HCRE.TO vs. HGR.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) and Harvest Global REIT Leaders Income ETF (HGR.TO).

HCRE.TO and HGR.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HCRE.TO is a passively managed fund by Global X that tracks the performance of the Solactive Equal Weight Canada REIT Index (Total Return). It was launched on Jan 22, 2019. HGR.TO is an actively managed fund by Harvest. It was launched on Jun 23, 2017.

Performance

HCRE.TO vs. HGR.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 Harvest Global REIT Leaders Income ETF (HGR.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF	1.35%	12.54%	3.71%	0.93%	-17.12%	33.69%	-6.72%	18.00%
HGR.TO Harvest Global REIT Leaders Income ETF	-1.57%	-0.91%	2.46%	4.01%	-31.59%	24.87%	-8.27%	16.67%

Returns By Period

In the year-to-date period, HCRE.TO achieves a 1.35% return, which is significantly higher than HGR.TO's -1.57% return.

HCRE.TO

• 1D: 0.55%
• 1M: -5.87%
• YTD: 1.35%
• 6M: 0.55%
• 1Y: 9.30%
• 3Y*: 5.45%
• 5Y*: 3.93%
• 10Y*: —

HGR.TO

• 1D: 0.00%
• 1M: -8.05%
• YTD: -1.57%
• 6M: -5.11%
• 1Y: -6.27%
• 3Y*: 1.69%
• 5Y*: -2.37%
• 10Y*: —

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

HCRE.TO vs. HGR.TO - Expense Ratio Comparison

HCRE.TO has a 0.30% expense ratio, which is lower than HGR.TO's 0.85% expense ratio.

HGR.TO

Harvest Global REIT Leaders Income ETF

HCRE.TO

Global X Equal Weight Canadian REITs Index Corporate Class ETF

Return for Risk

HCRE.TO vs. HGR.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: 34
HCRE.TO Sortino Ratio Rank: 35
HCRE.TO Omega Ratio Rank: 32
HCRE.TO Calmar Ratio Rank: 35
HCRE.TO Martin Ratio Rank: 35

HGR.TO

HGR.TO Risk / Return Rank: 4
HGR.TO Sharpe Ratio Rank: 5
HGR.TO Sortino Ratio Rank: 4
HGR.TO Omega Ratio Rank: 4
HGR.TO Calmar Ratio Rank: 4
HGR.TO Martin Ratio Rank: 1

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. HGR.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 Harvest Global REIT Leaders Income ETF (HGR.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	HGR.TO	Difference
Sharpe ratio Return per unit of total volatility	0.69	-0.43	+1.12
Sortino ratio Return per unit of downside risk	1.06	-0.51	+1.57
Omega ratio Gain probability vs. loss probability	1.14	0.94	+0.20
Calmar ratio Return relative to maximum drawdown	0.92	-0.53	+1.45
Martin ratio Return relative to average drawdown	3.30	-1.53	+4.84
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. HGR.TO - Sharpe Ratio Comparison

The current HCRE.TO Sharpe Ratio is 0.69, which is higher than the HGR.TO Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of HCRE.TO and HGR.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HCRE.TO	HGR.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	-0.43	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	-0.14	+0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	-0.02	+0.31

Correlation

The correlation between HCRE.TO and HGR.TO is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HCRE.TO vs. HGR.TO - Dividend Comparison

HCRE.TO has not paid dividends to shareholders, while HGR.TO's dividend yield for the trailing twelve months is around 10.69%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	0.00%	0.00%	0.00%
HGR.TO Harvest Global REIT Leaders Income ETF	10.69%	10.35%	9.32%	8.72%	8.30%	5.28%	6.22%	5.36%	6.19%	2.75%

Drawdowns

HCRE.TO vs. HGR.TO - Drawdown Comparison

The maximum HCRE.TO drawdown since its inception was -43.39%, roughly equal to the maximum HGR.TO drawdown of -41.33%. Use the drawdown chart below to compare losses from any high point for HCRE.TO and HGR.TO.

Drawdown Indicators

	HCRE.TO	HGR.TO	Difference
Max Drawdown Largest peak-to-trough decline	-43.39%	-41.33%	-2.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-9.87%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	-32.87%	-41.33%	+8.46%
Current Drawdown Current decline from peak	-6.20%	-29.16%	+22.96%
Average Drawdown Average peak-to-trough decline	-12.69%	-16.67%	+3.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	3.51%	-0.41%

Volatility

HCRE.TO vs. HGR.TO - Volatility Comparison

Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) has a higher volatility of 4.85% compared to Harvest Global REIT Leaders Income ETF (HGR.TO) at 3.14%. This indicates that HCRE.TO's price experiences larger fluctuations and is considered to be riskier than HGR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCRE.TO	HGR.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	3.14%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	10.23%	-1.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.82%	14.69%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.77%	16.77%	+1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.84%	18.39%	+3.45%