TGRE.TO vs. XRE.TO
TGRE.TO (TD Active Global Real Estate Equity ETF) and XRE.TO (iShares S&P/TSX Capped REIT Index ETF) are both REIT funds. TGRE.TO is actively managed, while XRE.TO is passively managed. Over the past 5 years, TGRE.TO returned 2.56%/yr vs 1.41%/yr for XRE.TO. At a 0.47 correlation, their price movements are largely independent.
Performance
TGRE.TO vs. XRE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TGRE.TO achieves a 11.82% return, which is significantly lower than XRE.TO's 14.29% return.
TGRE.TO
- 1D
- 0.51%
- 1M
- 0.97%
- 6M
- 7.74%
- YTD
- 11.82%
- 1Y
- 13.18%
- 3Y*
- 10.96%
- 5Y*
- 2.56%
- 10Y*
- —
XRE.TO
- 1D
- 0.00%
- 1M
- 1.69%
- 6M
- 8.19%
- YTD
- 14.29%
- 1Y
- 12.47%
- 3Y*
- 6.68%
- 5Y*
- 1.41%
- 10Y*
- 4.75%
TGRE.TO vs. XRE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TGRE.TO TD Active Global Real Estate Equity ETF | 11.82% | 0.39% | 14.77% | 8.69% | -27.34% | 32.66% | 2.37% | -0.70% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 14.29% | 8.89% | -2.52% | 1.88% | -17.34% | 32.54% | -13.58% | -1.41% |
Correlation
The correlation between TGRE.TO and XRE.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019 | 0.47 |
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Return for Risk
TGRE.TO vs. XRE.TO — Risk / Return Rank
TGRE.TO
XRE.TO
TGRE.TO vs. XRE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Active Global Real Estate Equity ETF (TGRE.TO) and iShares S&P/TSX Capped REIT Index ETF (XRE.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.
| TGRE.TO | XRE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.67 | -0.09 |
| Martin ratioReturn relative to average drawdown | 4.13 | 4.20 | -0.07 |
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Drawdowns
TGRE.TO vs. XRE.TO - Drawdown Comparison
The maximum TGRE.TO drawdown since its inception was -33.49%, smaller than the maximum XRE.TO drawdown of -57.01%. Use the drawdown chart below to compare losses from any high point for TGRE.TO and XRE.TO.
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Drawdown Indicators
| TGRE.TO | XRE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -57.01% | +23.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -7.51% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -12.62% | -20.91% | +8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -30.53% | -2.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.58% | — |
Current DrawdownCurrent decline from peak | -1.17% | -1.37% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -12.77% | -10.78% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.98% | +0.22% |
Volatility
TGRE.TO vs. XRE.TO - Volatility Comparison
TD Active Global Real Estate Equity ETF (TGRE.TO) has a higher volatility of 3.92% compared to iShares S&P/TSX Capped REIT Index ETF (XRE.TO) at 3.16%. This indicates that TGRE.TO's price experiences larger fluctuations and is considered to be riskier than XRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGRE.TO | XRE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.16% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 8.84% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 11.62% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 16.19% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 17.58% | -0.22% |
Dividends
TGRE.TO vs. XRE.TO - Dividend Comparison
TGRE.TO's dividend yield for the trailing twelve months is around 4.78%, more than XRE.TO's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGRE.TO TD Active Global Real Estate Equity ETF | 4.78% | 5.21% | 4.50% | 4.93% | 5.00% | 1.92% | 2.04% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 4.29% | 5.00% | 5.55% | 4.52% | 4.85% | 2.62% | 4.50% | 4.88% | 4.86% | 4.77% | 5.27% | 5.66% |
Frequently Asked Questions
TGRE.TO and XRE.TO have a correlation of 0.46, 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: TD and iShares.
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