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

XRE.TO vs. XEG.TO

Last updated Jun 4, 2026

XRE.TO (iShares S&P/TSX Capped REIT Index ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - XRE.TO is a REIT fund tracking the Morningstar DM REIT NR CAD, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 10 years, XRE.TO returned 4.75%/yr vs 11.85%/yr for XEG.TO. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.61% expense ratio.

Performance

XRE.TO vs. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.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 9.55% return, which is significantly lower than XEG.TO's 44.34% return. Over the past 10 years, XRE.TO has underperformed XEG.TO with an annualized return of 4.75%, while XEG.TO has yielded a comparatively higher 11.85% annualized return.

XRE.TO

1D
-0.66%
1M
0.28%
YTD
9.55%
6M
11.63%
1Y
11.43%
3Y*
4.83%
5Y*
1.88%
10Y*
4.75%

XEG.TO

1D
1.17%
1M
-0.04%
YTD
44.34%
6M
39.73%
1Y
70.40%
3Y*
28.08%
5Y*
29.48%
10Y*
11.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XRE.TO
iShares S&P/TSX Capped REIT Index ETF		9.55%8.89%-2.52%1.88%-17.34%32.49%-13.63%21.91%5.66%9.27%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		44.34%16.72%14.08%3.52%53.25%83.71%-34.41%8.98%-27.05%-11.18%

Correlation

The correlation between XRE.TO and XEG.TO is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.09

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

0.09

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

0.18

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

0.18

Correlation (All Time)
Calculated using the full available price history since Oct 23, 2002

0.25

The correlation between XRE.TO and XEG.TO shifts across timeframes, from -0.09 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

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

Sectors
XRE.TO
XEG.TO

Real Estate

100.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

100.0%

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

XRE.TO
100.0%
XEG.TO

-

Basic Materials

XRE.TO

-

XEG.TO

-

Communication Services

XRE.TO

-

XEG.TO

-

Consumer Cyclical

XRE.TO

-

XEG.TO

-

Consumer Defensive

XRE.TO

-

XEG.TO

-

Energy

XRE.TO

-

XEG.TO
100.0%

Financial Services

XRE.TO

-

XEG.TO

-

Healthcare

XRE.TO

-

XEG.TO

-

Industrials

XRE.TO

-

XEG.TO

-

Technology

XRE.TO

-

XEG.TO

-

Utilities

XRE.TO

-

XEG.TO

-

Compare stocks, funds, or ETFs

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iShares S&P/TSX Capped REIT Index ETF

iShares S&P/TSX Capped Energy Index ETF

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 XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO

Return for Risk

XRE.TO vs. XEG.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: 2727
Overall Rank
XRE.TO Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
XRE.TO Sortino Ratio Rank: 2727
Sortino Ratio Rank
XRE.TO Omega Ratio Rank: 2525
Omega Ratio Rank
XRE.TO Calmar Ratio Rank: 3131
Calmar Ratio Rank
XRE.TO Martin Ratio Rank: 2727
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 8686
Overall Rank
XEG.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8787
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. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.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.TOXEG.TODifference
Sharpe ratioReturn per unit of total volatility
0.99
3.11

-2.13

Sortino ratioReturn per unit of downside risk
1.48
3.66

-2.19

Omega ratioGain probability vs. loss probability

1.17

1.49

-0.32

Calmar ratioReturn relative to maximum drawdown

1.53

6.36

-4.83

Martin ratioReturn relative to average drawdown

3.82

19.02

-15.20

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. XEG.TO - Sharpe Ratio Comparison

The current XRE.TO Sharpe Ratio is 0.99, which is lower than the XEG.TO Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of XRE.TO and XEG.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.TOXEG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.99

3.11

-2.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.12

1.04

-0.92

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

0.36

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.28

+0.21

Drawdowns

XRE.TO vs. XEG.TO - Drawdown Comparison

The maximum XRE.TO drawdown since its inception was -57.06%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for XRE.TO and XEG.TO.

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Drawdown Indicators

XRE.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-57.06%

-87.74%

+30.68%

Max Drawdown (1Y)

Largest decline over 1 year

-7.51%

-11.12%

+3.61%

Max Drawdown (3Y)

Largest decline over 3 years

-20.91%

-25.67%

+4.76%

Max Drawdown (5Y)

Largest decline over 5 years

-30.53%

-28.42%

-2.11%

Max Drawdown (10Y)

Largest decline over 10 years

-46.58%

-79.66%

+33.08%

Current Drawdown

Current decline from peak

-3.96%

-4.00%

+0.04%

Average Drawdown

Average peak-to-trough decline

-9.67%

-29.19%

+19.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

3.71%

-0.71%

Volatility

XRE.TO vs. XEG.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Capped REIT Index ETF (XRE.TO) is 3.30%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 9.31%. This indicates that XRE.TO experiences smaller price fluctuations and is considered to be less risky than XEG.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.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.30%

9.31%

-6.01%

Volatility (6M)

Calculated over the trailing 6-month period

8.63%

18.99%

-10.36%

Volatility (1Y)

Calculated over the trailing 1-year period

11.66%

22.76%

-11.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.18%

28.62%

-12.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.57%

33.41%

-15.84%

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

Both XRE.TO and XEG.TO have an expense ratio of 0.61%.

Dividends

XRE.TO vs. XEG.TO - Dividend Comparison

XRE.TO's dividend yield for the trailing twelve months is around 4.49%, more than XEG.TO's 2.65% yield.

PositionTTM20252024202320222021202020192018201720162015
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.65%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%
XRE.TO
iShares S&P/TSX Capped REIT Index ETF		4.49%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 XEG.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.61% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XRE.TO and XEG.TO have the same expense ratio: 0.61% per year.

XRE.TO is categorized as REIT, while XEG.TO is Energy Equities. XRE.TO tracks Morningstar DM REIT NR CAD, while XEG.TO tracks S&P/TSX Capped Energy Index.

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