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VRE.TO vs. XEG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VRE.TO vs. XEG.TO

Last updated Jun 5, 2026

VRE.TO (Vanguard FTSE Canadian Capped REIT Index ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - VRE.TO is a REIT fund tracking the FTSE CA All Cap RE Capped 25% Idx, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 10 years, VRE.TO returned 4.52%/yr vs 11.72%/yr for XEG.TO. At a 0.20 correlation, their price movements are largely independent. VRE.TO charges 0.30%/yr vs 0.61%/yr for XEG.TO.

Performance

VRE.TO vs. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

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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 XEG.TO's 45.28% return. Over the past 10 years, VRE.TO has underperformed XEG.TO with an annualized return of 4.52%, while XEG.TO has yielded a comparatively higher 11.72% 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%

XEG.TO

1D
0.65%
1M
-0.64%
YTD
45.28%
6M
40.30%
1Y
73.90%
3Y*
28.57%
5Y*
29.65%
10Y*
11.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		45.28%16.72%14.08%3.52%53.25%83.71%-34.41%8.98%-27.05%-11.18%

Correlation

The correlation between VRE.TO and XEG.TO is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (10Y)
Calculated over the trailing 10-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2012

0.20

The correlation between VRE.TO and XEG.TO shifts across timeframes, from -0.16 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

VRE.TO vs. XEG.TO - Sectors Allocation Comparison

Sectors
VRE.TO
XEG.TO

Real Estate

100.0%

-

Financial Services

0.2%

-

Basic Materials

0.1%

-

Energy

0.1%
100.0%

Industrials

0.0%

-

Technology

0.0%

-

Consumer Cyclical

0.0%

-

Communication Services

0.0%

-

Consumer Defensive

0.0%

-

Utilities

0.0%

-

Healthcare

-

-

Real Estate

VRE.TO
100.0%
XEG.TO

-

Financial Services

VRE.TO
0.2%
XEG.TO

-

Basic Materials

VRE.TO
0.1%
XEG.TO

-

Energy

VRE.TO
0.1%
XEG.TO
100.0%

Industrials

VRE.TO
0.0%
XEG.TO

-

Technology

VRE.TO
0.0%
XEG.TO

-

Consumer Cyclical

VRE.TO
0.0%
XEG.TO

-

Communication Services

VRE.TO
0.0%
XEG.TO

-

Consumer Defensive

VRE.TO
0.0%
XEG.TO

-

Utilities

VRE.TO
0.0%
XEG.TO

-

Healthcare

VRE.TO

-

XEG.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE Canadian Capped REIT Index ETF

iShares S&P/TSX Capped Energy Index ETF

Often compared with VRE.TO:
VRE.TO vs. XRE.TOVRE.TO vs. ZRE.TOVRE.TO vs. VDY.TOVRE.TO vs. VCN.TOVRE.TO vs. VFV.TOVRE.TO vs. XEI.TOVRE.TO vs. VCE.TO
Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO

Return for Risk

VRE.TO vs. XEG.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: 1313
Overall Rank
VRE.TO Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
VRE.TO Sortino Ratio Rank: 1313
Sortino Ratio Rank
VRE.TO Omega Ratio Rank: 1313
Omega Ratio Rank
VRE.TO Calmar Ratio Rank: 1212
Calmar Ratio Rank
VRE.TO Martin Ratio Rank: 1212
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 8989
Overall Rank
XEG.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8989
Martin Ratio Rank
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. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.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.TOXEG.TODifference
Sharpe ratioReturn per unit of total volatility
0.32
3.27

-2.96

Sortino ratioReturn per unit of downside risk
0.53
3.81

-3.28

Omega ratioGain probability vs. loss probability

1.06

1.51

-0.45

Calmar ratioReturn relative to maximum drawdown

0.27

6.68

-6.40

Martin ratioReturn relative to average drawdown

0.58

19.94

-19.35

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. XEG.TO - Sharpe Ratio Comparison

The current VRE.TO Sharpe Ratio is 0.32, which is lower than the XEG.TO Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of VRE.TO and XEG.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.

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Sharpe Ratios by Period

VRE.TOXEG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.32

3.27

-2.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.10

1.04

-0.94

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

0.35

-0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.28

+0.05

Drawdowns

VRE.TO vs. XEG.TO - Drawdown Comparison

The maximum VRE.TO drawdown since its inception was -48.06%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for VRE.TO and XEG.TO.

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Drawdown Indicators

VRE.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.06%

-87.74%

+39.68%

Max Drawdown (1Y)

Largest decline over 1 year

-15.00%

-11.12%

-3.88%

Max Drawdown (3Y)

Largest decline over 3 years

-18.42%

-25.67%

+7.25%

Max Drawdown (5Y)

Largest decline over 5 years

-29.87%

-28.42%

-1.45%

Max Drawdown (10Y)

Largest decline over 10 years

-48.06%

-79.66%

+31.60%

Current Drawdown

Current decline from peak

-8.19%

-3.38%

-4.81%

Average Drawdown

Average peak-to-trough decline

-8.28%

-29.18%

+20.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.04%

3.72%

+3.32%

Volatility

VRE.TO vs. XEG.TO - Volatility Comparison

The current volatility for Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) is 3.46%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 9.24%. This indicates that VRE.TO experiences smaller price fluctuations and is considered to be less risky than XEG.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.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.46%

9.24%

-5.78%

Volatility (6M)

Calculated over the trailing 6-month period

9.99%

18.90%

-8.91%

Volatility (1Y)

Calculated over the trailing 1-year period

13.02%

22.74%

-9.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.96%

28.62%

-12.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.51%

33.40%

-15.89%

VRE.TO vs. XEG.TO - Expense Ratio Comparison

VRE.TO has a 0.30% expense ratio, which is lower than XEG.TO's 0.61% expense ratio.

Dividends

VRE.TO vs. XEG.TO - Dividend Comparison

VRE.TO's dividend yield for the trailing twelve months is around 2.81%, more than XEG.TO's 2.64% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.64%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

VRE.TO and XEG.TO have a correlation of -0.16, 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 0.61% for XEG.TO.

VRE.TO is categorized as REIT, while XEG.TO is Energy Equities. VRE.TO tracks FTSE CA All Cap RE Capped 25% Idx, while XEG.TO tracks S&P/TSX Capped Energy Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.30% for VRE.TO and 0.61% for XEG.TO.

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