VS
Compare iShares S&P/TSX Capped REIT Index ETF (XRE) vs BMO Equal Weight REITs Index ETF (ZRE) to find the best fit for your portfolio. XRE provides Real Estate exposures, while ZRE is primarily weighted in Real Estate and Health Care. When evaluating costs, XRE features a management fee (MER) of 0.55%, compared to 0.55% for ZRE. Performance-wise, XRE has returned 9.07% year-to-date with +$32 M in net flows, whereas ZRE is at 8.86% 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
XRE
ZRE
| AuM | $1,181.72 M | $624.20 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -0.63% | -0.66% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XRE | +8.47% | +4.11% | +9.07% | +19.57% | +12.03% |
ZRE | +7.96% | +2.46% | +8.86% | +21.13% | +25.13% | |
| Flows | XRE | +$29 M | +$33 M | +$32 M | -$419 M | +$136 M |
ZRE | -$1 M | +$5 M | +$3 M | +$0 M | -$29 M |
XRE vs ZRE exposure
Countries
XRE
Canada
99.55%
ZRE
Canada
100.00%
Sectors
XRE
Real Estate
86.89%
Other
13.11%
ZRE
Real Estate
85.53%
Other
9.64%
As of April 24, 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%
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
XRE
Total weight of top 10 holdings out of 16 total
79.92%
ZRE
Total weight of top 10 holdings out of 20 total
51.02%
Characteristics
Compare
XRE
ZRE
| Provider | iShares | BMO |
| 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 | Distributing |
| Trailing 12m distribution yield | 4.54% | 4.50% |
| Meets ESG criteria | No | No |
| Inception Date | October 17, 2002 | May 19, 2010 |
Frequently asked questions about XRE and ZRE
Which ETF has performed better year to date: XRE or ZRE?
As of April 24, 2026, XRE has returned 9.07% year to date, while ZRE has returned 8.86%. XRE is ahead on YTD performance.
Which ETF is larger by assets under management: XRE or ZRE?
As of April 24, 2026, XRE manages $1.18 B in assets, while ZRE manages $624.20 M. XRE is the larger fund by AUM.
How are XRE and ZRE managed?
XRE is passively managed by iShares. It tracks the S&P/TSX Capped REIT Total Return Index - CAD benchmark. ZRE is passively managed by BMO. It tracks the Solactive Equal Weight Canada REIT Total Return Index - CAD benchmark.
What sectors do XRE and ZRE emphasize?
XRE is most exposed to Real Estate. ZRE is most exposed to Real Estate and Health Care.
Which ETF is attracting more investor flows: XRE or ZRE?
Year to date, XRE has seen +$31.83 M in net flows, compared with +$2.75 M for ZRE. XRE has attracted more net investor money so far.
How do the fees of XRE and ZRE compare?
XRE has an expense ratio of 0.60%, while ZRE has an expense ratio of 0.61%.
What are the top holdings of XRE and ZRE?
XRE's largest holdings include RIOCAN REAL ESTATE UNT and CANADIAN APARTMENT PROPER REIT UNT. ZRE's top holdings include ALLIED PROPERTIES REAL ESTAT INV UNT and MINTO APARTMENT REIT UNT.
Which ETF is more diversified: XRE or ZRE?
XRE holds 15 securities, while ZRE holds 19. On holdings count, ZRE is the more diversified portfolio.
Recent articles about XRE 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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