LAND vs VNQ: Correlation
How closely do Gl (LAND) and Vanguard Real Estate ETF (VNQ) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAND and VNQ?
On 3 years of weekly data the LAND/VNQ correlation comes out at 0.57, moderate. The past 12 months show a weaker link (0.40) than the 3-year average (0.57). The 5-year figure is 0.64, and annualized covariance runs at 250.0 %².
VNQ is one of the assets that tracks LAND most closely: it ranks #2 out of the 13 assets we track against LAND. The trailing year gives VNQ the advantage: +3.1% versus +10.3%, a 7.2-point spread. Note the risk asymmetry: LAND runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LAND vs VNQ: side by side
| LAND (Gl) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +3.1% | +10.3% |
| 5-year return | -53.7% | +9.5% |
| Volatility (ann.) | 26.6% | 16.6% |
| Beta vs S&P 500 | 0.52 | 0.59 |
| Max drawdown (3Y) | -41.6% | -17.5% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.31% | 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 | LAND | VNQ |
|---|---|---|
| 2022 | -44.4% | -26.3% |
| 2023 | -18.5% | +11.9% |
| 2024 | -21.6% | +4.8% |
| 2025 | -10.7% | +3.2% |
| 2026 | +0.9% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAND and VNQ good diversifiers for each other?
Only partially. A correlation of 0.57 means LAND 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 LAND and VNQ?
The LAND/VNQ correlation stands at 0.57 on a 3-year window (1 year: 0.40, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is VNQ a good diversifier for LAND?
Only partially. A correlation of 0.57 means LAND 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 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/land-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/land-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAND correlations · VNQ correlations
