CGRE.TO vs. ZRE.TO
CGRE.TO (CI Global REIT Private Pool) and ZRE.TO (BMO Equal Weight REITs Index ETF) are both REIT funds. CGRE.TO is actively managed, while ZRE.TO is passively managed. Over the past 5 years, CGRE.TO returned 4.17%/yr vs 3.61%/yr for ZRE.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
CGRE.TO vs. ZRE.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 ZRE.TO slightly lower at 13.41%.
CGRE.TO
- 1D
- 0.87%
- 1M
- 4.58%
- YTD
- 13.75%
- 6M
- 13.80%
- 1Y
- 14.66%
- 3Y*
- 9.63%
- 5Y*
- 4.17%
- 10Y*
- —
ZRE.TO
- 1D
- -0.08%
- 1M
- 2.80%
- YTD
- 13.41%
- 6M
- 13.72%
- 1Y
- 14.23%
- 3Y*
- 10.01%
- 5Y*
- 3.61%
- 10Y*
- 6.86%
CGRE.TO vs. ZRE.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% |
ZRE.TO BMO Equal Weight REITs Index ETF | 13.41% | 11.28% | 2.89% | 0.91% | -17.74% | 34.04% | 20.67% |
Correlation
The correlation between CGRE.TO and ZRE.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
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 | 0.33 |
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Return for Risk
CGRE.TO vs. ZRE.TO — Risk / Return Rank
CGRE.TO
ZRE.TO
CGRE.TO vs. ZRE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global REIT Private Pool (CGRE.TO) and BMO Equal Weight REITs Index ETF (ZRE.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 | ZRE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.02 | -0.26 |
| Martin ratioReturn relative to average drawdown | 5.49 | 5.43 | +0.07 |
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Drawdowns
CGRE.TO vs. ZRE.TO - Drawdown Comparison
The maximum CGRE.TO drawdown since its inception was -28.28%, smaller than the maximum ZRE.TO drawdown of -46.29%. Use the drawdown chart below to compare losses from any high point for CGRE.TO and ZRE.TO.
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Drawdown Indicators
| CGRE.TO | ZRE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.28% | -46.29% | +18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -7.07% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -13.72% | -17.14% | +3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | -32.44% | +4.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.29% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.41% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -9.55% | -7.67% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.63% | +0.05% |
Volatility
CGRE.TO vs. ZRE.TO - Volatility Comparison
CI Global REIT Private Pool (CGRE.TO) has a higher volatility of 3.92% compared to BMO Equal Weight REITs Index ETF (ZRE.TO) at 2.94%. This indicates that CGRE.TO's price experiences larger fluctuations and is considered to be riskier than ZRE.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 | ZRE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 2.94% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 8.58% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 11.31% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 15.55% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.40% | 17.68% | -3.28% |
Dividends
CGRE.TO vs. ZRE.TO - Dividend Comparison
CGRE.TO's dividend yield for the trailing twelve months is around 4.46%, more than ZRE.TO's 4.30% 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% |
ZRE.TO BMO Equal Weight REITs Index ETF | 4.30% | 4.96% | 5.26% | 5.14% | 4.97% | 3.87% | 5.01% | 4.17% | 4.95% | 5.05% | 5.46% | 6.00% |
Frequently Asked Questions
CGRE.TO and ZRE.TO have a correlation of 0.31, 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 BMO.
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