VNQI vs VOO
Vanguard Global ex-US Real Estate ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VNQI offers more diversification with 747 holdings.
Side-by-Side Comparison
| Metric | VNQI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.03% | |
| AUM | $3.9B | $997.4B | |
| Dividend Yield | 4.62% | 1.08% | |
| Holdings | 747 | 509 | |
| YTD Return | -0.67% | +12.68% | |
| 1Y Return | +1.55% | +21.87% | |
| 3Y Return (annualized) | +9.87% | +22.06% | |
| 5Y Return (annualized) | -0.99% | +12.95% | |
| Volatility (annualized) | 16.3% | 14.1% | |
| Max Drawdown | -38.4% | -34.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2010 | Sep 7, 2010 |
VNQI vs VOO Performance
Vanguard Global ex-US Real Estate ETF (VNQI) is a ETF from Vanguard (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year VNQI returned +1.55% while VOO returned +21.87%. Year to date, VNQI is down 0.67% versus a gain of 12.68% for VOO.
Over three years, VNQI compounded at +9.87% per year against +22.06% for VOO; over five years the annualized figures are -0.99% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% annualized vs +3.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VNQI has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 14.1% 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 -38.4% for VNQI and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VNQI charges 0.12% per year while VOO charges 0.03%. On a $10,000 position that is $12 vs $3 annually, a gap of $9 per year that compounds over a long holding period. On income, VNQI currently yields 4.62% against 1.08% for VOO.
Holdings Overlap
VNQI and VOO share 1 holdings out of 1210 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in VNQI | Weight in VOO | Difference |
|---|---|---|---|
| VEA | 1.49% | 0.01% | 1.48% |
Frequently Asked Questions
Which is cheaper, VNQI or VOO?
VNQI has an expense ratio of 0.12% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, VNQI or VOO?
Over the past year VNQI returned +1.55% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VNQI annualized +3.36% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, VNQI or VOO?
VNQI has been the more volatile fund at 16.3% annualized versus 14.1% for VOO. Worst drawdown: VNQI -38.4% vs VOO -34.3%.
Should I hold both VNQI and VOO?
VNQI and VOO have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VNQI and VOO?
VNQI and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1210 unique securities.
Which pays a higher dividend, VNQI or VOO?
VNQI yields 4.62% while VOO yields 1.08%, so VNQI currently pays the higher dividend yield.
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