RMAX.TO vs. BGRT.NEO
RMAX.TO (Hamilton REITs YIELD MAXIMIZER ETF) and BGRT.NEO (BMO Global REIT Fund Active ETF Series) are both REIT funds. Over the past year, RMAX.TO returned 9.43% vs 6.97% for BGRT.NEO. At a 0.21 correlation, their price movements are largely independent. RMAX.TO charges 0.79%/yr vs 1.01%/yr for BGRT.NEO.
Performance
RMAX.TO vs. BGRT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, RMAX.TO achieves a 7.20% return, which is significantly higher than BGRT.NEO's 6.70% return.
RMAX.TO
- 1D
- -0.18%
- 1M
- -0.46%
- YTD
- 7.20%
- 6M
- 7.28%
- 1Y
- 9.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BGRT.NEO
- 1D
- 0.00%
- 1M
- -0.56%
- YTD
- 6.70%
- 6M
- 5.55%
- 1Y
- 6.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RMAX.TO vs. BGRT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF | 7.20% | 5.39% | 9.70% |
BGRT.NEO BMO Global REIT Fund Active ETF Series | 6.70% | 1.51% | 6.13% |
Correlation
The correlation between RMAX.TO and BGRT.NEO 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 | 0.21 |
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Return for Risk
RMAX.TO vs. BGRT.NEO — Risk / Return Rank
RMAX.TO
BGRT.NEO
RMAX.TO vs. BGRT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and BMO Global REIT Fund Active ETF Series (BGRT.NEO). 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.
| RMAX.TO | BGRT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.13 | +0.34 |
| Martin ratioReturn relative to average drawdown | 3.53 | 3.09 | +0.44 |
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
| RMAX.TO | BGRT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.72 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.54 | +0.36 |
Drawdowns
RMAX.TO vs. BGRT.NEO - Drawdown Comparison
The maximum RMAX.TO drawdown since its inception was -15.90%, roughly equal to the maximum BGRT.NEO drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for RMAX.TO and BGRT.NEO.
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Drawdown Indicators
| RMAX.TO | BGRT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.90% | -16.06% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -6.17% | -0.26% |
Current DrawdownCurrent decline from peak | -2.28% | -2.24% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -4.02% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.26% | +0.42% |
Volatility
RMAX.TO vs. BGRT.NEO - Volatility Comparison
Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) has a higher volatility of 3.36% compared to BMO Global REIT Fund Active ETF Series (BGRT.NEO) at 2.59%. This indicates that RMAX.TO's price experiences larger fluctuations and is considered to be riskier than BGRT.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMAX.TO | BGRT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 2.59% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 8.12% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.86% | 9.72% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 14.17% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 14.17% | -1.19% |
RMAX.TO vs. BGRT.NEO - Expense Ratio Comparison
RMAX.TO has a 0.79% expense ratio, which is lower than BGRT.NEO's 1.01% expense ratio.
Dividends
RMAX.TO vs. BGRT.NEO - Dividend Comparison
RMAX.TO's dividend yield for the trailing twelve months is around 10.64%, more than BGRT.NEO's 3.94% 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 | 10.64% | 10.65% | 4.88% | 0.00% |
Frequently Asked Questions
RMAX.TO and BGRT.NEO 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: Hamilton ETFs and BMO. Their fees differ too: 0.79% for RMAX.TO and 1.01% for BGRT.NEO.
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