CHP-UN.TO vs. ZRE.TO
Compare and contrast key facts about Choice Properties Real Estate Investment Trust (CHP-UN.TO) and BMO Equal Weight REITs Index ETF (ZRE.TO).
ZRE.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Canada REIT Index. It was launched on May 19, 2010.
Performance
CHP-UN.TO vs. ZRE.TO - Performance Comparison
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CHP-UN.TO vs. ZRE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHP-UN.TO Choice Properties Real Estate Investment Trust | 6.93% | 17.01% | 1.12% | -0.12% | 2.41% | 23.04% | -1.63% | 27.47% | -8.19% | 4.58% |
ZRE.TO BMO Equal Weight REITs Index ETF | 3.52% | 12.75% | 2.89% | 0.91% | -17.75% | 34.04% | -7.72% | 25.86% | 3.36% | 14.36% |
Returns By Period
In the year-to-date period, CHP-UN.TO achieves a 6.93% return, which is significantly higher than ZRE.TO's 3.52% return. Over the past 10 years, CHP-UN.TO has outperformed ZRE.TO with an annualized return of 7.94%, while ZRE.TO has yielded a comparatively lower 6.88% annualized return.
CHP-UN.TO
- 1D
- 1.82%
- 1M
- -0.59%
- YTD
- 6.93%
- 6M
- 8.98%
- 1Y
- 16.48%
- 3Y*
- 8.24%
- 5Y*
- 8.40%
- 10Y*
- 7.94%
ZRE.TO
- 1D
- 1.62%
- 1M
- -3.11%
- YTD
- 3.52%
- 6M
- 1.98%
- 1Y
- 11.37%
- 3Y*
- 5.94%
- 5Y*
- 4.11%
- 10Y*
- 6.88%
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Return for Risk
CHP-UN.TO vs. ZRE.TO — Risk / Return Rank
CHP-UN.TO
ZRE.TO
CHP-UN.TO vs. ZRE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Choice Properties Real Estate Investment Trust (CHP-UN.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.
| CHP-UN.TO | ZRE.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.83 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.24 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.93 | 1.33 | +1.60 |
Martin ratioReturn relative to average drawdown | 7.07 | 4.07 | +3.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHP-UN.TO | ZRE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.83 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.27 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.39 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.51 | +0.05 |
Correlation
The correlation between CHP-UN.TO and ZRE.TO is 0.62, 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.
Dividends
CHP-UN.TO vs. ZRE.TO - Dividend Comparison
CHP-UN.TO's dividend yield for the trailing twelve months is around 4.92%, more than ZRE.TO's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHP-UN.TO Choice Properties Real Estate Investment Trust | 4.92% | 5.17% | 5.66% | 5.41% | 5.04% | 4.90% | 5.75% | 5.35% | 6.46% | 5.48% | 5.12% | 5.49% |
ZRE.TO BMO Equal Weight REITs Index ETF | 4.73% | 4.90% | 5.26% | 5.14% | 4.97% | 3.87% | 5.01% | 4.17% | 4.95% | 5.05% | 5.46% | 6.00% |
Drawdowns
CHP-UN.TO vs. ZRE.TO - Drawdown Comparison
The maximum CHP-UN.TO drawdown since its inception was -28.85%, smaller than the maximum ZRE.TO drawdown of -46.29%. Use the drawdown chart below to compare losses from any high point for CHP-UN.TO and ZRE.TO.
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Drawdown Indicators
| CHP-UN.TO | ZRE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.85% | -46.29% | +17.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -8.95% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.32% | -32.44% | +11.12% |
Max Drawdown (10Y)Largest decline over 10 years | -28.85% | -46.29% | +17.44% |
Current DrawdownCurrent decline from peak | -1.13% | -4.09% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -7.75% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.96% | -0.41% |
Volatility
CHP-UN.TO vs. ZRE.TO - Volatility Comparison
Choice Properties Real Estate Investment Trust (CHP-UN.TO) has a higher volatility of 4.90% compared to BMO Equal Weight REITs Index ETF (ZRE.TO) at 4.27%. This indicates that CHP-UN.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
| CHP-UN.TO | ZRE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.27% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 8.82% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 13.71% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.48% | 15.57% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 17.67% | +0.10% |