CGR.TO vs. REET

Last updated Jun 4, 2026

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 3.96%/yr vs 4.74%/yr for REET. Their correlation of 0.81 suggests significant overlap in exposure. CGR.TO charges 0.72%/yr vs 0.14%/yr for REET.

Performance

CGR.TO vs. REET - 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 Global REIT ETF (REET). The values are adjusted to include any dividend payments, if applicable.

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 7.84% return, which is significantly lower than REET's 9.44% return. Over the past 10 years, CGR.TO has underperformed REET with an annualized return of 3.96%, while REET has yielded a comparatively higher 4.74% 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%

REET

• 1D: 0.26%
• 1M: 1.24%
• YTD: 9.44%
• 6M: 7.27%
• 1Y: 13.69%
• 3Y*: 10.46%
• 5Y*: 5.14%
• 10Y*: 4.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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	7.84%	2.56%	9.99%	7.58%	-21.75%	28.98%	-9.40%	14.90%	2.92%	3.32%
REET iShares Global REIT ETF	9.44%	3.02%	11.47%	7.85%	-18.69%	31.24%	-12.00%	18.30%	2.76%	0.63%

Correlation

The correlation between CGR.TO and REET 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	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jul 11, 2014	0.81

The correlation between CGR.TO and REET has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

CGR.TO vs. REET - Sectors Allocation Comparison

Sectors	CGR.TO	REET
Real Estate	100.0%	99.8%
Financial Services	0.0%	0.2%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

CGR.TO vs. REET — 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: 21
CGR.TO Sharpe Ratio Rank: 21
CGR.TO Sortino Ratio Rank: 20
CGR.TO Omega Ratio Rank: 20
CGR.TO Calmar Ratio Rank: 22
CGR.TO Martin Ratio Rank: 24

REET

REET Risk / Return Rank: 28
REET Sharpe Ratio Rank: 27
REET Sortino Ratio Rank: 26
REET Omega Ratio Rank: 27
REET Calmar Ratio Rank: 28
REET Martin Ratio Rank: 32

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. 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.

	CGR.TO	REET	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.16	-0.44
Sortino ratio: Return per unit of downside risk	1.08	1.61	-0.52
Omega ratio: Gain probability vs. loss probability	1.14	1.21	-0.07
Calmar ratio: Return relative to maximum drawdown	0.95	1.75	-0.81
Martin ratio: Return relative to average drawdown	3.03	5.32	-2.30
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. REET - Sharpe Ratio Comparison

The current CGR.TO Sharpe Ratio is 0.72, which is lower than the REET Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of CGR.TO and REET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGR.TO	REET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	1.16	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.35	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.28	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.42	-0.14

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 -39.42%. Use the drawdown chart below to compare losses from any high point for CGR.TO and REET.

Drawdown Indicators

	CGR.TO	REET	Difference
Max Drawdown Largest peak-to-trough decline	-52.90%	-39.42%	-13.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-7.83%	-1.72%
Max Drawdown (3Y) Largest decline over 3 years	-14.40%	-15.08%	+0.68%
Max Drawdown (5Y) Largest decline over 5 years	-28.76%	-25.95%	-2.81%
Max Drawdown (10Y) Largest decline over 10 years	-33.71%	-39.42%	+5.71%
Current Drawdown Current decline from peak	-2.99%	-2.23%	-0.76%
Average Drawdown Average peak-to-trough decline	-9.98%	-8.17%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	2.58%	+0.41%

Volatility

CGR.TO vs. REET - Volatility Comparison

iShares Global Real Estate Index ETF (CGR.TO) and iShares Global REIT ETF (REET) have volatilities of 3.77% and 3.81%, 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.

Volatility by Period

	CGR.TO	REET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	3.81%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	8.84%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	11.84%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	14.81%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.56%	16.77%	-0.21%

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 2.33%, less than REET's 3.42% 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%
REET iShares Global REIT ETF	3.42%	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

Can I hold both CGR.TO and REET in my portfolio?

CGR.TO and REET 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.

Which ETF is better, CGR.TO or REET?

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.

Which ETF is cheaper, CGR.TO or REET?

REET is cheaper with a 0.14% expense ratio, compared with 0.72% for CGR.TO.

What is the main difference between CGR.TO and REET?

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.