HCRE.TO vs. AVGE

Last updated Jun 26, 2026

HCRE.TO (Global X Equal Weight Canadian REITs Index Corporate Class ETF) and AVGE (Avantis All Equity Markets ETF) are both exchange-traded funds - HCRE.TO is a REIT fund tracking the Solactive Equal Weight Canada REIT Index (Total Return), while AVGE is a Global Equities fund actively managed by Avantis. HCRE.TO is passively managed, while AVGE is actively managed. Over the past 3 years, HCRE.TO returned 12.39%/yr vs 24.42%/yr for AVGE. At a 0.24 correlation, their price movements are largely independent. HCRE.TO charges 0.30%/yr vs 0.23%/yr for AVGE.

Performance

HCRE.TO vs. AVGE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) and Avantis All Equity Markets ETF (AVGE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HCRE.TO is traded in CAD, while AVGE is traded in USD. To make them comparable, the AVGE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HCRE.TO achieves a 13.11% return, which is significantly lower than AVGE's 19.97% return.

HCRE.TO

• 1D: 0.74%
• 1M: 3.05%
• YTD: 13.11%
• 6M: 13.70%
• 1Y: 17.03%
• 3Y*: 12.39%
• 5Y*: 4.06%
• 10Y*: —

AVGE

• 1D: 0.78%
• 1M: 3.04%
• YTD: 19.97%
• 6M: 18.78%
• 1Y: 36.42%
• 3Y*: 24.42%
• 5Y*: —
• 10Y*: —

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

HCRE.TO vs. AVGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF	13.11%	12.54%	3.71%	0.93%	7.85%
AVGE Avantis All Equity Markets ETF	19.97%	15.33%	23.60%	16.20%	11.21%

Correlation

The correlation between HCRE.TO and AVGE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.24

Return for Risk

HCRE.TO vs. AVGE — Risk / Return Rank

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

HCRE.TO

HCRE.TO Risk / Return Rank: 45
HCRE.TO Sharpe Ratio Rank: 45
HCRE.TO Sortino Ratio Rank: 48
HCRE.TO Omega Ratio Rank: 44
HCRE.TO Calmar Ratio Rank: 50
HCRE.TO Martin Ratio Rank: 42

AVGE

AVGE Risk / Return Rank: 84
AVGE Sharpe Ratio Rank: 87
AVGE Sortino Ratio Rank: 85
AVGE Omega Ratio Rank: 84
AVGE Calmar Ratio Rank: 81
AVGE Martin Ratio Rank: 86

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.

HCRE.TO vs. AVGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) and Avantis All Equity Markets ETF (AVGE). 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.

	HCRE.TO	AVGE	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.68	-1.27
Sortino ratio: Return per unit of downside risk	2.15	3.71	-1.56
Omega ratio: Gain probability vs. loss probability	1.26	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	2.20	4.83	-2.62
Martin ratio: Return relative to average drawdown	6.19	19.11	-12.92

HCRE.TO vs. AVGE - Sharpe Ratio Comparison

The current HCRE.TO Sharpe Ratio is 1.41, which is lower than the AVGE Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of HCRE.TO and AVGE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HCRE.TO vs. AVGE - Drawdown Comparison

The maximum HCRE.TO drawdown since its inception was -43.39%, which is greater than AVGE's maximum drawdown of -17.64%. Use the drawdown chart below to compare losses from any high point for HCRE.TO and AVGE.

Drawdown Indicators

	HCRE.TO	AVGE	Difference
Max Drawdown Largest peak-to-trough decline	-43.39%	-17.64%	-25.75%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-7.58%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-18.85%	-17.64%	-1.21%
Max Drawdown (5Y) Largest decline over 5 years	-32.87%	—	—
Current Drawdown Current decline from peak	0.00%	-0.71%	+0.71%
Average Drawdown Average peak-to-trough decline	-12.29%	-2.12%	-10.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	1.91%	+0.85%

Volatility

HCRE.TO vs. AVGE - Volatility Comparison

The current volatility for Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) is 2.75%, while Avantis All Equity Markets ETF (AVGE) has a volatility of 5.30%. This indicates that HCRE.TO experiences smaller price fluctuations and is considered to be less risky than AVGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCRE.TO	AVGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	5.30%	-2.55%
Volatility (6M) Calculated over the trailing 6-month period	9.33%	11.15%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	13.64%	-1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	16.04%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	16.04%	+3.82%

HCRE.TO vs. AVGE - Expense Ratio Comparison

HCRE.TO has a 0.30% expense ratio, which is higher than AVGE's 0.23% expense ratio.

Dividends

HCRE.TO vs. AVGE - Dividend Comparison

HCRE.TO has not paid dividends to shareholders, while AVGE's dividend yield for the trailing twelve months is around 2.12%.

Position	TTM	2025	2024	2023	2022
AVGE Avantis All Equity Markets ETF	2.12%	1.67%	1.92%	1.93%	0.74%
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HCRE.TO and AVGE in my portfolio?

HCRE.TO and AVGE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HCRE.TO or AVGE?

On fees, AVGE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HCRE.TO or AVGE?

AVGE is cheaper with a 0.23% expense ratio, compared with 0.30% for HCRE.TO.

What is the main difference between HCRE.TO and AVGE?

HCRE.TO is categorized as REIT, while AVGE is Global Equities. They also come from different issuers: Global X and Avantis. Their fees differ too: 0.30% for HCRE.TO and 0.23% for AVGE.