ETF Versus

VNQ vs VONV

Vanguard Real Estate Index Fund ETF Shares vs Vanguard Russell 1000 Value 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
VONV Vanguard

Vanguard Russell 1000 Value Index Fund ETF Shares (VONV) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a low expense ratio of 0.08%. The fund offers a moderate dividend yield of 1.81%. Launched in 2010, the fund has a 16-year track record.

AUM: N/A ER: 0.08% Yield: 1.81% Since: 2010-09-22

Quick Verdict

VONV has a slightly lower expense ratio (0.08% vs 0.12%), saving about $79 per $10,000 over 10 years. Over the past year, VONV has significantly outperformed with a 13.6% return vs -1.5%. Income investors may prefer VNQ for its higher yield (3.9% vs 1.8%).

Key Metrics

Metric VNQ VONV
Expense Ratio 0.12% 0.08%
Dividend Yield 3.9% 1.8%
Fund Family Vanguard Vanguard
Category US Real Estate US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

75 90 105 120 135 150 2021-04 2022-06 2023-10 2024-12 2026-04
VNQ -4.4%
VONV +39.5%

Performance Comparison

Period VNQ VONV Difference
1 Month -5.96% -3.26% -2.70%
3 Months +1.37% +1.34% +0.03%
6 Months -0.92% +4.74% -5.66%
YTD +1.37% +1.34% +0.03%
1 Year -1.54% +13.55% -15.09%
3 Years +8.92% +40.45% -31.53%
5 Years -4.43% +39.51% -43.94%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period VNQ Fees VONV 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 VONV
Annualized Volatility 18.9% 14.8%
Max Drawdown -38.8% -20.2%
Sharpe Ratio -0.19 0.22

Dividend Comparison

Metric VNQ VONV
Annual Dividend (per share) $3.49 $1.71
Dividend Yield 3.89% 1.81%
Distribution Frequency Quarterly Quarterly

Top Holdings

VNQ Top Holdings

NameWeight
Vanguard Real Estate II Index Fund1451.51%
Welltower Inc707.58%
Prologis Inc688.22%
American Tower Corp476.51%
Equinix Inc456.02%
Simon Property Group Inc354.53%
Digital Realty Trust Inc321.26%
Realty Income Corp314.90%
CBRE Group Inc287.69%
Public Storage247.55%

Which One Should You Choose?

Choose VONV if...

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

Choose VONV 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 VONV BND vs VNQ BND vs VONV BNDX vs VNQ BNDX vs VONV ITOT vs VNQ ITOT vs VONV