XRE vs. ZLB ETF Comparison

Comparison of iShares S&P/TSX Capped REIT Index ETF (XRE) to BMO Low Volatility Canadian Equity ETF (ZLB)

XRE

iShares S&P/TSX Capped REIT Index ETF

XRE Description

iShares S&P/TSX Capped REIT Index Fund, formerly iShares CDN S&P/TSX Capped REIT Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped REIT Index (the Index) through investments in the constituent issuers of such Index. The Index consists of securities of Canadian real estate investment trusts (REITs) listed on the Toronto Stock Exchange (TSX), selected by Standard & Poor’s (S&P) using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. The Fund is managed by BlackRock Asset Management Canada Limited.

Grade (RS Rating)

Last Trade

$15.83

Average Daily Volume

482,405

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

ZLB

BMO Low Volatility Canadian Equity ETF

ZLB Description

BMO Low Volatility Canadian Equity ETF seeks to provide exposure to the performance of a portfolio of Canadian equities that have lower sensitivity to market movements with the potential for long-term capital appreciation.

Grade (RS Rating)

Last Trade

$47.77

Average Daily Volume

45,366

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	XRE	ZLB
30 Days	-7.37%	-1.71%
60 Days	-10.65%	-1.77%
90 Days	0.68%	2.66%
12 Months	11.82%	17.61%

0 Overlapping Holdings

	Symbol	Grade	Weight in XRE	Weight in ZLB	Overlap

XRE Overweight 8 Positions Relative to ZLB

	Symbol	Grade	Weight
	CAR.UN	D	16.65%
	REI.UN	D	11.07%
	CHP.UN	D	7.46%
	DIR.UN	D	7.21%
	FCR.UN	C	7.21%
	BEI.UN	D	6.28%
	HR.UN	D	5.43%
	AP.UN	D	4.69%

XRE Underweight 9 Positions Relative to ZLB

	Symbol	Grade	Weight
	MRU	A	-4.26%
	L	B	-4.24%
	EMP.A	A	-3.76%
	H	C	-3.54%
	X	B	-3.11%
	FTS	A	-3.04%
	WN	B	-2.92%
	TRI	C	-2.79%
	IFC	B	-2.72%

XRE: Top Represented Industries & Keywords

Industries: REIT - Retail Diversified Industrials REIT - Healthcare Facilities REIT - Industrial REIT - Residential Rental & Leasing Services

Keywords: Investment Trust Real Estate Real Estate Investment Real Estate Investment Trust Open Ended Real Estate Investment Trust Residential Retail Riocan Real Estate Investment Trust Trust Law Apartment Dream Office Real Estate Investment Trust Kitchen Light Limited Partnership Montreal Partnership Acquisitions Active Management Allied Bathurst

ZLB: Top Represented Industries & Keywords

Industries: Grocery Stores Utilities - Regulated Electric Capital Markets Financial Exchanges Insurance - Property & Casualty

Keywords: Law Drug Financial Food Insurance Investment Trust Pharma Pharmacy Real Estate Real Estate Investment Real Estate Investment Trust Retail Retailers Retailing S&P/Tsx 60 Index Analytics Bank Banking Card Services Credit