VNQI
Vanguard Global ex-U.S. Real Estate ETF
Vanguard Global ex-U.S. Real Estate ETF seeks to track the S&P Global ex-US Property Index, which includes real estate companies in both developed and emerging markets.
Global
EQUITY
Passive
MANAGEMENT STYLE
$ 3.1 B
ASSETS UNDER MGMT
12 bp
EXPENSES
Fund Basics
| Inception date | Nov 01, 2010 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GOODMAN GROUP | 3.7 % |
| MITSUBISHI ESTATE CO LTD | 2.9 % |
| MITSUI FUDOSAN CO LTD | 2.7 % |
| SUN HUNG KAI PROPERTIES | 2.0 % |
| SUMITOMO REALTY & DEVELOPMNT | 2.0 % |
| EMAAR PROPERTIES PJSC | 1.9 % |
| DAIWA HOUSE INDUSTRY CO LTD | 1.8 % |
| JIAYUAN INTERNATIONAL GROUP LTD. | 1.7 % |
| SEGRO PLC | 1.5 % |
| DEUTSCHE ANNINGTON IMMOBILIE | 1.4 % |
Constituent Breakdown
| Number of holdings | 733 |
| Herfindahl-Hirschman Index | 83 |
| Wgt avg mkt cap (mns) | $9,305 |
| Large cap (>$10bn) | 31.7% |
| Mid cap ($2-10bn) | 39.5% |
| Small cap (<$2bn) | 15.4% |
| Developed mkts. | 71.0% |
| Emerging mkts. | 18.0% |
Sector Breakdown
Country Exposure
 |
JAPAN | 20.8 % |
 |
AUSTRALIA | 10.2 % |
 |
HONG KONG | 9.7 % |
 |
BRITAIN | 6.1 % |
 |
SINGAPORE | 5.7 % |
 |
CHINA | 3.4 % |
 |
UAE | 3.0 % |
 |
ISRAEL | 2.9 % |
 |
SWITZERLAND | 2.7 % |
 |
SWEDEN | 2.4 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -7.2% | -10.9% | -4.8% | 3.0% | -5.5% | -2.7% | -- | -1.0% |
| Dividend Yield | 0.0% | 4.2% | 4.8% | 4.8% | 3.8% | 4.0% | -- | 4.0% |
| Total Returns | -7.2% | -6.7% | 0.0% | 7.7% | -1.7% | 1.3% | -- | 2.9% | Ann. Volatility | 15.3% | 13.9% | 13.9% | 14.5% | 15.5% | 15.9% | -- | 16.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.65 | 37% |
| MSCI EAFE | 0.74 | 71% |
| MSCI Emg Mkts | 0.34 | 39% |
Liquidity Measures
| Avg. volume (000) | 358 |
| ADV traded (mns) | $15 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $42.85 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.27/-0.44 |
| Bollinger Bands (Upper/Lower) | $42.98/$41.58 |
| Short interest (% of AUM) | 1.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VNQI |
Expenses vs. VNQI |
ALTAR Score™ vs. VNQI |
|---|---|---|---|---|
| HAUZ | DBX ETF Trust - Xtrackers International Real Estate ETF | 72.8% | -2 bp | -0.5% |
| IFGL | iShares International Developed Real Estate ETF | 60.6% | +38 bp | -1.2% |
| RWX | SPDR Dow Jones International Real Estate ETF | 41.8% | +47 bp | -1.5% |
| ERET | iShares Environmentally Aware Real Estate ETF | 33.1% | +18 bp | -1.3% |
| VGSR | Vert Global Sustainable Real Estate ETF | 28.8% | +39 bp | -0.7% |
| RWO | SPDR Dow Jones Global Real Estate ETF | 25.5% | +38 bp | -1.8% |
| AVRE | Avantis Real Estate ETF | 24.8% | +5 bp | -1.2% |
| REET | iShares Global REIT ETF | 24.2% | +2 bp | -1.1% |
| DFGR | Dimensional Global Real Estate ETF | 23.4% | +10 bp | -1.0% |
| GQRE | FlexShares Global Quality Real Estate Index Fund | 19.7% | +34 bp | -0.9% |
Risk and Returns: VNQI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/29/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.9%
ALTAR SCORE™
95th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 755 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. VNQI's ALTAR Score™ is approximately 1.6 standard
deviations above the category average. This places VNQI in the 95th percentile
among funds in the category.
Sell-Side Consensus
$56.02
PRICE TARGET
+32.3%
UPSIDE