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RMAX.TO vs. KBWY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RMAX.TO vs. KBWY

Last updated Jun 26, 2026

RMAX.TO (Hamilton REITs YIELD MAXIMIZER ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds. Over the past year, RMAX.TO returned 15.41% vs 34.50% for KBWY. A 0.63 correlation means they provide meaningful diversification when combined. RMAX.TO charges 0.79%/yr vs 0.35%/yr for KBWY.

Performance

RMAX.TO vs. KBWY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

RMAX.TO is traded in CAD, while KBWY is traded in USD. To make them comparable, the KBWY 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 KBWY's 28.85% return.

RMAX.TO

1D
0.12%
1M
3.22%
YTD
12.71%
6M
13.43%
1Y
15.41%
3Y*
—
5Y*
—
10Y*
—

KBWY

1D
0.86%
1M
8.34%
YTD
28.85%
6M
29.63%
1Y
34.50%
3Y*
13.55%
5Y*
6.11%
10Y*
2.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RMAX.TO vs. KBWY - Yearly Performance Comparison

2026 (YTD)20252024
RMAX.TO
Hamilton REITs YIELD MAXIMIZER ETF		12.71%5.39%9.49%
KBWY
Invesco KBW Premium Yield Equity REIT ETF		28.85%-9.63%11.64%

Correlation

The correlation between RMAX.TO and KBWY is 0.61, 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

0.61

Correlation (All Time)
Calculated using the full available price history since Jun 20, 2024

0.63

The correlation between RMAX.TO and KBWY has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Hamilton REITs YIELD MAXIMIZER ETF

Invesco KBW Premium Yield Equity REIT ETF

Often compared with RMAX.TO:
RMAX.TO vs. MREL.TORMAX.TO vs. RIT.TORMAX.TO vs. ZRE.TORMAX.TO vs. APR-UN.TORMAX.TO vs. HGR.TORMAX.TO vs. VRAIRMAX.TO vs. UKRE.L
Often compared with KBWY:
KBWY vs. SPYDKBWY vs. VNQKBWY vs. OKBWY vs. SRETKBWY vs. JEPIKBWY vs. SCHHKBWY vs. VOO

Return for Risk

RMAX.TO vs. KBWY — 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: 4545
Overall Rank
RMAX.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
RMAX.TO Sortino Ratio Rank: 4343
Sortino Ratio Rank
RMAX.TO Omega Ratio Rank: 4141
Omega Ratio Rank
RMAX.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
RMAX.TO Martin Ratio Rank: 4040
Martin Ratio Rank
KBWY
KBWY Risk / Return Rank: 6161
Overall Rank
KBWY Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
KBWY Sortino Ratio Rank: 6363
Sortino Ratio Rank
KBWY Omega Ratio Rank: 5555
Omega Ratio Rank
KBWY Calmar Ratio Rank: 7373
Calmar Ratio Rank
KBWY Martin Ratio Rank: 5151
Martin Ratio Rank
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. KBWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). 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.TOKBWYDifference
Sharpe ratioReturn per unit of total volatility
1.41
2.00

-0.59

Sortino ratioReturn per unit of downside risk
1.99
2.77

-0.78

Omega ratioGain probability vs. loss probability

1.25

1.33

-0.08

Calmar ratioReturn relative to maximum drawdown

2.41

4.29

-1.88

Martin ratioReturn relative to average drawdown

5.78

9.71

-3.93

RMAX.TO vs. KBWY - Sharpe Ratio Comparison

The current RMAX.TO Sharpe Ratio is 1.41, which is comparable to the KBWY Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of RMAX.TO and KBWY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RMAX.TO vs. KBWY - Drawdown Comparison

The maximum RMAX.TO drawdown since its inception was -15.90%, smaller than the maximum KBWY drawdown of -54.40%. Use the drawdown chart below to compare losses from any high point for RMAX.TO and KBWY.

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Drawdown Indicators

RMAX.TOKBWYDifference

Max Drawdown

Largest peak-to-trough decline

-15.90%

-54.40%

+38.50%

Max Drawdown (1Y)

Largest decline over 1 year

-6.42%

-8.07%

+1.65%

Max Drawdown (3Y)

Largest decline over 3 years

—

-26.84%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-28.50%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-54.40%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.60%

-13.37%

+9.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

3.56%

-0.89%

Volatility

RMAX.TO vs. KBWY - Volatility Comparison

The current volatility for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) is 3.20%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 5.36%. This indicates that RMAX.TO experiences smaller price fluctuations and is considered to be less risky than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RMAX.TOKBWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.20%

5.36%

-2.16%

Volatility (6M)

Calculated over the trailing 6-month period

8.57%

12.69%

-4.12%

Volatility (1Y)

Calculated over the trailing 1-year period

11.10%

17.51%

-6.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.91%

22.27%

-9.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.91%

27.53%

-14.62%

RMAX.TO vs. KBWY - Expense Ratio Comparison

RMAX.TO has a 0.79% expense ratio, which is higher than KBWY's 0.35% expense ratio.

Dividends

RMAX.TO vs. KBWY - Dividend Comparison

RMAX.TO's dividend yield for the trailing twelve months is around 10.12%, more than KBWY's 8.19% yield.

PositionTTM20252024202320222021202020192018201720162015
KBWY
Invesco KBW Premium Yield Equity REIT ETF		8.19%9.79%8.74%7.90%7.41%5.05%10.35%6.19%8.64%7.25%6.55%5.72%
RMAX.TO
Hamilton REITs YIELD MAXIMIZER ETF		10.12%10.65%4.88%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

RMAX.TO and KBWY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, KBWY is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

KBWY is cheaper with a 0.35% expense ratio, compared with 0.79% for RMAX.TO.

They also come from different issuers: Hamilton ETFs and Invesco. Their fees differ too: 0.79% for RMAX.TO and 0.35% for KBWY.

Portfolio Optimizer

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