RMAX.TO vs. DRN

Last updated Jun 4, 2026

RMAX.TO (Hamilton REITs YIELD MAXIMIZER ETF) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both REIT funds. Over the past year, RMAX.TO returned 9.43% vs 8.41% for DRN. A 0.79 correlation means they provide meaningful diversification when combined. RMAX.TO charges 0.79%/yr vs 0.99%/yr for DRN.

Performance

RMAX.TO vs. DRN - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and Direxion Daily Real Estate Bull 3x Shares (DRN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RMAX.TO is traded in CAD, while DRN is traded in USD. To make them comparable, the DRN values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RMAX.TO achieves a 7.20% return, which is significantly lower than DRN's 21.00% return.

RMAX.TO

• 1D: -0.18%
• 1M: -0.46%
• YTD: 7.20%
• 6M: 7.28%
• 1Y: 9.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRN

• 1D: 0.51%
• 1M: -3.59%
• YTD: 21.00%
• 6M: 15.98%
• 1Y: 8.41%
• 3Y*: 8.60%
• 5Y*: -9.03%
• 10Y*: -4.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RMAX.TO vs. DRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF	7.20%	5.39%	9.70%
DRN Direxion Daily Real Estate Bull 3x Shares	21.00%	-15.31%	22.18%

Correlation

The correlation between RMAX.TO and DRN is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Jun 21, 2024	0.79

The correlation between RMAX.TO and DRN has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

RMAX.TO vs. DRN - Sectors Allocation Comparison

Sectors	RMAX.TO	DRN
Real Estate	100.0%	19.6%
Basic Materials	-	0.4%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

RMAX.TO vs. DRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RMAX.TO

RMAX.TO Risk / Return Rank: 26
RMAX.TO Sharpe Ratio Rank: 25
RMAX.TO Sortino Ratio Rank: 24
RMAX.TO Omega Ratio Rank: 24
RMAX.TO Calmar Ratio Rank: 30
RMAX.TO Martin Ratio Rank: 26

DRN

DRN Risk / Return Rank: 12
DRN Sharpe Ratio Rank: 11
DRN Sortino Ratio Rank: 12
DRN Omega Ratio Rank: 13
DRN Calmar Ratio Rank: 12
DRN Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RMAX.TO vs. DRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and Direxion Daily Real Estate Bull 3x Shares (DRN). 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	DRN	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.23	+0.64
Sortino ratio: Return per unit of downside risk	1.26	0.58	+0.69
Omega ratio: Gain probability vs. loss probability	1.15	1.07	+0.08
Calmar ratio: Return relative to maximum drawdown	1.47	0.40	+1.07
Martin ratio: Return relative to average drawdown	3.53	0.92	+2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMAX.TO vs. DRN - Sharpe Ratio Comparison

The current RMAX.TO Sharpe Ratio is 0.87, which is higher than the DRN Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of RMAX.TO and DRN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RMAX.TO	DRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.23	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.25	+0.66

Drawdowns

RMAX.TO vs. DRN - Drawdown Comparison

The maximum RMAX.TO drawdown since its inception was -15.90%, smaller than the maximum DRN drawdown of -85.03%. Use the drawdown chart below to compare losses from any high point for RMAX.TO and DRN.

Drawdown Indicators

	RMAX.TO	DRN	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-85.03%	+69.13%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-22.87%	+16.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-45.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-78.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-85.03%	—
Current Drawdown Current decline from peak	-2.28%	-64.27%	+61.99%
Average Drawdown Average peak-to-trough decline	-3.71%	-34.37%	+30.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	10.02%	-7.34%

Volatility

RMAX.TO vs. DRN - Volatility Comparison

The current volatility for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) is 3.36%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 11.16%. This indicates that RMAX.TO experiences smaller price fluctuations and is considered to be less risky than DRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMAX.TO	DRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	11.16%	-7.80%
Volatility (6M) Calculated over the trailing 6-month period	8.23%	28.76%	-20.53%
Volatility (1Y) Calculated over the trailing 1-year period	10.86%	39.52%	-28.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.98%	53.62%	-40.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.98%	58.01%	-45.03%

RMAX.TO vs. DRN - Expense Ratio Comparison

RMAX.TO has a 0.79% expense ratio, which is lower than DRN's 0.99% expense ratio.

Dividends

RMAX.TO vs. DRN - Dividend Comparison

RMAX.TO's dividend yield for the trailing twelve months is around 10.64%, more than DRN's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRN Direxion Daily Real Estate Bull 3x Shares	2.23%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF	10.64%	10.65%	4.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RMAX.TO and DRN in my portfolio?

RMAX.TO and DRN have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RMAX.TO or DRN?

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.

Which ETF is cheaper, RMAX.TO or DRN?

RMAX.TO is cheaper with a 0.79% expense ratio, compared with 0.99% for DRN.

What is the main difference between RMAX.TO and DRN?

They also come from different issuers: Hamilton ETFs and Direxion. Their fees differ too: 0.79% for RMAX.TO and 0.99% for DRN.