TGREX vs. VEQT.TO

Last updated Jun 5, 2026

TGREX (TCW Global Real Estate Fund) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both funds - TGREX is a REIT fund managed by TCW, while VEQT.TO is a Global Equities fund actively managed by Vanguard. Over the past 5 years, TGREX returned 1.33%/yr vs 10.98%/yr for VEQT.TO. A 0.71 correlation means they provide meaningful diversification when combined. TGREX charges 0.90%/yr vs 0.24%/yr for VEQT.TO.

Performance

TGREX vs. VEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Global Real Estate Fund (TGREX) and Vanguard All-Equity ETF Portfolio (VEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, TGREX achieves a 8.87% return, which is significantly lower than VEQT.TO's 11.97% return.

TGREX

• 1D: -0.38%
• 1M: -1.35%
• YTD: 8.87%
• 6M: 9.65%
• 1Y: 12.10%
• 3Y*: 9.05%
• 5Y*: 1.33%
• 10Y*: 6.12%

VEQT.TO

• 1D: 0.51%
• 1M: 3.73%
• YTD: 11.97%
• 6M: 13.29%
• 1Y: 30.43%
• 3Y*: 21.32%
• 5Y*: 10.98%
• 10Y*: —

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

TGREX vs. VEQT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TGREX TCW Global Real Estate Fund	8.87%	7.69%	1.94%	11.29%	-25.92%	27.96%	14.65%	16.28%
VEQT.TO Vanguard All-Equity ETF Portfolio	11.97%	26.14%	14.87%	19.36%	-16.74%	20.50%	13.66%	14.10%

Correlation

The correlation between TGREX and VEQT.TO is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019	0.71

The correlation between TGREX and VEQT.TO shifts across timeframes, from 0.60 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TGREX vs. VEQT.TO — Risk / Return Rank

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

TGREX

TGREX Risk / Return Rank: 14
TGREX Sharpe Ratio Rank: 13
TGREX Sortino Ratio Rank: 13
TGREX Omega Ratio Rank: 12
TGREX Calmar Ratio Rank: 15
TGREX Martin Ratio Rank: 15

VEQT.TO

VEQT.TO Risk / Return Rank: 85
VEQT.TO Sharpe Ratio Rank: 86
VEQT.TO Sortino Ratio Rank: 87
VEQT.TO Omega Ratio Rank: 86
VEQT.TO Calmar Ratio Rank: 80
VEQT.TO Martin Ratio Rank: 86

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.

TGREX vs. VEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Global Real Estate Fund (TGREX) and Vanguard All-Equity ETF Portfolio (VEQT.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.

	TGREX	VEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.94	2.41	-1.47
Sortino ratio: Return per unit of downside risk	1.39	3.28	-1.90
Omega ratio: Gain probability vs. loss probability	1.17	1.43	-0.26
Calmar ratio: Return relative to maximum drawdown	1.28	3.37	-2.10
Martin ratio: Return relative to average drawdown	3.99	14.93	-10.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGREX vs. VEQT.TO - Sharpe Ratio Comparison

The current TGREX Sharpe Ratio is 0.94, which is lower than the VEQT.TO Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of TGREX and VEQT.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.

Sharpe Ratios by Period

	TGREX	VEQT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	2.41	-1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.69	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.72	-0.38

Drawdowns

TGREX vs. VEQT.TO - Drawdown Comparison

The maximum TGREX drawdown since its inception was -37.78%, roughly equal to the maximum VEQT.TO drawdown of -36.58%. Use the drawdown chart below to compare losses from any high point for TGREX and VEQT.TO.

Drawdown Indicators

	TGREX	VEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-37.78%	-36.58%	-1.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-9.06%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-19.89%	-15.40%	-4.49%
Max Drawdown (5Y) Largest decline over 5 years	-33.48%	-25.36%	-8.12%
Max Drawdown (10Y) Largest decline over 10 years	-37.78%	—	—
Current Drawdown Current decline from peak	-3.74%	-0.40%	-3.34%
Average Drawdown Average peak-to-trough decline	-8.91%	-5.25%	-3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	2.04%	+1.04%

Volatility

TGREX vs. VEQT.TO - Volatility Comparison

TCW Global Real Estate Fund (TGREX) and Vanguard All-Equity ETF Portfolio (VEQT.TO) have volatilities of 3.92% and 3.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGREX	VEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	3.91%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.79%	10.26%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	12.67%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.08%	15.91%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.79%	18.78%	-1.99%

TGREX vs. VEQT.TO - Expense Ratio Comparison

TGREX has a 0.90% expense ratio, which is higher than VEQT.TO's 0.24% expense ratio.

Dividends

TGREX vs. VEQT.TO - Dividend Comparison

TGREX's dividend yield for the trailing twelve months is around 2.81%, more than VEQT.TO's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TGREX TCW Global Real Estate Fund	2.81%	2.96%	1.90%	1.76%	2.10%	10.16%	0.75%	2.65%	2.81%	2.15%	3.85%	2.80%
VEQT.TO Vanguard All-Equity ETF Portfolio	1.25%	1.42%	1.58%	1.88%	2.09%	1.40%	1.48%	1.42%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TGREX and VEQT.TO in my portfolio?

TGREX and VEQT.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.