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IJR vs. XRE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJR vs. XRE.TO

Last updated Jun 9, 2026

IJR (iShares Core S&P Small-Cap ETF) and XRE.TO (iShares S&P/TSX Capped REIT Index ETF) are both exchange-traded funds - IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index, while XRE.TO is a REIT fund tracking the Morningstar DM REIT NR CAD. Both are passively managed. Over the past 10 years, IJR returned 10.61%/yr vs 3.85%/yr for XRE.TO. At a 0.40 correlation, their price movements are largely independent. IJR charges 0.06%/yr vs 0.61%/yr for XRE.TO.

Performance

IJR vs. XRE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Small-Cap ETF (IJR) and iShares S&P/TSX Capped REIT Index ETF (XRE.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IJR is traded in USD, while XRE.TO is traded in CAD. To make them comparable, the XRE.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IJR achieves a 15.49% return, which is significantly higher than XRE.TO's 8.82% return. Over the past 10 years, IJR has outperformed XRE.TO with an annualized return of 10.61%, while XRE.TO has yielded a comparatively lower 3.85% annualized return.

IJR

1D
0.65%
1M
0.17%
YTD
15.49%
6M
15.12%
1Y
30.47%
3Y*
13.78%
5Y*
5.37%
10Y*
10.61%

XRE.TO

1D
-0.39%
1M
-1.34%
YTD
8.82%
6M
13.36%
1Y
10.11%
3Y*
4.08%
5Y*
-1.06%
10Y*
3.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJR vs. XRE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJR
iShares Core S&P Small-Cap ETF		15.49%5.89%8.63%16.06%-16.20%26.58%11.28%22.82%-8.51%13.15%
XRE.TO
iShares S&P/TSX Capped REIT Index ETF		8.82%14.09%-10.13%4.37%-22.27%32.60%-11.48%27.22%-2.48%17.27%

Correlation

The correlation between IJR and XRE.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.49

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Jul 7, 2006

0.40

The correlation between IJR and XRE.TO shifts across timeframes, from 0.35 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

IJR vs. XRE.TO - Sectors Allocation Comparison

Sectors
IJR
XRE.TO

Financial Services

16.8%

-

Industrials

15.5%

-

Technology

15.5%

-

Consumer Cyclical

13.4%

-

Healthcare

11.1%

-

Real Estate

7.6%
100.0%

Energy

5.9%

-

Basic Materials

5.1%

-

Communication Services

3.6%

-

Consumer Defensive

3.5%

-

Utilities

2.0%

-

Financial Services

IJR
16.8%
XRE.TO

-

Industrials

IJR
15.5%
XRE.TO

-

Technology

IJR
15.5%
XRE.TO

-

Consumer Cyclical

IJR
13.4%
XRE.TO

-

Healthcare

IJR
11.1%
XRE.TO

-

Real Estate

IJR
7.6%
XRE.TO
100.0%

Energy

IJR
5.9%
XRE.TO

-

Basic Materials

IJR
5.1%
XRE.TO

-

Communication Services

IJR
3.6%
XRE.TO

-

Consumer Defensive

IJR
3.5%
XRE.TO

-

Utilities

IJR
2.0%
XRE.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P Small-Cap ETF

iShares S&P/TSX Capped REIT Index ETF

Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. AVUVIJR vs. IJSIJR vs. IJHIJR vs. SCHAIJR vs. VBR
Often compared with XRE.TO:
XRE.TO vs. ZRE.TOXRE.TO vs. VRE.TOXRE.TO vs. CGR.TOXRE.TO vs. XIC.TOXRE.TO vs. XDIV.TOXRE.TO vs. XBB.TOXRE.TO vs. VOO

Return for Risk

IJR vs. XRE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJR
IJR Risk / Return Rank: 6363
Overall Rank
IJR Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 6060
Sortino Ratio Rank
IJR Omega Ratio Rank: 5353
Omega Ratio Rank
IJR Calmar Ratio Rank: 7676
Calmar Ratio Rank
IJR Martin Ratio Rank: 6969
Martin Ratio Rank
XRE.TO
XRE.TO Risk / Return Rank: 3232
Overall Rank
XRE.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
XRE.TO Sortino Ratio Rank: 3232
Sortino Ratio Rank
XRE.TO Omega Ratio Rank: 2929
Omega Ratio Rank
XRE.TO Calmar Ratio Rank: 3737
Calmar Ratio Rank
XRE.TO Martin Ratio Rank: 3131
Martin Ratio Rank
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.

