ZRE.TO
BMO Equal Weight REITs Index ETF
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 612.6 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Inception date | May 19, 2010 |
| 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
| DREAM INDUSTRIAL REAL ESTATE INVESTMENT | 5.5 % |
| RIOCAN REAL ESTATE INVESTMENT TRUST | 5.5 % |
| FIRST CAPITAL REAL ESTATE INVESTMENT TRU | 5.4 % |
| KILLAM APARTMENT REAL ESTATE INVESTMENT | 5.4 % |
| PRIMARIS REAL ESTATE INVESTMENT TRUST | 5.3 % |
| ALLIED PROPERTIES REAL ESTATE INVESTMENT | 5.3 % |
| H&R REAL ESTATE INVESTMENT TRUST | 5.3 % |
| CANADIAN APARTMENT PROPERTIES REAL ESTAT | 5.3 % |
| GRANITE REAL ESTATENT TRUST | 5.2 % |
| SMARTCENTRES REAL ESTATE INVESTMENT TRUS | 5.1 % |
Constituent Breakdown
| Number of holdings | 21 |
| Herfindahl-Hirschman Index | 502 |
| Wgt avg mkt cap (mns) | $1,914 |
| Large cap (>$10bn) | 46.9% |
| Mid cap ($2-10bn) | 38.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 85.5% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 85.5 % |
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 | 8.3% | 8.5% | 10.0% | 4.1% | -0.7% | 2.1% | -- | 3.0% |
| Dividend Yield | 1.6% | 4.8% | 5.3% | 5.3% | 4.8% | 5.1% | -- | 5.3% |
| Total Returns | 9.9% | 13.3% | 15.3% | 9.4% | 4.1% | 7.2% | -- | 8.3% | Ann. Volatility | 12.7% | 11.0% | 13.4% | 14.9% | 15.5% | 17.7% | -- | 15.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.35 | 14% |
| MSCI EAFE | 0.32 | 20% |
| MSCI Emg Mkts | 0.17 | 9% |
Liquidity Measures
| Avg. volume (000) | 19 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $23.54 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.13/0.12 |
| Bollinger Bands (Upper/Lower) | $24.11/$23.19 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZRE.TO |
Expenses vs. ZRE.TO |
ALTAR Score™ vs. ZRE.TO |
|---|---|---|---|---|
| XRE.TO | iShares S&P/TSX Capped REIT Index ETF | 60.8% | +6 bp | +14.8% |
| VRE.TO | Vanguard FTSE Canadian Capped REIT Index ETF | 59.0% | -20 bp | +12.1% |
| MREL.TO | Middlefield Real Estate Dividend ETF | 47.2% | +44 bp | +9.5% |
| REIT.TO | Global X Equal Weight Canadian REITs Index ETF | 46.9% | -55 bp | 0.0% |
| TLV.TO | Invesco S&P/TSX Composite Low Volatility Index ETF | 26.1% | -25 bp | +8.7% |
Risk and Returns: ZRE.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 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | ||
| 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
0.0%
ALTAR SCORE™
PERCENTILE
AVOID
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%. ZRE.TO's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places ZRE.TO in the percentile
among funds in the category.
Sell-Side Consensus
$
PRICE TARGET
-100.0%
UPSIDE