CGR.TO vs. REET
CGR.TO (iShares Global Real Estate Index ETF) and REET (iShares Global REIT ETF) are both REIT funds from iShares - CGR.TO tracks the Morningstar DM REIT NR CAD while REET tracks the FTSE EPRA/NAREIT Global REIT Index. Both are passively managed. Over the past 10 years, CGR.TO returned 4.53%/yr vs 5.51%/yr for REET. A 0.64 correlation means they provide meaningful diversification when combined. CGR.TO charges 0.72%/yr vs 0.14%/yr for REET.
Performance
CGR.TO vs. REET - Performance Comparison
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Different Trading Currencies
CGR.TO is traded in CAD, while REET is traded in USD. To make them comparable, the REET 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 12.85% return, which is significantly lower than REET's 17.26% return. Over the past 10 years, CGR.TO has underperformed REET with an annualized return of 4.53%, while REET has yielded a comparatively higher 5.51% annualized return.
CGR.TO
- 1D
- 0.12%
- 1M
- 2.26%
- YTD
- 12.85%
- 6M
- 13.07%
- 1Y
- 13.65%
- 3Y*
- 13.00%
- 5Y*
- 4.00%
- 10Y*
- 4.53%
REET
- 1D
- 0.76%
- 1M
- 4.61%
- YTD
- 17.26%
- 6M
- 17.10%
- 1Y
- 21.77%
- 3Y*
- 14.21%
- 5Y*
- 5.96%
- 10Y*
- 5.51%
CGR.TO vs. REET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGR.TO iShares Global Real Estate Index ETF | 12.85% | 2.56% | 9.99% | 7.57% | -21.75% | 28.98% | -9.40% | 14.90% | 2.92% | 3.32% |
REET iShares Global REIT ETF | 17.26% | 3.04% | 11.34% | 7.66% | -19.29% | 32.37% | -12.61% | 19.29% | 2.69% | 0.20% |
Correlation
The correlation between CGR.TO and REET is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2014 | 0.64 |
The correlation between CGR.TO and REET has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
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Return for Risk
CGR.TO vs. REET — Risk / Return Rank
CGR.TO
REET
CGR.TO vs. REET - 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 Global REIT ETF (REET). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGR.TO | REET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.78 | -1.34 |
| Martin ratioReturn relative to average drawdown | 4.67 | 8.52 | -3.85 |
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Drawdowns
CGR.TO vs. REET - Drawdown Comparison
The maximum CGR.TO drawdown since its inception was -52.90%, which is greater than REET's maximum drawdown of -39.60%. Use the drawdown chart below to compare losses from any high point for CGR.TO and REET.
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Drawdown Indicators
| CGR.TO | REET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.90% | -39.60% | -13.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -7.87% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -14.40% | -15.39% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -28.77% | -26.50% | -2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -39.60% | +5.89% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.95% | -8.32% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.56% | +0.37% |
Volatility
CGR.TO vs. REET - Volatility Comparison
The current volatility for iShares Global Real Estate Index ETF (CGR.TO) is 3.68%, while iShares Global REIT ETF (REET) has a volatility of 4.76%. This indicates that CGR.TO experiences smaller price fluctuations and is considered to be less risky than REET 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 | REET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 4.76% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 9.66% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 13.08% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.07% | 17.84% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 19.65% | -3.09% |
CGR.TO vs. REET - Expense Ratio Comparison
CGR.TO has a 0.72% expense ratio, which is higher than REET's 0.14% expense ratio.
Dividends
CGR.TO vs. REET - Dividend Comparison
CGR.TO's dividend yield for the trailing twelve months is around 2.21%, less than REET's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGR.TO iShares Global Real Estate Index ETF | 2.21% | 2.51% | 2.52% | 2.59% | 2.40% | 1.70% | 2.22% | 2.10% | 2.54% | 4.25% | 2.83% | 2.97% |
REET iShares Global REIT ETF | 3.34% | 3.67% | 3.64% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% |
Frequently Asked Questions
CGR.TO and REET have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, REET is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
REET is cheaper with a 0.14% expense ratio, compared with 0.72% for CGR.TO.
CGR.TO tracks Morningstar DM REIT NR CAD, while REET tracks FTSE EPRA/NAREIT Global REIT Index. Their fees differ too: 0.72% for CGR.TO and 0.14% for REET.
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