IJR vs. XRE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Small-Cap ETF (IJR) and iShares S&P/TSX Capped REIT Index ETF (XRE.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.

IJRXRE.TODifference
Sharpe ratioReturn per unit of total volatility
1.74
0.81

+0.93

Sortino ratioReturn per unit of downside risk
2.53
1.24

+1.29

Omega ratioGain probability vs. loss probability

1.30

1.14

+0.16

Calmar ratioReturn relative to maximum drawdown

3.52

1.20

+2.33

Martin ratioReturn relative to average drawdown

11.72

2.93

+8.79

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJR vs. XRE.TO - Sharpe Ratio Comparison

The current IJR Sharpe Ratio is 1.74, which is higher than the XRE.TO Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of IJR and XRE.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.

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Sharpe Ratios by Period

IJRXRE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.74

0.81

+0.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.25

-0.06

+0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.20

+0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.26

+0.17

Drawdowns

IJR vs. XRE.TO - Drawdown Comparison

The maximum IJR drawdown since its inception was -58.15%, smaller than the maximum XRE.TO drawdown of -65.09%. Use the drawdown chart below to compare losses from any high point for IJR and XRE.TO.

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Drawdown Indicators

IJRXRE.TODifference

Max Drawdown

Largest peak-to-trough decline

-58.15%

-65.09%

+6.94%

Max Drawdown (1Y)

Largest decline over 1 year

-8.68%

-8.46%

-0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-28.02%

-24.64%

-3.38%

Max Drawdown (5Y)

Largest decline over 5 years

-28.02%

-37.30%

+9.28%

Max Drawdown (10Y)

Largest decline over 10 years

-44.36%

-51.15%

+6.79%

Current Drawdown

Current decline from peak

-1.20%

-13.16%

+11.96%

Average Drawdown

Average peak-to-trough decline

-9.28%

-14.37%

+5.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

3.46%

-0.85%

Volatility

IJR vs. XRE.TO - Volatility Comparison

iShares Core S&P Small-Cap ETF (IJR) has a higher volatility of 4.73% compared to iShares S&P/TSX Capped REIT Index ETF (XRE.TO) at 3.40%. This indicates that IJR's price experiences larger fluctuations and is considered to be riskier than XRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJRXRE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.73%

3.40%

+1.33%

Volatility (6M)

Calculated over the trailing 6-month period

11.82%

9.36%

+2.46%

Volatility (1Y)

Calculated over the trailing 1-year period

17.63%

12.49%

+5.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.42%

17.69%

+3.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.92%

19.12%

+3.80%

IJR vs. XRE.TO - Expense Ratio Comparison

IJR has a 0.06% expense ratio, which is lower than XRE.TO's 0.61% expense ratio.

Dividends

IJR vs. XRE.TO - Dividend Comparison

IJR's dividend yield for the trailing twelve months is around 1.15%, less than XRE.TO's 4.44% yield.

PositionTTM20252024202320222021202020192018201720162015
IJR
iShares Core S&P Small-Cap ETF		1.15%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%
XRE.TO
iShares S&P/TSX Capped REIT Index ETF		4.44%5.00%5.55%4.52%4.85%2.62%4.50%4.88%4.86%4.77%5.27%5.66%

Frequently Asked Questions

IJR and XRE.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IJR is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IJR is cheaper with a 0.06% expense ratio, compared with 0.61% for XRE.TO.

IJR is categorized as Small Cap Blend Equities, while XRE.TO is REIT. IJR tracks S&P SmallCap 600 Index, while XRE.TO tracks Morningstar DM REIT NR CAD. Their fees differ too: 0.06% for IJR and 0.61% for XRE.TO.

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