What if you invested monthly in a US REIT ETF (VNQ) for 15 years?
This looks at investing a fixed amount every month for 15 years into an ETF that broadly holds US real-estate investment trusts. It offers dividend appeal, but it can suffer large corrections along the rate cycle.
Investment conditions
Asset · US REIT ETF (VNQ)
Method · Recurring monthly investment
Period · 2011-07-01 ~ 2026-07-01
Amount · $222 / month
As of · 2026-07-01
Key metrics
These results do not reflect taxes. Based on historical data.
Risk & recovery
As important as returns. This service does not hide maximum drawdown or loss periods.
Maximum drawdown (MDD)
-42.0%
Largest drop from peak
Longest loss period
3months
Months in loss: 4
Recovery period
10months
Growth over time
Invested principal (dashed) and portfolio value (solid). Values below match the calculation.
Total invested $40,222 → Final value $67,526 (+67.9%), Maximum drawdown (MDD) -42.0%
Why this period and asset
VNQ is an ETF that broadly holds US commercial, residential, logistics and data-center REITs. The 15 years from 2011 pass through swings in the rate cycle and property markets. It rose steadily on dividend appeal and rent growth in low-rate phases, but plunged in early 2020 on commercial-property fears, then corrected sharply again in the 2022 rate-hike phase on real-estate valuation pressure. The window shows how sensitive REITs are to interest rates.
Interpreting the result
REITs are attractive for their dividend stream, but property is rate-sensitive and swings differently from a broad stock index. This window held a clear maximum drawdown and loss periods, with stretches, like 2020 and 2022, that took time to recover. Monthly investing keeps buying at lower prices in declines to lower your average cost, but if a rising-rate phase drags on, REITs broadly can stay depressed. Having a dividend does not mean the drawdown or loss period is small.
Caveats & limits
This result simplifies taxes, trading fees and currency effects, and past performance does not guarantee the future. REITs are sensitive to the rate cycle and property markets and can pass through large drawdowns and long loss periods; having a dividend does not remove principal-value risk. As a dollar asset, the won-based outcome shifts with USD/KRW.
Data sources & limits
- Price data source: Yahoo Finance / FinanceDataReader
- Collected on: 2026-07-23
- Effective trading date: 2026-07-01
- Price basis: 調整後終値(配当・株式分割を反映)
- Trading fees and taxes are not reflected — figures are pre-tax.
- Based on historical data; does not guarantee future returns.
Frequently asked questions
Aren't REITs safer because they pay dividends?
The dividend stream is appealing, but property valuations are rate-sensitive and can correct sharply, as in 2020 and 2022. A dividend does not make the drawdown or loss period small.
Why do REITs fall when rates rise?
Higher rates raise property financing costs and lower the relative appeal of steady dividends, which tends to press REIT valuations. 2022 was a clear example.
Are taxes and currency included?
This simulation simplifies dividends, fees, taxes and currency. In reality, overseas-ETF taxes and currency moves are added and can change the final return.
Related scenarios
📋 結果は過去のデータに基づくものです。過去のリターンは将来のリターンを保証しません。
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