What is the expense ratio of VNQ vs VONG?

VNQ has an expense ratio of 0.12%, while VONG has an expense ratio of 0.08%.

VNQ vs VONG

Vanguard Real Estate Index Fund ETF Shares vs Vanguard Russell 1000 Growth 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 0.12%. The fund offers an attractive dividend yield of 3.89%. Launched in 2004, the fund has a 22-year track record.

AUM: $65.8B ER: 0.12% Yield: 3.89% Since: 2004-09-29

VONG Vanguard

Vanguard Russell 1000 Growth Index Fund ETF Shares (VONG) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a low expense ratio of 0.08%. The fund offers a modest dividend yield of 0.50%. Launched in 2010, the fund has a 16-year track record.

AUM: N/A ER: 0.08% Yield: 0.50% Since: 2010-09-22

Quick Verdict

VONG has a slightly lower expense ratio (0.08% vs 0.12%), saving about $79 per $10,000 over 10 years. Over the past year, VONG has significantly outperformed with a 17.2% return vs -1.5%. Income investors may prefer VNQ for its higher yield (3.9% vs 0.5%).

Key Metrics

Metric	VNQ	VONG
Expense Ratio	0.12%	0.08%
Dividend Yield	3.9%	0.5%
Fund Family	Vanguard	Vanguard
Category	US Real Estate	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

VNQ -4.4%

VONG +71.3%

Performance Comparison

Period	VNQ	VONG	Difference
1 Month	-5.96%	-4.21%	-1.75%
3 Months	+1.37%	-8.91%	+10.28%
6 Months	-0.92%	-9.08%	+8.16%
YTD	+1.37%	-8.91%	+10.28%
1 Year	-1.54%	+17.16%	-18.70%
3 Years	+8.92%	+75.75%	-66.83%
5 Years	-4.43%	+71.28%	-75.71%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	VNQ Fees	VONG Fees	You Save
$10,000	10 years	$239	$159	$79
$10,000	20 years	$1,025	$686	$339
$10,000	30 years	$3,301	$2,212	$1,088
$50,000	10 years	$1,193	$797	$396
$50,000	30 years	$16,504	$11,061	$5,442
$100,000	30 years	$33,007	$22,123	$10,884

Risk Metrics

Based on 5 years of daily returns

Metric	VNQ	VONG
Annualized Volatility	18.9%	21.3%
Max Drawdown	-38.8%	-33.2%
Sharpe Ratio	-0.19	0.40

Dividend Comparison

Metric	VNQ	VONG
Annual Dividend (per share)	$3.49	$0.56
Dividend Yield	3.89%	0.50%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

VNQ Top Holdings

Name	Weight
Vanguard Real Estate II Index Fund	1451.51%
Welltower Inc	707.58%
Prologis Inc	688.22%
American Tower Corp	476.51%
Equinix Inc	456.02%
Simon Property Group Inc	354.53%
Digital Realty Trust Inc	321.26%
Realty Income Corp	314.90%
CBRE Group Inc	287.69%
Public Storage	247.55%

Which One Should You Choose?

Choose VONG if...

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

Choose VONG 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

ARKK vs VNQ ARKK vs VONG BND vs VNQ BND vs VONG BNDX vs VNQ BNDX vs VONG ITOT vs VNQ ITOT vs VONG