RMAX.TO vs. PFFR

Last updated Jun 4, 2026

RMAX.TO (Hamilton REITs YIELD MAXIMIZER ETF) and PFFR (InfraCap REIT Preferred ETF) are both exchange-traded funds - RMAX.TO is a REIT fund managed by Hamilton ETFs, while PFFR is a Preferred Stock/Convertible Bonds fund tracking the Indxx REIT Preferred Stock Index. Over the past year, RMAX.TO returned 9.43% vs 8.95% for PFFR. At a 0.22 correlation, their price movements are largely independent. RMAX.TO charges 0.79%/yr vs 0.45%/yr for PFFR.

Performance

RMAX.TO vs. PFFR - Performance Comparison

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

Different Trading Currencies

RMAX.TO is traded in CAD, while PFFR is traded in USD. To make them comparable, the PFFR 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 higher than PFFR's 2.09% return.

RMAX.TO

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

PFFR

• 1D: 0.19%
• 1M: 0.97%
• YTD: 2.09%
• 6M: 0.96%
• 1Y: 8.95%
• 3Y*: 10.54%
• 5Y*: 3.86%
• 10Y*: —

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

RMAX.TO vs. PFFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF	7.20%	5.39%	9.70%
PFFR InfraCap REIT Preferred ETF	2.09%	0.52%	10.22%

Correlation

The correlation between RMAX.TO and PFFR is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jun 21, 2024	0.22

RMAX.TO vs. PFFR - Sectors Allocation Comparison

Sectors	RMAX.TO	PFFR
Real Estate	100.0%	84.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	5.3%
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

RMAX.TO vs. PFFR — 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

PFFR

PFFR Risk / Return Rank: 23
PFFR Sharpe Ratio Rank: 24
PFFR Sortino Ratio Rank: 23
PFFR Omega Ratio Rank: 23
PFFR Calmar Ratio Rank: 23
PFFR Martin Ratio Rank: 20

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. PFFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and InfraCap REIT Preferred ETF (PFFR). 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	PFFR	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.97	-0.10
Sortino ratio: Return per unit of downside risk	1.26	1.38	-0.11
Omega ratio: Gain probability vs. loss probability	1.15	1.18	-0.02
Calmar ratio: Return relative to maximum drawdown	1.47	1.22	+0.25
Martin ratio: Return relative to average drawdown	3.53	3.01	+0.52
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. PFFR - Sharpe Ratio Comparison

The current RMAX.TO Sharpe Ratio is 0.87, which is comparable to the PFFR Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of RMAX.TO and PFFR, 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	PFFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.97	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.19	+0.71

Drawdowns

RMAX.TO vs. PFFR - Drawdown Comparison

The maximum RMAX.TO drawdown since its inception was -15.90%, smaller than the maximum PFFR drawdown of -48.75%. Use the drawdown chart below to compare losses from any high point for RMAX.TO and PFFR.

Drawdown Indicators

	RMAX.TO	PFFR	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-48.75%	+32.85%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-6.73%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.70%	—
Current Drawdown Current decline from peak	-2.28%	-2.25%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.71%	-6.48%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.73%	-0.05%

Volatility

RMAX.TO vs. PFFR - Volatility Comparison

Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) has a higher volatility of 3.36% compared to InfraCap REIT Preferred ETF (PFFR) at 2.82%. This indicates that RMAX.TO's price experiences larger fluctuations and is considered to be riskier than PFFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMAX.TO	PFFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	2.82%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	8.23%	6.56%	+1.67%
Volatility (1Y) Calculated over the trailing 1-year period	10.86%	8.53%	+2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.98%	10.62%	+2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.98%	19.84%	-6.86%

RMAX.TO vs. PFFR - Expense Ratio Comparison

RMAX.TO has a 0.79% expense ratio, which is higher than PFFR's 0.45% expense ratio.

Dividends

RMAX.TO vs. PFFR - Dividend Comparison

RMAX.TO's dividend yield for the trailing twelve months is around 10.64%, more than PFFR's 8.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFFR InfraCap REIT Preferred ETF	8.29%	7.99%	7.78%	7.72%	8.60%	6.08%	6.11%	5.77%	6.48%	6.59%
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 PFFR in my portfolio?

RMAX.TO and PFFR have a correlation of 0.25, 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 PFFR?

On fees, PFFR is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RMAX.TO or PFFR?

PFFR is cheaper with a 0.45% expense ratio, compared with 0.79% for RMAX.TO.

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

RMAX.TO is categorized as REIT, while PFFR is Preferred Stock/Convertible Bonds. They also come from different issuers: Hamilton ETFs and Virtus Investment Partners. Their fees differ too: 0.79% for RMAX.TO and 0.45% for PFFR.