A side-by-side comparison of Vanguard FTSE Canadian Capped REIT Index ETF (VRE) and BMO Equal Weight REITs (ZRE) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | VRE | ZRE |
|---|---|---|
| YTD Return | +0.59% | +9.26%✓ |
| 1-Day Change | -1.25% | -0.53%✓ |
| 1-Week Change | -1.80% | -0.08%✓ |
| 1-Month Change | +0.81%✓ | +1.64% |
| Current Price | $32.26 | $24.20 |
| AUM | $288M | $644M✓ |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 3.06% | 4.39%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2012-11-02 | 2010-05-19 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★ | ★★★★ |
| Category | Real Estate Equity | Real Estate Equity |
| Beta | 0.92 | 0.87 |
| 52-Week High | $34.99 | $24.48 |
| 52-Week Low | $29.75 | $21.11 |
| 50-Day MA | $32.30 | $23.77 |
| 200-Day MA | $32.80 | $22.96 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | VRE | ZRE |
|---|---|---|
| YTD | +0.59% | +9.26%✓ |
| 1 Year | +5.68% | +14.58%✓ |
| 3 Year | +7.09% | +9.93%✓ |
| 5 Year | +1.82% | +3.87%✓ |
| 10 Year | +4.78% | +7.26%✓ |
| 1Y Volatility | 11.46% | 11.09% |
| Sharpe Ratio (3Y) | 0.23 | 0.43 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | FSV | FirstService Corp | 10.41% |
| 2 | REI-UN | RioCan Real Estate Investment Trust | 8.97% |
| 3 | CSH-UN | Chartwell Retirement Residences | 8.79% |
| 4 | GRT-UN | Granite Real Estate Investment Trust | 8.02% |
| 5 | CIGI | Colliers International Group Inc Bats | 7.82% |
| 6 | CAR-UN | Canadian Apartment Properties Real Estate Investment Trust | 7.44% |
| 7 | FCR-UN | First Capital Real Estate Investment Trust | 6.87% |
| 8 | CHP-UN | Choice Properties Real Estate Investment Trust | 6.01% |
| 9 | DIR-UN | Dream Industrial Real Estate Investment Trust | 5.51% |
| 10 | SRU-UN | SmartCentres Real Estate Investment Trust | 5.15% |
| 1 | REI-UN | RioCan Real Estate Investment Trust | 5.41% |
| 2 | FCR-UN | First Capital Real Estate Investment Trust | 5.38% |
| 3 | AP-UN | Allied Properties Real Estate Investment Trust | 5.37% |
| 4 | DIR-UN | Dream Industrial Real Estate Investment Trust | 5.33% |
| 5 | GRT-UN | Granite Real Estate Investment Trust | 5.29% |
| 6 | PMZ-UN | Primaris Retail R.E. Invest. Tr. Units | 5.25% |
| 7 | KMP-UN | Killam Apartment Real Estate Investment Trust | 5.25% |
| 8 | CRR-UN | Crombie Real Estate Investment Trust | 5.15% |
| 9 | CRT-UN | CT Real Estate Investment Trust | 5.12% |
| 10 | SRU-UN | SmartCentres Real Estate Investment Trust | 5.11% |
Sector Weights
| Sector | VRE | ZRE |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 100.00% | 100.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About VRE
Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About ZRE
BMO Equal Weight REITs (ZRE.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both VRE and ZRE are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ZRE scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between VRE and ZRE?
VRE (Vanguard FTSE Canadian Capped REIT Index ETF) and ZRE (BMO Equal Weight REITs) are both Canadian-listed ETFs. Key differences include their AUM ($288M vs $644M), dividend yield (3.06% vs 4.39%), and year-to-date performance (+0.59% vs +9.26%).
Is VRE better than ZRE?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy VRE and ZRE on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both VRE and ZRE should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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