XRE.TO vs. REIT.TO
XRE.TO (iShares S&P/TSX Capped REIT Index ETF) and REIT.TO (Global X Equal Weight Canadian REITs Index ETF) are both REIT funds - XRE.TO tracks the S&P/TSX Capped REIT Index while REIT.TO tracks the Mirae Asset Equal Weight Canadian REITs Index. Both are passively managed. Over the past year, XRE.TO returned 12.47% vs 15.70% for REIT.TO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
XRE.TO vs. REIT.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XRE.TO having a 14.29% return and REIT.TO slightly higher at 14.43%.
XRE.TO
- 1D
- 0.00%
- 1M
- 1.69%
- 6M
- 8.19%
- YTD
- 14.29%
- 1Y
- 12.47%
- 3Y*
- 6.68%
- 5Y*
- 1.41%
- 10Y*
- 4.75%
REIT.TO
- 1D
- -0.53%
- 1M
- 1.81%
- 6M
- 8.60%
- YTD
- 14.43%
- 1Y
- 15.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRE.TO vs. REIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 14.29% | 9.21% |
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 14.43% | 12.44% |
Correlation
The correlation between XRE.TO and REIT.TO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025 | 0.60 |
The correlation between XRE.TO and REIT.TO has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
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Return for Risk
XRE.TO vs. REIT.TO — Risk / Return Rank
XRE.TO
REIT.TO
XRE.TO vs. REIT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped REIT Index ETF (XRE.TO) and Global X Equal Weight Canadian REITs Index ETF (REIT.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.
| XRE.TO | REIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.19 | -0.52 |
| Martin ratioReturn relative to average drawdown | 4.20 | 6.47 | -2.27 |
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Drawdowns
XRE.TO vs. REIT.TO - Drawdown Comparison
The maximum XRE.TO drawdown since its inception was -57.01%, which is greater than REIT.TO's maximum drawdown of -7.19%. Use the drawdown chart below to compare losses from any high point for XRE.TO and REIT.TO.
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Drawdown Indicators
| XRE.TO | REIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.01% | -7.19% | -49.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.51% | -7.19% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -20.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.58% | — | — |
Current DrawdownCurrent decline from peak | -1.37% | -1.46% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -1.58% | -9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.44% | +0.54% |
Volatility
XRE.TO vs. REIT.TO - Volatility Comparison
iShares S&P/TSX Capped REIT Index ETF (XRE.TO) has a higher volatility of 3.16% compared to Global X Equal Weight Canadian REITs Index ETF (REIT.TO) at 2.70%. This indicates that XRE.TO's price experiences larger fluctuations and is considered to be riskier than REIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XRE.TO | REIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.70% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.84% | 9.71% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.62% | 12.65% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 12.78% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 12.78% | +4.80% |
Dividends
XRE.TO vs. REIT.TO - Dividend Comparison
XRE.TO's dividend yield for the trailing twelve months is around 4.29%, which matches REIT.TO's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 4.26% | 3.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 4.29% | 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
XRE.TO and REIT.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRE.TO tracks S&P/TSX Capped REIT Index, while REIT.TO tracks Mirae Asset Equal Weight Canadian REITs Index. They also come from different issuers: iShares and Global X.
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