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

RMAX.TO vs. NETL

Last updated Jun 5, 2026

RMAX.TO (Hamilton REITs YIELD MAXIMIZER ETF) and NETL (NETLease Corporate Real Estate ETF) are both REIT funds. Over the past year, RMAX.TO returned 10.77% vs 14.39% for NETL. A 0.68 correlation means they provide meaningful diversification when combined. RMAX.TO charges 0.79%/yr vs 0.60%/yr for NETL.

Performance

RMAX.TO vs. NETL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and NETLease Corporate Real Estate ETF (NETL). 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 NETL is traded in USD. To make them comparable, the NETL 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 8.31% return, which is significantly lower than NETL's 12.65% return.

RMAX.TO

1D
1.04%
1M
0.27%
YTD
8.31%
6M
8.66%
1Y
10.77%
3Y*
—
5Y*
—
10Y*
—

NETL

1D
0.81%
1M
0.44%
YTD
12.65%
6M
10.27%
1Y
14.39%
3Y*
8.89%
5Y*
4.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RMAX.TO vs. NETL - Yearly Performance Comparison

2026 (YTD)20252024
RMAX.TO
Hamilton REITs YIELD MAXIMIZER ETF		8.31%5.39%9.70%
NETL
NETLease Corporate Real Estate ETF		12.65%1.19%9.94%

Correlation

The correlation between RMAX.TO and NETL is 0.67, 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

0.67

Correlation (All Time)
Calculated using the full available price history since Jun 21, 2024

0.68

The correlation between RMAX.TO and NETL has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.

RMAX.TO vs. NETL - Sectors Allocation Comparison

Sectors
RMAX.TO
NETL

Real Estate

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

RMAX.TO
100.0%
NETL
100.0%

Basic Materials

RMAX.TO

-

NETL

-

Communication Services

RMAX.TO

-

NETL

-

Consumer Cyclical

RMAX.TO

-

NETL

-

Consumer Defensive

RMAX.TO

-

NETL

-

Energy

RMAX.TO

-

NETL

-

Financial Services

RMAX.TO

-

NETL

-

Healthcare

RMAX.TO

-

NETL

-

Industrials

RMAX.TO

-

NETL

-

Technology

RMAX.TO

-

NETL

-

Utilities

RMAX.TO

-

NETL

-

Compare stocks, funds, or ETFs

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Hamilton REITs YIELD MAXIMIZER ETF

NETLease Corporate Real Estate 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 NETL:
NETL vs. SRETNETL vs. SCHHNETL vs. EQIXNETL vs. ONETL vs. VICINETL vs. PLDNETL vs. SPHD

Return for Risk

RMAX.TO vs. NETL — 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: 2929
Overall Rank
RMAX.TO Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
RMAX.TO Sortino Ratio Rank: 2727
Sortino Ratio Rank
RMAX.TO Omega Ratio Rank: 2626
Omega Ratio Rank
RMAX.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
RMAX.TO Martin Ratio Rank: 2929
Martin Ratio Rank
NETL
NETL Risk / Return Rank: 2727
Overall Rank
NETL Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
NETL Sortino Ratio Rank: 2525
Sortino Ratio Rank
NETL Omega Ratio Rank: 2525
Omega Ratio Rank
NETL Calmar Ratio Rank: 2828
Calmar Ratio Rank
NETL Martin Ratio Rank: 3030
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. NETL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and NETLease Corporate Real Estate ETF (NETL). 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.TONETLDifference
Sharpe ratioReturn per unit of total volatility
0.99
1.06

-0.07

Sortino ratioReturn per unit of downside risk
1.42
1.54

-0.12

Omega ratioGain probability vs. loss probability

1.18

1.18

-0.01

Calmar ratioReturn relative to maximum drawdown

1.68

1.87

-0.19

Martin ratioReturn relative to average drawdown

4.03

4.98

-0.95

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. NETL - Sharpe Ratio Comparison

The current RMAX.TO Sharpe Ratio is 0.99, which is comparable to the NETL Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of RMAX.TO and NETL, 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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Sharpe Ratios by Period

RMAX.TONETLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.99

1.06

-0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.27

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.95

0.24

+0.71

Drawdowns

RMAX.TO vs. NETL - Drawdown Comparison

The maximum RMAX.TO drawdown since its inception was -15.90%, smaller than the maximum NETL drawdown of -46.71%. Use the drawdown chart below to compare losses from any high point for RMAX.TO and NETL.

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Drawdown Indicators

RMAX.TONETLDifference

Max Drawdown

Largest peak-to-trough decline

-15.90%

-46.71%

+30.81%

Max Drawdown (1Y)

Largest decline over 1 year

-6.43%

-7.72%

+1.29%

Max Drawdown (3Y)

Largest decline over 3 years

—

-16.03%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.88%

—

Current Drawdown

Current decline from peak

-1.27%

-2.04%

+0.77%

Average Drawdown

Average peak-to-trough decline

-3.70%

-9.41%

+5.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

2.90%

-0.22%

Volatility

RMAX.TO vs. NETL - Volatility Comparison

Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) has a higher volatility of 3.52% compared to NETLease Corporate Real Estate ETF (NETL) at 3.22%. This indicates that RMAX.TO's price experiences larger fluctuations and is considered to be riskier than NETL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RMAX.TONETLDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.52%

3.22%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

8.27%

9.81%

-1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

10.90%

13.60%

-2.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.99%

16.40%

-3.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.99%

23.86%

-10.87%

RMAX.TO vs. NETL - Expense Ratio Comparison

RMAX.TO has a 0.79% expense ratio, which is higher than NETL's 0.60% expense ratio.

Dividends

RMAX.TO vs. NETL - Dividend Comparison

RMAX.TO's dividend yield for the trailing twelve months is around 10.53%, more than NETL's 4.80% yield.

PositionTTM2025202420232022202120202019
NETL
NETLease Corporate Real Estate ETF		4.80%5.12%5.08%4.57%4.47%4.03%3.98%2.52%
RMAX.TO
Hamilton REITs YIELD MAXIMIZER ETF		10.53%10.65%4.88%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

RMAX.TO and NETL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, NETL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

NETL is cheaper with a 0.60% expense ratio, compared with 0.79% for RMAX.TO.

They also come from different issuers: Hamilton ETFs and Exchange Traded Concepts. Their fees differ too: 0.79% for RMAX.TO and 0.60% for NETL.

Portfolio Optimizer

Find the right allocation for RMAX.TO and NETL

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