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BMO Equal Weight REITs Index ETF (ZRE.TO) ETF Analysis

ZRE.TO

Expense ratio 0.61% Yield 4.66% Assets CA$588.63M Since May 19, 2010 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$22.29

−CA$0.15 (−0.67%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ZRE.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+4.27%	+4.27%	CA$104.27	CA$312.81
3 years	+39.26%	+11.67%	CA$139.26	CA$417.78
5 years	+3.04%	+0.60%	CA$103.04	CA$309.11
10 years	+87.23%	+6.47%	CA$187.23	CA$561.69

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

ZRE.TO Return by Calendar Year

2016 and 2026 are partial years

+34.04%−17.75%+4.54%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+4.54%
2025	+12.75%
2024	+2.89%
2023	+0.91%
2022	−17.75%
2021	+34.04%
2020	−7.72%
2019	+25.86%
2018	+3.36%
2017	+14.36%
2016 (partial year)	−5.40%

ZRE.TO Monthly Returns

−27%+17%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+5.8	+1.4	−5.0	+6.8	+1.4	+2.8	+0.6	−6.4	−1.5	−0.7	—	—
2025	−0.1	+3.2	+1.0	−1.2	+6.3	+1.0	−0.5	+2.8	+0.8	−2.3	+0.4	+0.8
2024	−0.2	−2.8	+2.9	−4.3	+0.5	−0.3	+8.4	+6.0	+7.2	−7.2	+0.6	−6.4
2023	+10.2	−0.7	−6.8	−0.7	−2.8	+0.1	+2.4	−2.7	−5.4	−7.4	+7.3	+9.6
2022	−2.8	+1.4	+2.6	−4.8	−3.5	−10.4	+6.0	−4.5	−8.7	+2.4	+7.1	−2.3
2021	+0.0	+3.4	+5.0	+4.1	+2.7	+4.2	+4.1	+1.7	−3.0	+5.9	−4.3	+6.4
2020	+4.1	−2.7	−26.6	+7.5	−1.5	+4.0	+1.5	−0.5	−1.1	−1.7	+16.6	−1.5
2019	+8.3	+4.0	+3.7	−3.0	+2.0	+0.4	+2.2	+3.6	+2.7	−0.7	+2.6	−2.0
2018	+0.7	−1.3	+2.2	−0.2	+3.1	+1.1	+0.8	+2.2	−0.5	−1.7	+1.3	−4.3
2017	+1.1	+2.9	+0.5	+2.0	+0.5	−0.4	−1.3	+1.7	−0.2	+2.3	+2.6	+1.7

Monthly total returns with dividends reinvested; each cell prints its signed value.

ZRE.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 17.74%
Beta (3y): 0.88
Best year: +34.04%
Worst year: −17.75%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	PMZ-UN.TO	Primaris REIT Unit - Series A	6.68%
2	REI-UN.TO	Riocan Real Estate Investment Trust	6.02%
3	FCR-UN.TO	First Capital REIT	6.02%
4	KMP-UN.TO	Killam Apartment Real Estate Investment Trust	5.9%
5	DIR-UN.TO	Dream Industrial Real Estate Investment Trust	5.73%
6	CRT-UN.TO	CT Real Estate Investment Trust	5.64%
7	SRU-UN.TO	SmartCentres Real Estate Investment Trust Trust Units Variable Voting	5.59%
8	CRR-UN.TO	Crombie Real Estate Investment Trust	5.54%
9	SGR-UN.TO	Slate Grocery REIT Unit - Class U	5.48%
10	GRT-UN.TO	Granite Real Estate Investment Trust Unit	5.47%

Analysis

Data-derived

Fund Overview

BMO Equal Weight REITs Index ETF (ZRE.TO) is an exchange-traded fund. The fund holds CA$588.63M in total net assets. Annual costs run at an expense ratio of 0.61%. On a CA$10,000 position that is CA$61.00 a year. The fund is issued by BMO Asset Management Inc. It has been trading since May 19, 2010.

The largest positions on file are Primaris REIT Unit - Series A (PMZ-UN.TO), Riocan Real Estate Investment Trust (REI-UN.TO), and First Capital REIT (FCR-UN.TO). Primaris REIT Unit - Series A alone accounts for 6.68% of the portfolio. The ten largest positions together make up 58.07% of the fund.

Performance Analysis

ZRE.TO last closed at CA$22.29 on October 21, 2026. Over the trailing twelve months the total return is +4.27%. Across 10 years the annualized return works out at +6.47%. The fund distributes at a trailing yield of 4.66%.

Across the complete calendar years on file, 2021 returned +34.04% and 2022 returned −17.75%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is +4.54% year to date.

Price & Risk Profile

The 52-week range on file runs from CA$21.30 to CA$25.06. The latest close sits 4.65% above that 52-week low. Annualized volatility over the trailing 10 years is 17.74%. The reported beta is 0.88. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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