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INDS vs VNQI

Pacer Industrial Real Estate ETF

INDSCNYSE Arca

Vanguard Global ex-U.S. Real Estate ETF

VNQIANasdaq

Overlap

Expense ratio

VNQI −0.37pt a year

INDS0.49%VNQI0.12%

Avg volume · 30D

VNQI 30.2×the volume

INDS9.71KVNQI293K

5Y return · a year

INDS +0.6pt

INDS−1.2%VNQI−1.8%

INDS vs VNQI Performance

Nov 2, 2021 – Nov 2, 2026

−5.9%INDS−8.7%VNQI

Nov 2, 2021 to Nov 2, 2026. INDS −5.9%. VNQI −8.7%. Use the arrow keys to read each point.−30%−20%0%10%Nov 2021May 2024Nov 2026
Expense ratio
INDS 0.49%
VNQI 0.12%, better
Fund size
INDS $104M
VNQI $3.6B
1Y total return
INDS +11.7%, better
VNQI −4.5%
Yield (12M)
INDS 4.36%
VNQI 5.02%, better
Holdings
INDS 38
VNQI 799
Avg volume (30D)
INDS 9.71K sh
VNQI 293K sh, better
NAV per share
INDS $39.38
VNQI $42.63
52W range

ETF.net Grade

INDS: Cost 44, Risk 37, Mission not scored, Tradability 43, Holdings 34, Durability 43. VNQI: Cost 94, Risk 41, Mission 85, Tradability 59, Holdings 84, Durability 91.
Pillar letters and Scores for INDS, VNQI, with each pillar’s weight
PillarINDSVNQI
Cost30% weightC44A94Higher
Mission25% weightNot scoredA85
Risk15% weightD37C41Higher
Tradability15% weightC43B59Higher
Holdings10% weightD34A84Higher
Durability5% weightC43A91Higher

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. INDS 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 INDS 13th 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 76
  4. Rank 4AVNQIVanguard Global ex-U.S. Real Estate ETFScore 74
  5. Rank 5BGQRENorthern Trust Global Quality Real Estate ETFScore 67
  6. Rank 11CRITAETFB Green SRI REITs ETFScore 43
  7. Rank 13CINDSPacer Industrial Real Estate ETFScore 41
  8. Rank 14DSPRESP Funds S&P Global REIT Sharia ETFScore 38

Our read on each fund

ETF.net Research

INDSCPacer Industrial Real Estate ETF

VNQIAVanguard Global ex-U.S. Real Estate ETF

In short

INDS Most real estate funds hand you the whole property market in one bundle. INDS takes just the industrial slice, tracking a global developed-market index of about 40 companies whose revenue comes substantially from industrial real estate.

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

INDS The fund seeks exposure to global developed-market companies whose revenue is substantially generated by industrial real-estate operations.

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

  • INDS A pure industrial play, not a REIT grab bag: about 40 developed-market names picked by index rule, each earning most of its revenue from industrial property.
  • Costs 0.49% a year, a shade under the median for its global real estate peer group. The niche focus does not carry a niche price tag.
  • Live since 2018 and distributing quarterly, so there are years of real-world behavior on the tape rather than an index backtest.
  • 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

  • INDS Thinly traded. Spreads can run wider than the category's household names, and size orders take more care to fill.
  • One property type, about 40 holdings. Concentration is the whole design, and it cuts both directions.
  • Broad global real estate rivals such as HAUZ (0.10%) and VNQI (0.12%) charge a fraction as much, and they lead this peer group. They own the whole market, not the industrial slice.
  • 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 INDS profile⁠

Full VNQI profile⁠

INDS 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.

INDS vs VNQI Cost

Overpaying INDS vs VNQI

$7,272

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

  • INDS 0.49%

    $9,792

  • VNQI 0.12%

    $2,520

$10,000
30 years

Cost over time

  • INDS 0.49%
  • 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$10K051015202530INDS $9,792VNQI $2,520

Year by year

YearINDSVNQIOverpaying
10$883$220$663
20$3,394$859$2,535
30$9,792$2,520$7,272

Expense ratio

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

VNQI 2nd cheapest of 18 funds

INDS 8th cheapest of 18 funds

INDS vs VNQI Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
INDS 4.36%
VNQI 5.02%, better
Payout (12M)
INDS $1.75
VNQI $2.16
Last payment
INDS $0.79
VNQI $2.16
Ex-dividend
INDS Sep 3, 2026
VNQI Dec 19, 2025
Paid on
INDS Sep 8, 2026
VNQI Dec 23, 2025
Frequency
INDS Quarterly
VNQI Annual

Distribution history

Per share, 2017 to 2026, same scale for both

INDSQuarterly · 32 paymentsAll INDS payments⁠
One bar per payment. 32 payments from 2017 to 2026 YTD. Jun 26, 2018 $0.07; Sep 25, 2018 $0.20; Dec 24, 2018 $0.16; Mar 26, 2019 $0.24; Jun 25, 2019 $0.06; Sep 24, 2019 $0.15; Dec 24, 2019 $0.30; Mar 23, 2020 $0.11; Jun 22, 2020 $0.07; Sep 21, 2020 $0.19; Dec 21, 2020 $0.25; Mar 22, 2021 $0.16; Jun 21, 2021 $0.08; Sep 23, 2021 $0.19; Dec 23, 2021 $0.26; Mar 24, 2022 $0.05; Jun 23, 2022 $0.09; Sep 22, 2022 $0.52; Dec 22, 2022 $0.32; Mar 23, 2023 $0.08; Jun 22, 2023 $0.18; Sep 21, 2023 $1.04; Mar 21, 2024 $0.34; Jun 27, 2024 $0.20; Sep 26, 2024 $0.34; Dec 27, 2024 $0.43; Jun 5, 2025 $0.07; Sep 4, 2025 $0.40; Dec 30, 2025 $0.89; Mar 5, 2026 $0.03; Jun 4, 2026 $0.04; Sep 3, 2026 $0.79. 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

INDS vs VNQI Risk

Fall from peak · 5 years

  • INDS
  • VNQI
Nov 2, 2021 to Nov 2, 2026. Worst fall: INDS −40.1% · Oct 2023. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
INDS 20.9%VNQI 15.9%, better
Return per unit of riskSharpe ratio, 3 years
INDS 0.35VNQI 0.36, better
Worst fallMax drawdown, 5 years
INDS −40.1%VNQI −33.4%, better
Market sensitivityBeta, 5 years
INDS 1.26VNQI 0.95

INDS and VNQI in the news

All news⁠

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