All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

VNQ: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

VNQ real return snapshot: after CPI-U inflation, VNQ returned +2.80% over the past year and +4.36% YTD, with dividends reinvested. Since Sep. 29, 2004, VNQ is up +172.20% in real purchasing-power return, or +4.66%/yr, and is currently −19.85% below its real total-return high on Dec. 31, 2021.

Data ending Mon Sep. 21, 2026

Growth of $10,000

Wed 2004-09-29💬 to Mon 2026-09-21 Overall
Return
Exponential
Trendline
VNQ
×
+172.20%
+4.66%/yr
+4.98%/yr
R2=0.714
Vanguard Real Estate Index Fund ETF Shares Exchange-Traded Fund

Growth of $10,000 Summary

Wed 2004-09-29💬 to Mon 2026-09-21 Start
Value
End
Value
VNQ
×
$10,000.00
2004-09-29
$27,220.49
2026-09-21

This Year’s Performance

through 2026-09-21

  YTD YoY
VNQ
×
+4.36% +2.80%

Drawdowns

  Current
Drawdown
Worst
Drawdown
VNQ
×
−19.85%
on 2026-09-21
from 2021-12-31 peak
−74.28%
on 2009-03-06
from 2007-02-07 peak

Rolling Returns

Period ending Mon 2026-09-21 1 yr 2 yr 3 yr 5 yr 10 yr
VNQ
×
+2.80% −2.82%
−1.42%/yr
+24.07%
+7.45%/yr
−12.25%
−2.58%/yr
+14.81%
+1.39%/yr

Annual Returns

Year VNQ
2026 (YTD) +4.36%
2025 +0.56%
2024 +1.88%
2023 +8.23%
2022 −30.73%
2021 +31.30%
2020 −5.89%
2019 +26.03%
2018 −7.78%
2017 +2.73%
2016 +6.37%
2015 +1.69%
2014 +29.42%
2013 +0.79%
2012 +15.63%
2011 +5.50%
2010 +26.50%
2009 +26.68%
2008 −37.04%
2007 −19.80%
2006 +31.96%
2005 +8.23%
2004 +15.75%