XRE.TO vs. ZRE.TO
Compare and contrast key facts about iShares S&P/TSX Capped REIT Index ETF (XRE.TO) and BMO Equal Weight REITs Index ETF (ZRE.TO).
XRE.TO and ZRE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRE.TO is a passively managed fund by iShares that tracks the performance of the Morningstar DM REIT NR CAD. It was launched on Oct 17, 2002. ZRE.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Canada REIT Index. It was launched on May 19, 2010. Both XRE.TO and ZRE.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XRE.TO or ZRE.TO.
Key characteristics
| XRE.TO | ZRE.TO | |
|---|---|---|
| YTD Return | 3.04% | 8.66% |
| 1Y Return | 15.00% | 21.17% |
| 3Y Return (Ann) | -4.53% | -2.98% |
| 5Y Return (Ann) | -0.12% | 2.34% |
| 10Y Return (Ann) | 4.23% | 6.04% |
| Sharpe Ratio | 0.92 | 1.40 |
| Sortino Ratio | 1.47 | 2.21 |
| Omega Ratio | 1.17 | 1.26 |
| Calmar Ratio | 0.56 | 0.74 |
| Martin Ratio | 3.04 | 6.13 |
| Ulcer Index | 5.03% | 3.54% |
| Daily Std Dev | 16.72% | 15.56% |
| Max Drawdown | -57.06% | -46.29% |
| Current Drawdown | -14.91% | -12.87% |
Correlation
The correlation between XRE.TO and ZRE.TO is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XRE.TO vs. ZRE.TO - Performance Comparison
In the year-to-date period, XRE.TO achieves a 3.04% return, which is significantly lower than ZRE.TO's 8.66% return. Over the past 10 years, XRE.TO has underperformed ZRE.TO with an annualized return of 4.23%, while ZRE.TO has yielded a comparatively higher 6.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XRE.TO vs. ZRE.TO - Expense Ratio Comparison
Both XRE.TO and ZRE.TO have an expense ratio of 0.61%.
Risk-Adjusted Performance
XRE.TO vs. ZRE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped REIT Index ETF (XRE.TO) and BMO Equal Weight REITs Index ETF (ZRE.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.
Dividends
XRE.TO vs. ZRE.TO - Dividend Comparison
XRE.TO's dividend yield for the trailing twelve months is around 4.79%, less than ZRE.TO's 4.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 4.79% | 4.52% | 4.85% | 2.59% | 4.45% | 4.82% | 4.80% | 4.71% | 5.20% | 5.59% | 4.93% | 4.93% |
ZRE.TO BMO Equal Weight REITs Index ETF | 4.93% | 5.14% | 4.97% | 3.87% | 5.01% | 4.17% | 4.95% | 5.05% | 5.46% | 6.00% | 5.13% | 5.17% |
Drawdowns
XRE.TO vs. ZRE.TO - Drawdown Comparison
The maximum XRE.TO drawdown since its inception was -57.06%, which is greater than ZRE.TO's maximum drawdown of -46.29%. Use the drawdown chart below to compare losses from any high point for XRE.TO and ZRE.TO. For additional features, visit the drawdowns tool.
Volatility
XRE.TO vs. ZRE.TO - Volatility Comparison
iShares S&P/TSX Capped REIT Index ETF (XRE.TO) has a higher volatility of 5.41% compared to BMO Equal Weight REITs Index ETF (ZRE.TO) at 4.83%. This indicates that XRE.TO's price experiences larger fluctuations and is considered to be riskier than ZRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.