CGRE.TO vs. XRE.TO
CGRE.TO (CI Global REIT Private Pool) and XRE.TO (iShares S&P/TSX Capped REIT Index ETF) are both REIT funds. CGRE.TO is actively managed, while XRE.TO is passively managed. Over the past 5 years, CGRE.TO returned 4.17%/yr vs 2.07%/yr for XRE.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
CGRE.TO vs. XRE.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 XRE.TO slightly lower at 13.23%.
CGRE.TO
- 1D
- 0.87%
- 1M
- 4.58%
- YTD
- 13.75%
- 6M
- 13.80%
- 1Y
- 14.66%
- 3Y*
- 9.63%
- 5Y*
- 4.17%
- 10Y*
- —
XRE.TO
- 1D
- -0.29%
- 1M
- 2.07%
- YTD
- 13.23%
- 6M
- 13.53%
- 1Y
- 13.91%
- 3Y*
- 6.87%
- 5Y*
- 2.07%
- 10Y*
- 4.68%
CGRE.TO vs. XRE.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% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 13.23% | 8.89% | -2.52% | 1.88% | -17.34% | 32.54% | 15.43% |
Correlation
The correlation between CGRE.TO and XRE.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.32 |
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Return for Risk
CGRE.TO vs. XRE.TO — Risk / Return Rank
CGRE.TO
XRE.TO
CGRE.TO vs. XRE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global REIT Private Pool (CGRE.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.
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 | XRE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.86 | -0.10 |
| Martin ratioReturn relative to average drawdown | 5.49 | 4.67 | +0.82 |
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Drawdowns
CGRE.TO vs. XRE.TO - Drawdown Comparison
The maximum CGRE.TO drawdown since its inception was -28.28%, smaller than the maximum XRE.TO drawdown of -57.01%. Use the drawdown chart below to compare losses from any high point for CGRE.TO and XRE.TO.
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Drawdown Indicators
| CGRE.TO | XRE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.28% | -57.01% | +28.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -7.51% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.72% | -20.91% | +7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | -30.53% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.58% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.81% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -9.55% | -10.78% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.98% | -0.30% |
Volatility
CGRE.TO vs. XRE.TO - Volatility Comparison
CI Global REIT Private Pool (CGRE.TO) has a higher volatility of 3.92% compared to iShares S&P/TSX Capped REIT Index ETF (XRE.TO) at 3.13%. This indicates that CGRE.TO's price experiences larger fluctuations and is considered to be riskier than XRE.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 | XRE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.13% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 8.87% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 11.81% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 16.20% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.40% | 17.58% | -3.18% |
Dividends
CGRE.TO vs. XRE.TO - Dividend Comparison
CGRE.TO's dividend yield for the trailing twelve months is around 4.46%, more than XRE.TO's 4.33% 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% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 4.33% | 5.00% | 5.55% | 4.52% | 4.85% | 2.62% | 4.50% | 4.88% | 4.86% | 4.77% | 5.27% | 5.66% |
Frequently Asked Questions
CGRE.TO and XRE.TO have a correlation of 0.28, 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 iShares.
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