VNQ vs. SGOV: Why Own a REIT ETF When T-Bills Pay Almost as Much With Zero Rate Risk?

T-bills and REIT ETFs are offering nearly comparable yields, shifting the investment decision from income alone to relative risk exposure. The article highlights that T-bills primarily reflect interest-rate and sovereign-risk dynamics, while REIT ETFs carry real-estate, equity-market, and property-sector downside risk.