VICI vs VNQ: Correlation
Vici Properties (VICI) and Vanguard Real Estate ETF (VNQ) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VICI and VNQ?
Across a 3-year window, the weekly returns of VICI and VNQ correlate at 0.78, strong. Recent behaviour matches the longer record: 0.78 over 1 year against 0.78 over 3. Stretching to 5 years gives 0.76, with an annualized covariance of 231.4 %².
In VICI's tracked universe of 40 assets, VNQ sits right near the top at #2. Correlation aside, the last 12 months split them widely, with VNQ ahead by 29.0 points (-18.7% versus +10.3%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.63 and 0.85.
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.
VICI vs VNQ: side by side
| VICI (Vici Properties) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | -18.7% | +10.3% |
| 5-year return | +9.9% | +9.5% |
| Volatility (ann.) | 18.0% | 16.6% |
| Beta vs S&P 500 | 0.35 | 0.59 |
| Max drawdown (3Y) | -19.1% | -17.5% |
| Market cap | $28.4B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 6.92% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | Real Estate | 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 | VICI | VNQ |
|---|---|---|
| 2022 | +13.0% | -26.3% |
| 2023 | +3.6% | +11.9% |
| 2024 | -3.1% | +4.8% |
| 2025 | +1.9% | +3.2% |
| 2026 | -5.3% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VNQ holds VICI at a 1.38% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are VICI and VNQ good diversifiers for each other?
Only partially. A correlation of 0.78 means VICI 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 VICI and VNQ?
As of 2026-08-27, the correlation of weekly returns between VICI and VNQ is 0.78 over 3 years, 0.78 over 1 year and 0.76 over 5 years.
Is VNQ a good diversifier for VICI?
Only partially. A correlation of 0.78 means VICI 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 0.78 mean?
A reading of 0.78 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vici-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vici-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VICI correlations · VNQ correlations
