VRE vs. ZRE.TO
Compare and contrast key facts about Veris Residential, Inc. (VRE) and BMO Equal Weight REITs Index ETF (ZRE.TO).
ZRE.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Canada REIT Index. It was launched on May 19, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VRE or ZRE.TO.
Key characteristics
| VRE | ZRE.TO | |
|---|---|---|
| YTD Return | 17.24% | 8.22% |
| 1Y Return | 39.12% | 23.00% |
| 3Y Return (Ann) | -1.13% | -3.11% |
| 5Y Return (Ann) | -2.27% | 2.07% |
| 10Y Return (Ann) | 1.63% | 6.00% |
| Sharpe Ratio | 1.27 | 1.33 |
| Sortino Ratio | 1.84 | 2.12 |
| Omega Ratio | 1.23 | 1.25 |
| Calmar Ratio | 0.61 | 0.70 |
| Martin Ratio | 6.87 | 5.78 |
| Ulcer Index | 4.75% | 3.57% |
| Daily Std Dev | 25.62% | 15.54% |
| Max Drawdown | -71.48% | -46.29% |
| Current Drawdown | -34.88% | -13.23% |
Correlation
The correlation between VRE and ZRE.TO is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VRE vs. ZRE.TO - Performance Comparison
In the year-to-date period, VRE achieves a 17.24% return, which is significantly higher than ZRE.TO's 8.22% return. Over the past 10 years, VRE has underperformed ZRE.TO with an annualized return of 1.63%, while ZRE.TO has yielded a comparatively higher 6.00% 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. ZRE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Veris Residential, Inc. (VRE) and BMO Equal Weight REITs Index ETF (ZRE.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. ZRE.TO - Dividend Comparison
VRE's dividend yield for the trailing twelve months is around 1.29%, less than ZRE.TO's 4.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRE Veris Residential, Inc. | 1.29% | 0.65% | 0.00% | 0.00% | 4.82% | 3.46% | 4.08% | 3.25% | 2.07% | 2.57% | 4.72% | 6.98% |
ZRE.TO BMO Equal Weight REITs Index ETF | 4.95% | 5.14% | 4.97% | 3.87% | 5.01% | 4.17% | 4.95% | 5.05% | 5.46% | 6.00% | 5.13% | 5.17% |
Drawdowns
VRE vs. ZRE.TO - Drawdown Comparison
The maximum VRE drawdown since its inception was -71.48%, which is greater than ZRE.TO's maximum drawdown of -46.29%. Use the drawdown chart below to compare losses from any high point for VRE and ZRE.TO. For additional features, visit the drawdowns tool.
Volatility
VRE vs. ZRE.TO - Volatility Comparison
Veris Residential, Inc. (VRE) has a higher volatility of 8.27% compared to BMO Equal Weight REITs Index ETF (ZRE.TO) at 4.79%. This indicates that VRE's price experiences larger fluctuations and is considered to be riskier than ZRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.