HCRE.TO vs. CLML.TO

Last updated Jun 4, 2026

HCRE.TO (Global X Equal Weight Canadian REITs Index Corporate Class ETF) and CLML.TO (CI Global Climate Leaders Fund) are both exchange-traded funds - HCRE.TO is a REIT fund tracking the Solactive Equal Weight Canada REIT Index (Total Return), while CLML.TO is a fund fund. Over the past 3 years, HCRE.TO returned 9.01%/yr vs 44.11%/yr for CLML.TO. At a 0.13 correlation, their price movements are largely independent.

Performance

HCRE.TO vs. CLML.TO - 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 CI Global Climate Leaders Fund (CLML.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HCRE.TO achieves a 9.90% return, which is significantly lower than CLML.TO's 36.54% return.

HCRE.TO

• 1D: 0.38%
• 1M: 0.79%
• YTD: 9.90%
• 6M: 12.46%
• 1Y: 13.75%
• 3Y*: 9.01%
• 5Y*: 4.08%
• 10Y*: —

CLML.TO

• 1D: 0.37%
• 1M: 6.60%
• YTD: 36.54%
• 6M: 35.01%
• 1Y: 58.40%
• 3Y*: 44.11%
• 5Y*: —
• 10Y*: —

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

HCRE.TO vs. CLML.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF	9.90%	12.54%	3.71%	0.93%	-17.12%	6.57%
CLML.TO CI Global Climate Leaders Fund	36.54%	25.21%	63.19%	12.83%	-18.69%	9.27%

Correlation

The correlation between HCRE.TO and CLML.TO is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.13

Return for Risk

HCRE.TO vs. CLML.TO — 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: 34
HCRE.TO Sharpe Ratio Rank: 33
HCRE.TO Sortino Ratio Rank: 34
HCRE.TO Omega Ratio Rank: 33
HCRE.TO Calmar Ratio Rank: 37
HCRE.TO Martin Ratio Rank: 34

CLML.TO

CLML.TO Risk / Return Rank: 88
CLML.TO Sharpe Ratio Rank: 86
CLML.TO Sortino Ratio Rank: 86
CLML.TO Omega Ratio Rank: 81
CLML.TO Calmar Ratio Rank: 95
CLML.TO Martin Ratio Rank: 93

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. CLML.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 Climate Leaders Fund (CLML.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.

	HCRE.TO	CLML.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.88	-1.73
Sortino ratio: Return per unit of downside risk	1.78	3.93	-2.16
Omega ratio: Gain probability vs. loss probability	1.21	1.49	-0.27
Calmar ratio: Return relative to maximum drawdown	1.78	8.04	-6.26
Martin ratio: Return relative to average drawdown	4.99	24.25	-19.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HCRE.TO vs. CLML.TO - Sharpe Ratio Comparison

The current HCRE.TO Sharpe Ratio is 1.16, which is lower than the CLML.TO Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of HCRE.TO and CLML.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.

Sharpe Ratios by Period

	HCRE.TO	CLML.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	2.88	-1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	1.14	-0.78

Drawdowns

HCRE.TO vs. CLML.TO - Drawdown Comparison

The maximum HCRE.TO drawdown since its inception was -43.39%, which is greater than CLML.TO's maximum drawdown of -28.17%. Use the drawdown chart below to compare losses from any high point for HCRE.TO and CLML.TO.

Drawdown Indicators

	HCRE.TO	CLML.TO	Difference
Max Drawdown Largest peak-to-trough decline	-43.39%	-28.17%	-15.22%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-7.30%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	-18.85%	-25.94%	+7.09%
Max Drawdown (5Y) Largest decline over 5 years	-32.87%	—	—
Current Drawdown Current decline from peak	-0.62%	0.00%	-0.62%
Average Drawdown Average peak-to-trough decline	-12.37%	-8.96%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.42%	+0.34%

Volatility

HCRE.TO vs. CLML.TO - Volatility Comparison

The current volatility for Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) is 3.24%, while CI Global Climate Leaders Fund (CLML.TO) has a volatility of 8.88%. This indicates that HCRE.TO experiences smaller price fluctuations and is considered to be less risky than CLML.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCRE.TO	CLML.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	8.88%	-5.64%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	16.50%	-7.29%
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	20.38%	-8.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	20.68%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.62%	20.68%	+0.94%

Dividends

HCRE.TO vs. CLML.TO - Dividend Comparison

Neither HCRE.TO nor CLML.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

HCRE.TO and CLML.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.