ZRE.TO vs. RIT.TO
ZRE.TO (BMO Equal Weight REITs Index ETF) and RIT.TO (CI Canadian REIT ETF) are both REIT funds. ZRE.TO is passively managed, while RIT.TO is actively managed. Over the past 10 years, ZRE.TO returned 6.80%/yr vs 6.65%/yr for RIT.TO. A 0.73 correlation means they provide meaningful diversification when combined. ZRE.TO charges 0.61%/yr vs 0.87%/yr for RIT.TO.
Performance
ZRE.TO vs. RIT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZRE.TO achieves a 9.53% return, which is significantly higher than RIT.TO's 7.57% return. Both investments have delivered pretty close results over the past 10 years, with ZRE.TO having a 6.80% annualized return and RIT.TO not far behind at 6.65%.
ZRE.TO
- 1D
- -0.34%
- 1M
- 0.68%
- YTD
- 9.53%
- 6M
- 10.66%
- 1Y
- 11.30%
- 3Y*
- 8.06%
- 5Y*
- 3.45%
- 10Y*
- 6.80%
RIT.TO
- 1D
- -0.62%
- 1M
- -0.30%
- YTD
- 7.57%
- 6M
- 9.98%
- 1Y
- 10.62%
- 3Y*
- 8.19%
- 5Y*
- 3.71%
- 10Y*
- 6.65%
ZRE.TO vs. RIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZRE.TO BMO Equal Weight REITs Index ETF | 9.53% | 11.21% | 2.82% | 0.84% | -17.80% | 33.96% | -7.79% | 25.79% | 3.29% | 14.28% |
RIT.TO CI Canadian REIT ETF | 7.57% | 11.98% | 2.51% | 5.37% | -20.74% | 34.36% | -6.83% | 22.86% | 3.92% | 11.74% |
Correlation
The correlation between ZRE.TO and RIT.TO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 27, 2010 | 0.73 |
The correlation between ZRE.TO and RIT.TO shifts across timeframes, from 0.73 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.
ZRE.TO vs. RIT.TO - Sectors Allocation Comparison
Sectors
ZRE.TO
RIT.TO
Real Estate
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
Industrials
-
-
Technology
-
-
Utilities
-
-
Real Estate
ZRE.TO
RIT.TO
Basic Materials
ZRE.TO
-
RIT.TO
-
Communication Services
ZRE.TO
-
RIT.TO
-
Consumer Cyclical
ZRE.TO
-
RIT.TO
-
Consumer Defensive
ZRE.TO
-
RIT.TO
-
Energy
ZRE.TO
-
RIT.TO
-
Financial Services
ZRE.TO
-
RIT.TO
-
Healthcare
ZRE.TO
-
RIT.TO
Industrials
ZRE.TO
-
RIT.TO
-
Technology
ZRE.TO
-
RIT.TO
-
Utilities
ZRE.TO
-
RIT.TO
-
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZRE.TO vs. RIT.TO — Risk / Return Rank
ZRE.TO
RIT.TO
ZRE.TO vs. RIT.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 Canadian REIT ETF (RIT.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.
| ZRE.TO | RIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.48 | +0.13 |
| Martin ratioReturn relative to average drawdown | 4.29 | 4.25 | +0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZRE.TO | RIT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.01 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.25 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.43 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.52 | 0.00 |
Drawdowns
ZRE.TO vs. RIT.TO - Drawdown Comparison
The maximum ZRE.TO drawdown since its inception was -46.29%, smaller than the maximum RIT.TO drawdown of -56.72%. Use the drawdown chart below to compare losses from any high point for ZRE.TO and RIT.TO.
Loading charts...
Drawdown Indicators
| ZRE.TO | RIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.29% | -56.72% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -7.21% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.16% | -17.16% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -32.52% | -30.75% | -1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -40.90% | -5.39% |
Current DrawdownCurrent decline from peak | -0.71% | -1.31% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -8.81% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.50% | +0.14% |
Volatility
ZRE.TO vs. RIT.TO - Volatility Comparison
BMO Equal Weight REITs Index ETF (ZRE.TO) and CI Canadian REIT ETF (RIT.TO) have volatilities of 2.83% and 2.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZRE.TO | RIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 2.92% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 7.92% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 10.52% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 14.67% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 15.46% | +2.22% |
ZRE.TO vs. RIT.TO - Expense Ratio Comparison
ZRE.TO has a 0.61% expense ratio, which is lower than RIT.TO's 0.87% expense ratio.
Dividends
ZRE.TO vs. RIT.TO - Dividend Comparison
ZRE.TO's dividend yield for the trailing twelve months is around 4.42%, less than RIT.TO's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIT.TO CI Canadian REIT ETF | 4.59% | 4.85% | 5.17% | 5.04% | 5.04% | 3.82% | 4.92% | 4.35% | 5.11% | 5.05% | 5.28% | 4.79% |
ZRE.TO BMO Equal Weight REITs Index ETF | 4.42% | 4.90% | 5.19% | 5.07% | 4.90% | 3.82% | 4.95% | 4.11% | 4.89% | 4.98% | 5.39% | 5.92% |
Frequently Asked Questions
With a correlation of 0.93, ZRE.TO and RIT.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ZRE.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZRE.TO is cheaper with a 0.61% expense ratio, compared with 0.87% for RIT.TO.
They also come from different issuers: BMO and CI Investments. Their fees differ too: 0.61% for ZRE.TO and 0.87% for RIT.TO.
Find the right allocation for ZRE.TO and RIT.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer