VRE.TO vs. REIT.TO
VRE.TO (Vanguard FTSE Canadian Capped REIT Index ETF) and REIT.TO (Global X Equal Weight Canadian REITs Index ETF) are both REIT funds - VRE.TO tracks the FTSE CA All Cap RE Capped 25% Idx while REIT.TO tracks the Mirae Asset Equal Weight Canadian REITs Index. Both are passively managed. Over the past year, VRE.TO returned 5.38% vs 15.70% for REIT.TO. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
VRE.TO vs. REIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VRE.TO achieves a 5.92% return, which is significantly lower than REIT.TO's 14.43% 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.TO
- 1D
- -0.53%
- 1M
- 1.81%
- 6M
- 8.60%
- YTD
- 14.43%
- 1Y
- 15.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VRE.TO vs. REIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VRE.TO Vanguard FTSE Canadian Capped REIT Index ETF | 5.92% | 8.56% |
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 14.43% | 12.44% |
Correlation
The correlation between VRE.TO and REIT.TO is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025 | 0.59 |
The correlation between VRE.TO and REIT.TO has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
VRE.TO vs. REIT.TO — Risk / Return Rank
VRE.TO
REIT.TO
VRE.TO vs. REIT.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 Global X Equal Weight Canadian REITs Index ETF (REIT.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.
| VRE.TO | REIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 2.19 | -1.82 |
| Martin ratioReturn relative to average drawdown | 0.78 | 6.47 | -5.69 |
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Drawdowns
VRE.TO vs. REIT.TO - Drawdown Comparison
The maximum VRE.TO drawdown since its inception was -48.06%, which is greater than REIT.TO's maximum drawdown of -7.19%. Use the drawdown chart below to compare losses from any high point for VRE.TO and REIT.TO.
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Drawdown Indicators
| VRE.TO | REIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.06% | -7.19% | -40.87% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -7.19% | -7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.06% | — | — |
Current DrawdownCurrent decline from peak | -3.26% | -1.46% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -1.58% | -6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.95% | 2.44% | +4.51% |
Volatility
VRE.TO vs. REIT.TO - Volatility Comparison
Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) has a higher volatility of 3.83% compared to Global X Equal Weight Canadian REITs Index ETF (REIT.TO) at 2.70%. This indicates that VRE.TO's price experiences larger fluctuations and is considered to be riskier than REIT.TO 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.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 2.70% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 9.71% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 12.65% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 12.78% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 12.78% | +4.76% |
Dividends
VRE.TO vs. REIT.TO - Dividend Comparison
VRE.TO's dividend yield for the trailing twelve months is around 2.68%, less than REIT.TO's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 4.26% | 3.20% | 0.00% | 0.00% | 0.00% | 0.00% | 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.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VRE.TO tracks FTSE CA All Cap RE Capped 25% Idx, while REIT.TO tracks Mirae Asset Equal Weight Canadian REITs Index. They also come from different issuers: Vanguard and Global X.
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