RIRA.TO vs. REIT.TO

Last updated Jul 25, 2026

RIRA.TO (Russell Investments Real Assets) and REIT.TO (Global X Equal Weight Canadian REITs Index ETF) are both exchange-traded funds - RIRA.TO is a Infrastructure Equities fund actively managed by Russell Investments Canada Limited, while REIT.TO is a REIT fund tracking the Mirae Asset Equal Weight Canadian REITs Index. RIRA.TO is actively managed, while REIT.TO is passively managed. Over the past year, RIRA.TO returned 26.17% vs 15.68% for REIT.TO. At a 0.23 correlation, their price movements are largely independent. RIRA.TO charges 1.31%/yr vs 0.25%/yr for REIT.TO.

Performance

RIRA.TO vs. REIT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Russell Investments Real Assets (RIRA.TO) and Global X Equal Weight Canadian REITs Index ETF (REIT.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RIRA.TO achieves a 18.72% return, which is significantly higher than REIT.TO's 13.17% return.

RIRA.TO

• 1D: 0.46%
• 1M: 2.78%
• 6M: 13.99%
• YTD: 18.72%
• 1Y: 26.17%
• 3Y*: 11.94%
• 5Y*: 7.83%
• 10Y*: —
• ALL TIME*: 6.36%

REIT.TO

• 1D: -1.71%
• 1M: 0.56%
• 6M: 7.96%
• YTD: 13.17%
• 1Y: 15.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
REIT.TO Global X Equal Weight Canadian REITs Index ETF	CA$18.48K	CA$13.98K	CA$14.85K
RIRA.TO Russell Investments Real Assets	CA$30.02K	CA$31.90K	CA$47.40K

RIRA.TO vs. REIT.TO - Yearly Performance Comparison

	2026 (YTD)	2025
RIRA.TO Russell Investments Real Assets	18.72%	12.47%
REIT.TO Global X Equal Weight Canadian REITs Index ETF	13.17%	12.44%

Correlation

The correlation between RIRA.TO and REIT.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	0.23

Return for Risk

RIRA.TO vs. REIT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RIRA.TO

RIRA.TO Risk / Return Rank: 95
RIRA.TO Sharpe Ratio Rank: 95
RIRA.TO Sortino Ratio Rank: 95
RIRA.TO Omega Ratio Rank: 95
RIRA.TO Calmar Ratio Rank: 96
RIRA.TO Martin Ratio Rank: 95

REIT.TO

REIT.TO Risk / Return Rank: 51
REIT.TO Sharpe Ratio Rank: 47
REIT.TO Sortino Ratio Rank: 49
REIT.TO Omega Ratio Rank: 47
REIT.TO Calmar Ratio Rank: 59
REIT.TO Martin Ratio Rank: 52

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.

RIRA.TO vs. REIT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments Real Assets (RIRA.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.

	RIRA.TO	REIT.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.88	1.16	+1.72
Sortino ratio: Return per unit of downside risk	4.03	1.75	+2.29
Omega ratio: Gain probability vs. loss probability	1.53	1.21	+0.31
Calmar ratio: Return relative to maximum drawdown	5.98	2.06	+3.92
Martin ratio: Return relative to average drawdown	21.53	6.05	+15.48

RIRA.TO vs. REIT.TO - Sharpe Ratio Comparison

The current RIRA.TO Sharpe Ratio is 2.88, which is higher than the REIT.TO Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of RIRA.TO and REIT.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.

Drawdowns

RIRA.TO vs. REIT.TO - Drawdown Comparison

The maximum RIRA.TO drawdown since its inception was -25.82%, 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 RIRA.TO and REIT.TO.

Drawdown Indicators

	RIRA.TO	REIT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.82%	-7.19%	-18.63%
Max Drawdown (1Y) Largest decline over 1 year	-4.40%	-7.19%	+2.79%
Max Drawdown (3Y) Largest decline over 3 years	-12.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.56%	—	—
Current Drawdown Current decline from peak	0.00%	-2.55%	+2.55%
Average Drawdown Average peak-to-trough decline	-6.12%	-1.57%	-4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	2.44%	-1.22%

Volatility

RIRA.TO vs. REIT.TO - Volatility Comparison

The current volatility for Russell Investments Real Assets (RIRA.TO) is 2.03%, while Global X Equal Weight Canadian REITs Index ETF (REIT.TO) has a volatility of 3.12%. This indicates that RIRA.TO experiences smaller price fluctuations and is considered to be less risky than REIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIRA.TO	REIT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.03%	3.12%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	6.56%	9.72%	-3.16%
Volatility (1Y) Calculated over the trailing 1-year period	9.12%	12.76%	-3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.70%	12.79%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.83%	12.79%	+1.04%

RIRA.TO vs. REIT.TO - Expense Ratio Comparison

RIRA.TO has a 1.31% expense ratio, which is higher than REIT.TO's 0.25% expense ratio.

Dividends

RIRA.TO vs. REIT.TO - Dividend Comparison

RIRA.TO's dividend yield for the trailing twelve months is around 3.78%, less than REIT.TO's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
REIT.TO Global X Equal Weight Canadian REITs Index ETF	4.31%	3.20%	0.00%	0.00%	0.00%	0.00%	0.00%
RIRA.TO Russell Investments Real Assets	3.78%	4.27%	4.31%	6.16%	6.34%	3.95%	4.58%

Frequently Asked Questions

Can I hold both RIRA.TO and REIT.TO in my portfolio?

RIRA.TO and REIT.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RIRA.TO or REIT.TO?

On fees, REIT.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RIRA.TO or REIT.TO?

REIT.TO is cheaper with a 0.25% expense ratio, compared with 1.31% for RIRA.TO.

What is the main difference between RIRA.TO and REIT.TO?

RIRA.TO is categorized as Infrastructure Equities, while REIT.TO is REIT. They also come from different issuers: Russell Investments Canada Limited and Global X. Their fees differ too: 1.31% for RIRA.TO and 0.25% for REIT.TO.