BGRT.NEO vs. MREL.TO
BGRT.NEO (BMO Global REIT Fund Active ETF Series) and MREL.TO (Middlefield Real Estate Dividend ETF) are both REIT funds. Both are actively managed. Over the past year, BGRT.NEO returned 6.97% vs 14.93% for MREL.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
BGRT.NEO vs. MREL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGRT.NEO achieves a 6.70% return, which is significantly lower than MREL.TO's 8.56% return.
BGRT.NEO
- 1D
- 0.00%
- 1M
- -0.56%
- YTD
- 6.70%
- 6M
- 5.55%
- 1Y
- 6.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MREL.TO
- 1D
- -0.30%
- 1M
- 0.56%
- YTD
- 8.56%
- 6M
- 8.95%
- 1Y
- 14.93%
- 3Y*
- 11.21%
- 5Y*
- 5.94%
- 10Y*
- 7.28%
BGRT.NEO vs. MREL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BGRT.NEO BMO Global REIT Fund Active ETF Series | 6.70% | 1.51% | 5.79% | 8.18% |
MREL.TO Middlefield Real Estate Dividend ETF | 8.56% | 13.13% | 6.12% | 8.80% |
Correlation
The correlation between BGRT.NEO and MREL.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.21 |
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Return for Risk
BGRT.NEO vs. MREL.TO — Risk / Return Rank
BGRT.NEO
MREL.TO
BGRT.NEO vs. MREL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Global REIT Fund Active ETF Series (BGRT.NEO) and Middlefield Real Estate Dividend ETF (MREL.TO). 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.
| BGRT.NEO | MREL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.98 | -0.84 |
| Martin ratioReturn relative to average drawdown | 3.09 | 7.94 | -4.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BGRT.NEO | MREL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.16 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.39 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.57 | -0.03 |
Drawdowns
BGRT.NEO vs. MREL.TO - Drawdown Comparison
The maximum BGRT.NEO drawdown since its inception was -16.06%, smaller than the maximum MREL.TO drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for BGRT.NEO and MREL.TO.
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Drawdown Indicators
| BGRT.NEO | MREL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -35.00% | +18.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -7.59% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -2.24% | -1.45% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -6.55% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.89% | +0.37% |
Volatility
BGRT.NEO vs. MREL.TO - Volatility Comparison
The current volatility for BMO Global REIT Fund Active ETF Series (BGRT.NEO) is 2.59%, while Middlefield Real Estate Dividend ETF (MREL.TO) has a volatility of 3.40%. This indicates that BGRT.NEO experiences smaller price fluctuations and is considered to be less risky than MREL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGRT.NEO | MREL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 3.40% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 9.06% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 12.93% | -3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 15.14% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.17% | 15.46% | -1.29% |
Dividends
BGRT.NEO vs. MREL.TO - Dividend Comparison
BGRT.NEO's dividend yield for the trailing twelve months is around 3.94%, less than MREL.TO's 6.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRT.NEO BMO Global REIT Fund Active ETF Series | 3.94% | 4.14% | 4.03% | 1.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MREL.TO Middlefield Real Estate Dividend ETF | 6.79% | 7.16% | 7.53% | 7.42% | 8.66% | 5.43% | 6.97% | 6.06% | 6.29% | 6.27% | 6.50% | 6.35% |
Frequently Asked Questions
BGRT.NEO and MREL.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and Middlefield.
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