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 +8.61% over the past year and +8.82% YTD, with dividends reinvested. Since Sep. 29, 2004, VNQ is up +183.84% in real purchasing-power return, or +4.91%/yr, and is currently −16.43% below its real total-return high on Dec. 31, 2021.

Data ending Thu Jul. 2, 2026

Wed 2004-09-29💬 to Thu 2026-07-02 YTD
Return 		1 Year
Return
VNQ × 		+8.82%
2026-07-02 		+8.61%
2026-07-02
Vanguard Real Estate Index Fund ETF Shares Exchange-Traded Fund

Returns

Wed 2004-09-29💬 to Thu 2026-07-02 Overall
Return 		Exponential
Trendline
VNQ × 		+183.84%
+4.91%/yr 		+5.01%/yr
(R2=0.711)
Vanguard Real Estate Index Fund ETF Shares Exchange-Traded Fund

Growth of $10,000

Wed 2004-09-29💬 to Thu 2026-07-02 Start
Value 		End
Value
VNQ × 		$10,000.00
2004-09-29 		$28,384.45
2026-07-02
Vanguard Real Estate Index Fund ETF Shares Exchange-Traded Fund

Annual Returns

Year VNQ
2026 (YTD) +8.82%
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%

Drawdowns

Wed 2004-09-29💬 to Thu 2026-07-02 Current
Drawdown 		Worst
Drawdown
VNQ × 		−16.43%
from 2021-12-31 peak 		−74.28%
2009-03-06
from 2007-02-07 peak
Vanguard Real Estate Index Fund ETF Shares Exchange-Traded Fund

Rolling Returns

Period ending Thu 2026-07-02 1
Year 		2
Years 		3
Years 		5
Years 		10
Years
VNQ × 		+8.61% +18.53%
+8.87%/yr 		+19.85%
+6.22%/yr 		−6.38%
−1.31%/yr 		+17.72%
+1.65%/yr
Vanguard Real Estate Index Fund ETF Shares Exchange-Traded Fund