RMAX.TO vs. UKRE.L
Compare and contrast key facts about Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L).
RMAX.TO and UKRE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RMAX.TO is managed by Hamilton ETFs. UKRE.L is a passively managed fund by iShares that tracks the performance of the MSCI UK IMI Liquid Real Estate Index. It was launched on Mar 16, 2015.
Performance
RMAX.TO vs. UKRE.L - Performance Comparison
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RMAX.TO vs. UKRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF | 1.02% | 5.39% | 9.70% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | -5.28% | 8.99% | -2.16% |
Different Trading Currencies
RMAX.TO is traded in CAD, while UKRE.L is traded in GBp. To make them comparable, the UKRE.L 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 1.02% return, which is significantly higher than UKRE.L's -5.28% return.
RMAX.TO
- 1D
- 0.76%
- 1M
- -4.81%
- YTD
- 1.02%
- 6M
- -2.74%
- 1Y
- 4.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UKRE.L
- 1D
- -0.48%
- 1M
- -10.56%
- YTD
- -5.28%
- 6M
- -3.31%
- 1Y
- -1.19%
- 3Y*
- 3.66%
- 5Y*
- -0.81%
- 10Y*
- 0.06%
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RMAX.TO vs. UKRE.L - Expense Ratio Comparison
RMAX.TO has a 0.79% expense ratio, which is higher than UKRE.L's 0.40% expense ratio.
Return for Risk
RMAX.TO vs. UKRE.L — Risk / Return Rank
RMAX.TO
UKRE.L
RMAX.TO vs. UKRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L). 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 | UKRE.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | -0.08 | +0.37 |
Sortino ratioReturn per unit of downside risk | 0.50 | -0.00 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.00 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | -0.08 | +0.64 |
Martin ratioReturn relative to average drawdown | 1.87 | -0.21 | +2.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RMAX.TO | UKRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | -0.08 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | -0.04 | +0.75 |
Correlation
The correlation between RMAX.TO and UKRE.L is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RMAX.TO vs. UKRE.L - Dividend Comparison
RMAX.TO's dividend yield for the trailing twelve months is around 9.98%, more than UKRE.L's 7.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF | 9.98% | 10.65% | 4.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 7.39% | 7.07% | 7.68% | 5.22% | 1.90% | 0.86% | 1.45% | 2.09% | 2.60% | 2.32% | 1.76% | 0.86% |
Drawdowns
RMAX.TO vs. UKRE.L - Drawdown Comparison
The maximum RMAX.TO drawdown since its inception was -15.90%, smaller than the maximum UKRE.L drawdown of -40.02%. Use the drawdown chart below to compare losses from any high point for RMAX.TO and UKRE.L.
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Drawdown Indicators
| RMAX.TO | UKRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.90% | -31.82% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.07% | -11.51% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.82% | — |
Current DrawdownCurrent decline from peak | -5.00% | -24.18% | +19.18% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -12.00% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.80% | -0.71% |
Volatility
RMAX.TO vs. UKRE.L - Volatility Comparison
The current volatility for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) is 3.82%, while iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L) has a volatility of 4.66%. This indicates that RMAX.TO experiences smaller price fluctuations and is considered to be less risky than UKRE.L 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 | UKRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 4.66% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 9.67% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 15.19% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 15.56% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.07% | 16.31% | -3.24% |