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GQRE vs VNQI

Northern Trust Global Quality Real Estate ETF

GQREBNYSE Arca

Vanguard Global ex-U.S. Real Estate ETF

VNQIANasdaq

Overlap

Expense ratio

VNQI −0.33pt a year

GQRE0.45%VNQI0.12%

Avg volume · 30D

VNQI 9.3×the volume

GQRE31.5KVNQI293K

10Y return · a year

GQRE +2.1pt

GQRE+3.9%VNQI+1.8%

GQRE vs VNQI Performance

Oct 29, 2021 – Oct 30, 2026

+2.2%GQRE−9.8%VNQI

Oct 29, 2021 to Oct 30, 2026. GQRE +2.2%. VNQI −9.8%. Use the arrow keys to read each point.−30%−20%10%Oct 2021Apr 2024Oct 2026
Expense ratio
GQRE 0.45%
VNQI 0.12%, better
Fund size
GQRE $426M
VNQI $3.6B
1Y total return
GQRE +7.3%, better
VNQI −5.1%
Yield (12M)
GQRE 4.36%
VNQI 5.05%, better
Holdings
GQRE 158
VNQI 761
Avg volume (30D)
GQRE 31.5K sh
VNQI 293K sh, better
NAV per share
GQRE $60.91
VNQI $42.63
52W range

ETF.net Grade

GQRE: Cost 68, Risk 75, Mission 100, Tradability 71, Holdings 65, Durability 68. VNQI: Cost 94, Risk 38, Mission 85, Tradability 62, Holdings 84, Durability 91.
Pillar letters and Scores for GQRE, VNQI, with each pillar’s weight
PillarGQREVNQI
Cost30% weightB68A94Higher
Mission25% weightA100HigherA85
Risk15% weightA75HigherD38
Tradability15% weightA71HigherB62
Holdings10% weightB65A84Higher
Durability5% weightB68A91Higher

Rank among Global & International Real Estate funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GQRE and VNQI are both graded against the same 18 Global & International Real Estate funds, so their Grades compare head to head.

Global & International Real Estate⁠

Category · 18 funds
See all 18 ›

VNQI ranks 4th and GQRE 5th of 18 funds in the Global & International Real Estate Category.

  1. Rank 1AREETiShares Global REIT ETFScore 78
  2. Rank 2ADFGRDimensional Global Real Estate ETFScore 77
  3. Rank 3AHAUZXtrackers International Real Estate ETFScore 75
  4. Rank 4AVNQIVanguard Global ex-U.S. Real Estate ETFScore 74
  5. Rank 5BGQRENorthern Trust Global Quality Real Estate ETFScore 69
  6. Rank 6BVGSRVert Global Sustainable Real Estate ETFScore 62

Our read on each fund

ETF.net Research

GQREBNorthern Trust Global Quality Real Estate ETF

VNQIAVanguard Global ex-U.S. Real Estate ETF

In short

GQRE Most global real estate funds just buy the sector by size. GQRE screens it first: a Northern Trust index built to maximize quality, value and momentum across US and overseas REITs, at 0.45% net of a waiver through March 1, 2027.

VNQI Everything outside the US property market in one ticker: roughly 700 REITs, landlords and developers across 30-plus countries, developed and emerging, for 0.12% a year.

Stated mandate

GQRE The Fund seeks to track the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate Index.

VNQI The Fund seeks to track the S&P Global ex-U.S. Property Index, an index of international real estate stocks in developed and emerging markets. It generally uses full replication and invests at least 80% of assets in index securities.

Why people hold it

  • GQRE The index is built to maximize quality, value and momentum inside the real estate universe, with the quality score reading profitability, cash flow and management strength.flexshares.com
  • Genuinely global: US plus overseas names, REITs and real estate operating companies, where peers HAUZ (0.10%) and VNQI (0.12%) stop outside the US.flexshares.com
  • Trading since 2013 with roughly 200 holdings and quarterly payouts, it sits in the upper half of its global real estate peer group.
  • VNQI At 0.12% a year, it costs about a quarter of the typical global real estate fund and lands within two basis points of the cheapest in its peer group (HAUZ, 0.10%).
  • Full replication across roughly 700 names in more than 30 countries, so no single Tokyo landlord or Sydney mall owner carries the portfolio.vanguard.com
  • The benchmark reaches past pure REITs into companies that own, manage and develop property, which is how it covers markets where the REIT structure barely exists.spindices.com
  • Trading since 2010 and one of the tighter index trackers in its cohort, which is the whole job for a fund like this.

