VNQ vs VV
Vanguard Real Estate ETF vs Vanguard Morningstar Large-Cap ETF
Which is better, VNQ or VV?
Mid Cap Blend against Large Cap Blend.
VV has a lower expense ratio. VV led over 1Y, 3Y, 5Y and the full window. VV is less concentrated, with 38.0% of the fund in its ten largest positions against 49.8%.
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 | VNQ | VV |
|---|---|---|
| Expense Ratio | 0.13% | 0.03%Best |
| AUM | $39.3B | $52.6B |
| Dividend Yield | 3.49% | 0.99% |
| Holdings | 144 | 437 |
| YTD Return | +4.80% | +13.85%Best |
| 1Y Return | +3.87% | +18.31%Best |
| 3Y Return (annualized) | +10.50% | +23.73%Best |
| 5Y Return (annualized) | +1.17% | +12.95%Best |
| Volatility (annualized) | 21.4% | 15.0%Best |
| Max Drawdown | -75.8% | -56.0%Best |
| $10,000 over 5 years | $10,599 | $18,384Best |
| Top 10 Weight | 49.8% | 38.0%Best |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Sep 23, 2004 | Jan 27, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2004 to Sep 25, 2026 (22 years).
VNQ vs VV 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 22 years both funds cover.
VNQ vs VV Performance
Vanguard Real Estate ETF (VNQ) is an ETF from Vanguard (US) and Vanguard Morningstar Large-Cap ETF (VV) is an ETF from Vanguard (US). Over the past year VNQ returned +3.87% while VV returned +18.31%. Year to date, VNQ is up 4.80% versus a gain of 13.85% for VV.
Over three years, VNQ compounded at +10.50% per year against +23.73% for VV; over five years the annualized figures are +1.17% and +12.95% respectively. Across the full 22-year window we track, VV has the edge at +9.87% annualized vs +3.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VNQ has been the more volatile fund, with annualized monthly volatility of 21.4% compared with 15.0% for VV. 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 -75.8% for VNQ and -56.0% for VV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VNQ charges 0.13% per year while VV charges 0.03%. On a $10,000 position that is $13 vs $3 annually, a gap of $10 per year that compounds over a long holding period. On income, VNQ currently yields 3.49% against 0.99% for VV.
Holdings Overlap
62.6% of VNQ's money is in holdings VV also owns. 1.6% of VV's money is in holdings VNQ also owns.
The two portfolios partly overlap.
19 positions in common, counted across the 139 positions we hold weights for in VNQ and 431 in VV, against full books of 144 and 437.
What only one of them owns
Measured across the 139 and 431 positions we hold weights for.
VV holds 401 positions VNQ does not, 97.6% of the fund.
Largest: NVDA 7.31%, AAPL 7.18%, MSFT 5.47%, AMZN 4.16%, GOOGL 3.31%
Top Shared Holdings
| Stock | Weight in VNQ | Weight in VV | Difference |
|---|---|---|---|
| WELLWelltower, Inc. | 9.92% | 0.26% | 9.66% |
| PLDPrologis Inc | 8.17% | 0.21% | 7.96% |
| EQIXEquinix Inc. Real Estate Investment Trust | 6.10% | 0.16% | 5.94% |
| AMTAmerican Tower Corporation | 4.90% | 0.13% | 4.77% |
| SPGSimon Property Group Inc | 4.52% | 0.11% | 4.41% |
| DLRDigital Realty Trust Inc. | 3.93% | 0.10% | 3.83% |
| ORealty Income Corp. | 3.58% | 0.09% | 3.49% |
| PSAPublic Storage | 3.30% | 0.09% | 3.21% |
| VTRVentas Inc . | 2.70% | 0.07% | 2.63% |
| CBRECbre Services Inc | 2.63% | 0.07% | 2.56% |
62.6% of VNQ is already inside VV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VNQ or VV?
VNQ has an expense ratio of 0.13% while VV charges 0.03%. VV is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, VNQ or VV?
Over the past year VNQ returned +3.87% vs +18.31% for VV, so VV leads on 1-year performance. Over the longest common window we track (22 years), VNQ annualized +3.74% vs +9.87% for VV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VNQ or VV?
VNQ has been the more volatile fund at 21.4% annualized versus 15.0% for VV. Worst drawdown: VNQ -75.8% vs VV -56.0%.
Should I hold both VNQ and VV?
VNQ and VV have a monthly-return correlation of 0.74, 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 VNQ and VV?
62.6% of VNQ's money is in holdings VV also owns. 1.6% of VV's is in holdings VNQ also owns. They hold 19 positions in common, counted across the 139 positions we hold weights for in VNQ and 431 in VV.
Which pays a higher dividend, VNQ or VV?
VNQ yields 3.49% while VV yields 0.99%, so VNQ currently pays the higher dividend yield.
Is VV better than VNQ?
VV has a lower expense ratio. VV led over 1Y, 3Y, 5Y and the full window. VV is less concentrated, with 38.0% of the fund in its ten largest positions against 49.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.