EFA vs VNQ — 20-Year Performance Comparison
International Developed vs Real Estate (REIT) — backtested 2005–2024
VNQ wins$37,027 vs $25,036 on $10,000 over 20 years
EFAInternational Developed
Final value$25,036
CAGR+4.7%
Max drawdown-41.0%
Best year+27% (2009)
Years won8 of 20
VNQReal Estate (REIT)
Final value$37,027
CAGR+6.8%
Max drawdown-47.3%
Best year+41% (2021)
Years won12 of 20
Growth of $10,000
2005–2024EFAVNQ
EFA$25,036
VNQ$37,027
50/50 mix$32,159
50/50 blend: $32,159 (+6.0%/yr CAGR)
Splitting equally between EFA and VNQ would have landed between the two — slightly lower CAGR than VNQ but less volatility. Try a custom split →
Year-by-year: EFA vs VNQ
| Year | EFA | VNQ | Winner |
|---|---|---|---|
| 2024 | +3.5% | +4.8% | VNQ |
| 2023 | +18.4% | +11.8% | EFA |
| 2022 | -14.4% | -26.2% | EFA |
| 2021 | +11.4% | +40.5% | VNQ |
| 2020 | +7.6% | -4.7% | EFA |
| 2019 | +22.0% | +28.9% | VNQ |
| 2018 | -13.8% | -6.0% | VNQ |
| 2017 | +25.1% | +4.9% | EFA |
| 2016 | +1.4% | +8.6% | VNQ |
| 2015 | -1.0% | +2.4% | VNQ |
| 2014 | -6.2% | +30.4% | VNQ |
| 2013 | +21.4% | +2.3% | EFA |
| 2012 | +18.8% | +17.6% | EFA |
| 2011 | -12.2% | +8.6% | VNQ |
| 2010 | +8.2% | +28.4% | VNQ |
| 2009 | +27.0% | +30.1% | VNQ |
| 2008 | -41.0% | -37.0% | VNQ |
| 2007 | +9.9% | -16.3% | EFA |
| 2006 | +25.8% | +35.2% | VNQ |
| 2005 | +13.3% | +11.6% | EFA |
More comparisons
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