XRE.TO vs. RIT.TO
XRE.TO (iShares S&P/TSX Capped REIT Index ETF) and RIT.TO (CI Canadian REIT ETF) are both REIT funds. XRE.TO is passively managed, while RIT.TO is actively managed. Over the past 10 years, XRE.TO returned 4.82%/yr vs 6.70%/yr for RIT.TO. A 0.58 correlation means they provide meaningful diversification when combined. XRE.TO charges 0.61%/yr vs 0.87%/yr for RIT.TO.
Performance
XRE.TO vs. RIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XRE.TO achieves a 10.05% return, which is significantly higher than RIT.TO's 8.12% return. Over the past 10 years, XRE.TO has underperformed RIT.TO with an annualized return of 4.82%, while RIT.TO has yielded a comparatively higher 6.70% annualized return.
XRE.TO
- 1D
- 0.45%
- 1M
- 0.50%
- YTD
- 10.05%
- 6M
- 12.65%
- 1Y
- 12.66%
- 3Y*
- 5.22%
- 5Y*
- 1.97%
- 10Y*
- 4.82%
RIT.TO
- 1D
- 0.51%
- 1M
- 0.10%
- YTD
- 8.12%
- 6M
- 11.01%
- 1Y
- 11.45%
- 3Y*
- 8.55%
- 5Y*
- 3.82%
- 10Y*
- 6.70%
XRE.TO vs. RIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 10.05% | 8.89% | -2.52% | 1.88% | -17.34% | 32.49% | -13.63% | 21.91% | 5.66% | 9.27% |
RIT.TO CI Canadian REIT ETF | 8.12% | 11.98% | 2.51% | 5.37% | -20.74% | 34.36% | -6.83% | 22.86% | 3.92% | 11.74% |
Correlation
The correlation between XRE.TO and RIT.TO is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2004 | 0.58 |
Over the past year, XRE.TO and RIT.TO have become more correlated (0.95) than their long-term average of 0.58, meaning their price movements have been converging.
XRE.TO vs. RIT.TO - Sectors Allocation Comparison
Sectors
XRE.TO
RIT.TO
Real Estate
Basic Materials
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Communication Services
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Consumer Cyclical
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-
Consumer Defensive
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-
Energy
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-
Financial Services
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-
Healthcare
-
Industrials
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-
Technology
-
-
Utilities
-
-
Real Estate
XRE.TO
RIT.TO
Basic Materials
XRE.TO
-
RIT.TO
-
Communication Services
XRE.TO
-
RIT.TO
-
Consumer Cyclical
XRE.TO
-
RIT.TO
-
Consumer Defensive
XRE.TO
-
RIT.TO
-
Energy
XRE.TO
-
RIT.TO
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Financial Services
XRE.TO
-
RIT.TO
-
Healthcare
XRE.TO
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RIT.TO
Industrials
XRE.TO
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RIT.TO
-
Technology
XRE.TO
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RIT.TO
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Utilities
XRE.TO
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RIT.TO
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Return for Risk
XRE.TO vs. RIT.TO — Risk / Return Rank
XRE.TO
RIT.TO
XRE.TO vs. RIT.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 CI Canadian REIT ETF (RIT.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.
| XRE.TO | RIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.59 | +0.10 |
| Martin ratioReturn relative to average drawdown | 4.23 | 4.58 | -0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XRE.TO | RIT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.09 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.26 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.44 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.52 | -0.03 |
Drawdowns
XRE.TO vs. RIT.TO - Drawdown Comparison
The maximum XRE.TO drawdown since its inception was -57.06%, roughly equal to the maximum RIT.TO drawdown of -56.72%. Use the drawdown chart below to compare losses from any high point for XRE.TO and RIT.TO.
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Drawdown Indicators
| XRE.TO | RIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.06% | -56.72% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.51% | -7.21% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.91% | -17.16% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -30.75% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -46.58% | -40.90% | -5.68% |
Current DrawdownCurrent decline from peak | -3.53% | -0.80% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -8.81% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.50% | +0.50% |
Volatility
XRE.TO vs. RIT.TO - Volatility Comparison
iShares S&P/TSX Capped REIT Index ETF (XRE.TO) has a higher volatility of 3.32% compared to CI Canadian REIT ETF (RIT.TO) at 2.96%. This indicates that XRE.TO's price experiences larger fluctuations and is considered to be riskier than RIT.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 | RIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.96% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 7.93% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 10.53% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 14.68% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.57% | 15.45% | +2.12% |
XRE.TO vs. RIT.TO - Expense Ratio Comparison
XRE.TO has a 0.61% expense ratio, which is lower than RIT.TO's 0.87% expense ratio.
Dividends
XRE.TO vs. RIT.TO - Dividend Comparison
XRE.TO's dividend yield for the trailing twelve months is around 4.47%, less than RIT.TO's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIT.TO CI Canadian REIT ETF | 4.57% | 4.85% | 5.17% | 5.04% | 5.04% | 3.82% | 4.92% | 4.35% | 5.11% | 5.05% | 5.28% | 4.79% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 4.47% | 5.00% | 5.55% | 4.52% | 4.85% | 2.59% | 4.45% | 4.82% | 4.80% | 4.71% | 5.20% | 5.59% |
Frequently Asked Questions
With a correlation of 0.95, XRE.TO and RIT.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XRE.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XRE.TO is cheaper with a 0.61% expense ratio, compared with 0.87% for RIT.TO.
They also come from different issuers: iShares and CI Investments. Their fees differ too: 0.61% for XRE.TO and 0.87% for RIT.TO.
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