VS
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 provides Real Estate exposures, while VRE is primarily weighted in Real Estate and Health Care. When evaluating costs, XRE features a management fee (MER) of 0.55%, compared to 0.35% for VRE. Performance-wise, XRE has returned 9.23% year-to-date with +$27 M in net flows, whereas VRE is at 1.79% with +$1 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 | $1,174.35 M | $285.27 M |
| Management Fees | 0.55% | 0.35% |
| Exp. ratio | 0.60% | 0.39% |
| Tracking Difference | -0.77% | -0.38% |
Historical performance and flows
As of April 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XRE | +9.19% | +5.40% | +9.23% | +19.51% | +12.70% |
VRE | +7.84% | +0.57% | +1.79% | +11.08% | +17.85% | |
| Flows | XRE | +$21 M | +$39 M | +$27 M | -$421 M | +$143 M |
VRE | +$1 M | +$1 M | +$1 M | +$6 M | -$56 M |
XRE vs VRE exposure
Countries
XRE
Canada
99.55%
VRE
Canada
99.61%
Sectors
XRE
Real Estate
86.89%
Other
13.11%
VRE
Real Estate
83.45%
Health Care
9.09%
Other
7.46%
As of April 28, 2026
Top 10 Holdings
XRE
RIOCAN REAL ESTATE UNT
11.42%
CANADIAN APARTMENT PROPER REIT UNT
11.31%
CA3874372053
10.26%
FIRST CAPITAL REIT UNT
9.07%
CHOICE PROPERTIES REAL ESTATE INVESTMENT UNITS
8.65%
DREAM INDUSTRIAL REAL ESTATE
7.36%
SMART REAL ESTATE INVESTMENT
7.10%
H&R REAL ESTATE INVESTMENT TRUST UNIT
5.35%
BOARDWALK REAL ESTATE INVESTMENT UNT
5.19%
PRIMARIS REAL ESTATE INVESTMENT TRUST UNIT
4.21%
VRE
FIRSTSERVICE CORP
11.32%
COLLIERS INTERNATIONAL GROUP
9.28%
CHARTWELL RETIREMENT RESIDENCES
9.09%
RIOCAN REAL ESTATE UNT
7.97%
CANADIAN APARTMENT PROPER REIT UNT
7.83%
CA3874372053
7.07%
FIRST CAPITAL REIT UNT
6.26%
CHOICE PROPERTIES REAL ESTATE INVESTMENT UNITS
6.09%
DREAM INDUSTRIAL REAL ESTATE
5.05%
SMART REAL ESTATE INVESTMENT
4.92%
Diversification
XRE
Total weight of top 10 holdings out of 16 total
79.92%
VRE
Total weight of top 10 holdings out of 19 total
74.87%
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 | 4.52% | 3.02% |
| 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 April 28, 2026, XRE has returned 9.23% year to date, while VRE has returned 1.79%. XRE is ahead on YTD performance.
Which ETF is larger by assets under management: XRE or VRE?
As of April 28, 2026, XRE manages $1.17 B in assets, while VRE manages $285.27 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 Real Estate. VRE is most exposed to Real Estate and Health Care.
Which ETF is attracting more investor flows: XRE or VRE?
Year to date, XRE has seen +$26.85 M in net flows, compared with +$0.60 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 UNT and CANADIAN APARTMENT PROPER REIT UNT. VRE's top holdings include FIRSTSERVICE CORP, COLLIERS INTERNATIONAL GROUP, and CHARTWELL RETIREMENT RESIDENCES.
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
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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