VBAL.TO vs. CRT-UN.TO

Last updated Jun 9, 2026

VBAL.TO (Vanguard Balanced ETF Portfolio) is Diversified Portfolio fund actively managed by Vanguard, while CRT-UN.TO (CT Real Estate Investment Trust) is a stock. Over the past 5 years, VBAL.TO returned 7.57%/yr vs 7.05%/yr for CRT-UN.TO. At a 0.40 correlation, their price movements are largely independent.

Performance

VBAL.TO vs. CRT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Balanced ETF Portfolio (VBAL.TO) and CT Real Estate Investment Trust (CRT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VBAL.TO achieves a 6.71% return, which is significantly lower than CRT-UN.TO's 11.59% return.

VBAL.TO

• 1D: 0.10%
• 1M: 0.77%
• YTD: 6.71%
• 6M: 5.75%
• 1Y: 16.51%
• 3Y*: 13.48%
• 5Y*: 7.57%
• 10Y*: —

CRT-UN.TO

• 1D: -0.11%
• 1M: 1.42%
• YTD: 11.59%
• 6M: 15.18%
• 1Y: 16.30%
• 3Y*: 12.39%
• 5Y*: 7.05%
• 10Y*: 7.63%

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

VBAL.TO vs. CRT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VBAL.TO Vanguard Balanced ETF Portfolio	6.71%	11.92%	14.62%	12.49%	-11.39%	10.21%	10.27%	14.90%	-2.52%
CRT-UN.TO CT Real Estate Investment Trust	11.59%	20.98%	3.91%	-0.26%	-5.16%	16.12%	2.73%	47.59%	-11.25%

Correlation

The correlation between VBAL.TO and CRT-UN.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 2, 2018	0.40

The correlation between VBAL.TO and CRT-UN.TO shifts across timeframes, from 0.30 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VBAL.TO vs. CRT-UN.TO — Risk / Return Rank

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

VBAL.TO

VBAL.TO Risk / Return Rank: 68
VBAL.TO Sharpe Ratio Rank: 69
VBAL.TO Sortino Ratio Rank: 70
VBAL.TO Omega Ratio Rank: 71
VBAL.TO Calmar Ratio Rank: 62
VBAL.TO Martin Ratio Rank: 70

CRT-UN.TO

CRT-UN.TO Risk / Return Rank: 77
CRT-UN.TO Sharpe Ratio Rank: 79
CRT-UN.TO Sortino Ratio Rank: 75
CRT-UN.TO Omega Ratio Rank: 71
CRT-UN.TO Calmar Ratio Rank: 81
CRT-UN.TO Martin Ratio Rank: 82

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.

VBAL.TO vs. CRT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced ETF Portfolio (VBAL.TO) and CT Real Estate Investment Trust (CRT-UN.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.

	VBAL.TO	CRT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.29	+0.74
Sortino ratio: Return per unit of downside risk	2.85	1.93	+0.92
Omega ratio: Gain probability vs. loss probability	1.38	1.22	+0.16
Calmar ratio: Return relative to maximum drawdown	2.79	2.63	+0.17
Martin ratio: Return relative to average drawdown	11.81	6.86	+4.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VBAL.TO vs. CRT-UN.TO - Sharpe Ratio Comparison

The current VBAL.TO Sharpe Ratio is 2.03, which is higher than the CRT-UN.TO Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of VBAL.TO and CRT-UN.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

	VBAL.TO	CRT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	1.29	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.40	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.54	+0.23

Drawdowns

VBAL.TO vs. CRT-UN.TO - Drawdown Comparison

The maximum VBAL.TO drawdown since its inception was -21.19%, smaller than the maximum CRT-UN.TO drawdown of -45.88%. Use the drawdown chart below to compare losses from any high point for VBAL.TO and CRT-UN.TO.

Drawdown Indicators

	VBAL.TO	CRT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-21.19%	-45.88%	+24.69%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-6.24%	+0.31%
Max Drawdown (3Y) Largest decline over 3 years	-9.66%	-17.38%	+7.72%
Max Drawdown (5Y) Largest decline over 5 years	-16.38%	-24.70%	+8.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.88%	—
Current Drawdown Current decline from peak	-1.64%	-0.84%	-0.80%
Average Drawdown Average peak-to-trough decline	-3.14%	-6.26%	+3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	2.38%	-0.98%

Volatility

VBAL.TO vs. CRT-UN.TO - Volatility Comparison

Vanguard Balanced ETF Portfolio (VBAL.TO) has a higher volatility of 3.07% compared to CT Real Estate Investment Trust (CRT-UN.TO) at 2.78%. This indicates that VBAL.TO's price experiences larger fluctuations and is considered to be riskier than CRT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBAL.TO	CRT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	2.78%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	6.84%	9.36%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	8.18%	12.74%	-4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.67%	17.64%	-8.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.10%	20.22%	-10.12%

Dividends

VBAL.TO vs. CRT-UN.TO - Dividend Comparison

VBAL.TO's dividend yield for the trailing twelve months is around 2.09%, less than CRT-UN.TO's 5.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRT-UN.TO CT Real Estate Investment Trust	5.35%	5.77%	6.40%	6.04%	5.48%	4.76%	5.08%	4.71%	6.34%	4.84%	4.54%	5.11%
VBAL.TO Vanguard Balanced ETF Portfolio	2.09%	2.23%	2.30%	2.37%	2.21%	1.95%	1.82%	2.25%	2.04%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VBAL.TO and CRT-UN.TO in my portfolio?

VBAL.TO and CRT-UN.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.