BTB-UN.TO vs. PLZ-UN.TO
BTB-UN.TO (BTB Real Estate Investment Trust) and PLZ-UN.TO (Plaza Retail REIT) are both stocks. Both are in the Real Estate sector — BTB-UN.TO in REIT - Diversified, PLZ-UN.TO in REIT - Retail. Over the past 10 years, BTB-UN.TO returned 6.75%/yr vs 5.98%/yr for PLZ-UN.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
BTB-UN.TO vs. PLZ-UN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTB-UN.TO achieves a -5.61% return, which is significantly lower than PLZ-UN.TO's 6.30% return. Over the past 10 years, BTB-UN.TO has outperformed PLZ-UN.TO with an annualized return of 6.75%, while PLZ-UN.TO has yielded a comparatively lower 5.98% annualized return.
BTB-UN.TO
- 1D
- 0.27%
- 1M
- -4.20%
- YTD
- -5.61%
- 6M
- -1.91%
- 1Y
- 11.34%
- 3Y*
- 14.83%
- 5Y*
- 6.66%
- 10Y*
- 6.75%
PLZ-UN.TO
- 1D
- 0.00%
- 1M
- 0.07%
- YTD
- 6.30%
- 6M
- 11.02%
- 1Y
- 23.23%
- 3Y*
- 11.17%
- 5Y*
- 6.89%
- 10Y*
- 5.98%
BTB-UN.TO vs. PLZ-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTB-UN.TO BTB Real Estate Investment Trust | -5.61% | 32.15% | 26.75% | -11.94% | -3.12% | 24.45% | -24.88% | 29.71% | 3.76% | 12.35% |
PLZ-UN.TO Plaza Retail REIT | 6.30% | 30.09% | 3.87% | -11.82% | 1.15% | 39.55% | -14.33% | 25.75% | -2.54% | -9.66% |
Correlation
The correlation between BTB-UN.TO and PLZ-UN.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2006 | 0.17 |
The correlation between BTB-UN.TO and PLZ-UN.TO shifts across timeframes, from 0.17 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BTB-UN.TO:
CA$332.66M
PLZ-UN.TO:
CA$495.47M
BTB-UN.TO:
CA$0.26
PLZ-UN.TO:
CA$0.53
BTB-UN.TO:
14.39
PLZ-UN.TO:
8.44
BTB-UN.TO:
1.29
PLZ-UN.TO:
0.90
BTB-UN.TO:
2.61
PLZ-UN.TO:
3.79
BTB-UN.TO:
0.67
PLZ-UN.TO:
0.87
BTB-UN.TO:
CA$127.69M
PLZ-UN.TO:
CA$130.81M
BTB-UN.TO:
CA$72.80M
PLZ-UN.TO:
CA$84.08M
BTB-UN.TO:
CA$58.10M
PLZ-UN.TO:
CA$91.98M
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Return for Risk
BTB-UN.TO vs. PLZ-UN.TO — Risk / Return Rank
BTB-UN.TO
PLZ-UN.TO
BTB-UN.TO vs. PLZ-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BTB Real Estate Investment Trust (BTB-UN.TO) and Plaza Retail REIT (PLZ-UN.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.
| BTB-UN.TO | PLZ-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 3.12 | -2.19 |
| Martin ratioReturn relative to average drawdown | 2.45 | 8.76 | -6.30 |
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
| BTB-UN.TO | PLZ-UN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.67 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.39 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.30 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.29 | -0.20 |
Drawdowns
BTB-UN.TO vs. PLZ-UN.TO - Drawdown Comparison
The maximum BTB-UN.TO drawdown since its inception was -86.00%, which is greater than PLZ-UN.TO's maximum drawdown of -54.55%. Use the drawdown chart below to compare losses from any high point for BTB-UN.TO and PLZ-UN.TO.
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Drawdown Indicators
| BTB-UN.TO | PLZ-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.00% | -54.55% | -31.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.27% | -7.49% | -5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -12.80% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -27.43% | -26.22% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -57.27% | -42.12% | -15.15% |
Current DrawdownCurrent decline from peak | -10.54% | -1.11% | -9.43% |
Average DrawdownAverage peak-to-trough decline | -34.80% | -12.96% | -21.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 2.66% | +2.35% |
Volatility
BTB-UN.TO vs. PLZ-UN.TO - Volatility Comparison
BTB Real Estate Investment Trust (BTB-UN.TO) has a higher volatility of 6.17% compared to Plaza Retail REIT (PLZ-UN.TO) at 2.40%. This indicates that BTB-UN.TO's price experiences larger fluctuations and is considered to be riskier than PLZ-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTB-UN.TO | PLZ-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 2.40% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 10.43% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 13.96% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 17.70% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.40% | 20.04% | +3.36% |
Dividends
BTB-UN.TO vs. PLZ-UN.TO - Dividend Comparison
BTB-UN.TO's dividend yield for the trailing twelve months is around 8.02%, more than PLZ-UN.TO's 6.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTB-UN.TO BTB Real Estate Investment Trust | 8.02% | 7.33% | 9.82% | 10.24% | 8.22% | 7.35% | 9.63% | 8.12% | 9.66% | 9.15% | 9.40% | 9.52% |
PLZ-UN.TO Plaza Retail REIT | 6.31% | 6.53% | 7.91% | 7.61% | 6.25% | 5.93% | 7.76% | 6.13% | 7.21% | 6.34% | 5.20% | 5.64% |
Financials
BTB-UN.TO vs. PLZ-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between BTB Real Estate Investment Trust and Plaza Retail REIT. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BTB-UN.TO vs. PLZ-UN.TO - Profitability Comparison
BTB-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BTB Real Estate Investment Trust reported a gross profit of 17.74M and revenue of 31.96M. Therefore, the gross margin over that period was 55.5%.
PLZ-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Plaza Retail REIT reported a gross profit of 21.34M and revenue of 33.46M. Therefore, the gross margin over that period was 63.8%.
BTB-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BTB Real Estate Investment Trust reported an operating income of 17.45M and revenue of 31.96M, resulting in an operating margin of 54.6%.
PLZ-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Plaza Retail REIT reported an operating income of 16.70M and revenue of 33.46M, resulting in an operating margin of 49.9%.
BTB-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BTB Real Estate Investment Trust reported a net income of 8.36M and revenue of 31.96M, resulting in a net margin of 26.2%.
PLZ-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Plaza Retail REIT reported a net income of 12.73M and revenue of 33.46M, resulting in a net margin of 38.0%.
Frequently Asked Questions
BTB-UN.TO and PLZ-UN.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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