Worth knowing

  • GQRE 0.45% net of a waiver through March 1, 2027 (0.46% gross) sits near the category median, above trackers REET (0.14%) and DFGR (0.21%, waived through February 28, 2027).
  • One of the quieter tickers in its category, so the gap between bid and ask can matter more here than with the category's most traded names.
  • One sector, and a rate-sensitive one: fund documents flag real estate concentration risk, and the factor screen can send it well away from a plain cap-weighted REIT basket.flexshares.com
  • VNQI Currency exposure is unhedged, so moves in the dollar against the yen, euro and other local currencies feed straight into results.vanguard.com
  • Emerging markets and China-linked property companies are in the mix, a risk set the prospectus calls out separately from developed-market investing.vanguard.com
  • Distributions land annually or semiannually rather than monthly, so the income arrives in lumps.

Full GQRE profile⁠

Full VNQI profile⁠

GQRE vs VNQI Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GQRE vs VNQI Cost

Overpaying GQRE vs VNQI

$6,521

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GQRE 0.45%

    $9,041

  • VNQI 0.12%

    $2,520

$10,000
30 years

Cost over time

  • GQRE 0.45%
  • VNQI 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530GQRE $9,041VNQI $2,520

Year by year

YearGQREVNQIOverpaying
10$812$220$592
20$3,128$859$2,269
30$9,041$2,520$6,521

Expense ratio

  • 0.45%GQRE
  • 0.12%VNQI, cheaper
  • Middle half of Global & International Real Estate funds
  • Median 0.49%

VNQI 2nd cheapest of 18 funds

GQRE 6th cheapest of 18 funds

GQRE vs VNQI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GQRE 4.36%
VNQI 5.05%, better
Payout (12M)
GQRE $2.65
VNQI $2.16
Last payment
GQRE $0.42
VNQI $2.16
Ex-dividend
GQRE Sep 18, 2026
VNQI Dec 19, 2025
Paid on
GQRE Sep 24, 2026
VNQI Dec 23, 2025
Frequency
GQRE Quarterly
VNQI Annual

Distribution history

Per share, 2017 to 2026, same scale for both

GQREQuarterly · 38 paymentsAll GQRE payments⁠
One bar per payment. 38 payments from 2017 to 2026 YTD. Mar 20, 2017 $0.03; Jun 19, 2017 $0.42; Dec 21, 2017 $0.78; Mar 19, 2018 $0.06; Jun 18, 2018 $0.52; Sep 24, 2018 $0.50; Dec 21, 2018 $0.70; Mar 15, 2019 $0.13; Jun 21, 2019 $0.53; Sep 20, 2019 $0.44; Dec 20, 2019 $1.68; Mar 20, 2020 $0.06; Jun 19, 2020 $0.48; Sep 18, 2020 $0.30; Dec 18, 2020 $0.33; Mar 19, 2021 $0.05; Jun 18, 2021 $0.42; Sep 17, 2021 $0.23; Dec 17, 2021 $1.04; Mar 18, 2022 $0.009; Jun 17, 2022 $0.41; Sep 16, 2022 $0.56; Dec 16, 2022 $0.36; Mar 17, 2023 $0.18; Jun 16, 2023 $0.44; Sep 15, 2023 $0.50; Dec 15, 2023 $0.50; Mar 15, 2024 $0.05; Jun 21, 2024 $0.44; Sep 20, 2024 $0.41; Dec 20, 2024 $1.25; Mar 21, 2025 $0.12; Jun 20, 2025 $0.60; Sep 19, 2025 $0.51; Dec 19, 2025 $1.57; Mar 20, 2026 $0.08; Jun 18, 2026 $0.58; Sep 18, 2026 $0.42. Use the arrow keys to read each point.$0$2.502017202020232026YTD
VNQIAnnual · 17 paymentsAll VNQI payments⁠
One bar per payment. 17 payments from 2017 to 2026 YTD. Jun 28, 2017 $0.28; Sep 27, 2017 $0.18; Dec 19, 2017 $1.88; Mar 26, 2018 $0.08; Jun 28, 2018 $0.73; Sep 26, 2018 $0.25; Dec 24, 2018 $1.37; Jun 17, 2019 $0.41; Sep 24, 2019 $0.42; Dec 18, 2019 $3.65; Dec 21, 2020 $0.51; Sep 24, 2021 $0.60; Dec 21, 2021 $2.89; Dec 19, 2022 $0.24; Dec 18, 2023 $1.59; Dec 20, 2024 $2.04; Dec 19, 2025 $2.16. Use the arrow keys to read each point.$0$2.502017202020232026YTD

GQRE vs VNQI Risk

Fall from peak · 5 years

  • GQRE
  • VNQI
Oct 29, 2021 to Oct 30, 2026. Worst fall: GQRE −35.1% · Oct 2023. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
GQRE 14.8%, betterVNQI 15.9%
Return per unit of riskSharpe ratio, 3 years
GQRE 0.60, betterVNQI 0.36
Worst fallMax drawdown, 5 years
GQRE −35.1%VNQI −33.4%, better
Market sensitivityBeta, 5 years
GQRE 0.92VNQI 0.95

GQRE and VNQI in the news

All news⁠

Popular comparisons

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