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

XRE.TO vs. XEQT.TO

Last updated Jun 5, 2026

XRE.TO (iShares S&P/TSX Capped REIT Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XRE.TO is a REIT fund tracking the Morningstar DM REIT NR CAD, while XEQT.TO is a Global Equities fund actively managed by iShares. XRE.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XRE.TO returned 1.97%/yr vs 13.90%/yr for XEQT.TO. A 0.52 correlation means they provide meaningful diversification when combined. XRE.TO charges 0.61%/yr vs 0.20%/yr for XEQT.TO.

Performance

XRE.TO vs. XEQT.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 Core Equity ETF Portfolio (XEQT.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 XEQT.TO's 13.22% 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%

XEQT.TO

1D
0.83%
1M
6.02%
YTD
13.22%
6M
11.68%
1Y
30.42%
3Y*
22.22%
5Y*
13.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XRE.TO vs. XEQT.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%4.25%
XEQT.TO
iShares Core Equity ETF Portfolio		13.22%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%

Correlation

The correlation between XRE.TO and XEQT.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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 Aug 15, 2019

0.52

The correlation between XRE.TO and XEQT.TO shifts across timeframes, from 0.39 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
XRE.TO
XEQT.TO

Real Estate

100.0%
2.2%

Basic Materials

-

7.3%

Communication Services

-

6.4%

Consumer Cyclical

-

7.8%

Consumer Defensive

-

4.4%

Energy

-

7.2%

Financial Services

-

20.3%

Healthcare

-

6.6%

Industrials

-

12.1%

Technology

-

22.9%

Utilities

-

2.8%

Real Estate

XRE.TO
100.0%
XEQT.TO
2.2%

Basic Materials

XRE.TO

-

XEQT.TO
7.3%

Communication Services

XRE.TO

-

XEQT.TO
6.4%

Consumer Cyclical

XRE.TO

-

XEQT.TO
7.8%

Consumer Defensive

XRE.TO

-

XEQT.TO
4.4%

Energy

XRE.TO

-

XEQT.TO
7.2%

Financial Services

XRE.TO

-

XEQT.TO
20.3%

Healthcare

XRE.TO

-

XEQT.TO
6.6%

Industrials

XRE.TO

-

XEQT.TO
12.1%

Technology

XRE.TO

-

XEQT.TO
22.9%

Utilities

XRE.TO

-

XEQT.TO
2.8%

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iShares S&P/TSX Capped REIT Index ETF

iShares Core 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 XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO

Return for Risk

XRE.TO vs. XEQT.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
XEQT.TO
XEQT.TO Risk / Return Rank: 8080
Overall Rank
XEQT.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8282
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8282
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. XEQT.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 Core Equity ETF Portfolio (XEQT.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.TOXEQT.TODifference
Sharpe ratioReturn per unit of total volatility
1.09
2.62

-1.53

Sortino ratioReturn per unit of downside risk
1.62
3.61

-1.99

Omega ratioGain probability vs. loss probability

1.19

1.48

-0.30

Calmar ratioReturn relative to maximum drawdown

1.69

3.70

-2.01

Martin ratioReturn relative to average drawdown

4.23

16.13

-11.90

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. XEQT.TO - Sharpe Ratio Comparison

The current XRE.TO Sharpe Ratio is 1.09, which is lower than the XEQT.TO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of XRE.TO and XEQT.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.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.09

2.62

-1.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.12

1.07

-0.94

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

0.96

-0.47

Drawdowns

XRE.TO vs. XEQT.TO - Drawdown Comparison

The maximum XRE.TO drawdown since its inception was -57.06%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XRE.TO and XEQT.TO.

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Drawdown Indicators

XRE.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-57.06%

-29.74%

-27.32%

Max Drawdown (1Y)

Largest decline over 1 year

-7.51%

-8.25%

+0.74%

Max Drawdown (3Y)

Largest decline over 3 years

-20.91%

-15.08%

-5.83%

Max Drawdown (5Y)

Largest decline over 5 years

-30.53%

-19.56%

-10.97%

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%

-4.11%

-5.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

1.89%

+1.11%

Volatility

XRE.TO vs. XEQT.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Capped REIT Index ETF (XRE.TO) is 3.32%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XRE.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.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.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

3.70%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

8.62%

9.41%

-0.79%

Volatility (1Y)

Calculated over the trailing 1-year period

11.66%

11.65%

+0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.18%

13.13%

+3.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.57%

15.56%

+2.01%

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

XRE.TO has a 0.61% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.

Dividends

XRE.TO vs. XEQT.TO - Dividend Comparison

XRE.TO's dividend yield for the trailing twelve months is around 4.47%, more than XEQT.TO's 1.47% yield.

PositionTTM20252024202320222021202020192018201720162015
XEQT.TO
iShares Core Equity ETF Portfolio		1.47%1.66%2.01%2.07%2.12%1.64%1.66%1.19%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 XEQT.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.61% for XRE.TO.

XRE.TO is categorized as REIT, while XEQT.TO is Global Equities. Their fees differ too: 0.61% for XRE.TO and 0.20% for XEQT.TO.

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