CGRE.TO vs. VRE.TO
CGRE.TO (CI Global REIT Private Pool) and VRE.TO (Vanguard FTSE Canadian Capped REIT Index ETF) are both REIT funds. CGRE.TO is actively managed, while VRE.TO is passively managed. Over the past 5 years, CGRE.TO returned 4.17%/yr vs 1.98%/yr for VRE.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
CGRE.TO vs. VRE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CGRE.TO achieves a 13.75% return, which is significantly higher than VRE.TO's 4.50% return.
CGRE.TO
- 1D
- 0.87%
- 1M
- 4.58%
- YTD
- 13.75%
- 6M
- 13.80%
- 1Y
- 14.66%
- 3Y*
- 9.63%
- 5Y*
- 4.17%
- 10Y*
- —
VRE.TO
- 1D
- 0.58%
- 1M
- 3.89%
- YTD
- 4.50%
- 6M
- 4.43%
- 1Y
- 6.35%
- 3Y*
- 7.25%
- 5Y*
- 1.98%
- 10Y*
- 4.57%
CGRE.TO vs. VRE.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% |
VRE.TO Vanguard FTSE Canadian Capped REIT Index ETF | 4.50% | 4.62% | 7.38% | 9.26% | -22.66% | 35.56% | 20.70% |
Correlation
The correlation between CGRE.TO and VRE.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.32 |
The correlation between CGRE.TO and VRE.TO shifts across timeframes, from 0.24 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CGRE.TO vs. VRE.TO — Risk / Return Rank
CGRE.TO
VRE.TO
CGRE.TO vs. VRE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global REIT Private Pool (CGRE.TO) and Vanguard FTSE Canadian Capped REIT Index ETF (VRE.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 | VRE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.09 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 0.44 | +1.33 |
| Martin ratioReturn relative to average drawdown | 5.49 | 0.92 | +4.58 |
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Drawdowns
CGRE.TO vs. VRE.TO - Drawdown Comparison
The maximum CGRE.TO drawdown since its inception was -28.28%, smaller than the maximum VRE.TO drawdown of -48.06%. Use the drawdown chart below to compare losses from any high point for CGRE.TO and VRE.TO.
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Drawdown Indicators
| CGRE.TO | VRE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.28% | -48.06% | +19.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -14.48% | +6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.72% | -18.42% | +4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | -29.85% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.06% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.55% | +4.55% |
Average DrawdownAverage peak-to-trough decline | -9.55% | -8.24% | -1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 6.93% | -4.25% |
Volatility
CGRE.TO vs. VRE.TO - Volatility Comparison
CI Global REIT Private Pool (CGRE.TO) has a higher volatility of 3.92% compared to Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) at 3.72%. This indicates that CGRE.TO's price experiences larger fluctuations and is considered to be riskier than VRE.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 | VRE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.72% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 10.30% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 13.22% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 16.00% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.40% | 17.53% | -3.13% |
Dividends
CGRE.TO vs. VRE.TO - Dividend Comparison
CGRE.TO's dividend yield for the trailing twelve months is around 4.46%, more than VRE.TO's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGRE.TO CI Global REIT Private Pool | 4.46% | 4.95% | 4.88% | 4.86% | 5.16% | 3.77% | 2.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRE.TO Vanguard FTSE Canadian Capped REIT Index ETF | 2.95% | 2.84% | 2.97% | 2.65% | 4.75% | 2.73% | 3.74% | 5.15% | 3.83% | 3.72% | 4.10% | 2.01% |
Frequently Asked Questions
CGRE.TO and VRE.TO have a correlation of 0.24, 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 Vanguard.
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