VRE vs. XIC.TO
Compare and contrast key facts about Veris Residential, Inc. (VRE) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO).
XIC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Feb 16, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VRE or XIC.TO.
Key characteristics
| VRE | XIC.TO | |
|---|---|---|
| YTD Return | 16.34% | 21.06% |
| 1Y Return | 32.09% | 30.25% |
| 3Y Return (Ann) | -1.55% | 7.48% |
| 5Y Return (Ann) | -2.68% | 11.09% |
| 10Y Return (Ann) | 1.38% | 8.45% |
| Sharpe Ratio | 1.11 | 3.01 |
| Sortino Ratio | 1.64 | 4.14 |
| Omega Ratio | 1.20 | 1.56 |
| Calmar Ratio | 0.54 | 4.60 |
| Martin Ratio | 6.00 | 22.30 |
| Ulcer Index | 4.76% | 1.38% |
| Daily Std Dev | 25.76% | 10.22% |
| Max Drawdown | -71.48% | -48.21% |
| Current Drawdown | -35.38% | -0.35% |
Correlation
The correlation between VRE and XIC.TO is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VRE vs. XIC.TO - Performance Comparison
In the year-to-date period, VRE achieves a 16.34% return, which is significantly lower than XIC.TO's 21.06% return. Over the past 10 years, VRE has underperformed XIC.TO with an annualized return of 1.38%, while XIC.TO has yielded a comparatively higher 8.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
VRE vs. XIC.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Veris Residential, Inc. (VRE) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.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.
Dividends
VRE vs. XIC.TO - Dividend Comparison
VRE's dividend yield for the trailing twelve months is around 1.30%, less than XIC.TO's 2.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRE Veris Residential, Inc. | 1.30% | 0.65% | 0.00% | 0.00% | 4.82% | 3.46% | 4.08% | 3.25% | 2.07% | 2.57% | 4.72% | 6.98% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.50% | 2.95% | 3.10% | 2.45% | 3.03% | 3.01% | 3.19% | 2.49% | 2.72% | 3.21% | 2.59% | 2.67% |
Drawdowns
VRE vs. XIC.TO - Drawdown Comparison
The maximum VRE drawdown since its inception was -71.48%, which is greater than XIC.TO's maximum drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for VRE and XIC.TO. For additional features, visit the drawdowns tool.
Volatility
VRE vs. XIC.TO - Volatility Comparison
Veris Residential, Inc. (VRE) has a higher volatility of 8.26% compared to iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) at 3.11%. This indicates that VRE's price experiences larger fluctuations and is considered to be riskier than XIC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.