HCRE.TO vs. CGRE.TO
HCRE.TO (Global X Equal Weight Canadian REITs Index Corporate Class ETF) and CGRE.TO (CI Global REIT Private Pool) are both REIT funds. HCRE.TO is passively managed, while CGRE.TO is actively managed. Over the past 5 years, HCRE.TO returned 3.62%/yr vs 3.39%/yr for CGRE.TO. At a 0.29 correlation, their price movements are largely independent.
Performance
HCRE.TO vs. CGRE.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HCRE.TO having a 15.36% return and CGRE.TO slightly higher at 15.52%.
HCRE.TO
- 1D
- 0.78%
- 1M
- 3.12%
- 6M
- 8.19%
- YTD
- 15.36%
- 1Y
- 15.79%
- 3Y*
- 10.79%
- 5Y*
- 3.62%
- 10Y*
- —
CGRE.TO
- 1D
- 1.38%
- 1M
- 3.82%
- 6M
- 11.24%
- YTD
- 15.52%
- 1Y
- 15.57%
- 3Y*
- 9.12%
- 5Y*
- 3.39%
- 10Y*
- —
HCRE.TO vs. CGRE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF | 15.36% | 12.54% | 3.71% | 0.93% | -17.12% | 33.69% | 21.31% |
CGRE.TO CI Global REIT Private Pool | 15.52% | 3.39% | 4.66% | 11.66% | -23.63% | 35.03% | 8.96% |
Correlation
The correlation between HCRE.TO and CGRE.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.29 |
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Return for Risk
HCRE.TO vs. CGRE.TO — Risk / Return Rank
HCRE.TO
CGRE.TO
HCRE.TO vs. CGRE.TO - 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 CI Global REIT Private Pool (CGRE.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.
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 | CGRE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.88 | +0.17 |
| Martin ratioReturn relative to average drawdown | 5.81 | 5.84 | -0.03 |
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Drawdowns
HCRE.TO vs. CGRE.TO - Drawdown Comparison
The maximum HCRE.TO drawdown since its inception was -43.39%, which is greater than CGRE.TO's maximum drawdown of -28.28%. Use the drawdown chart below to compare losses from any high point for HCRE.TO and CGRE.TO.
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Drawdown Indicators
| HCRE.TO | CGRE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.39% | -28.28% | -15.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -8.38% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -13.72% | -5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.87% | -28.28% | -4.59% |
Current DrawdownCurrent decline from peak | -0.57% | 0.00% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -12.20% | -9.48% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.68% | +0.06% |
Volatility
HCRE.TO vs. CGRE.TO - Volatility Comparison
Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) has a higher volatility of 2.72% compared to CI Global REIT Private Pool (CGRE.TO) at 2.15%. This indicates that HCRE.TO's price experiences larger fluctuations and is considered to be riskier than CGRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCRE.TO | CGRE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.15% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 9.21% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 12.07% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 14.91% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.80% | 14.36% | +5.44% |
Dividends
HCRE.TO vs. CGRE.TO - Dividend Comparison
HCRE.TO has not paid dividends to shareholders, while CGRE.TO's dividend yield for the trailing twelve months is around 4.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CGRE.TO CI Global REIT Private Pool | 4.39% | 4.95% | 4.88% | 4.86% | 5.16% | 3.77% | 2.84% |
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HCRE.TO and CGRE.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and CI.
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