ZRE.TO vs. VRE
Compare and contrast key facts about BMO Equal Weight REITs Index ETF (ZRE.TO) and Veris Residential, Inc. (VRE).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZRE.TO or VRE.
Key characteristics
| ZRE.TO | VRE | |
|---|---|---|
| YTD Return | 8.66% | 16.34% |
| 1Y Return | 21.17% | 31.62% |
| 3Y Return (Ann) | -2.98% | -1.39% |
| 5Y Return (Ann) | 2.34% | -2.20% |
| 10Y Return (Ann) | 6.04% | 1.56% |
| Sharpe Ratio | 1.40 | 1.25 |
| Sortino Ratio | 2.21 | 1.82 |
| Omega Ratio | 1.26 | 1.23 |
| Calmar Ratio | 0.74 | 0.60 |
| Martin Ratio | 6.13 | 6.74 |
| Ulcer Index | 3.54% | 4.76% |
| Daily Std Dev | 15.56% | 25.66% |
| Max Drawdown | -46.29% | -71.48% |
| Current Drawdown | -12.87% | -35.38% |
Correlation
The correlation between ZRE.TO and VRE is 0.44, 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. VRE - Performance Comparison
In the year-to-date period, ZRE.TO achieves a 8.66% return, which is significantly lower than VRE's 16.34% return. Over the past 10 years, ZRE.TO has outperformed VRE with an annualized return of 6.04%, while VRE has yielded a comparatively lower 1.56% 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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Risk-Adjusted Performance
ZRE.TO vs. VRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight REITs Index ETF (ZRE.TO) and Veris Residential, Inc. (VRE). 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. VRE - Dividend Comparison
ZRE.TO's dividend yield for the trailing twelve months is around 4.93%, more than VRE's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VRE Veris Residential, Inc. | 1.30% | 0.65% | 0.00% | 0.00% | 4.82% | 3.46% | 4.08% | 3.25% | 2.07% | 2.57% | 4.72% | 6.98% |
Drawdowns
ZRE.TO vs. VRE - Drawdown Comparison
The maximum ZRE.TO drawdown since its inception was -46.29%, smaller than the maximum VRE drawdown of -71.48%. Use the drawdown chart below to compare losses from any high point for ZRE.TO and VRE. For additional features, visit the drawdowns tool.
Volatility
ZRE.TO vs. VRE - Volatility Comparison
The current volatility for BMO Equal Weight REITs Index ETF (ZRE.TO) is 4.78%, while Veris Residential, Inc. (VRE) has a volatility of 8.25%. This indicates that ZRE.TO experiences smaller price fluctuations and is considered to be less risky than VRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.