HAUZ vs VNQI

HAUZAXtrackers International Real Estate ETF

VNQIAVanguard Global ex-U.S. Real Estate ETF

In short

HAUZ The bargain passport for property: HAUZ owns real estate companies everywhere except the US, developed and emerging alike, for 0.10% a year. One of the cheapest ways to own the rest of the world's landlords.

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

HAUZ The fund seeks investment results that generally correspond to the performance of an iSTOXX Developed and Emerging benchmark.

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

• HAUZ Charges 0.10% a year against a 0.50% median for global real estate funds, undercutting even the low-cost giants VNQI (0.12%) and REET (0.14%).
• The US is deliberately left out. The index covers developed and emerging markets outside America, so it sits beside a domestic REIT holding instead of doubling it.dws.com
• About 400 holdings across dozens of markets, weighted by free float, so it owns the world's big listed property names rather than making country bets.dws.com
• Running since 2013 as a plain index tracker, and its portfolio lines up closely with the benchmark it promises.

• 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

• HAUZ One sector, one theme. Property equities move with interest rates and credit, and this fund's swings have been wider than most of what we grade.
• Distributions arrive once or twice a year, not monthly, so the income shows up lumpy.
• Moderate trading volume rather than headline volume, which can mean wider bid-ask spreads than the busiest global real estate funds.

• 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 HAUZ profile⁠

Full VNQI profile⁠