CGRE.TO vs. HCRE.TO
CGRE.TO (CI Global REIT Private Pool) and HCRE.TO (Global X Equal Weight Canadian REITs Index Corporate Class ETF) are both REIT funds. CGRE.TO is actively managed, while HCRE.TO is passively managed. Over the past 5 years, CGRE.TO returned 4.17%/yr vs 4.10%/yr for HCRE.TO. At a 0.29 correlation, their price movements are largely independent.
Performance
CGRE.TO vs. HCRE.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CGRE.TO having a 13.75% return and HCRE.TO slightly lower at 13.66%.
CGRE.TO
- 1D
- 0.87%
- 1M
- 4.58%
- YTD
- 13.75%
- 6M
- 13.80%
- 1Y
- 14.66%
- 3Y*
- 9.63%
- 5Y*
- 4.17%
- 10Y*
- —
HCRE.TO
- 1D
- 0.18%
- 1M
- 3.16%
- YTD
- 13.66%
- 6M
- 13.82%
- 1Y
- 16.23%
- 3Y*
- 10.86%
- 5Y*
- 4.10%
- 10Y*
- —
CGRE.TO vs. HCRE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CGRE.TO CI Global REIT Private Pool | 13.75% | 3.39% | 4.66% | 11.66% | -23.63% | 35.03% | 8.96% |
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF | 13.66% | 12.54% | 3.71% | 0.93% | -17.12% | 33.69% | 21.31% |
Correlation
The correlation between CGRE.TO and HCRE.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.29 |
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Return for Risk
CGRE.TO vs. HCRE.TO — Risk / Return Rank
CGRE.TO
HCRE.TO
CGRE.TO vs. HCRE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global REIT Private Pool (CGRE.TO) and Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGRE.TO | HCRE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.10 | -0.33 |
| Martin ratioReturn relative to average drawdown | 5.49 | 5.90 | -0.41 |
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Drawdowns
CGRE.TO vs. HCRE.TO - Drawdown Comparison
The maximum CGRE.TO drawdown since its inception was -28.28%, smaller than the maximum HCRE.TO drawdown of -43.39%. Use the drawdown chart below to compare losses from any high point for CGRE.TO and HCRE.TO.
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Drawdown Indicators
| CGRE.TO | HCRE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.28% | -43.39% | +15.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -7.76% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -13.72% | -18.85% | +5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | -32.87% | +4.59% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.55% | -12.27% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.76% | -0.08% |
Volatility
CGRE.TO vs. HCRE.TO - Volatility Comparison
CI Global REIT Private Pool (CGRE.TO) has a higher volatility of 3.92% compared to Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) at 2.68%. This indicates that CGRE.TO's price experiences larger fluctuations and is considered to be riskier than HCRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGRE.TO | HCRE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 2.68% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 9.32% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 12.10% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 16.47% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.40% | 19.84% | -5.44% |
Dividends
CGRE.TO vs. HCRE.TO - Dividend Comparison
CGRE.TO's dividend yield for the trailing twelve months is around 4.46%, while HCRE.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CGRE.TO CI Global REIT Private Pool | 4.46% | 4.95% | 4.88% | 4.86% | 5.16% | 3.77% | 2.84% |
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGRE.TO and HCRE.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI and Global X.
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