GRT-UN.TO vs. IGM.TO
GRT-UN.TO (Granite Real Estate Investment Trust) and IGM.TO (IGM Financial Inc.) are both stocks. GRT-UN.TO operates in REIT - Industrial (Real Estate), while IGM.TO operates in Asset Management (Financial Services). Over the past 10 years, GRT-UN.TO returned 14.48%/yr vs 14.85%/yr for IGM.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
GRT-UN.TO vs. IGM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GRT-UN.TO achieves a 19.72% return, which is significantly lower than IGM.TO's 32.86% return. Both investments have delivered pretty close results over the past 10 years, with GRT-UN.TO having a 14.48% annualized return and IGM.TO not far ahead at 14.85%.
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%
IGM.TO
- 1D
- 1.09%
- 1M
- 5.42%
- YTD
- 32.86%
- 6M
- 40.45%
- 1Y
- 92.94%
- 3Y*
- 33.72%
- 5Y*
- 19.16%
- 10Y*
- 14.85%
GRT-UN.TO vs. IGM.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% |
IGM.TO IGM Financial Inc. | 32.86% | 40.97% | 38.86% | -1.67% | -12.00% | 39.16% | -0.02% | 27.73% | -25.10% | 22.04% |
Correlation
The correlation between GRT-UN.TO and IGM.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.23 |
The correlation between GRT-UN.TO and IGM.TO shifts across timeframes, from 0.23 (all time) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
GRT-UN.TO:
CA$5.83B
IGM.TO:
CA$19.18B
GRT-UN.TO:
CA$6.39
IGM.TO:
CA$4.86
GRT-UN.TO:
15.07
IGM.TO:
16.73
GRT-UN.TO:
0.93
IGM.TO:
3.13
GRT-UN.TO:
9.32
IGM.TO:
5.01
GRT-UN.TO:
1.04
IGM.TO:
2.14
GRT-UN.TO:
CA$629.87M
IGM.TO:
CA$3.84B
GRT-UN.TO:
CA$517.51M
IGM.TO:
CA$1.57B
GRT-UN.TO:
CA$513.85M
IGM.TO:
CA$1.66B
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Return for Risk
GRT-UN.TO vs. IGM.TO — Risk / Return Rank
GRT-UN.TO
IGM.TO
GRT-UN.TO vs. IGM.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 IGM Financial Inc. (IGM.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 | IGM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.73 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 8.69 | -5.49 |
| Martin ratioReturn relative to average drawdown | 10.28 | 38.48 | -28.20 |
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
| GRT-UN.TO | IGM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 4.15 | -2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.92 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.67 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.37 | -0.04 |
Drawdowns
GRT-UN.TO vs. IGM.TO - Drawdown Comparison
The maximum GRT-UN.TO drawdown since its inception was -87.48%, which is greater than IGM.TO's maximum drawdown of -51.72%. Use the drawdown chart below to compare losses from any high point for GRT-UN.TO and IGM.TO.
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Drawdown Indicators
| GRT-UN.TO | IGM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.48% | -51.72% | -35.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -10.75% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -25.61% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -37.82% | -32.58% | -5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -44.89% | -47.65% | +2.76% |
Current DrawdownCurrent decline from peak | -0.77% | 0.00% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -16.98% | -13.11% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 2.45% | +1.56% |
Volatility
GRT-UN.TO vs. IGM.TO - Volatility Comparison
Granite Real Estate Investment Trust (GRT-UN.TO) and IGM Financial Inc. (IGM.TO) have volatilities of 5.88% and 5.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRT-UN.TO | IGM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 5.60% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 18.97% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 22.50% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.88% | 21.05% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 22.45% | -0.01% |
Dividends
GRT-UN.TO vs. IGM.TO - Dividend Comparison
GRT-UN.TO's dividend yield for the trailing twelve months is around 3.61%, more than IGM.TO's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGM.TO IGM Financial Inc. | 2.84% | 3.64% | 4.90% | 6.43% | 5.96% | 4.93% | 6.52% | 6.04% | 7.25% | 5.14% | 5.91% | 8.07% |
Financials
GRT-UN.TO vs. IGM.TO - Financials Comparison
This section allows you to compare key financial metrics between Granite Real Estate Investment Trust and IGM Financial Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GRT-UN.TO vs. IGM.TO - Profitability Comparison
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%.
IGM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IGM Financial Inc. reported a gross profit of 509.55M and revenue of 925.05M. Therefore, the gross margin over that period was 55.1%.
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%.
IGM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IGM Financial Inc. reported an operating income of 330.21M and revenue of 925.05M, resulting in an operating margin of 35.7%.
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%.
IGM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IGM Financial Inc. reported a net income of 283.82M and revenue of 925.05M, resulting in a net margin of 30.7%.
Frequently Asked Questions
GRT-UN.TO and IGM.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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