VS
Compare BMO Equal Weight REITs Index ETF (ZRE) vs Vanguard FTSE Canadian Capped REIT Index ETF (VRE) to find the best fit for your portfolio. ZRE and VRE provide the same top sector exposures: Real Estate and Health Care. When evaluating costs, ZRE features a management fee (MER) of 0.55%, compared to 0.35% for VRE. Performance-wise, ZRE has returned 8.88% year-to-date with +$3 M in net flows, whereas VRE is at 0.6% 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
ZRE
VRE
| AuM | $622.17 M | $280.33 M |
| Management Fees | 0.55% | 0.35% |
| Exp. ratio | 0.61% | 0.39% |
| Tracking Difference | -0.76% | -0.37% |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZRE | +5.41% | +2.00% | +8.88% | +18.42% | +26.47% |
VRE | +3.26% | -1.55% | +0.60% | +7.64% | +17.07% | |
| Flows | ZRE | +$0 M | +$5 M | +$3 M | +$1 M | -$27 M |
VRE | -$1 M | -$1 M | -$1 M | +$4 M | -$58 M |
ZRE vs VRE exposure
Countries
ZRE
Canada
100.00%
VRE
Canada
99.61%
Sectors
ZRE
Real Estate
85.53%
Other
9.64%
VRE
Real Estate
83.45%
Health Care
9.09%
Other
7.46%
As of May 1, 2026
Top 10 Holdings
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%
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
ZRE
Total weight of top 10 holdings out of 20 total
51.02%
VRE
Total weight of top 10 holdings out of 19 total
74.87%
Characteristics
Compare
ZRE
VRE
| Provider | BMO | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada 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 | 4.47% | 2.82% |
| Meets ESG criteria | No | No |
| Inception Date | May 19, 2010 | November 2, 2012 |
Frequently asked questions about ZRE and VRE
Which ETF has performed better year to date: ZRE or VRE?
As of May 1, 2026, ZRE has returned 8.88% year to date, while VRE has returned 0.60%. ZRE is ahead on YTD performance.
Which ETF is larger by assets under management: ZRE or VRE?
As of May 1, 2026, ZRE manages $622.17 M in assets, while VRE manages $280.33 M. ZRE is the larger fund by AUM.
How are ZRE and VRE managed?
ZRE is passively managed by BMO. It tracks the Solactive Equal Weight Canada 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 ZRE and VRE emphasize?
ZRE is most exposed to Real Estate and Health Care. VRE is most exposed to Real Estate and Health Care.
Which ETF is attracting more investor flows: ZRE or VRE?
Year to date, ZRE has seen +$2.75 M in net flows, compared with -$1.01 M for VRE. ZRE has attracted more net investor money so far.
How do the fees of ZRE and VRE compare?
ZRE has an expense ratio of 0.61%, while VRE has an expense ratio of 0.39%.
What are the top holdings of ZRE and VRE?
ZRE's largest holdings include ALLIED PROPERTIES REAL ESTAT INV UNT and MINTO APARTMENT REIT UNT. VRE's top holdings include FIRSTSERVICE CORP, COLLIERS INTERNATIONAL GROUP, and CHARTWELL RETIREMENT RESIDENCES.
Which ETF is more diversified: ZRE or VRE?
ZRE holds 19 securities, while VRE holds 19. On holdings count, ZRE is the more diversified portfolio.
Recent articles about ZRE 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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