MREL.TO vs. BGRT.NEO
MREL.TO (Middlefield Real Estate Dividend ETF) and BGRT.NEO (BMO Global REIT Fund Active ETF Series) are both REIT funds. Both are actively managed. Over the past year, MREL.TO returned 14.93% vs 6.97% for BGRT.NEO. At a 0.21 correlation, their price movements are largely independent.
Performance
MREL.TO vs. BGRT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, MREL.TO achieves a 8.56% return, which is significantly higher than BGRT.NEO's 6.70% return.
MREL.TO
- 1D
- -0.30%
- 1M
- 0.56%
- YTD
- 8.56%
- 6M
- 8.95%
- 1Y
- 14.93%
- 3Y*
- 11.21%
- 5Y*
- 5.94%
- 10Y*
- 7.28%
BGRT.NEO
- 1D
- 0.00%
- 1M
- -0.56%
- YTD
- 6.70%
- 6M
- 5.55%
- 1Y
- 6.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MREL.TO vs. BGRT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MREL.TO Middlefield Real Estate Dividend ETF | 8.56% | 13.13% | 6.12% | 8.80% |
BGRT.NEO BMO Global REIT Fund Active ETF Series | 6.70% | 1.51% | 5.79% | 8.18% |
Correlation
The correlation between MREL.TO and BGRT.NEO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.21 |
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Return for Risk
MREL.TO vs. BGRT.NEO — Risk / Return Rank
MREL.TO
BGRT.NEO
MREL.TO vs. BGRT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Middlefield Real Estate Dividend ETF (MREL.TO) and BMO Global REIT Fund Active ETF Series (BGRT.NEO). 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.
| MREL.TO | BGRT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.13 | +0.84 |
| Martin ratioReturn relative to average drawdown | 7.94 | 3.09 | +4.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MREL.TO | BGRT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.72 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.54 | +0.03 |
Drawdowns
MREL.TO vs. BGRT.NEO - Drawdown Comparison
The maximum MREL.TO drawdown since its inception was -35.00%, which is greater than BGRT.NEO's maximum drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for MREL.TO and BGRT.NEO.
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Drawdown Indicators
| MREL.TO | BGRT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.00% | -16.06% | -18.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -6.17% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -2.24% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -4.02% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.26% | -0.37% |
Volatility
MREL.TO vs. BGRT.NEO - Volatility Comparison
Middlefield Real Estate Dividend ETF (MREL.TO) has a higher volatility of 3.40% compared to BMO Global REIT Fund Active ETF Series (BGRT.NEO) at 2.59%. This indicates that MREL.TO's price experiences larger fluctuations and is considered to be riskier than BGRT.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MREL.TO | BGRT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 2.59% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 8.12% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.93% | 9.72% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 14.17% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 14.17% | +1.29% |
Dividends
MREL.TO vs. BGRT.NEO - Dividend Comparison
MREL.TO's dividend yield for the trailing twelve months is around 6.79%, more than BGRT.NEO's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRT.NEO BMO Global REIT Fund Active ETF Series | 3.94% | 4.14% | 4.03% | 1.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MREL.TO Middlefield Real Estate Dividend ETF | 6.79% | 7.16% | 7.53% | 7.42% | 8.66% | 5.43% | 6.97% | 6.06% | 6.29% | 6.27% | 6.50% | 6.35% |
Frequently Asked Questions
MREL.TO and BGRT.NEO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Middlefield and BMO.
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