ZRE.TO vs. CGRE.TO
ZRE.TO (BMO Equal Weight REITs Index ETF) and CGRE.TO (CI Global REIT Private Pool) are both REIT funds. ZRE.TO is passively managed, while CGRE.TO is actively managed. Over the past 5 years, ZRE.TO returned 2.95%/yr vs 3.15%/yr for CGRE.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
ZRE.TO vs. CGRE.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ZRE.TO having a 14.29% return and CGRE.TO slightly lower at 13.94%.
ZRE.TO
- 1D
- -0.20%
- 1M
- 2.14%
- 6M
- 7.28%
- YTD
- 14.29%
- 1Y
- 13.08%
- 3Y*
- 9.74%
- 5Y*
- 2.95%
- 10Y*
- 6.94%
CGRE.TO
- 1D
- 0.00%
- 1M
- 2.27%
- 6M
- 10.96%
- YTD
- 13.94%
- 1Y
- 13.95%
- 3Y*
- 8.76%
- 5Y*
- 3.15%
- 10Y*
- —
ZRE.TO vs. CGRE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZRE.TO BMO Equal Weight REITs Index ETF | 14.29% | 11.28% | 2.89% | 0.91% | -17.74% | 34.04% | 20.67% |
CGRE.TO CI Global REIT Private Pool | 13.94% | 3.39% | 4.66% | 11.66% | -23.63% | 35.03% | 8.96% |
Correlation
The correlation between ZRE.TO and CGRE.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.33 |
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Return for Risk
ZRE.TO vs. CGRE.TO — Risk / Return Rank
ZRE.TO
CGRE.TO
ZRE.TO vs. CGRE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight REITs Index ETF (ZRE.TO) and CI Global REIT Private Pool (CGRE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZRE.TO | CGRE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.68 | +0.18 |
| Martin ratioReturn relative to average drawdown | 5.05 | 5.23 | -0.18 |
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Drawdowns
ZRE.TO vs. CGRE.TO - Drawdown Comparison
The maximum ZRE.TO drawdown since its inception was -46.29%, which is greater than CGRE.TO's maximum drawdown of -28.28%. Use the drawdown chart below to compare losses from any high point for ZRE.TO and CGRE.TO.
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Drawdown Indicators
| ZRE.TO | CGRE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.29% | -28.28% | -18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -8.38% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | -13.72% | -3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -32.44% | -28.28% | -4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | — | — |
Current DrawdownCurrent decline from peak | -1.52% | -0.09% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -7.65% | -9.49% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.68% | -0.07% |
Volatility
ZRE.TO vs. CGRE.TO - Volatility Comparison
BMO Equal Weight REITs Index ETF (ZRE.TO) has a higher volatility of 2.89% compared to CI Global REIT Private Pool (CGRE.TO) at 1.88%. This indicates that ZRE.TO's price experiences larger fluctuations and is considered to be riskier than CGRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZRE.TO | CGRE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 1.88% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 9.28% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 12.01% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 14.92% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 14.36% | +3.32% |
Dividends
ZRE.TO vs. CGRE.TO - Dividend Comparison
ZRE.TO's dividend yield for the trailing twelve months is around 4.27%, less than CGRE.TO's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGRE.TO CI Global REIT Private Pool | 4.45% | 4.95% | 4.88% | 4.86% | 5.16% | 3.77% | 2.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZRE.TO BMO Equal Weight REITs Index ETF | 4.27% | 4.96% | 5.26% | 5.14% | 4.97% | 3.87% | 5.01% | 4.17% | 4.95% | 5.05% | 5.46% | 6.00% |
Frequently Asked Questions
ZRE.TO and CGRE.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and CI.
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