

Balefire LLC cut its stake in shares of Vanguard Global ex-U.S. Real Estate ETF (NASDAQ: VNQI) by 78.7% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,510 shares of the company's stock after selling 16,671 shares during the quarter. Balefire LLC's

Schwab U.S. REIT ETF offers a more concentrated domestic portfolio with a lower expense ratio than its international Vanguard counterpart. Vanguard Global ex-U.S. Real Estate ETF provides exposure to over 30 countries and a higher dividend yield but has lagged in total returns over the last five years.

The iShares Select U.S. REIT ETF offers a concentrated portfolio of 30 domestic holdings while the Vanguard Global ex-U.S. Real Estate ETF provides international diversification. The Vanguard Global ex-U.S. Real Estate ETF features a lower expense ratio and a significantly higher dividend yield compared to the iShares fund.

The iShares Global REIT ETF provides exposure to both domestic and international markets, while the Vanguard Global ex-U.S. Real Estate ETF focuses exclusively on non-U.S. assets. The Vanguard Global ex-U.S. Real Estate ETF maintains a higher trailing-12-month dividend yield but has shown lower total returns over the past year.

State Street Real Estate Select Sector SPDR ETF offers a lower expense ratio and larger assets under management than Vanguard Global ex-U.S. Real Estate ETF. Vanguard Global ex-U.S. Real Estate ETF provides a higher trailing-12-month dividend yield but has seen a lower total return over the last five years.

These two real estate ETFs focus on opposite geographies.

Sometimes the choice seems obvious, but actually isn't.

Vanguard Global ex-U.S. Real Estate ETF has a significantly lower expense ratio of 0.12% compared to 0.59% for State Street SPDR Dow Jones International Real Estate ETF. The Vanguard fund offers a higher trailing dividend yield and broader diversification with 682 holdings while the SPDR fund holds 121 positions.