ZRE.TO vs. REIT.TO
ZRE.TO (BMO Equal Weight REITs Index ETF) and REIT.TO (Global X Equal Weight Canadian REITs Index ETF) are both REIT funds - ZRE.TO tracks the Solactive Equal Weight Canada REIT Index while REIT.TO tracks the Mirae Asset Equal Weight Canadian REITs Index. Both are passively managed. Over the past year, ZRE.TO returned 13.08% vs 15.70% for REIT.TO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
ZRE.TO vs. REIT.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ZRE.TO having a 14.29% return and REIT.TO slightly higher at 14.43%.
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%
REIT.TO
- 1D
- -0.53%
- 1M
- 1.81%
- 6M
- 8.60%
- YTD
- 14.43%
- 1Y
- 15.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZRE.TO vs. REIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZRE.TO BMO Equal Weight REITs Index ETF | 14.29% | 9.32% |
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 14.43% | 12.44% |
Correlation
The correlation between ZRE.TO and REIT.TO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025 | 0.60 |
The correlation between ZRE.TO and REIT.TO has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
ZRE.TO vs. REIT.TO — Risk / Return Rank
ZRE.TO
REIT.TO
ZRE.TO vs. REIT.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 Global X Equal Weight Canadian REITs Index ETF (REIT.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 | REIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.19 | -0.33 |
| Martin ratioReturn relative to average drawdown | 5.05 | 6.47 | -1.42 |
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Drawdowns
ZRE.TO vs. REIT.TO - Drawdown Comparison
The maximum ZRE.TO drawdown since its inception was -46.29%, which is greater than REIT.TO's maximum drawdown of -7.19%. Use the drawdown chart below to compare losses from any high point for ZRE.TO and REIT.TO.
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Drawdown Indicators
| ZRE.TO | REIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.29% | -7.19% | -39.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -7.19% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | — | — |
Current DrawdownCurrent decline from peak | -1.52% | -1.46% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -7.65% | -1.58% | -6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.44% | +0.17% |
Volatility
ZRE.TO vs. REIT.TO - Volatility Comparison
BMO Equal Weight REITs Index ETF (ZRE.TO) has a higher volatility of 2.89% compared to Global X Equal Weight Canadian REITs Index ETF (REIT.TO) at 2.70%. This indicates that ZRE.TO's price experiences larger fluctuations and is considered to be riskier than REIT.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 | REIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.70% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 9.71% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 12.65% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 12.78% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 12.78% | +4.90% |
Dividends
ZRE.TO vs. REIT.TO - Dividend Comparison
ZRE.TO's dividend yield for the trailing twelve months is around 4.27%, which matches REIT.TO's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 4.26% | 3.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 REIT.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZRE.TO tracks Solactive Equal Weight Canada REIT Index, while REIT.TO tracks Mirae Asset Equal Weight Canadian REITs Index. They also come from different issuers: BMO and Global X.
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