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GRT-UN.TO vs. XQQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GRT-UN.TO vs. XQQ.TO

Last updated Jun 5, 2026

GRT-UN.TO (Granite Real Estate Investment Trust) is a stock, while XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) is Nasdaq-100 fund tracking the Morningstar US Market TR CAD. Over the past 10 years, GRT-UN.TO returned 14.34%/yr vs 19.59%/yr for XQQ.TO. At a 0.26 correlation, their price movements are largely independent.

Performance

GRT-UN.TO vs. XQQ.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 iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with GRT-UN.TO having a 18.76% return and XQQ.TO slightly higher at 19.17%. Over the past 10 years, GRT-UN.TO has underperformed XQQ.TO with an annualized return of 14.34%, while XQQ.TO has yielded a comparatively higher 19.59% annualized return.

GRT-UN.TO

1D
1.53%
1M
3.08%
YTD
18.76%
6M
28.20%
1Y
43.81%
3Y*
9.88%
5Y*
8.10%
10Y*
14.34%

XQQ.TO

1D
-0.54%
1M
8.62%
YTD
19.17%
6M
17.53%
1Y
37.37%
3Y*
26.17%
5Y*
15.19%
10Y*
19.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
GRT-UN.TO
Granite Real Estate Investment Trust		18.76%22.79%-4.30%15.18%-31.89%40.45%23.02%29.65%14.45%16.24%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		19.17%18.38%24.23%52.23%-33.67%22.29%45.23%37.48%-2.33%31.83%

Correlation

The correlation between GRT-UN.TO and XQQ.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since May 11, 2011

0.26

The correlation between GRT-UN.TO and XQQ.TO shifts across timeframes, from 0.12 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Granite Real Estate Investment Trust

iShares NASDAQ 100 Index ETF (CAD-Hedged)

Often compared with GRT-UN.TO:
GRT-UN.TO vs. DIR-UN.TOGRT-UN.TO vs. CRT-UN.TOGRT-UN.TO vs. IIP-UN.TOGRT-UN.TO vs. NWH-UN.TOGRT-UN.TO vs. BEI-UN.TOGRT-UN.TO vs. KMP-UN.TOGRT-UN.TO vs. VGT
Often compared with XQQ.TO:
XQQ.TO vs. QQC.TOXQQ.TO vs. VFV.TOXQQ.TO vs. HXQ.TOXQQ.TO vs. XQQU.TOXQQ.TO vs. QQQXQQ.TO vs. ZQQ.TOXQQ.TO vs. TEC.TO

Return for Risk

GRT-UN.TO vs. XQQ.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: 8888
Overall Rank
GRT-UN.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
GRT-UN.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
GRT-UN.TO Omega Ratio Rank: 8787
Omega Ratio Rank
GRT-UN.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
GRT-UN.TO Martin Ratio Rank: 8989
Martin Ratio Rank
XQQ.TO
XQQ.TO Risk / Return Rank: 6767
Overall Rank
XQQ.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 6969
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 6262
Martin Ratio Rank
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. XQQ.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 iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.TOXQQ.TODifference
Sharpe ratioReturn per unit of total volatility
2.29
2.37

-0.08

Sortino ratioReturn per unit of downside risk
3.05
3.12

-0.08

Omega ratioGain probability vs. loss probability

1.39

1.41

-0.02

Calmar ratioReturn relative to maximum drawdown

3.41

2.94

+0.47

Martin ratioReturn relative to average drawdown

10.95

10.98

-0.03

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. XQQ.TO - Sharpe Ratio Comparison

The current GRT-UN.TO Sharpe Ratio is 2.29, which is comparable to the XQQ.TO Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of GRT-UN.TO and XQQ.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.

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Sharpe Ratios by Period

GRT-UN.TOXQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.29

2.37

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.37

0.68

-0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.88

-0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.86

-0.49

Drawdowns

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

The maximum GRT-UN.TO drawdown since its inception was -87.70%, which is greater than XQQ.TO's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for GRT-UN.TO and XQQ.TO.

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Drawdown Indicators

GRT-UN.TOXQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-87.70%

-38.55%

-49.15%

Max Drawdown (1Y)

Largest decline over 1 year

-12.91%

-12.76%

-0.15%

Max Drawdown (3Y)

Largest decline over 3 years

-27.99%

-22.72%

-5.27%

Max Drawdown (5Y)

Largest decline over 5 years

-37.82%

-38.55%

+0.73%

Max Drawdown (10Y)

Largest decline over 10 years

-44.89%

-38.55%

-6.34%

Current Drawdown

Current decline from peak

-0.95%

-0.80%

-0.15%

Average Drawdown

Average peak-to-trough decline

-16.30%

-5.92%

-10.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.01%

3.41%

+0.60%

Volatility

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

Granite Real Estate Investment Trust (GRT-UN.TO) has a higher volatility of 5.91% compared to iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) at 4.51%. This indicates that GRT-UN.TO's price experiences larger fluctuations and is considered to be riskier than XQQ.TO 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.TOXQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.91%

4.51%

+1.40%

Volatility (6M)

Calculated over the trailing 6-month period

14.77%

12.01%

+2.76%

Volatility (1Y)

Calculated over the trailing 1-year period

19.28%

15.82%

+3.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.88%

22.51%

-0.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.43%

22.34%

+0.09%

Dividends

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

GRT-UN.TO's dividend yield for the trailing twelve months is around 3.64%, more than XQQ.TO's 0.21% yield.

PositionTTM20252024202320222021202020192018201720162015
GRT-UN.TO
Granite Real Estate Investment Trust		3.64%4.17%4.74%4.21%4.49%3.03%3.75%4.25%5.69%5.63%5.77%6.44%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		0.21%0.25%0.32%0.31%0.43%0.17%0.26%0.46%0.52%0.53%0.76%0.62%

Frequently Asked Questions

GRT-UN.TO and XQQ.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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