RWR vs VNQ: Holdings Overlap
RWRState Street® SPDR® Dow Jones® REIT ETF
State Street (SPDR) · 97 holdings · $1.9B · as of 2026-08-06
VNQVanguard Real Estate Index Fund
Vanguard · 146 holdings · $39.3B · as of 2026-04-30
Holdings snapshots are 98 days apart (RWR: 2026-08-06, VNQ: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are RWR and VNQ?
State Street® SPDR® Dow Jones® REIT ETF (RWR, by State Street (SPDR)) holds 97 positions; Vanguard Real Estate Index Fund (VNQ, by Vanguard) holds 146. They have 94 holdings in common, and by portfolio weight the two funds are 62.3% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 62.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 94RWR holds 97 · VNQ holds 146
- Weight in Shared Holdings
- RWR 99%·VNQ 64%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in RWR
3 of 97 positions (0.1% of the fund) are not held by VNQ.
Sector Breakdown
| Sector | RWR | VNQ |
|---|---|---|
| Real Estate | 99.0% | 99.3% |
| Communication Services | 0.0% | 0.4% |
| Other Sectors | 0.0% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| RWR | -0.8% | +18.6% | +23.5% | +11.8% | +4.3% | +4.9% | 3.29% |
| VNQ | +0.0% | +13.4% | +13.9% | +9.7% | +2.2% | +4.9% | 3.53% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in RWR vs VNQ →
Shared Holdings(94)
The top 10 shared positions account for 60% of the overlap, led by WELL, PLD and EQIX.
 WELLWelltower Inc. COM | 10.87% | 7.84% | 7.84% |
|---|---|---|---|
 PLDPrologis Inc. COM | 9.45% | 7.00% | 7.00% |
 EQIXEquinix, Inc. COM | 4.44% | 5.64% | 4.44% |
 DLRDigital Realty Trust Inc. COM | 4.91% | 3.66% | 3.66% |
 SPGSimon Property Group Inc COM | 4.57% | 3.53% | 3.53% |
 ORealty Income Corporation COM | 4.40% | 3.11% | 3.11% |
 PSAPublic Storage COM | 4.70% | 2.54% | 2.54% |
 VTRVentas Inc. COM | 4.17% | 2.19% | 2.19% |
 EXRExtra Space Storage Inc. COM | 2.93% | 1.61% | 1.61% |
 AVBAvalonBay Communities, Inc. COM | 2.41% | 1.38% | 1.38% |
 EQREquity Residential SH BEN INT | 2.11% | 1.25% | 1.25% |
 ESSEssex Property Trust, Inc. COM | 1.70% | 0.90% | 0.90% |
 INVHInvitation Homes Inc. COM | 1.54% | 0.89% | 0.89% |
 KIMKimco Realty Corporation COM | 1.53% | 0.85% | 0.85% |
 WPCW. P. Carey Inc COM | 1.49% | 0.85% | 0.85% |
 SUISun Communities, Inc. COM | 1.29% | 0.84% | 0.84% |
 MAAMid-America Apartment Communities, Inc. COM | 1.44% | 0.80% | 0.80% |
 HSTHost Hotels & Resorts Inc COM | 1.38% | 0.77% | 0.77% |
 OHIOmega Healthcare Investors, Inc. COM | 1.35% | 0.74% | 0.74% |
 REGRegency Centers Corp. COM | 1.18% | 0.72% | 0.72% |
 ELSEquity Lifestyle Properties Inc COM | 1.16% | 0.62% | 0.62% |
 UDRUDR Inc COM | 1.05% | 0.61% | 0.61% |
 DOCHealthpeak Properties Inc COM | 1.35% | 0.60% | 0.60% |
 CPTCamden Property Trust SH BEN INT | 1.03% | 0.59% | 0.59% |
 EGPEastgroup Properties, Inc. COM | 1.00% | 0.57% | 0.57% |
Frequently Asked Questions
How much do RWR and VNQ overlap?
RWR and VNQ overlap by 62.3% of portfolio weight. They share 94 holdings (RWR holds 97 positions and VNQ holds 146), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RWR and VNQ?
The two portfolios are 62.3% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of RWR and VNQ?
The largest positions held by both funds are WELL, PLD, EQIX, DLR and SPG. Together the top 10 shared positions account for 60% of the total overlap.
What does RWR own that VNQ doesn't?
3 positions (0.1% of RWR) are unique to RWR, led by SVC, FRMI and NLOP. In the other direction, 52 positions (36.2% of VNQ) are unique to VNQ.