GRT-UN.TO vs. EXE.TO

Last updated Jun 10, 2026

GRT-UN.TO (Granite Real Estate Investment Trust) and EXE.TO (Extendicare Inc.) are both stocks. GRT-UN.TO operates in REIT - Industrial (Real Estate), while EXE.TO operates in Medical Care Facilities (Healthcare). Over the past 10 years, GRT-UN.TO returned 14.48%/yr vs 22.41%/yr for EXE.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

GRT-UN.TO vs. EXE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Granite Real Estate Investment Trust (GRT-UN.TO) and Extendicare Inc. (EXE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRT-UN.TO achieves a 19.72% return, which is significantly lower than EXE.TO's 55.68% return. Over the past 10 years, GRT-UN.TO has underperformed EXE.TO with an annualized return of 14.48%, while EXE.TO has yielded a comparatively higher 22.41% annualized return.

GRT-UN.TO

• 1D: 0.22%
• 1M: 3.25%
• YTD: 19.72%
• 6M: 28.31%
• 1Y: 41.14%
• 3Y*: 9.94%
• 5Y*: 7.55%
• 10Y*: 14.48%

EXE.TO

• 1D: 0.37%
• 1M: -1.27%
• YTD: 55.68%
• 6M: 45.62%
• 1Y: 137.90%
• 3Y*: 73.39%
• 5Y*: 39.77%
• 10Y*: 22.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GRT-UN.TO vs. EXE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GRT-UN.TO Granite Real Estate Investment Trust	19.72%	22.80%	-4.30%	15.18%	-31.88%	40.16%	22.56%	29.65%	14.45%	15.87%
EXE.TO Extendicare Inc.	55.68%	108.12%	54.90%	19.31%	-3.86%	17.26%	-14.91%	40.94%	-26.10%	-2.76%

Correlation

The correlation between GRT-UN.TO and EXE.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Nov 10, 2006	0.18

The correlation between GRT-UN.TO and EXE.TO shifts across timeframes, from 0.18 (all time) to 0.29 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GRT-UN.TO : CA$5.83B EXE.TO : CA$3.18B
EPS GRT-UN.TO : CA$6.39 EXE.TO : CA$1.37
PE Ratio GRT-UN.TO : 15.07 EXE.TO : 24.08
PEG Ratio GRT-UN.TO : 0.93 EXE.TO : 0.33
PS Ratio GRT-UN.TO : 9.32 EXE.TO : 1.68
PB Ratio GRT-UN.TO : 1.04 EXE.TO : 8.10
Total Revenue (TTM) GRT-UN.TO : CA$629.87M EXE.TO : CA$1.75B
Gross Profit (TTM) GRT-UN.TO : CA$517.51M EXE.TO : CA$553.60M
EBITDA (TTM) GRT-UN.TO : CA$513.85M EXE.TO : CA$205.13M

Return for Risk

GRT-UN.TO vs. EXE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GRT-UN.TO

GRT-UN.TO Risk / Return Rank: 88
GRT-UN.TO Sharpe Ratio Rank: 91
GRT-UN.TO Sortino Ratio Rank: 89
GRT-UN.TO Omega Ratio Rank: 88
GRT-UN.TO Calmar Ratio Rank: 85
GRT-UN.TO Martin Ratio Rank: 89

EXE.TO

EXE.TO Risk / Return Rank: 98
EXE.TO Sharpe Ratio Rank: 98
EXE.TO Sortino Ratio Rank: 99
EXE.TO Omega Ratio Rank: 98
EXE.TO Calmar Ratio Rank: 98
EXE.TO Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GRT-UN.TO vs. EXE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Granite Real Estate Investment Trust (GRT-UN.TO) and Extendicare Inc. (EXE.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.

