XRE.TO vs. BNS
Compare and contrast key facts about iShares S&P/TSX Capped REIT Index ETF (XRE.TO) and The Bank of Nova Scotia (BNS).
XRE.TO is a passively managed fund by iShares that tracks the performance of the Morningstar DM REIT NR CAD. It was launched on Oct 17, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XRE.TO or BNS.
Key characteristics
| XRE.TO | BNS | |
|---|---|---|
| YTD Return | 3.45% | 18.05% |
| 1Y Return | 15.79% | 34.64% |
| 3Y Return (Ann) | -4.83% | -1.00% |
| 5Y Return (Ann) | -0.02% | 4.49% |
| 10Y Return (Ann) | 4.35% | 4.04% |
| Sharpe Ratio | 0.90 | 1.99 |
| Sortino Ratio | 1.45 | 2.68 |
| Omega Ratio | 1.17 | 1.34 |
| Calmar Ratio | 0.55 | 0.96 |
| Martin Ratio | 3.02 | 6.90 |
| Ulcer Index | 4.99% | 5.11% |
| Daily Std Dev | 16.69% | 17.76% |
| Max Drawdown | -57.06% | -63.79% |
| Current Drawdown | -14.56% | -14.36% |
Correlation
The correlation between XRE.TO and BNS is 0.56, 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
XRE.TO vs. BNS - Performance Comparison
In the year-to-date period, XRE.TO achieves a 3.45% return, which is significantly lower than BNS's 18.05% return. Over the past 10 years, XRE.TO has outperformed BNS with an annualized return of 4.35%, while BNS has yielded a comparatively lower 4.04% 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
XRE.TO vs. BNS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped REIT Index ETF (XRE.TO) and The Bank of Nova Scotia (BNS). 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
XRE.TO vs. BNS - Dividend Comparison
XRE.TO's dividend yield for the trailing twelve months is around 4.77%, less than BNS's 5.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 4.77% | 4.52% | 4.85% | 2.59% | 4.45% | 4.82% | 4.80% | 4.71% | 5.20% | 5.59% | 4.93% | 4.93% |
BNS The Bank of Nova Scotia | 5.82% | 6.41% | 6.39% | 4.02% | 4.94% | 3.53% | 5.10% | 3.75% | 3.97% | 6.63% | 4.11% | 2.82% |
Drawdowns
XRE.TO vs. BNS - Drawdown Comparison
The maximum XRE.TO drawdown since its inception was -57.06%, smaller than the maximum BNS drawdown of -63.79%. Use the drawdown chart below to compare losses from any high point for XRE.TO and BNS. For additional features, visit the drawdowns tool.
Volatility
XRE.TO vs. BNS - Volatility Comparison
iShares S&P/TSX Capped REIT Index ETF (XRE.TO) has a higher volatility of 5.41% compared to The Bank of Nova Scotia (BNS) at 4.29%. This indicates that XRE.TO's price experiences larger fluctuations and is considered to be riskier than BNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.