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PMZ-UN.TO vs. VUAA.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PMZ-UN.TO vs. VUAA.DE

Last updated Jun 5, 2026

PMZ-UN.TO (Primaris Real Estate Investment Trust) is a stock, while VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, PMZ-UN.TO returned 21.25%/yr vs 23.50%/yr for VUAA.DE. At a 0.21 correlation, their price movements are largely independent.

Performance

PMZ-UN.TO vs. VUAA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Primaris Real Estate Investment Trust (PMZ-UN.TO) and Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

PMZ-UN.TO is traded in CAD, while VUAA.DE is traded in EUR. To make them comparable, the VUAA.DE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PMZ-UN.TO achieves a 27.78% return, which is significantly higher than VUAA.DE's 11.86% return.

PMZ-UN.TO

1D
0.26%
1M
2.96%
YTD
27.78%
6M
33.88%
1Y
36.33%
3Y*
21.25%
5Y*
—
10Y*
—

VUAA.DE

1D
0.10%
1M
6.75%
YTD
11.86%
6M
10.76%
1Y
29.97%
3Y*
23.50%
5Y*
16.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PMZ-UN.TO vs. VUAA.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022
PMZ-UN.TO
Primaris Real Estate Investment Trust		27.78%6.74%18.91%0.18%23.56%
VUAA.DE
Vanguard S&P 500 UCITS USD Acc ETF		11.82%12.76%35.23%23.61%-13.74%

Correlation

The correlation between PMZ-UN.TO and VUAA.DE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Jan 6, 2022

0.21

The correlation between PMZ-UN.TO and VUAA.DE shifts across timeframes, from 0.09 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

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Primaris Real Estate Investment Trust

Vanguard S&P 500 UCITS USD Acc ETF

Often compared with PMZ-UN.TO:
PMZ-UN.TO vs. BEP-UN.TOPMZ-UN.TO vs. VFV.TOPMZ-UN.TO vs. SRU-UN.TOPMZ-UN.TO vs. REI-UN.TOPMZ-UN.TO vs. Vuaa.de
Often compared with VUAA.DE:
VUAA.DE vs. VOOVUAA.DE vs. SXR8.DEVUAA.DE vs. VWCG.DEVUAA.DE vs. VNRA.DEVUAA.DE vs. BRK-BVUAA.DE vs. SWRD.ASVUAA.DE vs. 6AQQ.DE

Return for Risk

PMZ-UN.TO vs. VUAA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PMZ-UN.TO
PMZ-UN.TO Risk / Return Rank: 9090
Overall Rank
PMZ-UN.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
PMZ-UN.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
PMZ-UN.TO Omega Ratio Rank: 8989
Omega Ratio Rank
PMZ-UN.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
PMZ-UN.TO Martin Ratio Rank: 9191
Martin Ratio Rank
VUAA.DE
VUAA.DE Risk / Return Rank: 6969
Overall Rank
VUAA.DE Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VUAA.DE Sortino Ratio Rank: 6666
Sortino Ratio Rank
VUAA.DE Omega Ratio Rank: 7070
Omega Ratio Rank
VUAA.DE Calmar Ratio Rank: 7373
Calmar Ratio Rank
VUAA.DE Martin Ratio Rank: 7070
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PMZ-UN.TO vs. VUAA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Primaris Real Estate Investment Trust (PMZ-UN.TO) and Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

PMZ-UN.TOVUAA.DEDifference
Sharpe ratioReturn per unit of total volatility
2.37
2.55

-0.18

Sortino ratioReturn per unit of downside risk
3.30
3.50

-0.20

Omega ratioGain probability vs. loss probability

1.42

1.46

-0.05

Calmar ratioReturn relative to maximum drawdown

4.83

3.77

+1.06

Martin ratioReturn relative to average drawdown

13.23

13.69

-0.47

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PMZ-UN.TO vs. VUAA.DE - Sharpe Ratio Comparison

The current PMZ-UN.TO Sharpe Ratio is 2.37, which is comparable to the VUAA.DE Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of PMZ-UN.TO and VUAA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PMZ-UN.TOVUAA.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.37

2.55

-0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.15

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.97

-0.19

Drawdowns

PMZ-UN.TO vs. VUAA.DE - Drawdown Comparison

The maximum PMZ-UN.TO drawdown since its inception was -23.45%, smaller than the maximum VUAA.DE drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for PMZ-UN.TO and VUAA.DE.

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Drawdown Indicators

PMZ-UN.TOVUAA.DEDifference

Max Drawdown

Largest peak-to-trough decline

-23.45%

-27.80%

+4.35%

Max Drawdown (1Y)

Largest decline over 1 year

-7.67%

-7.92%

+0.25%

Max Drawdown (3Y)

Largest decline over 3 years

-14.07%

-21.26%

+7.19%

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.67%

—

Current Drawdown

Current decline from peak

-0.91%

-0.10%

-0.81%

Average Drawdown

Average peak-to-trough decline

-7.55%

-4.68%

-2.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

2.18%

+0.62%

Volatility

PMZ-UN.TO vs. VUAA.DE - Volatility Comparison

Primaris Real Estate Investment Trust (PMZ-UN.TO) has a higher volatility of 4.63% compared to Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) at 2.74%. This indicates that PMZ-UN.TO's price experiences larger fluctuations and is considered to be riskier than VUAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PMZ-UN.TOVUAA.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.63%

2.74%

+1.89%

Volatility (6M)

Calculated over the trailing 6-month period

11.88%

7.89%

+3.99%

Volatility (1Y)

Calculated over the trailing 1-year period

15.70%

11.68%

+4.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.16%

14.53%

+7.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.16%

16.58%

+5.58%

Dividends

PMZ-UN.TO vs. VUAA.DE - Dividend Comparison

PMZ-UN.TO's dividend yield for the trailing twelve months is around 4.46%, while VUAA.DE has not paid dividends to shareholders.

PositionTTM2025202420232022
PMZ-UN.TO
Primaris Real Estate Investment Trust		4.46%5.55%5.44%5.93%5.50%
VUAA.DE
Vanguard S&P 500 UCITS USD Acc ETF		0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PMZ-UN.TO and VUAA.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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