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Compare iShares S&P/TSX Capped REIT Index ETF (XRE) vs Vanguard FTSE Canadian Capped REIT Index ETF (VRE) to find the best fit for your portfolio. XRE and VRE provide the same top sector exposures: Finance. When evaluating costs, XRE features a management fee (MER) of 0.55%, compared to 0.35% for VRE. Performance-wise, XRE has returned 12.47% year-to-date with +$1 M in net flows, whereas VRE is at 4.44% with -$8 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
VRE
| AuM | $1,170.02 M | $281.96 M |
| Management Fees | 0.55% | 0.35% |
| Exp. ratio | 0.60% | 0.39% |
| Tracking Difference | -0.72% | -0.33% |
Historical performance and flows
As of August 5, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XRE | -2.19% | +2.67% | +12.47% | +12.14% | +20.39% |
VRE | -2.05% | +4.55% | +4.44% | +0.73% | +22.79% | |
| Flows | XRE | -$12 M | -$24 M | +$1 M | -$284 M | +$152 M |
VRE | -$4 M | -$7 M | -$8 M | +$2 M | -$47 M |
XRE vs VRE exposure
Countries
XRE
Canada
99.62%
VRE
Canada
99.65%
Sectors
XRE
Finance
99.62%
VRE
Finance
99.65%
As of August 5, 2026
Top 10 Holdings
XRE
RioCan Real Estate Investment Trust
12.62%
Granite Real Estate Investment Trust
11.13%
Canadian Apartment Properties Real Estate Investment Trust
10.23%
First Capital Real Estate Investment Trust
9.41%
Choice Properties Real Estate Investment Trust
8.51%
Dream Industrial Real Estate Investment Trust
7.53%
SmartCentres Real Estate Investment Trust
7.47%
H&R Real Estate Investment Trust
5.56%
Primaris Real Estate Investment Trust
5.02%
Boardwalk Real Estate Investment Trust
4.85%
VRE
FirstService Corp.
11.11%
Chartwell Retirement Residences
9.62%
RioCan Real Estate Investment Trust
8.77%
Colliers International Group, Inc.
7.80%
Granite Real Estate Investment Trust
7.70%
Canadian Apartment Properties Real Estate Investment Trust
7.12%
First Capital Real Estate Investment Trust
6.54%
Choice Properties Real Estate Investment Trust
5.76%
Dream Industrial Real Estate Investment Trust
5.24%
SmartCentres Real Estate Investment Trust
5.21%
Diversification
XRE
Total weight of top 10 holdings out of 15 total
82.34%
VRE
Total weight of top 10 holdings out of 19 total
74.88%
Characteristics
Compare
XRE
VRE
| Provider | iShares | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped REIT Total Return Index - CAD | FTSE Canada All Cap Real Estate Capped 25% Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.35% | 2.71% |
| Meets ESG criteria | No | No |
| Inception Date | October 17, 2002 | November 2, 2012 |
Frequently asked questions about XRE and VRE
Which ETF has performed better year to date: XRE or VRE?
As of August 5, 2026, XRE has returned 12.47% year to date, while VRE has returned 4.44%. XRE is ahead on YTD performance.
Which ETF is larger by assets under management: XRE or VRE?
As of August 5, 2026, XRE manages $1.17 B in assets, while VRE manages $281.96 M. XRE is the larger fund by AUM.
How are XRE and VRE managed?
XRE is passively managed by iShares. It tracks the S&P/TSX Capped REIT Total Return Index - CAD benchmark. VRE is passively managed by Vanguard. It tracks the FTSE Canada All Cap Real Estate Capped 25% Total Return Index - CAD benchmark.
What sectors do XRE and VRE emphasize?
XRE is most exposed to Finance. VRE is most exposed to Finance.
Which ETF is attracting more investor flows: XRE or VRE?
Year to date, XRE has seen +$1.30 M in net flows, compared with -$8.17 M for VRE. XRE has attracted more net investor money so far.
How do the fees of XRE and VRE compare?
XRE has an expense ratio of 0.60%, while VRE has an expense ratio of 0.39%.
What are the top holdings of XRE and VRE?
XRE's largest holdings include RioCan Real Estate Investment Trust, Granite Real Estate Investment Trust, and Canadian Apartment Properties Real Estate Investment Trust. VRE's top holdings include FirstService Corp., Chartwell Retirement Residences, and RioCan Real Estate Investment Trust.
Which ETF is more diversified: XRE or VRE?
XRE holds 15 securities, while VRE holds 19. On holdings count, VRE is the more diversified portfolio.
Recent articles about XRE and VRE
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