CGR.TO vs. HGR.TO
CGR.TO (iShares Global Real Estate Index ETF) and HGR.TO (Harvest Global REIT Leaders Income ETF) are both REIT funds. CGR.TO is passively managed, while HGR.TO is actively managed. Over the past 5 years, CGR.TO returned 3.60%/yr vs -2.51%/yr for HGR.TO. A 0.57 correlation means they provide meaningful diversification when combined. CGR.TO charges 0.72%/yr vs 0.85%/yr for HGR.TO.
Performance
CGR.TO vs. HGR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CGR.TO achieves a 7.84% return, which is significantly higher than HGR.TO's 5.14% 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%
HGR.TO
- 1D
- -0.56%
- 1M
- 0.28%
- YTD
- 5.14%
- 6M
- 4.47%
- 1Y
- 1.96%
- 3Y*
- 4.60%
- 5Y*
- -2.51%
- 10Y*
- —
CGR.TO vs. HGR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 1.11% |
HGR.TO Harvest Global REIT Leaders Income ETF | 5.14% | -0.91% | 2.46% | 4.01% | -31.59% | 24.87% | -8.27% | 22.05% | -5.71% | 3.95% |
Correlation
The correlation between CGR.TO and HGR.TO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2017 | 0.57 |
The correlation between CGR.TO and HGR.TO shifts across timeframes, from 0.57 (all time) to 0.70 (3 years), reflecting how their relationship changes across market environments.
CGR.TO vs. HGR.TO - Sectors Allocation Comparison
Sectors
CGR.TO
HGR.TO
Real Estate
Financial Services
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Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
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Energy
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Healthcare
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Industrials
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Technology
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Utilities
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Real Estate
CGR.TO
HGR.TO
Financial Services
CGR.TO
HGR.TO
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Basic Materials
CGR.TO
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HGR.TO
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Communication Services
CGR.TO
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HGR.TO
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Consumer Cyclical
CGR.TO
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HGR.TO
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Consumer Defensive
CGR.TO
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HGR.TO
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Energy
CGR.TO
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HGR.TO
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Healthcare
CGR.TO
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HGR.TO
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Industrials
CGR.TO
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HGR.TO
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Technology
CGR.TO
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HGR.TO
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Utilities
CGR.TO
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HGR.TO
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Return for Risk
CGR.TO vs. HGR.TO — Risk / Return Rank
CGR.TO
HGR.TO
CGR.TO vs. HGR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Real Estate Index ETF (CGR.TO) and Harvest Global REIT Leaders Income ETF (HGR.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.
| CGR.TO | HGR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.04 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.24 | +0.70 |
| Martin ratioReturn relative to average drawdown | 3.03 | 0.60 | +2.43 |
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
| CGR.TO | HGR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.15 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.15 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.02 | +0.25 |
Drawdowns
CGR.TO vs. HGR.TO - Drawdown Comparison
The maximum CGR.TO drawdown since its inception was -52.90%, which is greater than HGR.TO's maximum drawdown of -41.33%. Use the drawdown chart below to compare losses from any high point for CGR.TO and HGR.TO.
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Drawdown Indicators
| CGR.TO | HGR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.90% | -41.33% | -11.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -8.05% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -14.40% | -16.37% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.76% | -41.33% | +12.57% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | — | — |
Current DrawdownCurrent decline from peak | -2.99% | -24.33% | +21.34% |
Average DrawdownAverage peak-to-trough decline | -9.98% | -16.82% | +6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.26% | -0.27% |
Volatility
CGR.TO vs. HGR.TO - Volatility Comparison
iShares Global Real Estate Index ETF (CGR.TO) and Harvest Global REIT Leaders Income ETF (HGR.TO) have volatilities of 3.77% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGR.TO | HGR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 3.85% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 10.35% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 13.43% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 16.82% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 18.31% | -1.75% |
CGR.TO vs. HGR.TO - Expense Ratio Comparison
CGR.TO has a 0.72% expense ratio, which is lower than HGR.TO's 0.85% expense ratio.
Dividends
CGR.TO vs. HGR.TO - Dividend Comparison
CGR.TO's dividend yield for the trailing twelve months is around 2.33%, less than HGR.TO's 10.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGR.TO iShares Global Real Estate Index ETF | 2.33% | 2.51% | 2.52% | 2.59% | 2.40% | 1.70% | 2.22% | 2.10% | 2.54% | 4.25% | 2.83% | 2.97% |
HGR.TO Harvest Global REIT Leaders Income ETF | 10.27% | 10.35% | 9.32% | 8.72% | 8.30% | 5.28% | 6.22% | 5.36% | 6.19% | 2.75% | 0.00% | 0.00% |
Frequently Asked Questions
CGR.TO and HGR.TO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGR.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGR.TO is cheaper with a 0.72% expense ratio, compared with 0.85% for HGR.TO.
They also come from different issuers: iShares and Harvest. Their fees differ too: 0.72% for CGR.TO and 0.85% for HGR.TO.
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