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

XRE.TO vs. VEQT.TO

Last updated Jun 5, 2026

XRE.TO (iShares S&P/TSX Capped REIT Index ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - XRE.TO is a REIT fund tracking the Morningstar DM REIT NR CAD, while VEQT.TO is a Global Equities fund actively managed by Vanguard. XRE.TO is passively managed, while VEQT.TO is actively managed. Over the past 5 years, XRE.TO returned 1.97%/yr vs 14.14%/yr for VEQT.TO. A 0.50 correlation means they provide meaningful diversification when combined. XRE.TO charges 0.61%/yr vs 0.24%/yr for VEQT.TO.

Performance

XRE.TO vs. VEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped REIT Index ETF (XRE.TO) and Vanguard All-Equity ETF Portfolio (VEQT.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, XRE.TO achieves a 10.05% return, which is significantly lower than VEQT.TO's 13.42% 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%

VEQT.TO

1D
0.59%
1M
5.93%
YTD
13.42%
6M
12.84%
1Y
32.66%
3Y*
22.69%
5Y*
14.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
XRE.TO
iShares S&P/TSX Capped REIT Index ETF		10.05%8.89%-2.52%1.88%-17.34%32.49%-13.63%12.33%
VEQT.TO
Vanguard All-Equity ETF Portfolio		13.42%20.37%24.73%16.70%-10.76%19.62%11.42%12.94%

Correlation

The correlation between XRE.TO and VEQT.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.37

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

0.49

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

0.54

Correlation (All Time)
Calculated using the full available price history since Feb 6, 2019

0.50

The correlation between XRE.TO and VEQT.TO shifts across timeframes, from 0.37 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
XRE.TO
VEQT.TO

Real Estate

100.0%
2.2%

Basic Materials

-

8.6%

Communication Services

-

6.0%

Consumer Cyclical

-

7.8%

Consumer Defensive

-

4.5%

Energy

-

8.7%

Financial Services

-

20.7%

Healthcare

-

6.6%

Industrials

-

11.6%

Technology

-

20.3%

Utilities

-

2.8%

Real Estate

XRE.TO
100.0%
VEQT.TO
2.2%

Basic Materials

XRE.TO

-

VEQT.TO
8.6%

Communication Services

XRE.TO

-

VEQT.TO
6.0%

Consumer Cyclical

XRE.TO

-

VEQT.TO
7.8%

Consumer Defensive

XRE.TO

-

VEQT.TO
4.5%

Energy

XRE.TO

-

VEQT.TO
8.7%

Financial Services

XRE.TO

-

VEQT.TO
20.7%

Healthcare

XRE.TO

-

VEQT.TO
6.6%

Industrials

XRE.TO

-

VEQT.TO
11.6%

Technology

XRE.TO

-

VEQT.TO
20.3%

Utilities

XRE.TO

-

VEQT.TO
2.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX Capped REIT Index ETF

Vanguard All-Equity ETF Portfolio

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
Often compared with VEQT.TO:
VEQT.TO vs. XEQT.TOVEQT.TO vs. VFV.TOVEQT.TO vs. VGRO.TOVEQT.TO vs. VOOVEQT.TO vs. ZEQT.TOVEQT.TO vs. SPYVEQT.TO vs. VBAL.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XRE.TO
XRE.TO Risk / Return Rank: 3131
Overall Rank
XRE.TO Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
XRE.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
XRE.TO Omega Ratio Rank: 2828
Omega Ratio Rank
XRE.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
XRE.TO Martin Ratio Rank: 3030
Martin Ratio Rank
VEQT.TO
VEQT.TO Risk / Return Rank: 8585
Overall Rank
VEQT.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VEQT.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
VEQT.TO Omega Ratio Rank: 8686
Omega Ratio Rank
VEQT.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
VEQT.TO Martin Ratio Rank: 8686
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.

XRE.TO vs. VEQT.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 Vanguard All-Equity ETF Portfolio (VEQT.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.TOVEQT.TODifference
Sharpe ratioReturn per unit of total volatility
1.09
2.83

-1.73

Sortino ratioReturn per unit of downside risk
1.62
3.88

-2.25

Omega ratioGain probability vs. loss probability

1.19

1.52

-0.34

Calmar ratioReturn relative to maximum drawdown

1.69

4.07

-2.38

Martin ratioReturn relative to average drawdown

4.23

17.94

-13.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XRE.TO Sharpe Ratio is 1.09, which is lower than the VEQT.TO Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of XRE.TO and VEQT.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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Sharpe Ratios by Period

XRE.TOVEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.09

2.83

-1.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.12

1.10

-0.98

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.91

-0.42

Drawdowns

XRE.TO vs. VEQT.TO - Drawdown Comparison

The maximum XRE.TO drawdown since its inception was -57.06%, which is greater than VEQT.TO's maximum drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for XRE.TO and VEQT.TO.

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Drawdown Indicators

XRE.TOVEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-57.06%

-30.45%

-26.61%

Max Drawdown (1Y)

Largest decline over 1 year

-7.51%

-8.05%

+0.54%

Max Drawdown (3Y)

Largest decline over 3 years

-20.91%

-15.46%

-5.45%

Max Drawdown (5Y)

Largest decline over 5 years

-30.53%

-18.32%

-12.21%

Max Drawdown (10Y)

Largest decline over 10 years

-46.58%

—

—

Current Drawdown

Current decline from peak

-3.53%

0.00%

-3.53%

Average Drawdown

Average peak-to-trough decline

-9.66%

-3.71%

-5.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

1.83%

+1.17%

Volatility

XRE.TO vs. VEQT.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Capped REIT Index ETF (XRE.TO) is 3.32%, while Vanguard All-Equity ETF Portfolio (VEQT.TO) has a volatility of 3.66%. This indicates that XRE.TO experiences smaller price fluctuations and is considered to be less risky than VEQT.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.TOVEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

3.66%

-0.34%

Volatility (6M)

Calculated over the trailing 6-month period

8.62%

9.39%

-0.77%

Volatility (1Y)

Calculated over the trailing 1-year period

11.66%

11.61%

+0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.18%

12.90%

+3.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.57%

15.77%

+1.80%

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

XRE.TO has a 0.61% expense ratio, which is higher than VEQT.TO's 0.24% expense ratio.

Dividends

XRE.TO vs. VEQT.TO - Dividend Comparison

XRE.TO's dividend yield for the trailing twelve months is around 4.47%, more than VEQT.TO's 1.25% yield.

PositionTTM20252024202320222021202020192018201720162015
VEQT.TO
Vanguard All-Equity ETF Portfolio		1.25%1.42%1.58%1.88%2.09%1.40%1.48%1.42%0.00%0.00%0.00%0.00%
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

XRE.TO and VEQT.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VEQT.TO is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VEQT.TO is cheaper with a 0.24% expense ratio, compared with 0.61% for XRE.TO.

XRE.TO is categorized as REIT, while VEQT.TO is Global Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.61% for XRE.TO and 0.24% for VEQT.TO.

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