HD vs. GRT-UN.TO
HD (The Home Depot, Inc.) and GRT-UN.TO (Granite Real Estate Investment Trust) are both stocks. HD operates in Home Improvement Retail (Consumer Cyclical), while GRT-UN.TO operates in REIT - Industrial (Real Estate). Over the past 10 years, HD returned 12.81%/yr vs 13.54%/yr for GRT-UN.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
HD vs. GRT-UN.TO - Performance Comparison
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Different Trading Currencies
HD is traded in USD, while GRT-UN.TO is traded in CAD. To make them comparable, the GRT-UN.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HD achieves a -3.21% return, which is significantly lower than GRT-UN.TO's 15.06% return. Over the past 10 years, HD has underperformed GRT-UN.TO with an annualized return of 12.81%, while GRT-UN.TO has yielded a comparatively higher 13.54% annualized return.
HD
- 1D
- 0.73%
- 1M
- 9.35%
- YTD
- -3.21%
- 6M
- -7.39%
- 1Y
- -7.17%
- 3Y*
- 5.70%
- 5Y*
- 3.66%
- 10Y*
- 12.81%
GRT-UN.TO
- 1D
- -0.14%
- 1M
- 3.57%
- YTD
- 15.06%
- 6M
- 22.11%
- 1Y
- 34.57%
- 3Y*
- 8.16%
- 5Y*
- 4.09%
- 10Y*
- 13.54%
HD vs. GRT-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | -3.21% | -9.33% | 15.00% | 12.77% | -21.98% | 59.51% | 24.50% | 30.56% | -7.30% | 44.61% |
GRT-UN.TO Granite Real Estate Investment Trust | 15.06% | 28.67% | -11.77% | 17.98% | -35.94% | 40.23% | 25.54% | 35.22% | 5.57% | 24.29% |
Correlation
The correlation between HD and GRT-UN.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.24 |
The correlation between HD and GRT-UN.TO shifts across timeframes, from 0.24 (all time) to 0.36 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HD:
$327.08B
GRT-UN.TO:
CA$5.73B
HD:
$14.08
GRT-UN.TO:
CA$6.39
HD:
23.33
GRT-UN.TO:
14.79
HD:
1.96
GRT-UN.TO:
9.15
HD:
23.57
GRT-UN.TO:
1.02
HD:
$166.59B
GRT-UN.TO:
CA$629.87M
HD:
$55.19B
GRT-UN.TO:
CA$517.51M
HD:
$23.12B
GRT-UN.TO:
CA$513.85M
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Return for Risk
HD vs. GRT-UN.TO — Risk / Return Rank
HD
GRT-UN.TO
HD vs. GRT-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Home Depot, Inc. (HD) and Granite Real Estate Investment Trust (GRT-UN.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.
| HD | GRT-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.31 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.61 | -2.86 |
| Martin ratioReturn relative to average drawdown | -0.50 | 8.35 | -8.85 |
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Drawdowns
HD vs. GRT-UN.TO - Drawdown Comparison
The maximum HD drawdown since its inception was -70.46%, smaller than the maximum GRT-UN.TO drawdown of -89.30%. Use the drawdown chart below to compare losses from any high point for HD and GRT-UN.TO.
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Drawdown Indicators
| HD | GRT-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.46% | -89.30% | +18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -28.81% | -13.29% | -15.52% |
Max Drawdown (3Y)Largest decline over 3 years | -28.84% | -31.60% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -34.73% | -43.95% | +9.22% |
Max Drawdown (10Y)Largest decline over 10 years | -37.99% | -49.61% | +11.62% |
Current DrawdownCurrent decline from peak | -20.86% | -3.42% | -17.44% |
Average DrawdownAverage peak-to-trough decline | -20.60% | -18.51% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.34% | 4.19% | +10.15% |
Volatility
HD vs. GRT-UN.TO - Volatility Comparison
The Home Depot, Inc. (HD) has a higher volatility of 6.82% compared to Granite Real Estate Investment Trust (GRT-UN.TO) at 5.65%. This indicates that HD's price experiences larger fluctuations and is considered to be riskier than GRT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HD | GRT-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 5.65% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 17.97% | 15.73% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.74% | 19.84% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.12% | 23.11% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.84% | 23.53% | +1.31% |
Dividends
HD vs. GRT-UN.TO - Dividend Comparison
HD's dividend yield for the trailing twelve months is around 2.82%, less than GRT-UN.TO's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRT-UN.TO Granite Real Estate Investment Trust | 3.68% | 4.18% | 4.74% | 4.21% | 4.50% | 2.86% | 3.43% | 4.25% | 5.69% | 5.31% | 5.42% | 1.62% |
HD The Home Depot, Inc. | 2.82% | 2.67% | 2.31% | 2.41% | 2.41% | 1.59% | 2.26% | 2.49% | 2.40% | 1.88% | 2.06% | 1.78% |
Financials
HD vs. GRT-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between The Home Depot, Inc. and Granite Real Estate Investment Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HD vs. GRT-UN.TO - Profitability Comparison
HD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Home Depot, Inc. reported a gross profit of 13.78B and revenue of 41.77B. Therefore, the gross margin over that period was 33.0%.
GRT-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported a gross profit of 134.27M and revenue of 165.83M. Therefore, the gross margin over that period was 81.0%.
HD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Home Depot, Inc. reported an operating income of 4.98B and revenue of 41.77B, resulting in an operating margin of 11.9%.
GRT-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported an operating income of 122.29M and revenue of 165.83M, resulting in an operating margin of 73.7%.
HD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Home Depot, Inc. reported a net income of 3.29B and revenue of 41.77B, resulting in a net margin of 7.9%.
GRT-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported a net income of 91.25M and revenue of 165.83M, resulting in a net margin of 55.0%.
Frequently Asked Questions
HD and GRT-UN.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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