VS
Harvest REIT Leaders Income ETF (HGR) and BMO Equal Weight REITs Index ETF (ZRE) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HGR focuses its top 3 sector exposures on Finance, while ZRE leans towards Finance. When evaluating costs, HGR features a management fee (MER) of 0.85%, compared to 0.55% for ZRE. Performance-wise, HGR has returned 1.16% year-to-date with -$17 M in net flows, whereas ZRE is at 3.66% with +$0 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
HGR
ZRE
| AuM | $31.25 M | $581.65 M |
| Management Fees | 0.85% | 0.55% |
| Exp. ratio | 0.99% | 0.61% |
| Tracking Difference | - | -0.69% |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HGR | -4.69% | -4.95% | +1.16% | -1.94% | +9.52% |
ZRE | -5.52% | -6.64% | +3.66% | +2.25% | +21.35% | |
| Flows | HGR | -$1 M | +$0 M | -$17 M | -$27 M | +$30 M |
ZRE | +$3 M | -$7 M | +$0 M | -$8 M | -$11 M |
HGR vs ZRE exposure
Countries
HGR
USA
72.02%
Singapore
9.15%
Other
18.83%
ZRE
Canada
95.30%
Sectors
HGR
Finance
98.54%
ZRE
Finance
100.00%
As of September 17, 2026
Top 10 Holdings
HGR
Digital Realty Trust, Inc.
5.48%
MERLIN Properties SOCIMI SA
5.11%
Prologis, Inc.
4.99%
Getty Realty Corp.
4.94%
Regency Centers Corp.
4.94%
American Tower Corp.
4.84%
Choice Properties Real Estate Investment Trust
4.71%
Keppel DC REIT
4.70%
Simon Property Group, Inc.
4.61%
STAG Industrial, Inc.
4.54%
ZRE
Primaris Real Estate Investment Trust
6.32%
RioCan Real Estate Investment Trust
5.59%
Dream Industrial Real Estate Investment Trust
5.59%
Killam Apartment REIT
5.53%
Slate Grocery REIT
5.46%
Granite Real Estate Investment Trust
5.42%
Allied Properties Real Estate Investment Trust
5.42%
CT Real Estate Investment Trust
5.35%
SmartCentres Real Estate Investment Trust
5.31%
Crombie Real Estate Investment Trust
5.30%
Diversification
HGR
Total weight of top 10 holdings out of 26 total
48.85%
ZRE
Total weight of top 10 holdings out of 19 total
55.28%
Characteristics
Compare
HGR
ZRE
| Provider | Harvest Portfolios Group | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada REIT Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 10.28% | 4.70% |
| Meets ESG criteria | No | No |
| Inception Date | June 23, 2017 | May 19, 2010 |
Frequently asked questions about HGR and ZRE
Which ETF has performed better year to date: HGR or ZRE?
As of September 17, 2026, HGR has returned 1.16% year to date, while ZRE has returned 3.66%. ZRE is ahead on YTD performance.
Which ETF is larger by assets under management: HGR or ZRE?
As of September 17, 2026, HGR manages $31.25 M in assets, while ZRE manages $581.65 M. ZRE is the larger fund by AUM.
How are HGR and ZRE managed?
HGR is actively managed by Harvest Portfolios Group. It does not track an index. ZRE is passively managed by BMO. It tracks the Solactive Equal Weight Canada REIT Total Return Index - CAD benchmark.
What sectors do HGR and ZRE emphasize?
HGR is most exposed to Finance. ZRE is most exposed to Finance.
Which ETF is attracting more investor flows: HGR or ZRE?
Year to date, HGR has seen -$16.67 M in net flows, compared with +$0.05 M for ZRE. ZRE has attracted more net investor money so far.
How do the fees of HGR and ZRE compare?
HGR has an expense ratio of 0.99%, while ZRE has an expense ratio of 0.61%.
What are the top holdings of HGR and ZRE?
HGR's largest holdings include Digital Realty Trust, Inc., MERLIN Properties SOCIMI SA, and Prologis, Inc.. ZRE's top holdings include Primaris Real Estate Investment Trust, RioCan Real Estate Investment Trust, and Dream Industrial Real Estate Investment Trust.
Which ETF is more diversified: HGR or ZRE?
HGR holds 26 securities, while ZRE holds 19. On holdings count, HGR is the more diversified portfolio.
Recent articles about HGR and ZRE
Build Canada Homes: A Boost for Real Estate ETFs?
The Canadian government's $26B prefab housing plan and a U.S. tariff ruling have injected optimism into real estate markets, with analysts anticipating gains for REITs and construction-focused funds.
Posted on 6/2/2025 by Edouard Caillieux inReal Estate
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