BGRT.NEO vs. RMAX.TO
BGRT.NEO (BMO Global REIT Fund Active ETF Series) and RMAX.TO (Hamilton REITs YIELD MAXIMIZER ETF) are both REIT funds. Over the past year, BGRT.NEO returned 6.97% vs 10.77% for RMAX.TO. At a 0.20 correlation, their price movements are largely independent. BGRT.NEO charges 1.01%/yr vs 0.79%/yr for RMAX.TO.
Performance
BGRT.NEO vs. RMAX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGRT.NEO achieves a 6.70% return, which is significantly lower than RMAX.TO's 8.31% return.
BGRT.NEO
- 1D
- 0.00%
- 1M
- -0.62%
- YTD
- 6.70%
- 6M
- 5.55%
- 1Y
- 6.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RMAX.TO
- 1D
- 1.04%
- 1M
- 0.27%
- YTD
- 8.31%
- 6M
- 8.66%
- 1Y
- 10.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BGRT.NEO vs. RMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BGRT.NEO BMO Global REIT Fund Active ETF Series | 6.70% | 1.51% | 6.13% |
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF | 8.31% | 5.39% | 9.70% |
Correlation
The correlation between BGRT.NEO and RMAX.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2024 | 0.20 |
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Return for Risk
BGRT.NEO vs. RMAX.TO — Risk / Return Rank
BGRT.NEO
RMAX.TO
BGRT.NEO vs. RMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Global REIT Fund Active ETF Series (BGRT.NEO) and Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BGRT.NEO | RMAX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.68 | -0.55 |
| Martin ratioReturn relative to average drawdown | 3.08 | 4.03 | -0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BGRT.NEO | RMAX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.99 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.95 | -0.41 |
Drawdowns
BGRT.NEO vs. RMAX.TO - Drawdown Comparison
The maximum BGRT.NEO drawdown since its inception was -16.06%, roughly equal to the maximum RMAX.TO drawdown of -15.90%. Use the drawdown chart below to compare losses from any high point for BGRT.NEO and RMAX.TO.
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Drawdown Indicators
| BGRT.NEO | RMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -15.90% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -6.43% | +0.26% |
Current DrawdownCurrent decline from peak | -2.24% | -1.27% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -3.70% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.68% | -0.41% |
Volatility
BGRT.NEO vs. RMAX.TO - Volatility Comparison
The current volatility for BMO Global REIT Fund Active ETF Series (BGRT.NEO) is 2.59%, while Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) has a volatility of 3.52%. This indicates that BGRT.NEO experiences smaller price fluctuations and is considered to be less risky than RMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGRT.NEO | RMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 3.52% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 8.27% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 10.90% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 12.99% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 12.99% | +1.17% |
BGRT.NEO vs. RMAX.TO - Expense Ratio Comparison
BGRT.NEO has a 1.01% expense ratio, which is higher than RMAX.TO's 0.79% expense ratio.
Dividends
BGRT.NEO vs. RMAX.TO - Dividend Comparison
BGRT.NEO's dividend yield for the trailing twelve months is around 3.94%, less than RMAX.TO's 10.53% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BGRT.NEO BMO Global REIT Fund Active ETF Series | 3.94% | 4.14% | 4.03% | 1.86% |
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF | 10.53% | 10.65% | 4.88% | 0.00% |
Frequently Asked Questions
BGRT.NEO and RMAX.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RMAX.TO is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RMAX.TO is cheaper with a 0.79% expense ratio, compared with 1.01% for BGRT.NEO.
They also come from different issuers: BMO and Hamilton ETFs. Their fees differ too: 1.01% for BGRT.NEO and 0.79% for RMAX.TO.
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