ZRE.TO vs. XRE.TO
Compare and contrast key facts about BMO Equal Weight REITs Index ETF (ZRE.TO) and iShares S&P/TSX Capped REIT Index ETF (XRE.TO).
ZRE.TO and XRE.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. XRE.TO is a passively managed fund by iShares that tracks the performance of the Morningstar DM REIT NR CAD. It was launched on Oct 17, 2002. Both ZRE.TO and XRE.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZRE.TO or XRE.TO.
Key characteristics
| ZRE.TO | XRE.TO | |
|---|---|---|
| YTD Return | 8.66% | 3.04% |
| 1Y Return | 21.17% | 15.00% |
| 3Y Return (Ann) | -2.98% | -4.53% |
| 5Y Return (Ann) | 2.34% | -0.12% |
| 10Y Return (Ann) | 6.04% | 4.23% |
| Sharpe Ratio | 1.40 | 0.92 |
| Sortino Ratio | 2.21 | 1.47 |
| Omega Ratio | 1.26 | 1.17 |
| Calmar Ratio | 0.74 | 0.56 |
| Martin Ratio | 6.13 | 3.04 |
| Ulcer Index | 3.54% | 5.03% |
| Daily Std Dev | 15.56% | 16.72% |
| Max Drawdown | -46.29% | -57.06% |
| Current Drawdown | -12.87% | -14.91% |
Correlation
The correlation between ZRE.TO and XRE.TO is 0.96, 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.
Performance
ZRE.TO vs. XRE.TO - Performance Comparison
In the year-to-date period, ZRE.TO achieves a 8.66% return, which is significantly higher than XRE.TO's 3.04% return. Over the past 10 years, ZRE.TO has outperformed XRE.TO with an annualized return of 6.04%, while XRE.TO has yielded a comparatively lower 4.23% 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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ZRE.TO vs. XRE.TO - Expense Ratio Comparison
Both ZRE.TO and XRE.TO have an expense ratio of 0.61%.
Risk-Adjusted Performance
ZRE.TO vs. XRE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight REITs Index ETF (ZRE.TO) and iShares S&P/TSX Capped REIT Index ETF (XRE.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.
Dividends
ZRE.TO vs. XRE.TO - Dividend Comparison
ZRE.TO's dividend yield for the trailing twelve months is around 4.93%, more than XRE.TO's 4.79% 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% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 4.79% | 4.52% | 4.85% | 2.59% | 4.45% | 4.82% | 4.80% | 4.71% | 5.20% | 5.59% | 4.93% | 4.93% |
Drawdowns
ZRE.TO vs. XRE.TO - Drawdown Comparison
The maximum ZRE.TO drawdown since its inception was -46.29%, smaller than the maximum XRE.TO drawdown of -57.06%. Use the drawdown chart below to compare losses from any high point for ZRE.TO and XRE.TO. For additional features, visit the drawdowns tool.
Volatility
ZRE.TO vs. XRE.TO - Volatility Comparison
The current volatility for BMO Equal Weight REITs Index ETF (ZRE.TO) is 4.83%, while iShares S&P/TSX Capped REIT Index ETF (XRE.TO) has a volatility of 5.41%. This indicates that ZRE.TO experiences smaller price fluctuations and is considered to be less risky than XRE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.