	GRT-UN.TO	EXE.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.15	4.12	-1.97
Sortino ratio: Return per unit of downside risk	2.89	5.84	-2.96
Omega ratio: Gain probability vs. loss probability	1.37	1.72	-0.35
Calmar ratio: Return relative to maximum drawdown	3.20	10.08	-6.88
Martin ratio: Return relative to average drawdown	10.28	29.11	-18.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRT-UN.TO vs. EXE.TO - Sharpe Ratio Comparison

The current GRT-UN.TO Sharpe Ratio is 2.15, which is lower than the EXE.TO Sharpe Ratio of 4.12. The chart below compares the historical Sharpe Ratios of GRT-UN.TO and EXE.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GRT-UN.TO	EXE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	4.12	-1.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	1.66	-1.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.88	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.40	-0.07

Drawdowns

GRT-UN.TO vs. EXE.TO - Drawdown Comparison

The maximum GRT-UN.TO drawdown since its inception was -87.48%, which is greater than EXE.TO's maximum drawdown of -79.65%. Use the drawdown chart below to compare losses from any high point for GRT-UN.TO and EXE.TO.

Drawdown Indicators

	GRT-UN.TO	EXE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-87.48%	-79.65%	-7.83%
Max Drawdown (1Y) Largest decline over 1 year	-12.91%	-13.76%	+0.85%
Max Drawdown (3Y) Largest decline over 3 years	-27.99%	-22.07%	-5.92%
Max Drawdown (5Y) Largest decline over 5 years	-37.82%	-22.07%	-15.75%
Max Drawdown (10Y) Largest decline over 10 years	-44.89%	-46.29%	+1.40%
Current Drawdown Current decline from peak	-0.77%	-3.75%	+2.98%
Average Drawdown Average peak-to-trough decline	-16.98%	-20.42%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	4.76%	-0.75%

Volatility

GRT-UN.TO vs. EXE.TO - Volatility Comparison

The current volatility for Granite Real Estate Investment Trust (GRT-UN.TO) is 5.88%, while Extendicare Inc. (EXE.TO) has a volatility of 11.51%. This indicates that GRT-UN.TO experiences smaller price fluctuations and is considered to be less risky than EXE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRT-UN.TO	EXE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	11.51%	-5.63%
Volatility (6M) Calculated over the trailing 6-month period	14.87%	23.69%	-8.82%
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	33.72%	-14.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.88%	24.17%	-2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.44%	25.67%	-3.23%

Dividends

GRT-UN.TO vs. EXE.TO - Dividend Comparison

GRT-UN.TO's dividend yield for the trailing twelve months is around 3.61%, more than EXE.TO's 1.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXE.TO Extendicare Inc.	1.55%	2.34%	4.52%	6.59%	7.32%	6.58%	7.23%	5.69%	7.56%	5.25%	4.86%	4.97%
GRT-UN.TO Granite Real Estate Investment Trust	3.61%	4.18%	4.74%	4.21%	4.50%	2.86%	3.43%	4.25%	5.69%	5.31%	5.42%	1.62%

Financials

GRT-UN.TO vs. EXE.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Granite Real Estate Investment Trust and Extendicare Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GRT-UN.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported a gross profit of 134.27M and revenue of 165.83M. Therefore, the gross margin over that period was 81.0%.

EXE.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Extendicare Inc. reported a gross profit of 58.87M and revenue of 465.22M. Therefore, the gross margin over that period was 12.7%.

GRT-UN.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported an operating income of 122.29M and revenue of 165.83M, resulting in an operating margin of 73.7%.

EXE.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Extendicare Inc. reported an operating income of 42.70M and revenue of 465.22M, resulting in an operating margin of 9.2%.

GRT-UN.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported a net income of 91.25M and revenue of 165.83M, resulting in a net margin of 55.0%.

EXE.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Extendicare Inc. reported a net income of 40.73M and revenue of 465.22M, resulting in a net margin of 8.8%.

Frequently Asked Questions

Can I hold both GRT-UN.TO and EXE.TO in my portfolio?

GRT-UN.TO and EXE.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.