SPDR S&P 500 ETF Trust
Price
$771.10
YTD
+12.85%
Expense
0.09%
Yield
1.25%
VNQ
VNQ NYSE
Vanguard Real Estate ETF · by Vanguard
Price
$97.65
YTD return
+5.80%
1Y return
10.20%
Expense ratio
0.12%
Dividend yield
3.85%
AUM
$35B
Vanguard Real Estate ETF invests in REITs and real estate companies, providing investors with real estate exposure and income without owning physical property.
What is VNQ?
Vanguard Real Estate ETF (VNQ) provides broad exposure to U.S. real estate investment trusts (REITs), offering a convenient way to invest in real estate without owning physical property. REITs are required to distribute at least 90% of taxable income as dividends.
REIT Sector Allocation
- Specialized REITs: 28.5% (cell towers, data centers)
- Industrial REITs: 12.8% (warehouses, logistics)
- Residential REITs: 12.2% (apartments, single-family)
- Retail REITs: 10.5% (malls, shopping centers)
- Healthcare REITs: 8.8%
- Office REITs: 5.5%
- Self-Storage: 5.2%
- Net Lease: 4.8%
- Timber/Other: 3.5%
- Hotel: 2.8%
- Diversified: 5.4%
Real Estate in a Portfolio
REITs provide portfolio diversification, inflation protection, and income. Many financial advisors recommend a 5-15% allocation to real estate. VNQ's 3.5-4% dividend yield is attractive for income investors.
Tax Considerations
REIT dividends are generally taxed as ordinary income (not qualified dividends), making them less tax-efficient. Consider holding VNQ in tax-advantaged accounts like IRAs or 401(k)s for optimal tax treatment.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Prologis Inc. | PLD | Industrial REITs | 8.50% | $141.85 -0.52% |
| 2 | American Tower | AMT | Cell Tower REITs | 6.80% | $174.16 -0.89% |
| 3 | Equinix Inc. | EQIX | Data Center REITs | 5.20% | $1,076.45 -0.29% |
| 4 | Crown Castle | CCI | Cell Tower REITs | 3.80% | $75.03 -0.68% |
| 5 | Realty Income | O | Net Lease REITs | 3.50% | $61.80 -0.74% |
| 6 | Simon Property Group | SPG | Retail REITs | 3.20% | $214.89 -1.02% |
| 7 | Public Storage | PSA | Self-Storage REITs | 3.00% | $311.20 -1.94% |
| 8 | Digital Realty | DLR | Data Center REITs | 2.80% | $192.10 -0.69% |
| 9 | Welltower Inc. | WELL | Healthcare REITs | 2.50% | $239.60 -0.81% |
| 10 | VICI Properties | VICI | Gaming REITs | 2.20% | $25.77 -0.88% |
Frequently asked questions
Does VNQ pay monthly dividends?
VNQ pays dividends quarterly, not monthly. However, the yield is typically 3.5-4.5%.
Is VNQ good for income?
Yes, VNQ typically offers yields of 3.5-4.5%, well above the S&P 500 average dividend yield.
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Community
VNQ discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
What is the fair value of VNQ in 2026?
VNQ price prediction 2026: what actually drives it?
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Is VNQ a good long-term hold, or too concentrated?
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