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 Real Estate, while ZRE leans towards Real Estate and Health Care. When evaluating costs, HGR features a management fee (MER) of 0.85%, compared to 0.55% for ZRE. Performance-wise, HGR has returned 4.83% year-to-date with -$18 M in net flows, whereas ZRE is at 9.02% with +$3 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 | $32.64 M | $625.10 M |
| Management Fees | 0.85% | 0.55% |
| Exp. ratio | 0.99% | 0.61% |
| Tracking Difference | - | -0.66% |
Historical performance and flows
As of April 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HGR | +5.68% | +3.80% | +4.83% | +2.63% | +10.17% |
ZRE | +8.44% | +3.55% | +9.02% | +20.98% | +26.21% | |
| Flows | HGR | -$0 M | -$6 M | -$18 M | -$18 M | +$30 M |
ZRE | +$0 M | +$5 M | +$3 M | +$1 M | -$27 M |
HGR vs ZRE exposure
Countries
HGR
USA
72.10%
Singapore
9.90%
Other
18.00%
ZRE
Canada
100.00%
Sectors
HGR
Real Estate
100.70%
ZRE
Real Estate
85.53%
Other
9.64%
As of April 28, 2026
Top 10 Holdings
HGR
DIGITAL REALTY REIT
5.60%
GETTY REALTY REIT
5.30%
REGENCY CENTERS REIT
5.30%
MERLIN PROPERTIES
5.20%
CHOICE PROPERTIES REAL ESTATE INVESTMENT UNITS
5.20%
KEPPEL DC REIT
5.00%
ASCENDAS REIT
4.90%
AMERICAN TOWER CL A REIT
4.90%
PROLOGIS REIT
4.70%
STAG INDUSTRIAL REIT
4.60%
ZRE
ALLIED PROPERTIES REAL ESTAT INV UNT
5.22%
MINTO APARTMENT REIT UNT
5.18%
INTERRENT REAL ESTATE INVESTMENT UNT
5.16%
CHOICE PROPERTIES REAL ESTATE INVESTMENT UNITS
5.10%
DREAM INDUSTRIAL REAL ESTATE
5.09%
SMART REAL ESTATE INVESTMENT
5.08%
CROMBIE REI UNT
5.08%
BOARDWALK REAL ESTATE INVESTMENT UNT
5.04%
CT REIT UNITS
5.04%
PRIMARIS REAL ESTATE INVESTMENT TRUST UNIT
5.03%
Diversification
HGR
Total weight of top 10 holdings out of 26 total
50.70%
ZRE
Total weight of top 10 holdings out of 20 total
51.02%
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 | 10.14% | 4.49% |
| 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 April 28, 2026, HGR has returned 4.83% year to date, while ZRE has returned 9.02%. ZRE is ahead on YTD performance.
Which ETF is larger by assets under management: HGR or ZRE?
As of April 28, 2026, HGR manages $32.64 M in assets, while ZRE manages $625.10 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 Real Estate. ZRE is most exposed to Real Estate and Health Care.
Which ETF is attracting more investor flows: HGR or ZRE?
Year to date, HGR has seen -$17.66 M in net flows, compared with +$2.75 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 REIT, GETTY REALTY REIT, and REGENCY CENTERS REIT. ZRE's top holdings include ALLIED PROPERTIES REAL ESTAT INV UNT and MINTO APARTMENT REIT UNT.
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 ETF Market Canada inReal Estate
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