Question 1

What is ZRE?

Accepted Answer

ZRE (BMO Equal Weight REITs Index ETF) is a Canadian-listed ETF trading on the TSX in the Real Estate Equity category. It tracks the Morningstar DM REIT NR CAD.

Question 2

What is the ZRE ETF price today?

Accepted Answer

ZRE last traded at $22.21 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZRE MER (management expense ratio)?

Accepted Answer

ZRE has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, ZRE is considered a low-cost ETF.

Question 4

What are ZRE annualised returns?

Accepted Answer

ZRE historical returns: YTD: +0.27%, 1-year: +4.83%, 3-year annualised: +8.20%, 5-year annualised: +1.50%, 10-year annualised: +6.48%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.38, which measures risk-adjusted return.

Question 5

Does ZRE pay dividends or distributions?

Accepted Answer

Yes, ZRE distributes income to unitholders. The current distribution yield is approximately 4.57%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZRE invest in?

Accepted Answer

ZRE's top holdings include Primaris Retail R.E. Invest. Tr. Units (PMZ-UN, 6.3%), Dream Industrial Real Estate Investment Trust (DIR-UN, 5.6%), RioCan Real Estate Investment Trust (REI-UN, 5.6%), Killam Apartment Real Estate Investment Trust (KMP-UN, 5.5%), Slate Grocery REIT (SGR-UN, 5.4%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar DM REIT NR CAD.

Question 7

What sectors does ZRE invest in?

Accepted Answer

ZRE's largest sector exposures are Real Estate (100.0%), Basic Materials (0.0%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZRE? (Assets under management)

Accepted Answer

ZRE has approximately $596M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZRE launched?

Accepted Answer

ZRE was launched on May 19, 2010, giving it a 16-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZRE in Canada?

Accepted Answer

ZRE trades on the TSX under the ticker ZRE. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZRE?

Accepted Answer

ZRE has a 1-year volatility of 13.42% and a beta of 0.89 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.38 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-09-10	$22.46	$22.50	$22.12	$22.21	$22.21	22,880
2026-09-09	$22.55	$22.62	$22.48	$22.54	$22.54	13,612
2026-09-08	$22.80	$22.80	$22.59	$22.59	$22.59	21,587
2026-09-04	$22.66	$22.89	$22.66	$22.85	$22.85	21,900
2026-09-03	$22.70	$22.78	$22.64	$22.75	$22.75	9,056
2026-09-02	$22.62	$22.82	$22.58	$22.69	$22.69	19,582
2026-09-01	$22.86	$22.90	$22.52	$22.63	$22.63	24,277
2026-08-31	$23.08	$23.08	$22.81	$22.88	$22.88	18,891
2026-08-28	$23.21	$23.22	$22.99	$23.08	$23.08	24,708
2026-08-27	$23.30	$23.30	$23.05	$23.23	$23.23	12,217

#	Ticker	Name	Weight
1	PMZ-UN	Primaris Retail R.E. Invest. Tr. Units	6.33%
2	DIR-UN	Dream Industrial Real Estate Investment Trust	5.56%
3	REI-UN	RioCan Real Estate Investment Trust	5.56%
4	KMP-UN	Killam Apartment Real Estate Investment Trust	5.48%
5	SGR-UN	Slate Grocery REIT	5.44%
6	GRT-UN	Granite Real Estate Investment Trust	5.42%
7	CRT-UN	CT Real Estate Investment Trust	5.36%
8	CRR-UN	Crombie Real Estate Investment Trust	5.31%
9	SRU-UN	SmartCentres Real Estate Investment Trust	5.28%
10	AP-UN	Allied Properties Real Estate Investment Trust	5.28%

Sector	Weight
Real Estate	100.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

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CIBC Investor's Edge

BMO Equal Weight REITs Index ETF (ZRE : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — ZRE