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XIU.TO vs. XRE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIU.TO vs. XRE.TO

Last updated Jun 13, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and XRE.TO (iShares S&P/TSX Capped REIT Index ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while XRE.TO is a REIT fund tracking the Morningstar DM REIT NR CAD. Both are passively managed. Over the past 10 years, XIU.TO returned 13.04%/yr vs 5.10%/yr for XRE.TO. At a 0.46 correlation, their price movements are largely independent. XIU.TO charges 0.18%/yr vs 0.61%/yr for XRE.TO.

Performance

XIU.TO vs. XRE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares S&P/TSX Capped REIT Index ETF (XRE.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, XIU.TO achieves a 11.35% return, which is significantly lower than XRE.TO's 13.45% return. Over the past 10 years, XIU.TO has outperformed XRE.TO with an annualized return of 13.04%, while XRE.TO has yielded a comparatively lower 5.10% annualized return.

XIU.TO

1D
0.62%
1M
4.37%
YTD
11.35%
6M
12.04%
1Y
32.43%
3Y*
22.94%
5Y*
14.53%
10Y*
13.04%

XRE.TO

1D
1.00%
1M
6.08%
YTD
13.45%
6M
16.21%
1Y
13.57%
3Y*
6.64%
5Y*
2.18%
10Y*
5.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. XRE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIU.TO
iShares S&P/TSX 60 Index ETF		11.35%28.89%20.73%11.85%-6.35%28.06%5.27%21.81%-7.82%9.58%
XRE.TO
iShares S&P/TSX Capped REIT Index ETF		13.45%8.89%-2.52%1.88%-17.34%32.54%-13.58%21.98%5.72%9.33%

Correlation

The correlation between XIU.TO and XRE.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.44

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

0.55

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

0.58

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

0.50

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.46

The correlation between XIU.TO and XRE.TO shifts across timeframes, from 0.44 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

XIU.TO vs. XRE.TO - Sectors Allocation Comparison

Sectors
XIU.TO
XRE.TO

Financial Services

39.4%

-

Energy

18.6%

-

Basic Materials

13.3%

-

Technology

8.8%

-

Industrials

7.9%

-

Consumer Cyclical

4.1%

-

Consumer Defensive

3.2%

-

Utilities

2.6%

-

Communication Services

2.0%

-

Real Estate

0.2%
100.0%

Healthcare

-

-

Financial Services

XIU.TO
39.4%
XRE.TO

-

Energy

XIU.TO
18.6%
XRE.TO

-

Basic Materials

XIU.TO
13.3%
XRE.TO

-

Technology

XIU.TO
8.8%
XRE.TO

-

Industrials

XIU.TO
7.9%
XRE.TO

-

Consumer Cyclical

XIU.TO
4.1%
XRE.TO

-

Consumer Defensive

XIU.TO
3.2%
XRE.TO

-

Utilities

XIU.TO
2.6%
XRE.TO

-

Communication Services

XIU.TO
2.0%
XRE.TO

-

Real Estate

XIU.TO
0.2%
XRE.TO
100.0%

Healthcare

XIU.TO

-

XRE.TO

-

Compare stocks, funds, or ETFs

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iShares S&P/TSX 60 Index ETF

iShares S&P/TSX Capped REIT Index ETF

Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO
Often compared with XRE.TO:
XRE.TO vs. ZRE.TOXRE.TO vs. VRE.TOXRE.TO vs. CGR.TOXRE.TO vs. XIC.TOXRE.TO vs. XDIV.TOXRE.TO vs. XBB.TOXRE.TO vs. VOO

Return for Risk

XIU.TO vs. XRE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIU.TO
XIU.TO Risk / Return Rank: 8989
Overall Rank
XIU.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9292
Martin Ratio Rank
XRE.TO
XRE.TO Risk / Return Rank: 3636
Overall Rank
XRE.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
XRE.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
XRE.TO Omega Ratio Rank: 3333
Omega Ratio Rank
XRE.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
XRE.TO Martin Ratio Rank: 3434
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.

XIU.TO vs. XRE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares S&P/TSX Capped REIT Index ETF (XRE.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.

XIU.TOXRE.TODifference
Sharpe ratioReturn per unit of total volatility
2.71
1.17

+1.54

Sortino ratioReturn per unit of downside risk
3.61
1.73

+1.88

Omega ratioGain probability vs. loss probability

1.49

1.20

+0.29

Calmar ratioReturn relative to maximum drawdown

4.26

1.82

+2.44

Martin ratioReturn relative to average drawdown

19.57

4.56

+15.01

XIU.TO vs. XRE.TO - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.71, which is higher than the XRE.TO Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of XIU.TO and XRE.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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Drawdowns

XIU.TO vs. XRE.TO - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, smaller than the maximum XRE.TO drawdown of -57.01%. Use the drawdown chart below to compare losses from any high point for XIU.TO and XRE.TO.

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Drawdown Indicators

XIU.TOXRE.TODifference

Max Drawdown

Largest peak-to-trough decline

-46.98%

-57.01%

+10.03%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-7.51%

-0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-20.91%

+8.55%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-30.53%

+14.17%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

-46.58%

+11.12%

Current Drawdown

Current decline from peak

-0.19%

-0.55%

+0.36%

Average Drawdown

Average peak-to-trough decline

-6.85%

-10.78%

+3.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

3.00%

-1.34%

Volatility

XIU.TO vs. XRE.TO - Volatility Comparison

iShares S&P/TSX 60 Index ETF (XIU.TO) has a higher volatility of 4.06% compared to iShares S&P/TSX Capped REIT Index ETF (XRE.TO) at 3.08%. This indicates that XIU.TO's price experiences larger fluctuations and is considered to be riskier than XRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIU.TOXRE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.06%

3.08%

+0.98%

Volatility (6M)

Calculated over the trailing 6-month period

9.62%

8.74%

+0.88%

Volatility (1Y)

Calculated over the trailing 1-year period

12.03%

11.75%

+0.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.83%

16.18%

-3.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

17.58%

-2.56%

XIU.TO vs. XRE.TO - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is lower than XRE.TO's 0.61% expense ratio.

Dividends

XIU.TO vs. XRE.TO - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.18%, less than XRE.TO's 4.34% yield.

PositionTTM20252024202320222021202020192018201720162015
XIU.TO
iShares S&P/TSX 60 Index ETF		2.18%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%
XRE.TO
iShares S&P/TSX Capped REIT Index ETF		4.34%5.00%5.55%4.52%4.85%2.62%4.50%4.88%4.86%4.77%5.27%5.66%

Frequently Asked Questions

XIU.TO and XRE.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.61% for XRE.TO.

XIU.TO is categorized as Canada Equities, while XRE.TO is REIT. XIU.TO tracks S&P/TSX 60 Index, while XRE.TO tracks Morningstar DM REIT NR CAD. Their fees differ too: 0.18% for XIU.TO and 0.61% for XRE.TO.

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