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CGR.TO vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CGR.TO vs. VOO

Last updated Jun 4, 2026

CGR.TO (iShares Global Real Estate Index ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - CGR.TO is a REIT fund tracking the Morningstar DM REIT NR CAD, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CGR.TO returned 3.96%/yr vs 16.44%/yr for VOO. A 0.50 correlation means they provide meaningful diversification when combined. CGR.TO charges 0.72%/yr vs 0.03%/yr for VOO.

Performance

CGR.TO vs. VOO - 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 S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CGR.TO is traded in CAD, while VOO is traded in USD. To make them comparable, the VOO 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 VOO's 12.66% return. Over the past 10 years, CGR.TO has underperformed VOO with an annualized return of 3.96%, while VOO has yielded a comparatively higher 16.44% 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%

VOO

1D
0.00%
1M
7.45%
YTD
12.66%
6M
10.84%
1Y
30.08%
3Y*
23.99%
5Y*
17.22%
10Y*
16.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CGR.TO vs. VOO - 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%
VOO
Vanguard S&P 500 ETF		12.32%12.42%35.71%23.54%-12.34%27.63%16.32%24.91%3.60%14.02%

Correlation

The correlation between CGR.TO and VOO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.38

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

0.44

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

0.47

Correlation (All Time)
Calculated using the full available price history since Sep 10, 2010

0.50

Over the past year, the correlation between CGR.TO and VOO has dropped to 0.30 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

CGR.TO vs. VOO - Sectors Allocation Comparison

Sectors
CGR.TO
VOO

Real Estate

100.0%
1.9%

Financial Services

0.0%
11.6%

Basic Materials

-

1.8%

Communication Services

-

11.3%

Consumer Cyclical

-

10.2%

Consumer Defensive

-

4.9%

Energy

-

3.5%

Healthcare

-

8.5%

Industrials

-

8.3%

Technology

-

35.7%

Utilities

-

2.4%

Real Estate

CGR.TO
100.0%
VOO
1.9%

Financial Services

CGR.TO
0.0%
VOO
11.6%

Basic Materials

CGR.TO

-

VOO
1.8%

Communication Services

CGR.TO

-

VOO
11.3%

Consumer Cyclical

CGR.TO

-

VOO
10.2%

Consumer Defensive

CGR.TO

-

VOO
4.9%

Energy

CGR.TO

-

VOO
3.5%

Healthcare

CGR.TO

-

VOO
8.5%

Industrials

CGR.TO

-

VOO
8.3%

Technology

CGR.TO

-

VOO
35.7%

Utilities

CGR.TO

-

VOO
2.4%

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

Vanguard S&P 500 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 VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV

Return for Risk

CGR.TO vs. VOO — 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
VOO
VOO Risk / Return Rank: 7070
Overall Rank
VOO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 7070
Sortino Ratio Rank
VOO Omega Ratio Rank: 7070
Omega Ratio Rank
VOO Calmar Ratio Rank: 6262
Calmar Ratio Rank
VOO Martin Ratio Rank: 7575
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. VOO - 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 S&P 500 ETF (VOO). 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.TOVOODifference
Sharpe ratioReturn per unit of total volatility
0.72
2.60

-1.87

Sortino ratioReturn per unit of downside risk
1.08
3.49

-2.40

Omega ratioGain probability vs. loss probability

1.14

1.50

-0.36

Calmar ratioReturn relative to maximum drawdown

0.95

3.51

-2.56

Martin ratioReturn relative to average drawdown

3.03

13.34

-10.32

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. VOO - Sharpe Ratio Comparison

The current CGR.TO Sharpe Ratio is 0.72, which is lower than the VOO Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of CGR.TO and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CGR.TOVOODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

2.60

-1.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

1.16

-0.92

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.24

1.01

-0.77

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

1.15

-0.88

Drawdowns

CGR.TO vs. VOO - Drawdown Comparison

The maximum CGR.TO drawdown since its inception was -52.90%, which is greater than VOO's maximum drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for CGR.TO and VOO.

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Drawdown Indicators

CGR.TOVOODifference

Max Drawdown

Largest peak-to-trough decline

-52.90%

-27.65%

-25.25%

Max Drawdown (1Y)

Largest decline over 1 year

-9.55%

-8.62%

-0.93%

Max Drawdown (3Y)

Largest decline over 3 years

-14.40%

-18.93%

+4.53%

Max Drawdown (5Y)

Largest decline over 5 years

-28.76%

-22.08%

-6.68%

Max Drawdown (10Y)

Largest decline over 10 years

-33.71%

-27.65%

-6.06%

Current Drawdown

Current decline from peak

-2.99%

0.00%

-2.99%

Average Drawdown

Average peak-to-trough decline

-9.98%

-3.24%

-6.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

2.26%

+0.73%

Volatility

CGR.TO vs. VOO - Volatility Comparison

iShares Global Real Estate Index ETF (CGR.TO) has a higher volatility of 3.77% compared to Vanguard S&P 500 ETF (VOO) at 2.60%. This indicates that CGR.TO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CGR.TOVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.77%

2.60%

+1.17%

Volatility (6M)

Calculated over the trailing 6-month period

9.87%

8.79%

+1.08%

Volatility (1Y)

Calculated over the trailing 1-year period

12.51%

11.64%

+0.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.01%

14.91%

+0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.56%

16.28%

+0.28%

CGR.TO vs. VOO - Expense Ratio Comparison

CGR.TO has a 0.72% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

CGR.TO vs. VOO - Dividend Comparison

CGR.TO's dividend yield for the trailing twelve months is around 2.33%, more than VOO's 1.03% 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%
VOO
Vanguard S&P 500 ETF		1.03%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

CGR.TO and VOO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VOO is cheaper with a 0.03% expense ratio, compared with 0.72% for CGR.TO.

CGR.TO is categorized as REIT, while VOO is S&P 500. CGR.TO tracks Morningstar DM REIT NR CAD, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.72% for CGR.TO and 0.03% for VOO.

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