REIT.TO vs. HCRE.TO
REIT.TO (Global X Equal Weight Canadian REITs Index ETF) and HCRE.TO (Global X Equal Weight Canadian REITs Index Corporate Class ETF) are both REIT funds from Global X - REIT.TO tracks the Mirae Asset Equal Weight Canadian REITs Index while HCRE.TO tracks the Solactive Equal Weight Canada REIT Index (Total Return). Both are passively managed. Over the past year, REIT.TO returned 20.88% vs 16.05% for HCRE.TO. At a 0.49 correlation, their price movements are largely independent.
Performance
REIT.TO vs. HCRE.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with REIT.TO having a 15.70% return and HCRE.TO slightly higher at 16.01%.
REIT.TO
- 1D
- 0.04%
- 1M
- 4.69%
- 6M
- 15.92%
- YTD
- 15.70%
- 1Y
- 20.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HCRE.TO
- 1D
- 0.27%
- 1M
- 5.76%
- 6M
- 15.93%
- YTD
- 16.01%
- 1Y
- 16.05%
- 3Y*
- 11.37%
- 5Y*
- 4.48%
- 10Y*
- —
REIT.TO vs. HCRE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 15.70% | 12.44% |
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF | 16.01% | 11.03% |
Correlation
The correlation between REIT.TO and HCRE.TO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025 | 0.49 |
The correlation between REIT.TO and HCRE.TO has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
REIT.TO vs. HCRE.TO — Risk / Return Rank
REIT.TO
HCRE.TO
REIT.TO vs. HCRE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian REITs Index ETF (REIT.TO) and Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.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.
| REIT.TO | HCRE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.36 | +0.55 |
| Martin ratioReturn relative to average drawdown | 8.61 | 6.64 | +1.97 |
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Drawdowns
REIT.TO vs. HCRE.TO - Drawdown Comparison
The maximum REIT.TO drawdown since its inception was -7.19%, smaller than the maximum HCRE.TO drawdown of -43.39%. Use the drawdown chart below to compare losses from any high point for REIT.TO and HCRE.TO.
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Drawdown Indicators
| REIT.TO | HCRE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.19% | -43.39% | +36.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -7.76% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.87% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -12.25% | +10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.76% | -0.33% |
Volatility
REIT.TO vs. HCRE.TO - Volatility Comparison
The current volatility for Global X Equal Weight Canadian REITs Index ETF (REIT.TO) is 2.51%, while Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE.TO) has a volatility of 3.09%. This indicates that REIT.TO experiences smaller price fluctuations and is considered to be less risky than HCRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REIT.TO | HCRE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 3.09% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 9.47% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 12.20% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 16.48% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.85% | 19.84% | -6.99% |
Dividends
REIT.TO vs. HCRE.TO - Dividend Comparison
REIT.TO's dividend yield for the trailing twelve months is around 4.22%, while HCRE.TO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HCRE.TO Global X Equal Weight Canadian REITs Index Corporate Class ETF | 0.00% | 0.00% |
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 4.22% | 3.20% |
Frequently Asked Questions
REIT.TO and HCRE.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REIT.TO tracks Mirae Asset Equal Weight Canadian REITs Index, while HCRE.TO tracks Solactive Equal Weight Canada REIT Index (Total Return).
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