GOOD vs VNQ: Correlation
Gl (GOOD) and Vanguard Real Estate ETF (VNQ) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOD and VNQ?
On 3 years of weekly data the GOOD/VNQ correlation comes out at 0.70, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 257.2 %².
Few assets follow GOOD as closely as VNQ, which ranks #2 of 16 tracked partners. Their 12-month results are close: +8.2% for GOOD against +10.3% for VNQ.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GOOD vs VNQ: side by side
| GOOD (Gl) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +8.2% | +10.3% |
| 5-year return | -11.7% | +9.5% |
| Volatility (ann.) | 22.3% | 16.6% |
| Beta vs S&P 500 | 0.67 | 0.59 |
| Max drawdown (3Y) | -35.3% | -17.5% |
| Market cap | $0.6B | – |
| P/E (trailing) | 51.9 | – |
| Dividend yield | 9.22% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | GOOD | VNQ |
|---|---|---|
| 2022 | -22.5% | -26.3% |
| 2023 | -21.6% | +11.9% |
| 2024 | +33.3% | +4.8% |
| 2025 | -28.1% | +3.2% |
| 2026 | +29.9% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOD and VNQ good diversifiers for each other?
Only partially. A correlation of 0.70 means GOOD and VNQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GOOD and VNQ?
The GOOD/VNQ correlation stands at 0.70 on a 3-year window (1 year: 0.65, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is VNQ a good diversifier for GOOD?
Only partially. A correlation of 0.70 means GOOD and VNQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/good-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/good-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GOOD correlations · VNQ correlations
