PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CGR.TO vs. IYR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CGR.TO vs. IYR

Last updated Jun 4, 2026

CGR.TO (iShares Global Real Estate Index ETF) and IYR (iShares U.S. Real Estate ETF) are both REIT funds from iShares - CGR.TO tracks the Morningstar DM REIT NR CAD while IYR tracks the Dow Jones U.S. Real Estate Index. Both are passively managed. Over the past 10 years, CGR.TO returned 3.96%/yr vs 6.23%/yr for IYR. A 0.70 correlation means they provide meaningful diversification when combined. CGR.TO charges 0.72%/yr vs 0.42%/yr for IYR.

Performance

CGR.TO vs. IYR - 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 iShares U.S. Real Estate ETF (IYR). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with CGR.TO having a 7.84% return and IYR slightly higher at 8.17%. Over the past 10 years, CGR.TO has underperformed IYR with an annualized return of 3.96%, while IYR has yielded a comparatively higher 6.23% 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%

IYR

1D
0.42%
1M
0.36%
YTD
8.17%
6M
5.26%
1Y
9.84%
3Y*
9.95%
5Y*
4.94%
10Y*
6.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CGR.TO vs. IYR - 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%
IYR
iShares U.S. Real Estate ETF		8.17%-1.36%13.38%9.43%-20.21%37.49%-6.83%21.90%3.78%2.35%

Correlation

The correlation between CGR.TO and IYR is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.84

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

0.86

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

0.83

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

0.79

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

0.70

The correlation between CGR.TO and IYR shifts across timeframes, from 0.70 (all time) to 0.86 (3 years), reflecting how their relationship changes across market environments.

CGR.TO vs. IYR - Sectors Allocation Comparison

Sectors
CGR.TO
IYR

Real Estate

100.0%
97.9%

Financial Services

0.0%

-

Basic Materials

-

1.3%

Communication Services

-

0.6%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

CGR.TO
100.0%
IYR
97.9%

Financial Services

CGR.TO
0.0%
IYR

-

Basic Materials

CGR.TO

-

IYR
1.3%

Communication Services

CGR.TO

-

IYR
0.6%

Consumer Cyclical

CGR.TO

-

IYR

-

Consumer Defensive

CGR.TO

-

IYR

-

Energy

CGR.TO

-

IYR

-

Healthcare

CGR.TO

-

IYR

-

Industrials

CGR.TO

-

IYR

-

Technology

CGR.TO

-

IYR

-

Utilities

CGR.TO

-

IYR

-

Compare stocks, funds, or ETFs

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

iShares Global Real Estate Index ETF

iShares U.S. Real Estate ETF

Often compared with CGR.TO:
CGR.TO vs. XRE.TOCGR.TO vs. REETCGR.TO vs. RS.TOCGR.TO vs. VFV.TOCGR.TO vs. ^GSPCCGR.TO vs. VCRCGR.TO vs. VNQI
Often compared with IYR:
IYR vs. VNQIYR vs. XLREIYR vs. VOOIYR vs. REZIYR vs. ICFIYR vs. REMIYR vs. FRI

Return for Risk

CGR.TO vs. IYR — 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
IYR
IYR Risk / Return Rank: 2020
Overall Rank
IYR Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IYR Sortino Ratio Rank: 1818
Sortino Ratio Rank
IYR Omega Ratio Rank: 1818
Omega Ratio Rank
IYR Calmar Ratio Rank: 2121
Calmar Ratio Rank
IYR Martin Ratio Rank: 2424
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. IYR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Real Estate Index ETF (CGR.TO) and iShares U.S. Real Estate ETF (IYR). 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.TOIYRDifference
Sharpe ratioReturn per unit of total volatility
0.72
0.75

-0.03

Sortino ratioReturn per unit of downside risk
1.08
1.09

0.00

Omega ratioGain probability vs. loss probability

1.14

1.14

0.00

Calmar ratioReturn relative to maximum drawdown

0.95

1.34

-0.39

Martin ratioReturn relative to average drawdown

3.03

3.44

-0.42

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. IYR - Sharpe Ratio Comparison

The current CGR.TO Sharpe Ratio is 0.72, which is comparable to the IYR Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of CGR.TO and IYR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

CGR.TOIYRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

0.75

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

0.30

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.24

0.34

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.66

-0.39

Drawdowns

CGR.TO vs. IYR - Drawdown Comparison

The maximum CGR.TO drawdown since its inception was -52.90%, which is greater than IYR's maximum drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for CGR.TO and IYR.

Loading charts...

Drawdown Indicators

CGR.TOIYRDifference

Max Drawdown

Largest peak-to-trough decline

-52.90%

-36.91%

-15.99%

Max Drawdown (1Y)

Largest decline over 1 year

-9.55%

-7.40%

-2.15%

Max Drawdown (3Y)

Largest decline over 3 years

-14.40%

-15.55%

+1.15%

Max Drawdown (5Y)

Largest decline over 5 years

-28.76%

-28.13%

-0.63%

Max Drawdown (10Y)

Largest decline over 10 years

-33.71%

-36.91%

+3.20%

Current Drawdown

Current decline from peak

-2.99%

-2.44%

-0.55%

Average Drawdown

Average peak-to-trough decline

-9.98%

-6.89%

-3.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

2.86%

+0.13%

Volatility

CGR.TO vs. IYR - Volatility Comparison

iShares Global Real Estate Index ETF (CGR.TO) and iShares U.S. Real Estate ETF (IYR) have volatilities of 3.77% and 3.78%, 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.

Loading charts...

Volatility by Period

CGR.TOIYRDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.77%

3.78%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

9.87%

9.63%

+0.24%

Volatility (1Y)

Calculated over the trailing 1-year period

12.51%

13.14%

-0.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.01%

16.80%

-1.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.56%

18.65%

-2.09%

CGR.TO vs. IYR - Expense Ratio Comparison

CGR.TO has a 0.72% expense ratio, which is higher than IYR's 0.42% expense ratio.

Dividends

CGR.TO vs. IYR - Dividend Comparison

CGR.TO's dividend yield for the trailing twelve months is around 2.33%, more than IYR's 2.25% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IYR
iShares U.S. Real Estate ETF		2.25%2.48%2.57%2.75%2.92%2.06%2.58%3.05%3.53%3.73%4.41%3.92%

Frequently Asked Questions

CGR.TO and IYR have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IYR is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IYR is cheaper with a 0.42% expense ratio, compared with 0.72% for CGR.TO.

CGR.TO tracks Morningstar DM REIT NR CAD, while IYR tracks Dow Jones U.S. Real Estate Index. Their fees differ too: 0.72% for CGR.TO and 0.42% for IYR.

Portfolio Optimizer

Find the right allocation for CGR.TO and IYR

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer