GRT-UN.TO vs. OVCHY
GRT-UN.TO (Granite Real Estate Investment Trust) and OVCHY (Overseas Chinese Banking Corp Ltd ADR) are both stocks. GRT-UN.TO operates in REIT - Industrial (Real Estate), while OVCHY operates in Banks - Regional (Financial Services). Over the past 10 years, GRT-UN.TO returned 14.52%/yr vs 18.44%/yr for OVCHY. At a 0.10 correlation, their price movements are largely independent.
Performance
GRT-UN.TO vs. OVCHY - Performance Comparison
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Different Trading Currencies
GRT-UN.TO is traded in CAD, while OVCHY is traded in USD. To make them comparable, the OVCHY values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GRT-UN.TO achieves a 17.52% return, which is significantly lower than OVCHY's 24.26% return. Over the past 10 years, GRT-UN.TO has underperformed OVCHY with an annualized return of 14.52%, while OVCHY has yielded a comparatively higher 18.44% annualized return.
GRT-UN.TO
- 1D
- 0.15%
- 1M
- 5.76%
- YTD
- 17.52%
- 6M
- 23.98%
- 1Y
- 37.73%
- 3Y*
- 9.82%
- 5Y*
- 7.16%
- 10Y*
- 14.52%
OVCHY
- 1D
- 0.89%
- 1M
- 4.30%
- YTD
- 24.26%
- 6M
- 28.81%
- 1Y
- 56.14%
- 3Y*
- 35.90%
- 5Y*
- 24.60%
- 10Y*
- 18.44%
GRT-UN.TO vs. OVCHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRT-UN.TO Granite Real Estate Investment Trust | 17.52% | 22.80% | -4.30% | 15.18% | -31.88% | 40.16% | 22.56% | 29.65% | 14.45% | 15.87% |
OVCHY Overseas Chinese Banking Corp Ltd ADR | 24.26% | 27.81% | 44.33% | 12.79% | 18.84% | 14.24% | -3.56% | -3.02% | -0.64% | 48.55% |
Correlation
The correlation between GRT-UN.TO and OVCHY is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2010 | 0.10 |
Fundamentals
GRT-UN.TO:
CA$5.73B
OVCHY:
$83.27B
GRT-UN.TO:
CA$6.39
OVCHY:
SGD 4.85
GRT-UN.TO:
14.79
OVCHY:
9.72
GRT-UN.TO:
0.91
OVCHY:
0.86
GRT-UN.TO:
9.15
OVCHY:
4.09
GRT-UN.TO:
1.02
OVCHY:
1.73
GRT-UN.TO:
CA$629.87M
OVCHY:
SGD 26.07B
GRT-UN.TO:
CA$517.51M
OVCHY:
SGD 26.07B
GRT-UN.TO:
CA$513.85M
OVCHY:
SGD 13.10B
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Return for Risk
GRT-UN.TO vs. OVCHY — Risk / Return Rank
GRT-UN.TO
OVCHY
GRT-UN.TO vs. OVCHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Granite Real Estate Investment Trust (GRT-UN.TO) and Overseas Chinese Banking Corp Ltd ADR (OVCHY). 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.
| GRT-UN.TO | OVCHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 7.54 | -4.60 |
| Martin ratioReturn relative to average drawdown | 9.53 | 19.17 | -9.64 |
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Drawdowns
GRT-UN.TO vs. OVCHY - Drawdown Comparison
The maximum GRT-UN.TO drawdown since its inception was -87.48%, which is greater than OVCHY's maximum drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for GRT-UN.TO and OVCHY.
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Drawdown Indicators
| GRT-UN.TO | OVCHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.48% | -38.79% | -48.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -7.48% | -5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -17.89% | -10.10% |
Max Drawdown (5Y)Largest decline over 5 years | -37.82% | -17.89% | -19.93% |
Max Drawdown (10Y)Largest decline over 10 years | -44.89% | -38.79% | -6.10% |
Current DrawdownCurrent decline from peak | -2.60% | -2.97% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -8.23% | -8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 2.94% | +1.08% |
Volatility
GRT-UN.TO vs. OVCHY - Volatility Comparison
Granite Real Estate Investment Trust (GRT-UN.TO) has a higher volatility of 5.69% compared to Overseas Chinese Banking Corp Ltd ADR (OVCHY) at 5.15%. This indicates that GRT-UN.TO's price experiences larger fluctuations and is considered to be riskier than OVCHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRT-UN.TO | OVCHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 5.15% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 12.79% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 22.09% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.88% | 24.44% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 25.50% | -3.06% |
Dividends
GRT-UN.TO vs. OVCHY - Dividend Comparison
GRT-UN.TO's dividend yield for the trailing twelve months is around 3.68%, less than OVCHY's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRT-UN.TO Granite Real Estate Investment Trust | 3.68% | 4.18% | 4.74% | 4.21% | 4.50% | 2.86% | 3.43% | 4.25% | 5.69% | 5.31% | 5.42% | 1.62% |
OVCHY Overseas Chinese Banking Corp Ltd ADR | 4.19% | 4.78% | 5.25% | 6.07% | 4.55% | 3.35% | 3.79% | 3.83% | 3.08% | 3.93% | 8.07% | 3.64% |
Financials
GRT-UN.TO vs. OVCHY - Financials Comparison
This section allows you to compare key financial metrics between Granite Real Estate Investment Trust and Overseas Chinese Banking Corp Ltd ADR. 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. OVCHY - 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%.
OVCHY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Overseas Chinese Banking Corp Ltd ADR reported a gross profit of 8.70B and revenue of 8.70B. Therefore, the gross margin over that period was 100.0%.
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%.
OVCHY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Overseas Chinese Banking Corp Ltd ADR reported an operating income of 4.51B and revenue of 8.70B, resulting in an operating margin of 51.8%.
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%.
OVCHY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Overseas Chinese Banking Corp Ltd ADR reported a net income of 3.71B and revenue of 8.70B, resulting in a net margin of 42.6%.
Frequently Asked Questions
GRT-UN.TO and OVCHY have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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