HGR.TO vs. HCRE.TO

Last updated Apr 1, 2026

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

HGR.TO and HCRE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HGR.TO is an actively managed fund by Harvest. It was launched on Jun 23, 2017. 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.

Performance

HGR.TO vs. HCRE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Global REIT Leaders Income ETF (HGR.TO) and Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HGR.TO Harvest Global REIT Leaders Income ETF	-1.57%	-0.91%	2.46%	4.01%	-31.59%	24.87%	-8.27%	16.67%
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%

Returns By Period

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

HGR.TO

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

HCRE.TO

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

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

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

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

HGR.TO vs. HCRE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

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

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

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.

HGR.TO vs. HCRE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Global REIT Leaders Income ETF (HGR.TO) and Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.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.

	HGR.TO	HCRE.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.43	0.69	-1.12
Sortino ratio Return per unit of downside risk	-0.51	1.06	-1.57
Omega ratio Gain probability vs. loss probability	0.94	1.14	-0.20
Calmar ratio Return relative to maximum drawdown	-0.53	0.92	-1.45
Martin ratio Return relative to average drawdown	-1.53	3.30	-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.

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

The current HGR.TO Sharpe Ratio is -0.43, which is lower than the HCRE.TO Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of HGR.TO and HCRE.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

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

Correlation

The correlation between HGR.TO and HCRE.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

HGR.TO vs. HCRE.TO - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Drawdowns

HGR.TO vs. HCRE.TO - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

HGR.TO vs. HCRE.TO - Volatility Comparison

The current volatility for Harvest Global REIT Leaders Income ETF (HGR.TO) is 3.14%, while Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) has a volatility of 4.85%. This indicates that HGR.TO experiences smaller price fluctuations and is considered to be less risky than HCRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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