CGR.TO vs. XRE.TO
Compare and contrast key facts about iShares Global Real Estate Index ETF (CGR.TO) and iShares S&P/TSX Capped REIT Index ETF (XRE.TO).
CGR.TO and XRE.TO 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. XRE.TO is a passively managed fund by iShares that tracks the performance of the Morningstar DM REIT NR CAD. It was launched on Oct 17, 2002. Both CGR.TO and XRE.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGR.TO or XRE.TO.
Key characteristics
| CGR.TO | XRE.TO | |
|---|---|---|
| YTD Return | -0.28% | -4.42% |
| 1Y Return | 8.17% | -4.80% |
| 3Y Return (Ann) | 0.48% | -3.06% |
| 5Y Return (Ann) | 0.04% | -0.16% |
| 10Y Return (Ann) | 4.75% | 3.82% |
| Sharpe Ratio | 0.54 | -0.31 |
| Daily Std Dev | 14.32% | 18.31% |
| Max Drawdown | -52.90% | -57.06% |
| Current Drawdown | -16.05% | -21.06% |
Correlation
The correlation between CGR.TO and XRE.TO is 0.60, 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.
Performance
CGR.TO vs. XRE.TO - Performance Comparison
In the year-to-date period, CGR.TO achieves a -0.28% return, which is significantly higher than XRE.TO's -4.42% return. Over the past 10 years, CGR.TO has outperformed XRE.TO with an annualized return of 4.75%, while XRE.TO has yielded a comparatively lower 3.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CGR.TO vs. XRE.TO - Expense Ratio Comparison
CGR.TO has a 0.72% expense ratio, which is higher than XRE.TO's 0.61% expense ratio.
Risk-Adjusted Performance
CGR.TO vs. XRE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Real Estate Index ETF (CGR.TO) and iShares S&P/TSX Capped REIT Index ETF (XRE.TO). 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.
Dividends
CGR.TO vs. XRE.TO - Dividend Comparison
CGR.TO's dividend yield for the trailing twelve months is around 2.67%, less than XRE.TO's 5.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGR.TO iShares Global Real Estate Index ETF | 2.67% | 2.59% | 2.40% | 1.70% | 2.22% | 2.10% | 2.54% | 4.25% | 2.83% | 2.97% | 2.65% | 1.82% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 5.05% | 4.52% | 4.85% | 2.59% | 4.45% | 4.82% | 4.80% | 4.71% | 5.20% | 5.59% | 4.93% | 4.93% |
Drawdowns
CGR.TO vs. XRE.TO - Drawdown Comparison
The maximum CGR.TO drawdown since its inception was -52.90%, smaller than the maximum XRE.TO drawdown of -57.06%. Use the drawdown chart below to compare losses from any high point for CGR.TO and XRE.TO. For additional features, visit the drawdowns tool.
Volatility
CGR.TO vs. XRE.TO - Volatility Comparison
iShares Global Real Estate Index ETF (CGR.TO) and iShares S&P/TSX Capped REIT Index ETF (XRE.TO) have volatilities of 5.74% and 5.75%, 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.