PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZRE.TO vs. VRE.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZRE.TO vs. VRE.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BMO Equal Weight REITs Index ETF (ZRE.TO) and Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO).

ZRE.TO and VRE.TO 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. VRE.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE CA All Cap RE Capped 25% Idx. It was launched on Nov 2, 2012. Both ZRE.TO and VRE.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ZRE.TO vs. VRE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Equal Weight REITs Index ETF (ZRE.TO) and Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

ZRE.TO vs. VRE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZRE.TO
BMO Equal Weight REITs Index ETF		3.52%12.75%2.89%0.91%-17.75%34.04%-7.72%25.86%3.36%14.36%
VRE.TO
Vanguard FTSE Canadian Capped REIT Index ETF		-2.47%3.98%7.36%9.25%-22.67%35.57%-12.27%21.14%1.86%10.10%

Returns By Period

In the year-to-date period, ZRE.TO achieves a 3.52% return, which is significantly higher than VRE.TO's -2.47% return. Over the past 10 years, ZRE.TO has outperformed VRE.TO with an annualized return of 6.88%, while VRE.TO has yielded a comparatively lower 4.60% annualized return.

ZRE.TO

1D
1.62%
1M
-3.11%
YTD
3.52%
6M
1.98%
1Y
11.37%
3Y*
5.94%
5Y*
4.11%
10Y*
6.88%

VRE.TO

1D
1.63%
1M
-4.12%
YTD
-2.47%
6M
-9.14%
1Y
2.82%
3Y*
4.03%
5Y*
2.38%
10Y*
4.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO Equal Weight REITs Index ETF

Vanguard FTSE Canadian Capped REIT Index ETF

Often compared with ZRE.TO:
ZRE.TO vs. XRE.TOZRE.TO vs. VREZRE.TO vs. VNQZRE.TO vs. VDY.TOZRE.TO vs. XEQT.TOZRE.TO vs. VOOZRE.TO vs. IJS
Often compared with VRE.TO:
VRE.TO vs. XRE.TOVRE.TO vs. VDY.TOVRE.TO vs. VFV.TOVRE.TO vs. VCN.TOVRE.TO vs. XEI.TOVRE.TO vs. VCE.TOVRE.TO vs. XDIV.TO

ZRE.TO vs. VRE.TO - Expense Ratio Comparison

ZRE.TO has a 0.61% expense ratio, which is higher than VRE.TO's 0.30% expense ratio.

ZRE.TO
BMO Equal Weight REITs Index ETF
VRE.TO
Vanguard FTSE Canadian Capped REIT Index ETF

Return for Risk

ZRE.TO vs. VRE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZRE.TO
ZRE.TO Risk / Return Rank: 4343
Overall Rank
ZRE.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
ZRE.TO Sortino Ratio Rank: 4343
Sortino Ratio Rank
ZRE.TO Omega Ratio Rank: 3838
Omega Ratio Rank
ZRE.TO Calmar Ratio Rank: 4949
Calmar Ratio Rank
ZRE.TO Martin Ratio Rank: 4242
Martin Ratio Rank
VRE.TO
VRE.TO Risk / Return Rank: 1515
Overall Rank
VRE.TO Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
VRE.TO Sortino Ratio Rank: 1515
Sortino Ratio Rank
VRE.TO Omega Ratio Rank: 1515
Omega Ratio Rank
VRE.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
VRE.TO Martin Ratio Rank: 1515
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZRE.TO vs. VRE.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 Vanguard FTSE Canadian Capped REIT Index ETF (VRE.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.TOVRE.TODifference

Sharpe ratio

Return per unit of total volatility

0.83

0.19

+0.65

Sortino ratio

Return per unit of downside risk

1.24

0.36

+0.88

Omega ratio

Gain probability vs. loss probability

1.16

1.04

+0.11

Calmar ratio

Return relative to maximum drawdown

1.33

0.21

+1.11

Martin ratio

Return relative to average drawdown

4.07

0.52

+3.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZRE.TO vs. VRE.TO - Sharpe Ratio Comparison

The current ZRE.TO Sharpe Ratio is 0.83, which is higher than the VRE.TO Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of ZRE.TO and VRE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

ZRE.TOVRE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.83

0.19

+0.65

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.15

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

0.26

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.32

+0.19

Correlation

The correlation between ZRE.TO and VRE.TO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ZRE.TO vs. VRE.TO - Dividend Comparison

ZRE.TO's dividend yield for the trailing twelve months is around 4.73%, more than VRE.TO's 2.91% yield.

TTM20252024202320222021202020192018201720162015
ZRE.TO
BMO Equal Weight REITs Index ETF		4.73%4.90%5.26%5.14%4.97%3.87%5.01%4.17%4.95%5.05%5.46%6.00%
VRE.TO
Vanguard FTSE Canadian Capped REIT Index ETF		2.91%2.85%2.96%2.64%4.73%2.73%3.72%5.15%3.82%3.72%4.10%2.01%

Drawdowns

ZRE.TO vs. VRE.TO - Drawdown Comparison

The maximum ZRE.TO drawdown since its inception was -46.29%, roughly equal to the maximum VRE.TO drawdown of -48.06%. Use the drawdown chart below to compare losses from any high point for ZRE.TO and VRE.TO.

Loading graphics...

Drawdown Indicators

ZRE.TOVRE.TODifference

Max Drawdown

Largest peak-to-trough decline

-46.29%

-48.06%

+1.77%

Max Drawdown (1Y)

Largest decline over 1 year

-8.95%

-15.00%

+6.05%

Max Drawdown (5Y)

Largest decline over 5 years

-32.44%

-29.87%

-2.57%

Max Drawdown (10Y)

Largest decline over 10 years

-46.29%

-48.06%

+1.77%

Current Drawdown

Current decline from peak

-4.09%

-11.45%

+7.36%

Average Drawdown

Average peak-to-trough decline

-7.75%

-8.27%

+0.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

6.22%

-3.26%

Volatility

ZRE.TO vs. VRE.TO - Volatility Comparison

The current volatility for BMO Equal Weight REITs Index ETF (ZRE.TO) is 4.27%, while Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) has a volatility of 5.42%. This indicates that ZRE.TO experiences smaller price fluctuations and is considered to be less risky than VRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

ZRE.TOVRE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.27%

5.42%

-1.15%

Volatility (6M)

Calculated over the trailing 6-month period

8.82%

10.21%

-1.39%

Volatility (1Y)

Calculated over the trailing 1-year period

13.71%

15.26%

-1.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.57%

15.95%

-0.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.67%

17.49%

+0.18%