DFAR vs VNQ
DFA Real Estate Securities Portfolio ETF Class Shares against Vanguard Real Estate ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
77%
112 shared positions
Fee gap
6 bp
VNQ is cheaper
1-year return gap
3.3 pts
DFAR is ahead
Larger fund
VNQ
$35.8B
Side by side
| DFAR | VNQ | |
|---|---|---|
| Fund | DFA Real Estate Securities Portfolio ETF Class Shares | Vanguard Real Estate ETF |
| Issuer | Dimensional | Vanguard |
| Category | Real Estate | Real Estate |
| Expense ratio | 0.19% | 0.13% |
| Assets | $1.7B | $35.8B |
| Average daily dollar volume | $62M | $394M |
| Listed | — | Sep 23, 2004 |
| FrenzyCap score | 78 | 84 |
| 1-month return | −3.7% | −3.7% |
| 3-month return | −7.8% | −7.3% |
| Year to date | +6.9% | +2.4% |
| 1-year return | +4.3% | +1.0% |
| 30-day volatility | 11.4% | 12.6% |
| Worst drawdown, 1 year | −12.6% | −12.1% |
| Trailing 12-month yield | 3.55% | 3.76% |
| Holdings | 129 | 153 |
| Top 10 weight | 47.8% | 54.9% |
| Look-through P/E | 33.0 | 36.2 |
| Holdings vs fair value | +10.7% | +11.6% |
| Holdings above 200-day average | 30% | 33% |
| Net flow, latest 3 reported months | +$33M thru Jul 2026 | +$974M thru Jul 2026 |
| 30-day implied volatility | 35.3% | 15.3% |
| Holdings as of | as of Apr 30, 2026SEC filing | as of Jul 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
99% of DFAR · 78% of VNQ| Holding | DFAR | VNQ |
|---|---|---|
| WELL | 7.50% | 8.51% |
| PLD | 6.84% | 7.01% |
| EQIX | 5.41% | 5.23% |
| AMT | 4.38% | 4.20% |
| SPG | 4.59% | 3.88% |
| DLR | 4.64% | 3.37% |
| O | 4.47% | 3.08% |
| PSA | 3.73% | 2.83% |
| VTR | 3.25% | 2.31% |
| IRM | 2.92% | 1.89% |
| CCI | 3.02% | 1.73% |
| EXR | 2.35% | 1.63% |
| VICI | 2.43% | 1.37% |
| AVB | 1.99% | 1.34% |
| EQR | 1.83% | 1.17% |
| SBAC | 1.80% | 1.00% |
| ESS | 1.32% | 0.95% |
| HST | 1.13% | 0.90% |
| KIM | 1.25% | 0.89% |
| WPC | 1.27% | 0.84% |
| INVH | 1.25% | 0.83% |
| MAA | 1.17% | 0.80% |
| SUI | 1.23% | 0.79% |
| DOC | 0.88% | 0.79% |
| OHI | 1.09% | 0.78% |
Sector mix of the stock holdings
| Sector | DFAR | VNQ | Gap |
|---|---|---|---|
| Real Estate | 99.3% | 83.6% | +15.7% |
| Industrials | 0.0% | 1.0% | −1.0% |
| Consumer Discretionary | 0.4% | 0.4% | +0.1% |
| Financials | 0.0% | 0.1% | −0.1% |
More: full overlap table · DFAR holdings · VNQ holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.