VRE.TO vs. ENB.TO

Last updated Jun 5, 2026

VRE.TO (Vanguard FTSE Canadian Capped REIT Index ETF) is REIT fund tracking the FTSE CA All Cap RE Capped 25% Idx, while ENB.TO (Enbridge Inc.) is a stock. Over the past 10 years, VRE.TO returned 4.52%/yr vs 10.48%/yr for ENB.TO. At a 0.31 correlation, their price movements are largely independent.

Performance

VRE.TO vs. ENB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) and Enbridge Inc. (ENB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRE.TO achieves a 1.12% return, which is significantly lower than ENB.TO's 23.18% return. Over the past 10 years, VRE.TO has underperformed ENB.TO with an annualized return of 4.52%, while ENB.TO has yielded a comparatively higher 10.48% annualized return.

VRE.TO

• 1D: 0.53%
• 1M: 1.02%
• YTD: 1.12%
• 6M: 1.48%
• 1Y: 4.11%
• 3Y*: 5.69%
• 5Y*: 1.59%
• 10Y*: 4.52%

ENB.TO

• 1D: 1.61%
• 1M: 6.63%
• YTD: 23.18%
• 6M: 20.29%
• 1Y: 30.27%
• 3Y*: 23.91%
• 5Y*: 18.13%
• 10Y*: 10.48%

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

VRE.TO vs. ENB.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VRE.TO Vanguard FTSE Canadian Capped REIT Index ETF	1.12%	3.98%	7.36%	9.25%	-22.67%	35.57%	-12.27%	21.14%	1.86%	10.10%
ENB.TO Enbridge Inc.	23.18%	14.10%	37.18%	-3.27%	13.96%	29.98%	-15.30%	29.43%	-8.30%	-8.84%

Correlation

The correlation between VRE.TO and ENB.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.31

Over the past year, the correlation between VRE.TO and ENB.TO has dropped to 0.08 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Return for Risk

VRE.TO vs. ENB.TO — Risk / Return Rank

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

VRE.TO

VRE.TO Risk / Return Rank: 13
VRE.TO Sharpe Ratio Rank: 14
VRE.TO Sortino Ratio Rank: 13
VRE.TO Omega Ratio Rank: 13
VRE.TO Calmar Ratio Rank: 12
VRE.TO Martin Ratio Rank: 12

ENB.TO

ENB.TO Risk / Return Rank: 85
ENB.TO Sharpe Ratio Rank: 87
ENB.TO Sortino Ratio Rank: 86
ENB.TO Omega Ratio Rank: 83
ENB.TO Calmar Ratio Rank: 84
ENB.TO Martin Ratio Rank: 84

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.

VRE.TO vs. ENB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) and Enbridge Inc. (ENB.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.

	VRE.TO	ENB.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.32	1.96	-1.64
Sortino ratio: Return per unit of downside risk	0.53	2.79	-2.25
Omega ratio: Gain probability vs. loss probability	1.06	1.33	-0.27
Calmar ratio: Return relative to maximum drawdown	0.27	3.23	-2.95
Martin ratio: Return relative to average drawdown	0.58	8.18	-7.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VRE.TO vs. ENB.TO - Sharpe Ratio Comparison

The current VRE.TO Sharpe Ratio is 0.32, which is lower than the ENB.TO Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of VRE.TO and ENB.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

	VRE.TO	ENB.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	1.96	-1.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	1.16	-1.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.47	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.61	-0.28

Drawdowns

VRE.TO vs. ENB.TO - Drawdown Comparison

The maximum VRE.TO drawdown since its inception was -48.06%, roughly equal to the maximum ENB.TO drawdown of -48.20%. Use the drawdown chart below to compare losses from any high point for VRE.TO and ENB.TO.

Drawdown Indicators

	VRE.TO	ENB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-48.06%	-48.20%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-15.00%	-9.42%	-5.58%
Max Drawdown (3Y) Largest decline over 3 years	-18.42%	-13.95%	-4.47%
Max Drawdown (5Y) Largest decline over 5 years	-29.87%	-21.38%	-8.49%
Max Drawdown (10Y) Largest decline over 10 years	-48.06%	-39.47%	-8.59%
Current Drawdown Current decline from peak	-8.19%	-1.70%	-6.49%
Average Drawdown Average peak-to-trough decline	-8.28%	-10.25%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.04%	3.71%	+3.33%

Volatility

VRE.TO vs. ENB.TO - Volatility Comparison

The current volatility for Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) is 3.46%, while Enbridge Inc. (ENB.TO) has a volatility of 5.88%. This indicates that VRE.TO experiences smaller price fluctuations and is considered to be less risky than ENB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRE.TO	ENB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	5.88%	-2.42%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	12.67%	-2.68%
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	15.60%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	15.67%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.51%	22.43%	-4.92%

Dividends

VRE.TO vs. ENB.TO - Dividend Comparison

VRE.TO's dividend yield for the trailing twelve months is around 2.81%, less than ENB.TO's 4.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENB.TO Enbridge Inc.	4.85%	5.74%	6.00%	7.45%	6.50%	6.76%	7.96%	5.72%	6.33%	4.91%	3.75%	4.04%
VRE.TO Vanguard FTSE Canadian Capped REIT Index ETF	2.81%	2.85%	2.96%	2.64%	4.73%	2.73%	3.72%	5.15%	3.82%	3.72%	4.10%	2.01%

Frequently Asked Questions

Can I hold both VRE.TO and ENB.TO in my portfolio?

VRE.TO and ENB.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.