VNQ vs. DFAR ETF Comparison

Comparison of Vanguard REIT ETF - DNQ (VNQ) to Dimensional US Real Estate ETF (DFAR)

VNQ

Vanguard REIT ETF - DNQ

VNQ Description

The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$94.95

Average Daily Volume

3,779,534

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

DFAR

Dimensional US Real Estate ETF

DFAR Description

Dimensional US Real Estate ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across real estate sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Dimensional US Real Estate ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$25.04

Average Daily Volume

138,585

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

Performance

Period	VNQ	DFAR
30 Days	5.75%	5.83%
60 Days	13.33%	13.15%
90 Days	15.88%	16.14%
12 Months	21.00%	22.42%

115 Overlapping Holdings

Symbol	Grade	Weight in VNQ	Weight in DFAR	Overlap
AAT	B	0.08%	0.1%	0.08%
ADC	A	0.42%	0.56%	0.42%
AIV	B	0.07%	0.09%	0.07%
AKR	B	0.13%	0.18%	0.13%
ALX	B	0.03%	0.04%	0.03%
AMH	A	0.71%	0.96%	0.71%
AMT	A	6.16%	7.68%	6.16%
APLE	F	0.2%	0.25%	0.2%
ARE	D	1.11%	1.27%	1.11%
AVB	B	1.74%	2.36%	1.74%
BDN	B	0.05%	0.07%	0.05%
BFS	B	0.03%	0.04%	0.03%
BNL	B	0.2%	0.26%	0.2%
BRX	A	0.46%	0.62%	0.46%
BXP	A	0.64%	0.83%	0.64%
CBL	B	0.02%	0.03%	0.02%
CCI	A	2.87%	3.24%	2.87%
CHCT	F	0.04%	0.02%	0.02%
CIO	B	0.01%	0.02%	0.01%
CLDT	D	0.03%	0.03%	0.03%
COLD	B	0.48%	0.58%	0.48%
CPT	B	0.71%	0.98%	0.71%
CSR	B	0.06%	0.08%	0.06%
CTRE	A	0.22%	0.34%	0.22%
CUBE	A	0.64%	0.88%	0.64%
CUZ	A	0.25%	0.33%	0.25%
DEA	A	0.08%	0.1%	0.08%
DEI	B	0.16%	0.2%	0.16%
DHC	C	0.03%	0.04%	0.03%
DLR	D	2.8%	3.63%	2.8%
DOC	B	0.93%	1.19%	0.93%
DRH	D	0.1%	0.14%	0.1%
EGP	B	0.54%	0.67%	0.54%
ELS	A	0.73%	0.97%	0.73%
EPR	B	0.2%	0.27%	0.2%
EPRT	A	0.3%	0.42%	0.3%
EQC	A	0.13%	0.16%	0.13%
EQIX	B	4.37%	5.68%	4.37%
EQR	B	1.42%	1.95%	1.42%
ESRT	B	0.09%	0.11%	0.09%
ESS	B	1.07%	1.43%	1.07%
EXR	B	2.02%	2.73%	2.02%
FCPT	A	0.15%	0.19%	0.15%
FR	B	0.43%	0.56%	0.43%
FRT	A	0.5%	0.65%	0.5%
GLPI	A	0.82%	1.05%	0.82%
GMRE	D	0.04%	0.04%	0.04%
GNL	A	0.1%	0.11%	0.1%
GOOD	A	0.04%	0.04%	0.04%
GTY	B	0.09%	0.12%	0.09%
HIW	B	0.2%	0.26%	0.2%
HPP	D	0.05%	0.05%	0.05%
HST	D	0.74%	0.92%	0.74%
IIPR	B	0.21%	0.27%	0.21%
INN	B	0.04%	0.05%	0.04%
INVH	B	1.29%	1.67%	1.29%
IRM	B	1.8%	2.45%	1.8%
IRT	B	0.25%	0.34%	0.25%
IVT	B	0.11%	0.15%	0.11%
JBGS	B	0.09%	0.11%	0.09%
KIM	A	0.88%	1.16%	0.88%
KRC	B	0.25%	0.31%	0.25%
KRG	B	0.32%	0.42%	0.32%
LAMR	B	0.63%	0.82%	0.63%
LTC	A	0.09%	0.12%	0.09%
LXP	B	0.18%	0.23%	0.18%
MAA	B	0.98%	1.39%	0.98%
MAC	B	0.21%	0.26%	0.21%
MPW	C	0.17%	0.2%	0.17%
NHI	A	0.19%	0.26%	0.19%
NNN	A	0.49%	0.65%	0.49%
NSA	A	0.19%	0.24%	0.19%
NTST	A	0.07%	0.09%	0.07%
NXRT	B	0.06%	0.08%	0.06%
O	A	2.96%	4.05%	2.96%
OHI	A	0.53%	0.74%	0.53%
OLP	B	0.03%	0.03%	0.03%
OPI	F	0.01%	0.01%	0.01%
OUT	B	0.13%	0.17%	0.13%
PDM	B	0.06%	0.09%	0.06%
PEB	D	0.1%	0.08%	0.08%
PECO	A	0.26%	0.35%	0.26%
PGRE	C	0.05%	0.06%	0.05%
PK	D	0.19%	0.22%	0.19%
PKST	C	0.03%	0.0%	0.0%
PLD	B	6.98%	8.66%	6.98%
PLYM	C	0.06%	0.07%	0.06%
PSA	A	2.8%	3.98%	2.8%
REG	A	0.71%	0.92%	0.71%
REXR	B	0.65%	0.86%	0.65%
RHP	D	0.34%	0.44%	0.34%
RLJ	F	0.09%	0.1%	0.09%
ROIC	B	0.11%	0.15%	0.11%
SBAC	A	1.42%	1.4%	1.4%
SBRA	A	0.22%	0.3%	0.22%
SHO	D	0.12%	0.15%	0.12%
SKT	A	0.19%	0.27%	0.19%
SLG	B	0.26%	0.34%	0.26%
SPG	B	3.0%	4.08%	3.0%
STAG	B	0.44%	0.55%	0.44%
SUI	A	0.94%	1.2%	0.94%
SVC	D	0.06%	0.05%	0.05%
TRNO	B	0.39%	0.5%	0.39%
UDR	B	0.75%	1.05%	0.75%
UE	B	0.14%	0.19%	0.14%
UHT	A	0.03%	0.04%	0.03%
UMH	A	0.07%	0.1%	0.07%
UNIT	A	0.05%	0.08%	0.05%
VICI	A	1.79%	2.54%	1.79%
VNO	B	0.29%	0.41%	0.29%
VTR	A	1.31%	1.86%	1.31%
WELL	A	3.71%	4.89%	3.71%
WPC	A	0.76%	0.72%	0.72%
WSR	D	0.04%	0.05%	0.04%
XHR	D	0.08%	0.11%	0.08%

