VRE.TO
Vanguard FTSE Canadian Capped REIT Index ETF
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 279.2 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Nov 02, 2012 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| FIRSTSERVICE CORP | 10.2 % |
| CHARTWELL SENIORS HOUSING RE | 9.1 % |
| RIOCAN REAL ESTATE INVESTMENT TRUST | 8.7 % |
| CANADIAN APARTMENT PROPERTIES REAL ESTAT | 8.4 % |
| COLLIERS INTERNATIONAL GROUP INC. | 7.7 % |
| GRANITE REAL ESTATE INVESTMENT TRUST UNI | 7.6 % |
| FIRST CAPITAL REAL ESTATE INVESTMENT TRU | 6.9 % |
| CHOICE PROPERTIES REAL ESTATE INVESTMENT | 5.9 % |
| DREAM INDUSTRIAL REAL ESTATE INVESTMENT | 5.6 % |
| SMARTCENTRES REAL ESTATE INVESTMENT TRUS | 5.1 % |
Constituent Breakdown
| Number of holdings | 19 |
| Herfindahl-Hirschman Index | 662 |
| Wgt avg mkt cap (mns) | $3,463 |
| Large cap (>$10bn) | 75.2% |
| Mid cap ($2-10bn) | 17.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 92.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 92.4 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.6% | 0.0% | 5.6% | 3.0% | -1.4% | 0.8% | -- | 1.9% |
| Dividend Yield | 1.1% | 3.0% | 3.0% | 3.0% | 3.2% | 3.7% | -- | 3.4% |
| Total Returns | 0.6% | 3.0% | 8.6% | 6.0% | 1.7% | 4.5% | -- | 5.3% | Ann. Volatility | 15.1% | 13.0% | 14.4% | 15.3% | 16.0% | 17.5% | -- | 16.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.47 | 18% |
| MSCI EAFE | 0.39 | 20% |
| MSCI Emg Mkts | 0.20 | 9% |
Liquidity Measures
| Avg. volume (000) | 12 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $31.90 |
| Relative strength (RSI) | 51 |
| MACD/Signal | 0.02/-0.03 |
| Bollinger Bands (Upper/Lower) | $32.59/$31.10 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VRE.TO |
Expenses vs. VRE.TO |
ALTAR Score™ vs. VRE.TO |
|---|---|---|---|---|
| XRE.TO | iShares S&P/TSX Capped REIT Index ETF | 63.0% | +26 bp | +2.7% |
| ZRE.TO | BMO Equal Weight REITs Index ETF | 59.0% | +20 bp | -12.1% |
| REIT.TO | Global X Equal Weight Canadian REITs Index ETF | 57.2% | -35 bp | -12.1% |
| MREL.TO | Middlefield Real Estate Dividend ETF | 47.3% | +64 bp | -2.6% |
| TLV.TO | Invesco S&P/TSX Composite Low Volatility Index ETF | 25.4% | -5 bp | -3.4% |
Risk and Returns: VRE.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/4/2026
Peer Group Comparison
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ETF Research Center Rating
12.1%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. VRE.TO's ALTAR Score™ is approximately 4.4 standard
deviations above the category average. This places VRE.TO in the 99th percentile
among funds in the category.
Sell-Side Consensus
$39.57
PRICE TARGET
+23.5%
UPSIDE