Key Points VNQ charges a lower expense ratio and offers a higher dividend yield than ICF. VNQ holds over five times as many positions, with more diversified sector exposure compared to ICF’s concentrated REIT lineup. Both funds saw similar five-year drawdowns, but ICF slightly outperformed on cumulative growth over that period. These 10 stocks could mint the next wave of millionaires › The most notable differences between iShares Select U.S. REIT ETF (NYSEMKT:ICF) and Vanguard Real Estate ETF (N ...