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
$ 3.3 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 | 4.2 % |
| MITSUBISHI ESTATE CO LTD | 3.0 % |
| SUN HUNG KAI PROPERTIES | 2.6 % |
| MITSUI FUDOSAN CO LTD | 2.5 % |
| SUMITOMO REALTY & DEVELOPMNT | 2.3 % |
| DEUTSCHE ANNINGTON IMMOBILIE | 2.0 % |
| EMAAR PROPERTIES PJSC | 1.9 % |
| DAIWA HOUSE INDUSTRY CO LTD | 1.6 % |
| LINK REIT | 1.3 % |
| UNIBAIL-RODAMCO-WESTFIELD STAPLED SECS C | 1.3 % |
Constituent Breakdown
| Number of holdings | 714 |
| Herfindahl-Hirschman Index | 89 |
| Wgt avg mkt cap (mns) | $10,816 |
| Large cap (>$10bn) | 36.2% |
| Mid cap ($2-10bn) | 36.9% |
| Small cap (<$2bn) | 14.8% |
| Developed mkts. | 73.9% |
| Emerging mkts. | 16.0% |
Sector Breakdown
Country Exposure
 |
JAPAN | 21.1 % |
 |
HONG KONG | 10.9 % |
 |
AUSTRALIA | 10.2 % |
 |
SINGAPORE | 5.4 % |
 |
BRITAIN | 5.4 % |
 |
ISRAEL | 3.1 % |
 |
UAE | 3.0 % |
 |
GERMANY | 3.0 % |
 |
SWITZERLAND | 2.9 % |
 |
SWEDEN | 2.5 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.0% | 10.1% | 7.8% | 3.8% | -3.7% | -1.4% | -- | -0.4% |
| Dividend Yield | 0.0% | 5.2% | 5.4% | 4.8% | 4.0% | 4.3% | -- | 4.1% |
| Total Returns | 3.0% | 15.3% | 13.2% | 8.6% | 0.3% | 2.8% | -- | 3.7% | Ann. Volatility | 18.0% | 13.0% | 14.3% | 14.7% | 15.5% | 16.0% | -- | 16.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 32% |
| MSCI EAFE | 0.75 | 71% |
| MSCI Emg Mkts | 0.48 | 47% |
Liquidity Measures
| Avg. volume (000) | 241 |
| ADV traded (mns) | $11 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $46.94 |
| Relative strength (RSI) | 46 |
| MACD/Signal | 0.07/0.20 |
| Bollinger Bands (Upper/Lower) | $48.18/$46.08 |
| 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 | 73.7% | -2 bp | -0.1% |
| IFGL | iShares International Developed Real Estate ETF | 62.6% | +36 bp | -1.1% |
| RWX | SPDR Dow Jones International Real Estate ETF | 39.7% | +47 bp | -0.8% |
| ERET | iShares Environmentally Aware Real Estate ETF | 36.5% | +18 bp | -1.2% |
| VGSR | Vert Global Sustainable Real Estate ETF | 28.9% | +35 bp | -0.7% |
| RWO | SPDR Dow Jones Global Real Estate ETF | 26.1% | +38 bp | -1.6% |
| AVRE | Avantis Real Estate ETF | 25.5% | +5 bp | -1.1% |
| REET | iShares Global REIT ETF | 25.4% | +2 bp | -0.9% |
| DFGR | Dimensional Global Real Estate ETF | 22.5% | +10 bp | -0.8% |
| GQRE | FlexShares Global Quality Real Estate Index Fund | 22.3% | +33 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 5/19/2026
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
8.5%
ALTAR SCORE™
94th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 685 funds in the Global Equity category with an average
ALTAR Score™ of 4.4% and a standard deviation
of 2.6%. VNQI's ALTAR Score™ is approximately 1.6 standard
deviations above the category average. This places VNQI in the 94th percentile
among funds in the category.
Sell-Side Consensus
$55.44
PRICE TARGET
+20.9%
UPSIDE