.45% per year while VOO charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, GQRE currently yields 4.34% against 1.04% for VOO.
Holdings Overlap
39.1% of GQRE's money is in holdings VOO also owns. 1.4% of VOO's money is in holdings GQRE also owns.
The two portfolios partly overlap.
The two holdings books were reported 46 days apart, GQRE as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
17 positions in common, counted across the 139 positions we hold weights for in GQRE and 494 in VOO, against full books of 197 and 506.
What only one of them owns
Our book lists 470 positions for VOO that do not appear in our book for GQRE (97.7% of the fund), and 42 for GQRE that do not appear in VOO (25.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GQRE | Weight in VOO | Difference |
|---|---|---|---|
| PLDPrologis Inc | 7.03% | 0.21% | 6.82% |
| WELLWelltower, Inc. | 5.16% | 0.26% | 4.90% |
| EQIXEquinix Inc. Real Estate Investment Trust | 4.25% | 0.16% | 4.09% |
| SPGSimon Property Group Inc | 3.60% | 0.12% | 3.48% |
| VICIVici Properties Inc | 3.49% | 0.04% | 3.45% |
| EQRVivmark Residential | 2.83% | 0.04% | 2.79% |
| KIMKimco Realty Corp. | 1.98% | 0.03% | 1.95% |
| HSTHost Hotels & Resorts Inc | 1.94% | 0.02% | 1.92% |
| DOCHealthpeak Properties Inc | 1.78% | 0.02% | 1.76% |
| AMTAmerican Tower Corporation | 1.53% | 0.13% | 1.40% |
39.1% of GQRE is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, GQRE or VOO?
GQRE has an expense ratio of 0.45% while VOO charges 0.03%. VOO is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, GQRE or VOO?
Over the past year GQRE returned +1.30% vs +16.33% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (13 years), GQRE annualized +2.69% vs +12.79% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GQRE or VOO?
GQRE has been the more volatile fund at 15.6% annualized versus 14.5% for VOO. Worst drawdown: GQRE -42.0% vs VOO -34.3%.
Should I hold both GQRE and VOO?
GQRE and VOO have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GQRE and VOO?
39.1% of GQRE's money is in holdings VOO also owns. 1.4% of VOO's is in holdings GQRE also owns. They hold 17 positions in common, counted across the 139 positions we hold weights for in GQRE and 494 in VOO.
Which pays a higher dividend, GQRE or VOO?
GQRE yields 4.34% while VOO yields 1.04%, so GQRE currently pays the higher dividend yield.
Is VOO better than GQRE?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. GQRE is less concentrated, with 34.6% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.