HCRE.TO vs. REIT.TO
HCRE.TO (Global X Equal Weight Canadian REITs Index Corporate Class ETF) and REIT.TO (Global X Equal Weight Canadian REITs Index ETF) are both REIT funds from Global X - HCRE.TO tracks the Solactive Equal Weight Canada REIT Index (Total Return) while REIT.TO tracks the Mirae Asset Equal Weight Canadian REITs Index. Both are passively managed. Over the past year, HCRE.TO returned 15.79% vs 17.13% for REIT.TO. At a 0.49 correlation, their price movements are largely independent.
Performance
HCRE.TO vs. REIT.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 REIT.TO slightly higher at 15.37%.
HCRE.TO
- 1D
- 0.78%
- 1M
- 3.12%
- 6M
- 8.19%
- YTD
- 15.36%
- 1Y
- 15.79%
- 3Y*
- 10.79%
- 5Y*
- 3.62%
- 10Y*
- —
REIT.TO
- 1D
- 0.82%
- 1M
- 2.74%
- 6M
- 9.11%
- YTD
- 15.37%
- 1Y
- 17.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HCRE.TO vs. REIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF | 15.36% | 11.03% |
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 15.37% | 12.44% |
Correlation
The correlation between HCRE.TO and REIT.TO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025 | 0.49 |
The correlation between HCRE.TO and REIT.TO has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
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Return for Risk
HCRE.TO vs. REIT.TO — Risk / Return Rank
HCRE.TO
REIT.TO
HCRE.TO vs. REIT.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 Global X Equal Weight Canadian REITs Index ETF (REIT.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 | REIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.39 | -0.35 |
| Martin ratioReturn relative to average drawdown | 5.81 | 7.06 | -1.25 |
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Drawdowns
HCRE.TO vs. REIT.TO - Drawdown Comparison
The maximum HCRE.TO drawdown since its inception was -43.39%, which is greater than REIT.TO's maximum drawdown of -7.19%. Use the drawdown chart below to compare losses from any high point for HCRE.TO and REIT.TO.
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Drawdown Indicators
| HCRE.TO | REIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.39% | -7.19% | -36.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -7.19% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.87% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -0.65% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -12.20% | -1.57% | -10.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.43% | +0.31% |
Volatility
HCRE.TO vs. REIT.TO - Volatility Comparison
Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) and Global X Equal Weight Canadian REITs Index ETF (REIT.TO) have volatilities of 2.72% and 2.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCRE.TO | REIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.79% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 9.74% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 12.65% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 12.78% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.80% | 12.78% | +7.02% |
Dividends
HCRE.TO vs. REIT.TO - Dividend Comparison
HCRE.TO has not paid dividends to shareholders, while REIT.TO's dividend yield for the trailing twelve months is around 4.23%.
| Position | TTM | 2025 |
|---|---|---|
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF | 0.00% | 0.00% |
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 4.23% | 3.20% |
Frequently Asked Questions
HCRE.TO and REIT.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCRE.TO tracks Solactive Equal Weight Canada REIT Index (Total Return), while REIT.TO tracks Mirae Asset Equal Weight Canadian REITs Index.
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