VRE.TO vs. REIT
VRE.TO (Vanguard FTSE Canadian Capped REIT Index ETF) and REIT (ALPS Active REIT ETF) are both REIT funds. VRE.TO is passively managed, while REIT is actively managed. Over the past 5 years, VRE.TO returned 1.39%/yr vs 6.89%/yr for REIT. A 0.58 correlation means they provide meaningful diversification when combined. VRE.TO charges 0.30%/yr vs 0.68%/yr for REIT.
Performance
VRE.TO vs. REIT - Performance Comparison
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Different Trading Currencies
VRE.TO is traded in CAD, while REIT is traded in USD. To make them comparable, the REIT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VRE.TO achieves a 5.92% return, which is significantly lower than REIT's 21.40% return.
VRE.TO
- 1D
- 0.39%
- 1M
- 2.67%
- 6M
- 1.44%
- YTD
- 5.92%
- 1Y
- 5.38%
- 3Y*
- 6.86%
- 5Y*
- 1.39%
- 10Y*
- 4.67%
REIT
- 1D
- -0.90%
- 1M
- 2.09%
- 6M
- 17.04%
- YTD
- 21.40%
- 1Y
- 23.54%
- 3Y*
- 12.38%
- 5Y*
- 6.89%
- 10Y*
- —
VRE.TO vs. REIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VRE.TO Vanguard FTSE Canadian Capped REIT Index ETF | 5.92% | 4.62% | 7.38% | 9.26% | -22.66% | 27.97% |
REIT ALPS Active REIT ETF | 21.40% | -5.09% | 16.17% | 11.03% | -16.24% | 34.44% |
Correlation
The correlation between VRE.TO and REIT is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2021 | 0.58 |
The correlation between VRE.TO and REIT has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.
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Return for Risk
VRE.TO vs. REIT — Risk / Return Rank
VRE.TO
REIT
VRE.TO vs. REIT - 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 ALPS Active REIT ETF (REIT). 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.
| VRE.TO | REIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.29 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 3.57 | -3.20 |
| Martin ratioReturn relative to average drawdown | 0.78 | 8.99 | -8.22 |
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Drawdowns
VRE.TO vs. REIT - Drawdown Comparison
The maximum VRE.TO drawdown since its inception was -48.06%, which is greater than REIT's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for VRE.TO and REIT.
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Drawdown Indicators
| VRE.TO | REIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.06% | -22.65% | -25.41% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -6.62% | -7.86% |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | -17.12% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -29.85% | -22.65% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -48.06% | — | — |
Current DrawdownCurrent decline from peak | -3.26% | -2.08% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -8.05% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.95% | 2.62% | +4.33% |
Volatility
VRE.TO vs. REIT - Volatility Comparison
The current volatility for Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) is 3.83%, while ALPS Active REIT ETF (REIT) has a volatility of 5.03%. This indicates that VRE.TO experiences smaller price fluctuations and is considered to be less risky than REIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRE.TO | REIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 5.03% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 10.58% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 14.03% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 19.39% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 19.16% | -1.62% |
VRE.TO vs. REIT - Expense Ratio Comparison
VRE.TO has a 0.30% expense ratio, which is lower than REIT's 0.68% expense ratio.
Dividends
VRE.TO vs. REIT - Dividend Comparison
VRE.TO's dividend yield for the trailing twelve months is around 2.68%, which matches REIT's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REIT ALPS Active REIT ETF | 2.69% | 3.20% | 3.06% | 3.13% | 2.81% | 4.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRE.TO Vanguard FTSE Canadian Capped REIT Index ETF | 2.68% | 2.84% | 2.97% | 2.65% | 4.75% | 2.73% | 3.74% | 5.15% | 3.83% | 3.72% | 4.10% | 2.01% |
Frequently Asked Questions
VRE.TO and REIT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VRE.TO is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VRE.TO is cheaper with a 0.30% expense ratio, compared with 0.68% for REIT.
They also come from different issuers: Vanguard and ALPS. Their fees differ too: 0.30% for VRE.TO and 0.68% for REIT.
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