MREL.TO vs. REIT.TO
MREL.TO (Middlefield Real Estate Dividend ETF) and REIT.TO (Global X Equal Weight Canadian REITs Index ETF) are both REIT funds. MREL.TO is actively managed, while REIT.TO is passively managed. Over the past year, MREL.TO returned 20.08% vs 15.70% for REIT.TO. At a 0.47 correlation, their price movements are largely independent.
Performance
MREL.TO vs. REIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MREL.TO achieves a 15.32% return, which is significantly higher than REIT.TO's 14.43% 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%
REIT.TO
- 1D
- -0.53%
- 1M
- 1.81%
- 6M
- 8.60%
- YTD
- 14.43%
- 1Y
- 15.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MREL.TO vs. REIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MREL.TO Middlefield Real Estate Dividend ETF | 15.32% | 12.35% |
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 14.43% | 12.44% |
Correlation
The correlation between MREL.TO and REIT.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025 | 0.47 |
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Return for Risk
MREL.TO vs. REIT.TO — Risk / Return Rank
MREL.TO
REIT.TO
MREL.TO vs. REIT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Middlefield Real Estate Dividend ETF (MREL.TO) and Global X Equal Weight Canadian REITs Index ETF (REIT.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 | REIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.19 | +0.46 |
| Martin ratioReturn relative to average drawdown | 10.90 | 6.47 | +4.43 |
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Drawdowns
MREL.TO vs. REIT.TO - Drawdown Comparison
The maximum MREL.TO drawdown since its inception was -35.00%, which is greater than REIT.TO's maximum drawdown of -7.19%. Use the drawdown chart below to compare losses from any high point for MREL.TO and REIT.TO.
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Drawdown Indicators
| MREL.TO | REIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.00% | -7.19% | -27.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -7.19% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -1.46% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -1.58% | -5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 2.44% | -0.59% |
Volatility
MREL.TO vs. REIT.TO - Volatility Comparison
Middlefield Real Estate Dividend ETF (MREL.TO) has a higher volatility of 3.54% compared to Global X Equal Weight Canadian REITs Index ETF (REIT.TO) at 2.70%. This indicates that MREL.TO's price experiences larger fluctuations and is considered to be riskier than REIT.TO 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 | REIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 2.70% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 9.71% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.80% | 12.65% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 12.78% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 12.78% | +5.87% |
Dividends
MREL.TO vs. REIT.TO - Dividend Comparison
MREL.TO's dividend yield for the trailing twelve months is around 6.42%, more than REIT.TO's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 4.26% | 3.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MREL.TO and REIT.TO have a correlation of 0.47, 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 Global X.
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