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CAR-UN.TO vs. GGRO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CAR-UN.TO vs. GGRO.TO

Last updated Jun 5, 2026

CAR-UN.TO (Canadian Apartment Properties Real Estate Investment Trust) is a stock, while GGRO.TO (iShares ESG Growth ETF Portfolio) is Diversified Portfolio fund actively managed by iShares. Over the past 5 years, CAR-UN.TO returned -5.53%/yr vs 11.20%/yr for GGRO.TO. At a 0.35 correlation, their price movements are largely independent.

Performance

CAR-UN.TO vs. GGRO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) and iShares ESG Growth ETF Portfolio (GGRO.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CAR-UN.TO achieves a -5.50% return, which is significantly lower than GGRO.TO's 11.48% return.

CAR-UN.TO

1D
0.35%
1M
-5.98%
YTD
-5.50%
6M
-5.29%
1Y
-19.33%
3Y*
-7.51%
5Y*
-5.53%
10Y*
4.79%

GGRO.TO

1D
-0.04%
1M
6.33%
YTD
11.48%
6M
8.73%
1Y
22.29%
3Y*
18.93%
5Y*
11.20%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CAR-UN.TO vs. GGRO.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
CAR-UN.TO
Canadian Apartment Properties Real Estate Investment Trust		-5.50%-10.17%-6.48%19.26%-26.56%22.96%15.40%
GGRO.TO
iShares ESG Growth ETF Portfolio		11.48%14.24%20.48%19.18%-14.11%15.52%7.20%

Correlation

The correlation between CAR-UN.TO and GGRO.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.19

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

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2020

0.35

The correlation between CAR-UN.TO and GGRO.TO shifts across timeframes, from 0.19 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Canadian Apartment Properties Real Estate Investment Trust

iShares ESG Growth ETF Portfolio

Often compared with CAR-UN.TO:
CAR-UN.TO vs. KMP-UN.TOCAR-UN.TO vs. SRU-UN.TOCAR-UN.TO vs. BEI-UN.TOCAR-UN.TO vs. AP-UN.TOCAR-UN.TO vs. GWO.TOCAR-UN.TO vs. ^GSPCCAR-UN.TO vs. VFV.TO
Often compared with GGRO.TO:
GGRO.TO vs. VGRO.TOGGRO.TO vs. VFV.TOGGRO.TO vs. XEQT.TOGGRO.TO vs. GEQT.TOGGRO.TO vs. ESGGGGRO.TO vs. GBAL.TOGGRO.TO vs. ESG

Return for Risk

CAR-UN.TO vs. GGRO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CAR-UN.TO
CAR-UN.TO Risk / Return Rank: 88
Overall Rank
CAR-UN.TO Sharpe Ratio Rank: 33
Sharpe Ratio Rank
CAR-UN.TO Sortino Ratio Rank: 66
Sortino Ratio Rank
CAR-UN.TO Omega Ratio Rank: 88
Omega Ratio Rank
CAR-UN.TO Calmar Ratio Rank: 1313
Calmar Ratio Rank
CAR-UN.TO Martin Ratio Rank: 1111
Martin Ratio Rank
GGRO.TO
GGRO.TO Risk / Return Rank: 5959
Overall Rank
GGRO.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
GGRO.TO Sortino Ratio Rank: 5555
Sortino Ratio Rank
GGRO.TO Omega Ratio Rank: 5858
Omega Ratio Rank
GGRO.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
GGRO.TO Martin Ratio Rank: 6565
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.

CAR-UN.TO vs. GGRO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) and iShares ESG Growth ETF Portfolio (GGRO.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.

CAR-UN.TOGGRO.TODifference
Sharpe ratioReturn per unit of total volatility
-1.12
1.88

-3.00

Sortino ratioReturn per unit of downside risk
-1.50
2.61

-4.11

Omega ratioGain probability vs. loss probability

0.83

1.35

-0.52

Calmar ratioReturn relative to maximum drawdown

-0.77

2.89

-3.66

Martin ratioReturn relative to average drawdown

-1.31

11.66

-12.96

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

CAR-UN.TO vs. GGRO.TO - Sharpe Ratio Comparison

The current CAR-UN.TO Sharpe Ratio is -1.12, which is lower than the GGRO.TO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of CAR-UN.TO and GGRO.TO, 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

CAR-UN.TOGGRO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.12

1.88

-3.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.26

0.96

-1.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.23

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

1.07

-0.95

Drawdowns

CAR-UN.TO vs. GGRO.TO - Drawdown Comparison

The maximum CAR-UN.TO drawdown since its inception was -41.12%, which is greater than GGRO.TO's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for CAR-UN.TO and GGRO.TO.

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Drawdown Indicators

CAR-UN.TOGGRO.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.12%

-22.13%

-18.99%

Max Drawdown (1Y)

Largest decline over 1 year

-25.08%

-7.74%

-17.34%

Max Drawdown (3Y)

Largest decline over 3 years

-34.90%

-13.78%

-21.12%

Max Drawdown (5Y)

Largest decline over 5 years

-34.95%

-22.13%

-12.82%

Max Drawdown (10Y)

Largest decline over 10 years

-38.20%

—

—

Current Drawdown

Current decline from peak

-32.96%

-0.66%

-32.30%

Average Drawdown

Average peak-to-trough decline

-9.24%

-4.96%

-4.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.80%

1.92%

+12.88%

Volatility

CAR-UN.TO vs. GGRO.TO - Volatility Comparison

Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) has a higher volatility of 6.82% compared to iShares ESG Growth ETF Portfolio (GGRO.TO) at 3.84%. This indicates that CAR-UN.TO's price experiences larger fluctuations and is considered to be riskier than GGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CAR-UN.TOGGRO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.82%

3.84%

+2.98%

Volatility (6M)

Calculated over the trailing 6-month period

12.81%

9.82%

+2.99%

Volatility (1Y)

Calculated over the trailing 1-year period

17.29%

11.91%

+5.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.16%

11.76%

+9.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.06%

11.57%

+9.49%

Dividends

CAR-UN.TO vs. GGRO.TO - Dividend Comparison

CAR-UN.TO's dividend yield for the trailing twelve months is around 4.53%, more than GGRO.TO's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
CAR-UN.TO
Canadian Apartment Properties Real Estate Investment Trust		4.53%4.19%7.00%4.12%3.40%2.35%2.76%2.59%2.96%3.42%3.95%4.50%
GGRO.TO
iShares ESG Growth ETF Portfolio		1.38%1.51%1.62%1.89%1.69%1.43%0.83%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CAR-UN.TO and GGRO.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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