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Compare iShares S&P/TSX Capped REIT Index ETF (XRE) vs Global X Equal Weight Canadian REITs Index Corporate Class ETF (HCRE) to find the best fit for your portfolio. XRE and HCRE provide the same top sector exposures: Finance. When evaluating costs, XRE features a management fee (MER) of 0.55%, compared to 0.33% for HCRE. Performance-wise, XRE has returned 5.85% year-to-date with -$45 M in net flows, whereas HCRE is at 5.37% with +$2 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
XRE
HCRE
| AuM | $1,051.26 M | $47.90 M |
| Management Fees | 0.55% | 0.33% |
| Exp. ratio | 0.60% | 0.33% |
| Tracking Difference | -0.65% | -0.57% |
Historical performance and flows
As of September 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XRE | -3.53% | -4.38% | +5.85% | +1.74% | +15.20% |
HCRE | -4.51% | -5.37% | +5.37% | +3.76% | +27.22% | |
| Flows | XRE | -$31 M | -$34 M | -$45 M | -$213 M | +$92 M |
HCRE | +$0 M | +$0 M | +$2 M | +$3 M | -$7 M |
XRE vs HCRE exposure
Countries
XRE
Canada
99.98%
HCRE
Canada
95.30%
Sectors
XRE
Finance
99.98%
HCRE
Finance
100.00%
As of September 8, 2026
Top 10 Holdings
XRE
RioCan Real Estate Investment Trust
12.89%
Granite Real Estate Investment Trust
11.61%
Canadian Apartment Properties Real Estate Investment Trust
10.64%
First Capital Real Estate Investment Trust
9.65%
Choice Properties Real Estate Investment Trust
8.58%
Dream Industrial Real Estate Investment Trust
8.07%
SmartCentres Real Estate Investment Trust
7.60%
H&R Real Estate Investment Trust
5.82%
Primaris Real Estate Investment Trust
5.35%
Boardwalk Real Estate Investment Trust
5.20%
HCRE
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
XRE
Total weight of top 10 holdings out of 14 total
85.42%
HCRE
Total weight of top 10 holdings out of 19 total
55.28%
Characteristics
Compare
XRE
HCRE
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped REIT Total Return Index - CAD | Solactive Equal Weight Canada REIT Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 4.60% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | October 17, 2002 | January 23, 2019 |
Frequently asked questions about XRE and HCRE
Which ETF has performed better year to date: XRE or HCRE?
As of September 8, 2026, XRE has returned 5.85% year to date, while HCRE has returned 5.37%. XRE is ahead on YTD performance.
Which ETF is larger by assets under management: XRE or HCRE?
As of September 8, 2026, XRE manages $1.05 B in assets, while HCRE manages $47.90 M. XRE is the larger fund by AUM.
How are XRE and HCRE managed?
XRE is passively managed by iShares. It tracks the S&P/TSX Capped REIT Total Return Index - CAD benchmark. HCRE is passively managed by Global X. It tracks the Solactive Equal Weight Canada REIT Total Return Index - CAD benchmark.
What sectors do XRE and HCRE emphasize?
XRE is most exposed to Finance. HCRE is most exposed to Finance.
Which ETF is attracting more investor flows: XRE or HCRE?
Year to date, XRE has seen -$45.19 M in net flows, compared with +$1.72 M for HCRE. HCRE has attracted more net investor money so far.
How do the fees of XRE and HCRE compare?
XRE has an expense ratio of 0.60%, while HCRE has an expense ratio of 0.33%.
What are the top holdings of XRE and HCRE?
XRE's largest holdings include RioCan Real Estate Investment Trust, Granite Real Estate Investment Trust, and Canadian Apartment Properties Real Estate Investment Trust. HCRE'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: XRE or HCRE?
XRE holds 14 securities, while HCRE holds 19. On holdings count, HCRE is the more diversified portfolio.
Recent articles about XRE and HCRE
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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