MREL.TO vs. CGRE.TO
MREL.TO (Middlefield Real Estate Dividend ETF) and CGRE.TO (CI Global REIT Private Pool) are both REIT funds. Both are actively managed. Over the past 5 years, MREL.TO returned 5.23%/yr vs 3.15%/yr for CGRE.TO. At a 0.37 correlation, their price movements are largely independent.
Performance
MREL.TO vs. CGRE.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MREL.TO achieves a 15.32% return, which is significantly higher than CGRE.TO's 13.94% return.
MREL.TO
- 1D
- 0.07%
- 1M
- 2.74%
- 6M
- 9.24%
- YTD
- 15.32%
- 1Y
- 20.08%
- 3Y*
- 12.86%
- 5Y*
- 5.23%
- 10Y*
- 7.46%
CGRE.TO
- 1D
- 0.00%
- 1M
- 2.27%
- 6M
- 10.96%
- YTD
- 13.94%
- 1Y
- 13.95%
- 3Y*
- 8.76%
- 5Y*
- 3.15%
- 10Y*
- —
MREL.TO vs. CGRE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MREL.TO Middlefield Real Estate Dividend ETF | 15.32% | 13.13% | 6.12% | 7.86% | -21.63% | 36.36% | 11.85% |
CGRE.TO CI Global REIT Private Pool | 13.94% | 3.39% | 4.66% | 11.66% | -23.63% | 35.03% | 8.96% |
Correlation
The correlation between MREL.TO and CGRE.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.37 |
The correlation between MREL.TO and CGRE.TO shifts across timeframes, from 0.25 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MREL.TO vs. CGRE.TO — Risk / Return Rank
MREL.TO
CGRE.TO
MREL.TO vs. CGRE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Middlefield Real Estate Dividend ETF (MREL.TO) and CI Global REIT Private Pool (CGRE.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.
| MREL.TO | CGRE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.68 | +0.98 |
| Martin ratioReturn relative to average drawdown | 10.90 | 5.23 | +5.67 |
Loading charts...
Drawdowns
MREL.TO vs. CGRE.TO - Drawdown Comparison
The maximum MREL.TO drawdown since its inception was -35.00%, which is greater than CGRE.TO's maximum drawdown of -28.28%. Use the drawdown chart below to compare losses from any high point for MREL.TO and CGRE.TO.
Loading charts...
Drawdown Indicators
| MREL.TO | CGRE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.00% | -28.28% | -6.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -8.38% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -13.72% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | -28.28% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -0.09% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -9.49% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 2.68% | -0.83% |
Volatility
MREL.TO vs. CGRE.TO - Volatility Comparison
Middlefield Real Estate Dividend ETF (MREL.TO) has a higher volatility of 3.54% compared to CI Global REIT Private Pool (CGRE.TO) at 1.88%. This indicates that MREL.TO's price experiences larger fluctuations and is considered to be riskier than CGRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MREL.TO | CGRE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 1.88% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 9.28% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.80% | 12.01% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 14.92% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 14.36% | +4.29% |
Dividends
MREL.TO vs. CGRE.TO - Dividend Comparison
MREL.TO's dividend yield for the trailing twelve months is around 6.42%, more than CGRE.TO's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGRE.TO CI Global REIT Private Pool | 4.45% | 4.95% | 4.88% | 4.86% | 5.16% | 3.77% | 2.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MREL.TO Middlefield Real Estate Dividend ETF | 6.42% | 7.16% | 7.53% | 7.42% | 7.42% | 5.43% | 6.97% | 6.06% | 6.29% | 6.27% | 6.33% | 6.40% |
Frequently Asked Questions
MREL.TO and CGRE.TO have a correlation of 0.25, 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 CI.
Find the right allocation for MREL.TO and CGRE.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer