Market Research Data

VNQ Correlation & Overlap

Fund Strategy Analysis

Vanguard Real Estate ETF (VNQ) is a key instrument in the Real Estate category. For portfolios allocated to the Real Estate sector, VNQ is a primary vehicle. Market research often focuses on finding partner assets that preserve this specific market exposure without triggering wash sale rules.

Note: This page summarizes historical similarity metrics and does not assess tax treatment or regulatory outcomes.

Top Correlated ETFs

Real Estate
XLRE
CORR ≥ 0.99*
>0.99
Correlation
XLRE shows a high degree of historical similarity with VNQ. With an estimated overlap of 75%, this pair is often analyzed in discussions regarding "substantially identical" securities.
Overlap: ~75%
Yahoo Finance ↗XLRE Data Coming Soon
IYR
CORR ≥ 0.95*
98.0%
Correlation
With approximately 70% overlap in holdings, IYR and VNQ exhibit highly synchronized price behavior. This structural similarity is a key data point for tax-loss harvesting research.
Overlap: ~70%
Yahoo Finance ↗IYR Data Coming Soon
SCHH
CORR ≥ 0.95*
98.0%
Correlation
A holdings overlap of roughly 65% suggests that SCHH and VNQ maintain aligned market exposure. This metric is frequently used to assess the potential for maintaining economic position while realizing a tax loss.
Overlap: ~65%
Yahoo Finance ↗SCHH Data Coming Soon

Note on Overlap: Estimates are based on the most recent publicly disclosed holdings. Leveraged/Inverse products often use swaps resulting in low physical overlap despite high correlation.

Benchmark Similarity: ETFs tracking similar broad-market or sector-specific benchmarks often exhibit extremely high correlation. Investors typically review additional factors such as index methodology when evaluating similarity.

* Correlation calculated using 2-year daily price returns.

Wash Sale Re-Entry Date (Reference Tool)

If you sold VNQ at a loss, U.S. wash sale rules generally restrict repurchasing the same or a substantially identical security within 30 days.

*For informational purposes only. Consult a tax professional regarding IRC §1091. This tool calculates the 31st day following a sale.

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What is Correlation?

Correlation measures the historical relationship between two assets. A value of 1.00 (100%) means they move perfectly in sync. For tax loss harvesting, high correlation is generally desired to stay in the market while realizing a loss.

Index Methodology

Under the wash sale rule, "substantially identical" assets are disallowed for loss claims. Many investors argue that ETFs tracking different indices (e.g., S&P 500 vs. Russell 1000) are not substantially identical.

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