VNQ Overweight 29 Positions Relative to DFAR

Symbol	Grade	Weight
CBRE	B	2.06%
CSGP	C	1.91%
WY	C	1.39%
JLL	B	0.71%
Z	B	0.46%
RYN	B	0.26%
PCH	C	0.21%
CWK	B	0.18%
SITC	D	0.17%
ZG	B	0.16%
HHH	B	0.15%
DBRG	F	0.14%
JOE	C	0.13%
NMRK	A	0.11%
COMP	B	0.1%
ALEX	B	0.09%
OPEN	D	0.08%
EXPI	F	0.07%
KW	B	0.07%
MMI	B	0.06%
AHH	B	0.05%
RDFN	B	0.05%
FOR	D	0.04%
FPI	D	0.03%
LAND	D	0.03%
TRC	D	0.02%
RMR	B	0.02%
SRG	F	0.01%
NXDT	D	0.01%

VNQ Underweight 11 Positions Relative to DFAR

Symbol	Grade	Weight
CTO	A	-0.03%
PINE	A	-0.02%
BRT	B	-0.02%
ILPT	B	-0.02%
PSTL	B	-0.02%
BHR	D	-0.01%
GIPR	F	-0.0%
CMCT	F	-0.0%
SELF	B	-0.0%
CLPR	A	-0.0%
MDV	B	-0.0%