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: Finance. When evaluating costs, ZRE features a management fee (MER) of 0.55%, compared to 0.35% for VRE. Performance-wise, ZRE has returned 3.65% year-to-date with -$3 M in net flows, whereas VRE is at 1.22% with -$11 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 | $573.62 M | $268.46 M |
| Management Fees | 0.55% | 0.35% |
| Exp. ratio | 0.61% | 0.39% |
| Tracking Difference | -0.66% | -0.29% |
Historical performance and flows
As of November 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZRE | +0.64% | -8.11% | +3.65% | +5.98% | +29.36% |
VRE | +6.70% | -2.32% | +1.22% | +0.64% | +28.45% | |
| Flows | ZRE | -$4 M | -$7 M | -$3 M | -$11 M | -$22 M |
VRE | -$1 M | -$3 M | -$11 M | -$8 M | -$35 M |
ZRE vs VRE exposure
Countries
ZRE
Canada
94.22%
VRE
Canada
99.63%
Sectors
ZRE
Finance
100.00%
VRE
Finance
99.63%
As of November 3, 2026
Top 10 Holdings
ZRE
Slate Grocery REIT
6.48%
Primaris Real Estate Investment Trust
5.88%
BSR Real Estate Investment Trust
5.78%
First Capital Real Estate Investment Trust
5.66%
Crombie Real Estate Investment Trust
5.64%
RioCan Real Estate Investment Trust
5.62%
CT Real Estate Investment Trust
5.60%
Vital Infrastructure Property Trust
5.55%
Chartwell Retirement Residences
5.50%
Killam Apartment REIT
5.49%
VRE
FirstService Corp.
11.23%
Chartwell Retirement Residences
9.85%
RioCan Real Estate Investment Trust
8.97%
Colliers International Group, Inc.
8.36%
Granite Real Estate Investment Trust
7.64%
Canadian Apartment Properties Real Estate Investment Trust
7.23%
First Capital Real Estate Investment Trust
7.20%
Choice Properties Real Estate Investment Trust
5.84%
Dream Industrial Real Estate Investment Trust
5.34%
SmartCentres Real Estate Investment Trust
5.14%
Diversification
ZRE
Total weight of top 10 holdings out of 18 total
57.20%
VRE
Total weight of top 10 holdings out of 18 total
76.81%
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 | 4.74% | 2.80% |
| 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 November 3, 2026, ZRE has returned 3.65% year to date, while VRE has returned 1.22%. ZRE is ahead on YTD performance.
Which ETF is larger by assets under management: ZRE or VRE?
As of November 3, 2026, ZRE manages $573.62 M in assets, while VRE manages $268.46 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 Finance. VRE is most exposed to Finance.
Which ETF is attracting more investor flows: ZRE or VRE?
Year to date, ZRE has seen -$3.20 M in net flows, compared with -$11.11 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 Slate Grocery REIT, Primaris Real Estate Investment Trust, and BSR 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: ZRE or VRE?
ZRE holds 18 securities, while VRE holds 18. 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 Edouard Caillieux inReal Estate
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