ZRE.TO vs. VNQ
Compare and contrast key facts about BMO Equal Weight REITs Index ETF (ZRE.TO) and Vanguard Real Estate ETF (VNQ).
ZRE.TO and VNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004. Both ZRE.TO and VNQ 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: ZRE.TO or VNQ.
Key characteristics
| ZRE.TO | VNQ | |
|---|---|---|
| YTD Return | 7.77% | 10.24% |
| 1Y Return | 17.64% | 24.63% |
| 3Y Return (Ann) | -3.24% | -0.98% |
| 5Y Return (Ann) | 1.85% | 4.31% |
| 10Y Return (Ann) | 5.95% | 6.08% |
| Sharpe Ratio | 1.46 | 1.85 |
| Sortino Ratio | 2.32 | 2.65 |
| Omega Ratio | 1.27 | 1.33 |
| Calmar Ratio | 0.81 | 1.17 |
| Martin Ratio | 6.22 | 7.06 |
| Ulcer Index | 3.61% | 4.47% |
| Daily Std Dev | 15.42% | 17.09% |
| Max Drawdown | -46.29% | -73.07% |
| Current Drawdown | -13.58% | -9.06% |
Correlation
The correlation between ZRE.TO and VNQ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ZRE.TO vs. VNQ - Performance Comparison
In the year-to-date period, ZRE.TO achieves a 7.77% return, which is significantly lower than VNQ's 10.24% return. Both investments have delivered pretty close results over the past 10 years, with ZRE.TO having a 5.95% annualized return and VNQ not far ahead at 6.08%. 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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ZRE.TO vs. VNQ - Expense Ratio Comparison
ZRE.TO has a 0.61% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
ZRE.TO vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight REITs Index ETF (ZRE.TO) and Vanguard Real Estate ETF (VNQ). 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
ZRE.TO vs. VNQ - Dividend Comparison
ZRE.TO's dividend yield for the trailing twelve months is around 4.97%, more than VNQ's 3.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZRE.TO BMO Equal Weight REITs Index ETF | 4.97% | 5.14% | 4.97% | 3.87% | 5.01% | 4.17% | 4.95% | 5.05% | 5.46% | 6.00% | 5.13% | 5.17% |
VNQ Vanguard Real Estate ETF | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
ZRE.TO vs. VNQ - Drawdown Comparison
The maximum ZRE.TO drawdown since its inception was -46.29%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for ZRE.TO and VNQ. For additional features, visit the drawdowns tool.
Volatility
ZRE.TO vs. VNQ - Volatility Comparison
The current volatility for BMO Equal Weight REITs Index ETF (ZRE.TO) is 4.51%, while Vanguard Real Estate ETF (VNQ) has a volatility of 5.25%. This indicates that ZRE.TO experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.