CGR.TO vs. VNQI

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Real Estate Index ETF (CGR.TO) and Vanguard Global ex-U.S. Real Estate ETF (VNQI).

CGR.TO and VNQI 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. VNQI is a passively managed fund by Vanguard that tracks the performance of the S&P Global ex-U.S. Property Index. It was launched on Nov 1, 2010. Both CGR.TO and VNQI 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. VNQI - 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 Vanguard Global ex-U.S. Real Estate ETF (VNQI). The values are adjusted to include any dividend payments, if applicable.

CGR.TO vs. VNQI - 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%
VNQI Vanguard Global ex-U.S. Real Estate ETF	-1.72%	15.82%	6.18%	4.64%	-17.45%	4.97%	-8.79%	15.62%	-1.76%	18.82%

Different Trading Currencies

CGR.TO is traded in CAD, while VNQI is traded in USD. To make them comparable, the VNQI 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 VNQI's -1.72% return. Over the past 10 years, CGR.TO has outperformed VNQI with an annualized return of 3.56%, while VNQI has yielded a comparatively lower 3.14% 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%

VNQI

• 1D: 2.47%
• 1M: -10.61%
• YTD: -1.72%
• 6M: -2.55%
• 1Y: 11.25%
• 3Y*: 8.89%
• 5Y*: 1.56%
• 10Y*: 3.14%

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

CGR.TO vs. VNQI - Expense Ratio Comparison

CGR.TO has a 0.72% expense ratio, which is higher than VNQI's 0.12% expense ratio.

CGR.TO

iShares Global Real Estate Index ETF

VNQI

Vanguard Global ex-U.S. Real Estate ETF

Return for Risk

CGR.TO vs. VNQI — 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

VNQI

VNQI Risk / Return Rank: 55
VNQI Sharpe Ratio Rank: 63
VNQI Sortino Ratio Rank: 62
VNQI Omega Ratio Rank: 60
VNQI Calmar Ratio Rank: 42
VNQI Martin Ratio Rank: 49

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. VNQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Real Estate Index ETF (CGR.TO) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). 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	VNQI	Difference
Sharpe ratio Return per unit of total volatility	0.24	0.89	-0.65
Sortino ratio Return per unit of downside risk	0.42	1.26	-0.84
Omega ratio Gain probability vs. loss probability	1.06	1.17	-0.11
Calmar ratio Return relative to maximum drawdown	0.39	0.84	-0.45
Martin ratio Return relative to average drawdown	1.31	3.47	-2.16
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. VNQI - Sharpe Ratio Comparison

The current CGR.TO Sharpe Ratio is 0.24, which is lower than the VNQI Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of CGR.TO and VNQI, 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	VNQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	0.89	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.12	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.23	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.39	-0.13

Correlation

The correlation between CGR.TO and VNQI is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CGR.TO vs. VNQI - Dividend Comparison

CGR.TO's dividend yield for the trailing twelve months is around 2.43%, less than VNQI's 4.85% 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%
VNQI Vanguard Global ex-U.S. Real Estate ETF	4.85%	4.70%	5.16%	3.74%	0.57%	6.48%	0.93%	7.58%	4.62%	3.86%	5.18%	2.86%

Drawdowns

CGR.TO vs. VNQI - Drawdown Comparison

The maximum CGR.TO drawdown since its inception was -52.90%, which is greater than VNQI's maximum drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for CGR.TO and VNQI.

Drawdown Indicators

	CGR.TO	VNQI	Difference
Max Drawdown Largest peak-to-trough decline	-52.90%	-38.35%	-14.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-14.78%	+3.73%
Max Drawdown (5Y) Largest decline over 5 years	-28.76%	-35.75%	+6.99%
Max Drawdown (10Y) Largest decline over 10 years	-33.71%	-38.35%	+4.64%
Current Drawdown Current decline from peak	-6.96%	-12.43%	+5.47%
Average Drawdown Average peak-to-trough decline	-10.06%	-10.92%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	3.32%	-0.02%

Volatility

CGR.TO vs. VNQI - Volatility Comparison

The current volatility for iShares Global Real Estate Index ETF (CGR.TO) is 5.64%, while Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a volatility of 6.29%. This indicates that CGR.TO experiences smaller price fluctuations and is considered to be less risky than VNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGR.TO	VNQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	6.29%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	9.08%	8.94%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	12.70%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	12.80%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	13.44%	+3.09%