RMAX.TO vs. IQRA
RMAX.TO (Hamilton REITs YIELD MAXIMIZER ETF) and IQRA (IQ CBRE Real Assets ETF) are both REIT funds. Over the past year, RMAX.TO returned 15.41% vs 19.66% for IQRA. A 0.62 correlation means they provide meaningful diversification when combined. RMAX.TO charges 0.79%/yr vs 0.65%/yr for IQRA.
Performance
RMAX.TO vs. IQRA - Performance Comparison
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Different Trading Currencies
RMAX.TO is traded in CAD, while IQRA is traded in USD. To make them comparable, the IQRA 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 12.71% return, which is significantly lower than IQRA's 14.02% return.
RMAX.TO
- 1D
- 0.12%
- 1M
- 3.22%
- YTD
- 12.71%
- 6M
- 13.43%
- 1Y
- 15.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQRA
- 1D
- 1.00%
- 1M
- 3.30%
- YTD
- 14.02%
- 6M
- 13.74%
- 1Y
- 19.66%
- 3Y*
- 14.44%
- 5Y*
- —
- 10Y*
- —
RMAX.TO vs. IQRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF | 12.71% | 5.39% | 9.49% |
IQRA IQ CBRE Real Assets ETF | 14.02% | 7.29% | 11.73% |
Correlation
The correlation between RMAX.TO and IQRA is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2024 | 0.62 |
The correlation between RMAX.TO and IQRA has been stable across timeframes, ranging from 0.62 to 0.62 - a consistent structural relationship.
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Return for Risk
RMAX.TO vs. IQRA — Risk / Return Rank
RMAX.TO
IQRA
RMAX.TO vs. IQRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and IQ CBRE Real Assets ETF (IQRA). 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.
| RMAX.TO | IQRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.61 | -0.20 |
| Martin ratioReturn relative to average drawdown | 5.78 | 8.14 | -2.36 |
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Drawdowns
RMAX.TO vs. IQRA - Drawdown Comparison
The maximum RMAX.TO drawdown since its inception was -15.90%, which is greater than IQRA's maximum drawdown of -12.21%. Use the drawdown chart below to compare losses from any high point for RMAX.TO and IQRA.
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Drawdown Indicators
| RMAX.TO | IQRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.90% | -12.21% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -7.57% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.79% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -2.63% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.42% | +0.25% |
Volatility
RMAX.TO vs. IQRA - Volatility Comparison
The current volatility for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) is 3.20%, while IQ CBRE Real Assets ETF (IQRA) has a volatility of 4.22%. This indicates that RMAX.TO experiences smaller price fluctuations and is considered to be less risky than IQRA 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 | IQRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 4.22% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 9.01% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.10% | 11.66% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 13.44% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.91% | 13.44% | -0.53% |
RMAX.TO vs. IQRA - Expense Ratio Comparison
RMAX.TO has a 0.79% expense ratio, which is higher than IQRA's 0.65% expense ratio.
Dividends
RMAX.TO vs. IQRA - Dividend Comparison
RMAX.TO's dividend yield for the trailing twelve months is around 10.12%, more than IQRA's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IQRA IQ CBRE Real Assets ETF | 2.66% | 2.83% | 3.53% | 2.14% |
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF | 10.12% | 10.65% | 4.88% | 0.00% |
Frequently Asked Questions
RMAX.TO and IQRA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQRA is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQRA is cheaper with a 0.65% expense ratio, compared with 0.79% for RMAX.TO.
They also come from different issuers: Hamilton ETFs and IndexIQ. Their fees differ too: 0.79% for RMAX.TO and 0.65% for IQRA.
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