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IJS vs. ZRE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJS vs. ZRE.TO

Last updated Apr 5, 2026

Compare and contrast key facts about iShares S&P SmallCap 600 Value ETF (IJS) and BMO Equal Weight REITs Index ETF (ZRE.TO).

IJS and ZRE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJS is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600/Citigroup Value Index. It was launched on Jul 24, 2000. ZRE.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Canada REIT Index. It was launched on May 19, 2010. Both IJS and ZRE.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IJS vs. ZRE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P SmallCap 600 Value ETF (IJS) and BMO Equal Weight REITs Index ETF (ZRE.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IJS achieves a 4.77% return, which is significantly higher than ZRE.TO's 3.01% return. Over the past 10 years, IJS has outperformed ZRE.TO with an annualized return of 9.52%, while ZRE.TO has yielded a comparatively lower 6.29% annualized return.

IJS

1D
0.22%
1M
0.37%
YTD
4.77%
6M
6.54%
1Y
37.59%
3Y*
10.12%
5Y*
4.81%
10Y*
9.52%

ZRE.TO

1D
0.54%
1M
-3.16%
YTD
3.01%
6M
2.29%
1Y
20.72%
3Y*
5.22%
5Y*
2.16%
10Y*
6.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJS vs. ZRE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJS
iShares S&P SmallCap 600 Value ETF		4.77%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%
ZRE.TO
BMO Equal Weight REITs Index ETF		3.01%18.15%-5.24%3.20%-23.25%35.03%-5.88%32.15%-4.67%22.26%

Correlation

The correlation between IJS and ZRE.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

IJS vs. ZRE.TO - Expense Ratio Comparison

IJS has a 0.25% expense ratio, which is lower than ZRE.TO's 0.61% expense ratio.

ZRE.TO
BMO Equal Weight REITs Index ETF
IJS
iShares S&P SmallCap 600 Value ETF

Compare stocks, funds, or ETFs

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

iShares S&P SmallCap 600 Value ETF

BMO Equal Weight REITs Index ETF

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Often compared with ZRE.TO:
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Return for Risk

IJS vs. ZRE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJS
IJS Risk / Return Rank: 4747
Overall Rank
IJS Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 5050
Sortino Ratio Rank
IJS Omega Ratio Rank: 4545
Omega Ratio Rank
IJS Calmar Ratio Rank: 4545
Calmar Ratio Rank
IJS Martin Ratio Rank: 4545
Martin Ratio Rank
ZRE.TO
ZRE.TO Risk / Return Rank: 4141
Overall Rank
ZRE.TO Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
ZRE.TO Sortino Ratio Rank: 4646
Sortino Ratio Rank
ZRE.TO Omega Ratio Rank: 4040
Omega Ratio Rank
ZRE.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
ZRE.TO Martin Ratio Rank: 3434
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.

IJS vs. ZRE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) and BMO Equal Weight REITs Index ETF (ZRE.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.

IJSZRE.TODifference

Sharpe ratio

Return per unit of total volatility

0.93

1.03

-0.10

Sortino ratio

Return per unit of downside risk

1.43

1.50

-0.07

Omega ratio

Gain probability vs. loss probability

1.19

1.19

0.00

Calmar ratio

Return relative to maximum drawdown

1.51

1.72

-0.21

Martin ratio

Return relative to average drawdown

5.68

4.57

+1.12

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

IJS vs. ZRE.TO - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 0.93, which is comparable to the ZRE.TO Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of IJS and ZRE.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

IJSZRE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.93

1.03

-0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.11

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.30

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.33

+0.06

Drawdowns

IJS vs. ZRE.TO - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, which is greater than ZRE.TO's maximum drawdown of -50.98%. Use the drawdown chart below to compare losses from any high point for IJS and ZRE.TO.

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Drawdown Indicators

IJSZRE.TODifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-46.29%

-13.82%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-7.07%

-2.21%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-32.44%

+3.79%

Max Drawdown (10Y)

Largest decline over 10 years

-47.68%

-46.29%

-1.39%

Current Drawdown

Current decline from peak

-5.84%

-3.29%

-2.55%

Average Drawdown

Average peak-to-trough decline

-9.95%

-7.75%

-2.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.17%

2.95%

+1.22%

Volatility

IJS vs. ZRE.TO - Volatility Comparison

iShares S&P SmallCap 600 Value ETF (IJS) has a higher volatility of 5.31% compared to BMO Equal Weight REITs Index ETF (ZRE.TO) at 4.59%. This indicates that IJS's price experiences larger fluctuations and is considered to be riskier than ZRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJSZRE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.31%

4.59%

+0.72%

Volatility (6M)

Calculated over the trailing 6-month period

13.50%

9.50%

+4.00%

Volatility (1Y)

Calculated over the trailing 1-year period

23.75%

14.95%

+8.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.13%

18.86%

+3.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.60%

21.00%

+2.60%

Dividends

IJS vs. ZRE.TO - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.42%, less than ZRE.TO's 4.69% yield.

TTM20252024202320222021202020192018201720162015
IJS
iShares S&P SmallCap 600 Value ETF		1.42%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%
ZRE.TO
BMO Equal Weight REITs Index ETF		4.69%4.90%5.26%5.14%4.97%3.87%5.01%4.17%4.95%5.05%5.46%6.00%