RIT.TO vs. AVRE

Last updated Jun 4, 2026

RIT.TO (CI Canadian REIT ETF) and AVRE (Avantis Real Estate ETF) are both REIT funds. Both are actively managed. Over the past 3 years, RIT.TO returned 8.19%/yr vs 9.52%/yr for AVRE. A 0.64 correlation means they provide meaningful diversification when combined. RIT.TO charges 0.87%/yr vs 0.17%/yr for AVRE.

Performance

RIT.TO vs. AVRE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Canadian REIT ETF (RIT.TO) and Avantis Real Estate ETF (AVRE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RIT.TO is traded in CAD, while AVRE is traded in USD. To make them comparable, the AVRE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RIT.TO achieves a 7.57% return, which is significantly lower than AVRE's 8.60% return.

RIT.TO

• 1D: -0.62%
• 1M: -0.30%
• YTD: 7.57%
• 6M: 9.98%
• 1Y: 10.62%
• 3Y*: 8.19%
• 5Y*: 3.71%
• 10Y*: 6.65%

AVRE

• 1D: 0.11%
• 1M: 0.72%
• YTD: 8.60%
• 6M: 6.51%
• 1Y: 11.00%
• 3Y*: 9.52%
• 5Y*: —
• 10Y*: —

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

RIT.TO vs. AVRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RIT.TO CI Canadian REIT ETF	7.57%	11.98%	2.51%	5.37%	-20.74%	8.67%
AVRE Avantis Real Estate ETF	8.60%	3.37%	9.18%	6.70%	-18.26%	12.85%

Correlation

The correlation between RIT.TO and AVRE is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	0.64

The correlation between RIT.TO and AVRE shifts across timeframes, from 0.53 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

RIT.TO vs. AVRE - Sectors Allocation Comparison

Sectors	RIT.TO	AVRE
Real Estate	96.0%	99.3%
Healthcare	4.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Industrials	-	-
Technology	-	-
Utilities	-	0.1%

Return for Risk

RIT.TO vs. AVRE — Risk / Return Rank

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

RIT.TO

RIT.TO Risk / Return Rank: 29
RIT.TO Sharpe Ratio Rank: 28
RIT.TO Sortino Ratio Rank: 28
RIT.TO Omega Ratio Rank: 26
RIT.TO Calmar Ratio Rank: 30
RIT.TO Martin Ratio Rank: 30

AVRE

AVRE Risk / Return Rank: 23
AVRE Sharpe Ratio Rank: 23
AVRE Sortino Ratio Rank: 22
AVRE Omega Ratio Rank: 22
AVRE Calmar Ratio Rank: 22
AVRE Martin Ratio Rank: 27

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.

RIT.TO vs. AVRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Canadian REIT ETF (RIT.TO) and Avantis Real Estate ETF (AVRE). 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.

	RIT.TO	AVRE	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.95	+0.06
Sortino ratio: Return per unit of downside risk	1.53	1.34	+0.19
Omega ratio: Gain probability vs. loss probability	1.18	1.17	+0.01
Calmar ratio: Return relative to maximum drawdown	1.48	1.43	+0.04
Martin ratio: Return relative to average drawdown	4.25	4.31	-0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RIT.TO vs. AVRE - Sharpe Ratio Comparison

The current RIT.TO Sharpe Ratio is 1.01, which is comparable to the AVRE Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of RIT.TO and AVRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RIT.TO	AVRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	0.95	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.29	+0.23

Drawdowns

RIT.TO vs. AVRE - Drawdown Comparison

The maximum RIT.TO drawdown since its inception was -56.72%, which is greater than AVRE's maximum drawdown of -26.75%. Use the drawdown chart below to compare losses from any high point for RIT.TO and AVRE.

Drawdown Indicators

	RIT.TO	AVRE	Difference
Max Drawdown Largest peak-to-trough decline	-56.72%	-26.75%	-29.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.21%	-7.71%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	-17.16%	-13.22%	-3.94%
Max Drawdown (5Y) Largest decline over 5 years	-30.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.90%	—	—
Current Drawdown Current decline from peak	-1.31%	-2.24%	+0.93%
Average Drawdown Average peak-to-trough decline	-8.81%	-10.19%	+1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.56%	-0.06%

Volatility

RIT.TO vs. AVRE - Volatility Comparison

The current volatility for CI Canadian REIT ETF (RIT.TO) is 2.92%, while Avantis Real Estate ETF (AVRE) has a volatility of 3.46%. This indicates that RIT.TO experiences smaller price fluctuations and is considered to be less risky than AVRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIT.TO	AVRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	3.46%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	7.92%	8.94%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	11.59%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	14.34%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	14.34%	+1.12%

RIT.TO vs. AVRE - Expense Ratio Comparison

RIT.TO has a 0.87% expense ratio, which is higher than AVRE's 0.17% expense ratio.

Dividends

RIT.TO vs. AVRE - Dividend Comparison

RIT.TO's dividend yield for the trailing twelve months is around 4.59%, more than AVRE's 3.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVRE Avantis Real Estate ETF	3.51%	4.30%	3.99%	3.33%	3.78%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RIT.TO CI Canadian REIT ETF	4.59%	4.85%	5.17%	5.04%	5.04%	3.82%	4.92%	4.35%	5.11%	5.05%	5.28%	4.79%

Frequently Asked Questions

Can I hold both RIT.TO and AVRE in my portfolio?

RIT.TO and AVRE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RIT.TO or AVRE?

On fees, AVRE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RIT.TO or AVRE?

AVRE is cheaper with a 0.17% expense ratio, compared with 0.87% for RIT.TO.

What is the main difference between RIT.TO and AVRE?

They also come from different issuers: CI Investments and Avantis. Their fees differ too: 0.87% for RIT.TO and 0.17% for AVRE.