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Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in Global X Equal Weight Canadian REITs Index Corporate Class ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
HCRE.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.
Returns By Period
Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) has returned 1.35% so far this year and 9.30% over the past 12 months.
Global X Equal Weight Canadian REITs Index Corporate Class ETF
- 1D
- 0.55%
- 1M
- -5.87%
- YTD
- 1.35%
- 6M
- 0.55%
- 1Y
- 9.30%
- 3Y*
- 5.45%
- 5Y*
- 3.93%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.80%
- 1M
- -3.22%
- YTD
- -3.34%
- 6M
- -2.48%
- 1Y
- 12.46%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 12.91%
Monthly Returns
Based on dividend-adjusted daily data since Aug 17, 2009, HCRE.TO's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, your investment would double in approximately 9.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +17.9%, while the worst month was Mar 2020 at -27.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HCRE.TO closed higher 51% of trading days. The best single day was Mar 25, 2020 with a return of +12.8%, while the worst single day was Mar 18, 2020 at -13.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.90% | 1.66% | -5.87% | 1.35% | |||||||||
| 2025 | 0.04% | 2.76% | 1.51% | -2.61% | 7.60% | 0.64% | 0.42% | 1.55% | 1.07% | -2.70% | 1.20% | 0.76% | 12.54% |
| 2024 | 0.32% | -3.01% | 2.24% | -3.81% | -0.88% | 1.06% | 8.45% | 5.42% | 7.53% | -6.53% | 0.22% | -6.06% | 3.71% |
| 2023 | 9.43% | 0.30% | -7.22% | -0.40% | -2.73% | -0.37% | 2.40% | -1.45% | -6.43% | -7.36% | 7.33% | 9.38% | 0.93% |
| 2022 | -3.54% | 2.72% | 3.06% | -3.33% | -6.11% | -11.56% | 6.29% | -1.78% | -9.84% | 2.27% | 7.34% | -2.15% | -17.12% |
| 2021 | -0.05% | 3.61% | 5.22% | 4.13% | 2.02% | 4.86% | 3.75% | 2.25% | -3.46% | 5.65% | -3.84% | 5.85% | 33.69% |
Benchmark Metrics
Global X Equal Weight Canadian REITs Index Corporate Class ETF has an annualized alpha of 3.81%, beta of 0.41, and R² of 0.12 versus S&P 500 Index. Calculated based on daily prices since January 28, 2019.
- This ETF participated in 89.12% of S&P 500 Index downside but only 78.61% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.41 may look defensive, but with R² of 0.12 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.12 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.81%
- Beta
- 0.41
- R²
- 0.12
- Upside Capture
- 78.61%
- Downside Capture
- 89.12%
Expense Ratio
HCRE.TO has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HCRE.TO ranks 34 for risk / return — below 34% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) and compare them to a chosen benchmark (S&P 500 Index).
| HCRE.TO | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.69 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.06 | 1.06 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.14 | -0.23 |
Martin ratioReturn relative to average drawdown | 3.30 | 4.22 | -0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore HCRE.TO risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Equal Weight Canadian REITs Index Corporate Class ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Equal Weight Canadian REITs Index Corporate Class ETF was 43.39%, occurring on Mar 23, 2020. Recovery took 268 trading sessions.
The current Global X Equal Weight Canadian REITs Index Corporate Class ETF drawdown is 6.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.39% | Feb 24, 2020 | 21 | Mar 23, 2020 | 268 | Jun 8, 2021 | 289 |
| -32.87% | Mar 21, 2022 | 309 | Oct 27, 2023 | 499 | Feb 4, 2026 | 808 |
| -7.76% | Feb 6, 2026 | 31 | Mar 23, 2026 | — | — | — |
| -6.54% | Nov 8, 2021 | 16 | Dec 1, 2021 | 54 | Mar 14, 2022 | 70 |
| -4.58% | Oct 10, 2019 | 39 | Jan 2, 2020 | 7 | Jan 16, 2020 | 46 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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