VRE.TO vs. RIT.TO
VRE.TO (Vanguard FTSE Canadian Capped REIT Index ETF) and RIT.TO (CI Canadian REIT ETF) are both REIT funds. VRE.TO is passively managed, while RIT.TO is actively managed. Over the past 10 years, VRE.TO returned 4.52%/yr vs 6.70%/yr for RIT.TO. A 0.77 correlation means they provide meaningful diversification when combined. VRE.TO charges 0.30%/yr vs 0.87%/yr for RIT.TO.
Performance
VRE.TO vs. RIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VRE.TO achieves a 1.12% return, which is significantly lower than RIT.TO's 8.12% return. Over the past 10 years, VRE.TO has underperformed RIT.TO with an annualized return of 4.52%, while RIT.TO has yielded a comparatively higher 6.70% 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%
RIT.TO
- 1D
- 0.51%
- 1M
- 0.10%
- YTD
- 8.12%
- 6M
- 11.01%
- 1Y
- 11.45%
- 3Y*
- 8.55%
- 5Y*
- 3.82%
- 10Y*
- 6.70%
VRE.TO vs. RIT.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% |
RIT.TO CI Canadian REIT ETF | 8.12% | 11.98% | 2.51% | 5.37% | -20.74% | 34.36% | -6.83% | 22.86% | 3.92% | 11.74% |
Correlation
The correlation between VRE.TO and RIT.TO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012 | 0.77 |
The correlation between VRE.TO and RIT.TO shifts across timeframes, from 0.77 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
VRE.TO vs. RIT.TO - Sectors Allocation Comparison
Sectors
VRE.TO
RIT.TO
Real Estate
Financial Services
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Basic Materials
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Energy
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Industrials
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Technology
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Consumer Cyclical
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Communication Services
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Consumer Defensive
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Utilities
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Healthcare
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Real Estate
VRE.TO
RIT.TO
Financial Services
VRE.TO
RIT.TO
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Basic Materials
VRE.TO
RIT.TO
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Energy
VRE.TO
RIT.TO
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Industrials
VRE.TO
RIT.TO
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Technology
VRE.TO
RIT.TO
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Consumer Cyclical
VRE.TO
RIT.TO
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Communication Services
VRE.TO
RIT.TO
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Consumer Defensive
VRE.TO
RIT.TO
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Utilities
VRE.TO
RIT.TO
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Healthcare
VRE.TO
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RIT.TO
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Return for Risk
VRE.TO vs. RIT.TO — Risk / Return Rank
VRE.TO
RIT.TO
VRE.TO vs. RIT.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 CI Canadian REIT ETF (RIT.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 | RIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.19 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.59 | -1.32 |
| Martin ratioReturn relative to average drawdown | 0.58 | 4.58 | -4.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VRE.TO | RIT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.09 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.26 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.44 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.52 | -0.19 |
Drawdowns
VRE.TO vs. RIT.TO - Drawdown Comparison
The maximum VRE.TO drawdown since its inception was -48.06%, smaller than the maximum RIT.TO drawdown of -56.72%. Use the drawdown chart below to compare losses from any high point for VRE.TO and RIT.TO.
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Drawdown Indicators
| VRE.TO | RIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.06% | -56.72% | +8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.00% | -7.21% | -7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | -17.16% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -29.87% | -30.75% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -48.06% | -40.90% | -7.16% |
Current DrawdownCurrent decline from peak | -8.19% | -0.80% | -7.39% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -8.81% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.04% | 2.50% | +4.54% |
Volatility
VRE.TO vs. RIT.TO - Volatility Comparison
Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) has a higher volatility of 3.46% compared to CI Canadian REIT ETF (RIT.TO) at 2.96%. This indicates that VRE.TO's price experiences larger fluctuations and is considered to be riskier than RIT.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 | RIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.96% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 7.93% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.02% | 10.53% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 14.68% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 15.45% | +2.06% |
VRE.TO vs. RIT.TO - Expense Ratio Comparison
VRE.TO has a 0.30% expense ratio, which is lower than RIT.TO's 0.87% expense ratio.
Dividends
VRE.TO vs. RIT.TO - Dividend Comparison
VRE.TO's dividend yield for the trailing twelve months is around 2.81%, less than RIT.TO's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIT.TO CI Canadian REIT ETF | 4.57% | 4.85% | 5.17% | 5.04% | 5.04% | 3.82% | 4.92% | 4.35% | 5.11% | 5.05% | 5.28% | 4.79% |
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
VRE.TO and RIT.TO have a correlation of 0.85, 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 0.87% for RIT.TO.
They also come from different issuers: Vanguard and CI Investments. Their fees differ too: 0.30% for VRE.TO and 0.87% for RIT.TO.
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