ETF Versus

VNQ vs VTI

Vanguard Real Estate Index Fund ETF Shares vs Vanguard Total Stock Market Index Fund ETF Shares

Last updated: 2026-04-02

VNQ Vanguard

Vanguard Real Estate Index Fund ETF Shares (VNQ) is an exchange-traded fund issued by Vanguard that provides exposure to U.S. real estate investment trusts (REITs) and real estate companies. It charges a low expense ratio of 0.13%. The fund offers an attractive dividend yield of 3.92%. Launched in 2004, the fund has a 22-year track record.

AUM: $33.6B ER: 0.13% Yield: 3.92% Since: Sep 23, 2004
VTI Vanguard

Vanguard Total Stock Market Index Fund ETF Shares (VTI) is an exchange-traded fund issued by Vanguard that provides exposure to the total U.S. stock market across all capitalizations. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.17%. Launched in 2001, the fund has a 25-year track record.

AUM: $546.0B ER: 0.03% Yield: 1.17% Since: May 24, 2001

Quick Verdict

VTI is significantly cheaper at 0.03% vs 0.13% expense ratio, saving you approximately $199 per $10,000 invested over 10 years. Over the past year, VTI has significantly outperformed with a 17.2% return vs -1.7%. Income investors may prefer VNQ for its higher yield (3.9% vs 1.2%).

Key Metrics

Metric VNQ VTI
Expense Ratio 0.13% 0.03%
Dividend Yield 3.9% 1.2%
Fund Family Vanguard Vanguard
Category US Real Estate US Total Market

Performance Chart

Indexed to 100 at start (5-year comparison)

75 93 111 129 147 165 2021-04 2022-06 2023-09 2024-12 2026-04
VNQ -5.2%
VTI +52.7%

Performance Comparison

Period VNQ VTI Difference
1 Month -7.20% -4.68% -2.52%
3 Months +0.56% -3.89% +4.45%
6 Months -2.63% -2.04% -0.59%
YTD +0.56% -3.89% +4.45%
1 Year -1.72% +17.21% -18.93%
3 Years +8.06% +57.96% -49.90%
5 Years -5.19% +52.67% -57.86%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period VNQ Fees VTI Fees You Save
$10.000 10 years $258 $60 $199
$10.000 20 years $1.109 $258 $851
$10.000 30 years $3.571 $835 $2.736
$50.000 10 years $1.292 $299 $993
$50.000 30 years $17.855 $4.176 $13.679
$100.000 30 years $35.710 $8.352 $27.358

Risk Metrics

Based on 5 years of daily returns

Metric VNQ VTI
Annualized Volatility 18.9% 17.4%
Max Drawdown -38.8% -26.2%
Sharpe Ratio -0.20 0.32

Dividend Comparison

Metric VNQ VTI
Annual Dividend (per share) $3.49 $3.77
Dividend Yield 3.92% 1.17%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

VNQ Top Holdings

NameWeight
Vanguard Real Estate II Index Fund!mutf/VRTPX14.38%
Welltower Inc.WELL7.52%
Prologis, Inc.PLD7.08%
Equinix, Inc.EQIX5.11%
American Tower CorporationAMT4.80%
Simon Property Group, Inc.SPG3.56%
Realty Income CorporationO3.27%
Digital Realty Trust, Inc.DLR3.25%
Public StoragePSA2.59%
CBRE Group, Inc.CBRE2.35%

VTI Top Holdings

NameWeight
NVIDIA CorporationNVDA6.17%
Apple Inc.AAPL5.89%
Microsoft CorporationMSFT4.40%
Amazon.com, Inc.AMZN3.05%
Broadcom Inc.AVGO2.28%
Alphabet Inc.GOOG2.16%
Meta Platforms, Inc.META2.13%
Tesla, Inc.TSLA1.72%
Berkshire Hathaway Inc.BRK.B1.37%

Which One Should You Choose?

Choose VTI if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose VTI if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose VNQ if...

you prioritize dividend income and want higher regular distributions from your portfolio.

Related Comparisons