GRT-UN.TO vs. RIO
GRT-UN.TO (Granite Real Estate Investment Trust) and RIO (Rio Tinto Group) are both stocks. GRT-UN.TO operates in REIT - Industrial (Real Estate), while RIO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, GRT-UN.TO returned 14.52%/yr vs 23.61%/yr for RIO. At a 0.15 correlation, their price movements are largely independent.
Performance
GRT-UN.TO vs. RIO - Performance Comparison
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Different Trading Currencies
GRT-UN.TO is traded in CAD, while RIO is traded in USD. To make them comparable, the RIO 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 RIO's 38.21% return. Over the past 10 years, GRT-UN.TO has underperformed RIO with an annualized return of 14.52%, while RIO has yielded a comparatively higher 23.61% 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%
RIO
- 1D
- 1.94%
- 1M
- -3.98%
- YTD
- 38.21%
- 6M
- 45.33%
- 1Y
- 93.47%
- 3Y*
- 26.45%
- 5Y*
- 15.04%
- 10Y*
- 23.61%
GRT-UN.TO vs. RIO - 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% |
RIO Rio Tinto Group | 38.21% | 37.87% | -8.19% | 8.42% | 25.98% | -3.72% | 32.99% | 27.69% | 5.24% | 35.07% |
Correlation
The correlation between GRT-UN.TO and RIO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.15 |
Fundamentals
GRT-UN.TO:
CA$5.73B
RIO:
$172.61B
GRT-UN.TO:
CA$6.39
RIO:
$13.11
GRT-UN.TO:
14.79
RIO:
8.03
GRT-UN.TO:
9.15
RIO:
1.55
GRT-UN.TO:
1.02
RIO:
2.77
GRT-UN.TO:
CA$629.87M
RIO:
$111.41B
GRT-UN.TO:
CA$517.51M
RIO:
$31.10B
GRT-UN.TO:
CA$513.85M
RIO:
$40.42B
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Return for Risk
GRT-UN.TO vs. RIO — Risk / Return Rank
GRT-UN.TO
RIO
GRT-UN.TO vs. RIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Granite Real Estate Investment Trust (GRT-UN.TO) and Rio Tinto Group (RIO). 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 | RIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.47 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 6.28 | -3.34 |
| Martin ratioReturn relative to average drawdown | 9.53 | 24.69 | -15.16 |
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Drawdowns
GRT-UN.TO vs. RIO - Drawdown Comparison
The maximum GRT-UN.TO drawdown since its inception was -87.48%, roughly equal to the maximum RIO drawdown of -85.94%. Use the drawdown chart below to compare losses from any high point for GRT-UN.TO and RIO.
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Drawdown Indicators
| GRT-UN.TO | RIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.48% | -85.94% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -14.97% | +2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -20.72% | -7.27% |
Max Drawdown (5Y)Largest decline over 5 years | -37.82% | -31.61% | -6.21% |
Max Drawdown (10Y)Largest decline over 10 years | -44.89% | -31.61% | -13.28% |
Current DrawdownCurrent decline from peak | -2.60% | -4.65% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -25.26% | +8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 3.82% | +0.20% |
Volatility
GRT-UN.TO vs. RIO - Volatility Comparison
The current volatility for Granite Real Estate Investment Trust (GRT-UN.TO) is 5.69%, while Rio Tinto Group (RIO) has a volatility of 11.89%. This indicates that GRT-UN.TO experiences smaller price fluctuations and is considered to be less risky than RIO 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 | RIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 11.89% | -6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 24.34% | -9.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 29.42% | -10.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.88% | 29.82% | -7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 31.32% | -8.88% |
Dividends
GRT-UN.TO vs. RIO - Dividend Comparison
GRT-UN.TO's dividend yield for the trailing twelve months is around 3.68%, less than RIO's 3.82% 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% |
RIO Rio Tinto Group | 3.82% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
Financials
GRT-UN.TO vs. RIO - Financials Comparison
This section allows you to compare key financial metrics between Granite Real Estate Investment Trust and Rio Tinto Group. 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. RIO - 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%.
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a gross profit of 8.15B and revenue of 30.65B. Therefore, the gross margin over that period was 26.6%.
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%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported an operating income of 8.15B and revenue of 30.65B, resulting in an operating margin of 26.6%.
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%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.
Frequently Asked Questions
GRT-UN.TO and RIO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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