RMAX.TO vs. USRT

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and iShares Core U.S. REIT ETF (USRT).

RMAX.TO and USRT 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. USRT is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT Equity REITs Index. It was launched on May 4, 2007.

Performance

RMAX.TO vs. USRT - Performance Comparison

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

RMAX.TO vs. USRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF	1.02%	5.39%	9.70%
USRT iShares Core U.S. REIT ETF	5.68%	-2.26%	16.13%

Different Trading Currencies

RMAX.TO is traded in CAD, while USRT is traded in USD. To make them comparable, the USRT 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 lower than USRT's 5.68% return.

RMAX.TO

• 1D: 0.76%
• 1M: -4.81%
• YTD: 1.02%
• 6M: -2.74%
• 1Y: 4.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USRT

• 1D: 1.31%
• 1M: -4.17%
• YTD: 5.68%
• 6M: 2.28%
• 1Y: 2.30%
• 3Y*: 9.75%
• 5Y*: 7.31%
• 10Y*: 6.13%

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

RMAX.TO vs. USRT - Expense Ratio Comparison

RMAX.TO has a 0.79% expense ratio, which is higher than USRT's 0.08% expense ratio.

RMAX.TO

Hamilton REITs YIELD MAXIMIZER ETF

USRT

iShares Core U.S. REIT ETF

Return for Risk

RMAX.TO vs. USRT — 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: 21
RMAX.TO Sharpe Ratio Rank: 19
RMAX.TO Sortino Ratio Rank: 19
RMAX.TO Omega Ratio Rank: 18
RMAX.TO Calmar Ratio Rank: 25
RMAX.TO Martin Ratio Rank: 24

USRT

USRT Risk / Return Rank: 25
USRT Sharpe Ratio Rank: 23
USRT Sortino Ratio Rank: 23
USRT Omega Ratio Rank: 23
USRT Calmar Ratio Rank: 26
USRT Martin Ratio Rank: 29

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. USRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and iShares Core U.S. REIT ETF (USRT). 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	USRT	Difference
Sharpe ratio Return per unit of total volatility	0.30	0.14	+0.16
Sortino ratio Return per unit of downside risk	0.50	0.29	+0.20
Omega ratio Gain probability vs. loss probability	1.07	1.04	+0.03
Calmar ratio Return relative to maximum drawdown	0.56	0.29	+0.27
Martin ratio Return relative to average drawdown	1.87	0.83	+1.03
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. USRT - Sharpe Ratio Comparison

The current RMAX.TO Sharpe Ratio is 0.30, which is higher than the USRT Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of RMAX.TO and USRT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RMAX.TO	USRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	0.14	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.60	+0.10

Correlation

The correlation between RMAX.TO and USRT is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RMAX.TO vs. USRT - Dividend Comparison

RMAX.TO's dividend yield for the trailing twelve months is around 9.98%, more than USRT's 2.89% 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%
USRT iShares Core U.S. REIT ETF	2.89%	3.07%	2.85%	3.18%	3.46%	2.27%	3.12%	3.34%	5.66%	3.44%	3.98%	3.59%

Drawdowns

RMAX.TO vs. USRT - Drawdown Comparison

The maximum RMAX.TO drawdown since its inception was -15.90%, smaller than the maximum USRT drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for RMAX.TO and USRT.

Drawdown Indicators

	RMAX.TO	USRT	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-69.91%	+54.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-12.95%	+2.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.38%	—
Current Drawdown Current decline from peak	-5.00%	-6.38%	+1.38%
Average Drawdown Average peak-to-trough decline	-3.94%	-13.08%	+9.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	3.09%	0.00%

Volatility

RMAX.TO vs. USRT - Volatility Comparison

The current volatility for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) is 3.82%, while iShares Core U.S. REIT ETF (USRT) has a volatility of 4.71%. This indicates that RMAX.TO experiences smaller price fluctuations and is considered to be less risky than USRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMAX.TO	USRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	4.71%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	7.99%	9.62%	-1.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	16.83%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	17.08%	-4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.07%	19.66%	-6.59%