CGR.TO vs. REET

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Real Estate Index ETF (CGR.TO) and iShares Global REIT ETF (REET).

CGR.TO and REET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGR.TO is a passively managed fund by iShares that tracks the performance of the Morningstar DM REIT NR CAD. It was launched on Aug 26, 2008. REET is a passively managed fund by iShares that tracks the performance of the FTSE EPRA/NAREIT Global REIT Index. It was launched on Jul 8, 2014. Both CGR.TO and REET are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

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	3.43%	2.56%	9.99%	7.58%	-21.75%	28.98%	-9.40%	14.90%	2.92%	3.32%
REET iShares Global REIT ETF	2.67%	3.02%	11.47%	7.85%	-18.69%	31.24%	-12.00%	18.30%	2.76%	0.63%

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 3.43% return, which is significantly higher than REET's 2.67% return. Over the past 10 years, CGR.TO has underperformed REET with an annualized return of 3.56%, while REET has yielded a comparatively higher 4.15% annualized return.

CGR.TO

• 1D: 2.33%
• 1M: -6.96%
• YTD: 3.43%
• 6M: 0.51%
• 1Y: 3.51%
• 3Y*: 7.87%
• 5Y*: 3.85%
• 10Y*: 3.56%

REET

• 1D: 1.34%
• 1M: -5.42%
• YTD: 2.67%
• 6M: 0.30%
• 1Y: 3.93%
• 3Y*: 7.80%
• 5Y*: 4.78%
• 10Y*: 4.15%

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

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.

CGR.TO

iShares Global Real Estate Index ETF

REET

iShares Global REIT ETF

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: 19
CGR.TO Sharpe Ratio Rank: 19
CGR.TO Sortino Ratio Rank: 18
CGR.TO Omega Ratio Rank: 18
CGR.TO Calmar Ratio Rank: 21
CGR.TO Martin Ratio Rank: 21

REET

REET Risk / Return Rank: 30
REET Sharpe Ratio Rank: 30
REET Sortino Ratio Rank: 28
REET Omega Ratio Rank: 28
REET Calmar Ratio Rank: 31
REET Martin Ratio Rank: 35

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	0.24	0.27	-0.03
Sortino ratio Return per unit of downside risk	0.42	0.45	-0.03
Omega ratio Gain probability vs. loss probability	1.06	1.06	-0.01
Calmar ratio Return relative to maximum drawdown	0.39	0.43	-0.04
Martin ratio Return relative to average drawdown	1.31	1.50	-0.19
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 0.24, which is comparable to the REET Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of CGR.TO and REET, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CGR.TO	REET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	0.27	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.33	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.25	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.39	-0.12

Correlation

The correlation between CGR.TO and REET is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CGR.TO vs. REET - Dividend Comparison

CGR.TO's dividend yield for the trailing twelve months is around 2.43%, less than REET's 3.65% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGR.TO iShares Global Real Estate Index ETF	2.43%	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	3.65%	3.67%	3.64%	3.27%	2.43%	3.18%	2.65%	5.25%	5.73%	3.84%	5.37%	3.56%

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%	-44.59%	-8.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-11.70%	+0.65%
Max Drawdown (5Y) Largest decline over 5 years	-28.76%	-32.11%	+3.35%
Max Drawdown (10Y) Largest decline over 10 years	-33.71%	-44.59%	+10.88%
Current Drawdown Current decline from peak	-6.96%	-7.39%	+0.43%
Average Drawdown Average peak-to-trough decline	-10.06%	-9.91%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	2.79%	+0.51%

Volatility

CGR.TO vs. REET - Volatility Comparison

iShares Global Real Estate Index ETF (CGR.TO) has a higher volatility of 5.64% compared to iShares Global REIT ETF (REET) at 4.86%. This indicates that CGR.TO's price experiences larger fluctuations and is considered to be riskier than REET based on this measure. 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	5.64%	4.86%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	9.08%	8.46%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	14.67%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	14.78%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	16.77%	-0.24%