MREL.TO Alternatives & Similar ETFs

Middlefield Real Estate Dividend ETF (MREL.TO) belongs to the REIT category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MREL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MREL.TO

Among 7 ETFs in the REIT category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.30%.

Symbol	Name	Expense Ratio	AUM	Inception
HCRE.TO	Global X Equal Weight Canadian REITs Index Corpora...	0.30%	52.44M	Jan 2019	MREL.TO vs HCRE.TO
VRE.TO	Vanguard FTSE Canadian Capped REIT Index ETF	0.30%	288.31M	Nov 2012	MREL.TO vs VRE.TO
XRE.TO	iShares S&P/TSX Capped REIT Index ETF	0.60%	1.20B	Oct 2002	MREL.TO vs XRE.TO
ZRE.TO	BMO Equal Weight REITs Index ETF	0.61%	652.08M	May 2010	MREL.TO vs ZRE.TO
CGR.TO	iShares Global Real Estate Index ETF	0.72%	293.73M	Aug 2008	MREL.TO vs CGR.TO

Best Risk-Adjusted Alternatives to MREL.TO

MREL.TO has a PortfoliosLab risk / return rank of 62. No ETFs in the REIT category have higher risk-adjusted ranks; the top alternatives shown here go as high as 45.

Symbol	Name	Risk / Return Rank	AUM	Inception
REIT.TO	Global X Equal Weight Canadian REITs Index ETF	45	4.30M	Apr 2025	MREL.TO vs REIT.TO
RIT.TO	CI Canadian REIT ETF	43	431.09M	Nov 2004	MREL.TO vs RIT.TO
CGRE.TO	CI Global REIT Private Pool	43	47.46M	May 2020	MREL.TO vs CGRE.TO
HCRE.TO	Global X Equal Weight Canadian REITs Index Corpora...	42	52.44M	Jan 2019	MREL.TO vs HCRE.TO
ZRE.TO	BMO Equal Weight REITs Index ETF	41	652.08M	May 2010	MREL.TO vs ZRE.TO

Top Performing MREL.TO Alternatives (YTD)

MREL.TO is at 15.32% YTD. No ETFs in the REIT category have higher YTD returns; the top-performing alternatives shown here go as high as 14.43%.

Symbol	Name	YTD Return	AUM	Inception
REIT.TO	Global X Equal Weight Canadian REITs Index ETF	14.43%	4.30M	Apr 2025	MREL.TO vs REIT.TO
HCRE.TO	Global X Equal Weight Canadian REITs Index Corpora...	14.39%	52.44M	Jan 2019	MREL.TO vs HCRE.TO
ZRE.TO	BMO Equal Weight REITs Index ETF	14.29%	652.08M	May 2010	MREL.TO vs ZRE.TO
XRE.TO	iShares S&P/TSX Capped REIT Index ETF	14.29%	1.20B	Oct 2002	MREL.TO vs XRE.TO
CGRE.TO	CI Global REIT Private Pool	13.94%	47.46M	May 2020	MREL.TO vs CGRE.TO

Lowest Volatility Alternatives to MREL.TO

MREL.TO has 12.80% 1-year volatility. There are 6 ETFs in the REIT category with lower 1-year volatility, going as low as 10.62%.

Symbol	Name	Volatility 1Y	AUM	Inception
RIT.TO	CI Canadian REIT ETF	10.62%	431.09M	Nov 2004	MREL.TO vs RIT.TO
ZRE.TO	BMO Equal Weight REITs Index ETF	11.18%	652.08M	May 2010	MREL.TO vs ZRE.TO
XRE.TO	iShares S&P/TSX Capped REIT Index ETF	11.62%	1.20B	Oct 2002	MREL.TO vs XRE.TO
HCRE.TO	Global X Equal Weight Canadian REITs Index Corpora...	12.00%	52.44M	Jan 2019	MREL.TO vs HCRE.TO
CGRE.TO	CI Global REIT Private Pool	12.01%	47.46M	May 2020	MREL.TO vs CGRE.TO

Lowest Drawdown Alternatives to MREL.TO

MREL.TO has a 1-year max drawdown of -7.59%. There are 4 ETFs in the REIT category with shallower 1-year drawdowns, going as shallow as -7.07%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ZRE.TO	BMO Equal Weight REITs Index ETF	-7.07%	652.08M	May 2010	MREL.TO vs ZRE.TO
REIT.TO	Global X Equal Weight Canadian REITs Index ETF	-7.19%	4.30M	Apr 2025	MREL.TO vs REIT.TO
RIT.TO	CI Canadian REIT ETF	-7.21%	431.09M	Nov 2004	MREL.TO vs RIT.TO
XRE.TO	iShares S&P/TSX Capped REIT Index ETF	-7.51%	1.20B	Oct 2002	MREL.TO vs XRE.TO
HCRE.TO	Global X Equal Weight Canadian REITs Index Corpora...	-7.76%	52.44M	Jan 2019	MREL.TO vs HCRE.TO

Often Compared With MREL.TO

Investors most often compare MREL.TO with RMAX.TO, HGR.TO, XIC.TO. These 3 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
RMAX.TO	Hamilton REITs YIELD MAXIMIZER ETF	REIT	37	12.16%	158.40M	—	MREL.TO vs RMAX.TO
HGR.TO	Harvest Global REIT Leaders Income ETF	REIT, Derivative Income	15	8.00%	33.68M	Jun 2017	MREL.TO vs HGR.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.97%	31.16B	Feb 2001	MREL.TO vs XIC.TO

Compare MREL.TO with Any Fund or Stock

Compare MREL.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair MREL.TO with funds that move differently

Middlefield Real Estate Dividend ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MREL.TO.

Explore MREL.TO Diversifiers

Middlefield Real Estate Dividend ETF (MREL.TO) Alternatives