BMAX.TO vs. VRIF.TO
BMAX.TO (Brompton Enhanced Multi-Asset Income ETF) and VRIF.TO (Vanguard Retirement Income ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 3 years, BMAX.TO returned 17.46%/yr vs 9.18%/yr for VRIF.TO. A 0.62 correlation means they provide meaningful diversification when combined. BMAX.TO charges 1.20%/yr vs 0.29%/yr for VRIF.TO.
Performance
BMAX.TO vs. VRIF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BMAX.TO achieves a 9.61% return, which is significantly higher than VRIF.TO's 4.31% return.
BMAX.TO
- 1D
- -0.26%
- 1M
- -0.63%
- 6M
- 7.54%
- YTD
- 9.61%
- 1Y
- 17.55%
- 3Y*
- 17.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.30%
VRIF.TO
- 1D
- 0.26%
- 1M
- -0.93%
- 6M
- 2.72%
- YTD
- 4.31%
- 1Y
- 9.67%
- 3Y*
- 9.18%
- 5Y*
- 4.12%
- 10Y*
- —
- ALL TIME*
- 5.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$187.21K | CA$217.93K | CA$209.61K | |
| CA$344.07K | CA$388.57K | CA$524.49K |
BMAX.TO vs. VRIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BMAX.TO Brompton Enhanced Multi-Asset Income ETF | 9.61% | 17.88% | 19.43% | 11.56% | 5.83% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 4.31% | 10.60% | 8.42% | 8.96% | 4.67% |
Correlation
The correlation between BMAX.TO and VRIF.TO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.62 |
The correlation between BMAX.TO and VRIF.TO shifts across timeframes, from 0.62 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BMAX.TO vs. VRIF.TO — Risk / Return Rank
BMAX.TO
VRIF.TO
BMAX.TO vs. VRIF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and Vanguard Retirement Income ETF Portfolio (VRIF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BMAX.TO | VRIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.13 | -0.24 |
| Martin ratioReturn relative to average drawdown | 7.94 | 8.51 | -0.58 |
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Drawdowns
BMAX.TO vs. VRIF.TO - Drawdown Comparison
The maximum BMAX.TO drawdown since its inception was -15.42%, roughly equal to the maximum VRIF.TO drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for BMAX.TO and VRIF.TO.
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Drawdown Indicators
| BMAX.TO | VRIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.42% | -16.19% | +0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -4.57% | -4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -5.01% | -10.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.19% | — |
Current DrawdownCurrent decline from peak | -3.32% | -1.49% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -3.79% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.14% | +1.08% |
Volatility
BMAX.TO vs. VRIF.TO - Volatility Comparison
Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) has a higher volatility of 3.91% compared to Vanguard Retirement Income ETF Portfolio (VRIF.TO) at 1.55%. This indicates that BMAX.TO's price experiences larger fluctuations and is considered to be riskier than VRIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMAX.TO | VRIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 1.55% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 4.93% | +4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 5.66% | +5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 6.28% | +6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.16% | 6.24% | +6.92% |
BMAX.TO vs. VRIF.TO - Expense Ratio Comparison
BMAX.TO has a 1.20% expense ratio, which is higher than VRIF.TO's 0.29% expense ratio.
Dividends
BMAX.TO vs. VRIF.TO - Dividend Comparison
BMAX.TO's dividend yield for the trailing twelve months is around 9.70%, more than VRIF.TO's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BMAX.TO Brompton Enhanced Multi-Asset Income ETF | 9.70% | 9.70% | 9.65% | 9.55% | 2.41% | 0.00% | 0.00% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 3.78% | 3.77% | 3.94% | 4.32% | 4.72% | 3.86% | 1.27% |
Frequently Asked Questions
BMAX.TO and VRIF.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VRIF.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VRIF.TO is cheaper with a 0.29% expense ratio, compared with 1.20% for BMAX.TO.
They also come from different issuers: Brompton Funds Limited and Vanguard. Their fees differ too: 1.20% for BMAX.TO and 0.29% for VRIF.TO.
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