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CGR.TO vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

CGR.TO vs. ^GSPC

Last updated Jun 4, 2026

CGR.TO (iShares Global Real Estate Index ETF) is REIT fund tracking the Morningstar DM REIT NR CAD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CGR.TO returned 3.96%/yr vs 14.52%/yr for ^GSPC. At a 0.49 correlation, their price movements are largely independent.

Performance

CGR.TO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Real Estate Index ETF (CGR.TO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CGR.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CGR.TO achieves a 7.84% return, which is significantly lower than ^GSPC's 12.12% return. Over the past 10 years, CGR.TO has underperformed ^GSPC with an annualized return of 3.96%, while ^GSPC has yielded a comparatively higher 14.52% annualized return.

CGR.TO

1D
-0.12%
1M
-0.61%
YTD
7.84%
6M
6.09%
1Y
9.02%
3Y*
9.97%
5Y*
3.60%
10Y*
3.96%

^GSPC

1D
0.00%
1M
7.35%
YTD
12.12%
6M
10.22%
1Y
28.58%
3Y*
22.37%
5Y*
15.58%
10Y*
14.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CGR.TO vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CGR.TO
iShares Global Real Estate Index ETF		7.84%2.56%9.99%7.58%-21.75%28.98%-9.40%14.90%2.92%3.32%
^GSPC
S&P 500 Index		11.75%11.05%33.90%21.49%-13.70%25.75%14.29%22.54%1.71%11.82%

Correlation

The correlation between CGR.TO and ^GSPC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

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

0.37

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

0.44

Correlation (10Y)
Calculated over the trailing 10-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2009

0.49

The correlation between CGR.TO and ^GSPC shifts across timeframes, from 0.29 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares Global Real Estate Index ETF

S&P 500 Index

Often compared with CGR.TO:
CGR.TO vs. XRE.TOCGR.TO vs. REETCGR.TO vs. RS.TOCGR.TO vs. VFV.TOCGR.TO vs. VCRCGR.TO vs. VNQICGR.TO vs. SRU-UN.TO
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

CGR.TO vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CGR.TO
CGR.TO Risk / Return Rank: 2121
Overall Rank
CGR.TO Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
CGR.TO Sortino Ratio Rank: 2020
Sortino Ratio Rank
CGR.TO Omega Ratio Rank: 2020
Omega Ratio Rank
CGR.TO Calmar Ratio Rank: 2222
Calmar Ratio Rank
CGR.TO Martin Ratio Rank: 2424
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 7373
Overall Rank
^GSPC Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7171
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7272
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 6767
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8181
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.

CGR.TO vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Real Estate Index ETF (CGR.TO) and S&P 500 Index (^GSPC). 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.

CGR.TO^GSPCDifference
Sharpe ratioReturn per unit of total volatility
0.72
2.46

-1.73

Sortino ratioReturn per unit of downside risk
1.08
3.32

-2.24

Omega ratioGain probability vs. loss probability

1.14

1.47

-0.33

Calmar ratioReturn relative to maximum drawdown

0.95

3.24

-2.29

Martin ratioReturn relative to average drawdown

3.03

12.23

-9.20

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

CGR.TO vs. ^GSPC - Sharpe Ratio Comparison

The current CGR.TO Sharpe Ratio is 0.72, which is lower than the ^GSPC Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of CGR.TO and ^GSPC, 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

CGR.TO^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

2.46

-1.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

1.05

-0.80

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.24

0.89

-0.65

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.99

-0.71

Drawdowns

CGR.TO vs. ^GSPC - Drawdown Comparison

The maximum CGR.TO drawdown since its inception was -52.90%, which is greater than ^GSPC's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for CGR.TO and ^GSPC.

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Drawdown Indicators

CGR.TO^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-52.90%

-27.59%

-25.31%

Max Drawdown (1Y)

Largest decline over 1 year

-9.55%

-8.86%

-0.69%

Max Drawdown (3Y)

Largest decline over 3 years

-14.40%

-19.23%

+4.83%

Max Drawdown (5Y)

Largest decline over 5 years

-28.76%

-22.60%

-6.16%

Max Drawdown (10Y)

Largest decline over 10 years

-33.71%

-27.59%

-6.12%

Current Drawdown

Current decline from peak

-2.99%

0.00%

-2.99%

Average Drawdown

Average peak-to-trough decline

-9.98%

-3.51%

-6.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

2.34%

+0.65%

Volatility

CGR.TO vs. ^GSPC - Volatility Comparison

iShares Global Real Estate Index ETF (CGR.TO) has a higher volatility of 3.77% compared to S&P 500 Index (^GSPC) at 2.69%. This indicates that CGR.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CGR.TO^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.77%

2.69%

+1.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.87%

8.85%

+1.02%

Volatility (1Y)

Calculated over the trailing 1-year period

12.51%

11.70%

+0.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.01%

14.99%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.56%

16.33%

+0.23%

Frequently Asked Questions

CGR.TO and ^GSPC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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