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

RMAX.TO vs. USRT

Last updated Jun 4, 2026

RMAX.TO (Hamilton REITs YIELD MAXIMIZER ETF) and USRT (iShares Core U.S. REIT ETF) are both REIT funds. Over the past year, RMAX.TO returned 9.43% vs 17.02% for USRT. A 0.78 correlation means they provide meaningful diversification when combined. RMAX.TO charges 0.79%/yr vs 0.08%/yr for USRT.

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.

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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 7.20% return, which is significantly lower than USRT's 14.02% return.

RMAX.TO

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

USRT

1D
0.49%
1M
1.31%
YTD
14.02%
6M
11.30%
1Y
17.02%
3Y*
12.83%
5Y*
7.73%
10Y*
6.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RMAX.TO vs. USRT - Yearly Performance Comparison

2026 (YTD)20252024
RMAX.TO
Hamilton REITs YIELD MAXIMIZER ETF		7.20%5.39%9.70%
USRT
iShares Core U.S. REIT ETF		14.02%-2.26%16.13%

Correlation

The correlation between RMAX.TO and USRT is 0.75, 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

0.75

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

0.78

The correlation between RMAX.TO and USRT has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

RMAX.TO vs. USRT - Sectors Allocation Comparison

Sectors
RMAX.TO
USRT

Real Estate

100.0%
99.4%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

0.1%

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

RMAX.TO
100.0%
USRT
99.4%

Basic Materials

RMAX.TO

-

USRT

-

Communication Services

RMAX.TO

-

USRT

-

Consumer Cyclical

RMAX.TO

-

USRT

-

Consumer Defensive

RMAX.TO

-

USRT

-

Energy

RMAX.TO

-

USRT

-

Financial Services

RMAX.TO

-

USRT
0.1%

Healthcare

RMAX.TO

-

USRT

-

Industrials

RMAX.TO

-

USRT

-

Technology

RMAX.TO

-

USRT

-

Utilities

RMAX.TO

-

USRT

-

Compare stocks, funds, or ETFs

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Hamilton REITs YIELD MAXIMIZER ETF

iShares Core U.S. 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 USRT:
USRT vs. VNQUSRT vs. XLREUSRT vs. REETUSRT vs. ICFUSRT vs. BBREUSRT vs. SCHDUSRT vs. VOO

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: 2626
Overall Rank
RMAX.TO Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
RMAX.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
RMAX.TO Omega Ratio Rank: 2424
Omega Ratio Rank
RMAX.TO Calmar Ratio Rank: 3030
Calmar Ratio Rank
RMAX.TO Martin Ratio Rank: 2626
Martin Ratio Rank
USRT
USRT Risk / Return Rank: 3333
Overall Rank
USRT Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
USRT Sortino Ratio Rank: 2929
Sortino Ratio Rank
USRT Omega Ratio Rank: 2929
Omega Ratio Rank
USRT Calmar Ratio Rank: 3838
Calmar Ratio Rank
USRT Martin Ratio Rank: 3838
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. 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.TOUSRTDifference
Sharpe ratioReturn per unit of total volatility
0.87
1.26

-0.39

Sortino ratioReturn per unit of downside risk
1.26
1.75

-0.49

Omega ratioGain probability vs. loss probability

1.15

1.22

-0.07

Calmar ratioReturn relative to maximum drawdown

1.47

2.35

-0.88

Martin ratioReturn relative to average drawdown

3.53

6.40

-2.87

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 0.87, which is lower than the USRT Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of RMAX.TO and USRT, 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.TOUSRTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.87

1.26

-0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.46

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.36

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.90

0.67

+0.23

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.

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Drawdown Indicators

RMAX.TOUSRTDifference

Max Drawdown

Largest peak-to-trough decline

-15.90%

-39.02%

+23.12%

Max Drawdown (1Y)

Largest decline over 1 year

-6.43%

-7.14%

+0.71%

Max Drawdown (3Y)

Largest decline over 3 years

—

-17.36%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.20%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.02%

—

Current Drawdown

Current decline from peak

-2.28%

-2.42%

+0.14%

Average Drawdown

Average peak-to-trough decline

-3.71%

-6.89%

+3.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

2.62%

+0.06%

Volatility

RMAX.TO vs. USRT - Volatility Comparison

The current volatility for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) is 3.36%, while iShares Core U.S. REIT ETF (USRT) has a volatility of 4.01%. 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.

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Volatility by Period

RMAX.TOUSRTDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.36%

4.01%

-0.65%

Volatility (6M)

Calculated over the trailing 6-month period

8.23%

9.66%

-1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

10.86%

13.36%

-2.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.98%

17.03%

-4.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.98%

19.64%

-6.66%

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.

Dividends

RMAX.TO vs. USRT - Dividend Comparison

RMAX.TO's dividend yield for the trailing twelve months is around 10.64%, more than USRT's 2.67% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
USRT
iShares Core U.S. REIT ETF		2.67%3.07%2.85%3.18%3.46%2.27%3.12%3.34%5.66%3.44%3.98%3.59%

Frequently Asked Questions

RMAX.TO and USRT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, USRT is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

USRT is cheaper with a 0.08% expense ratio, compared with 0.79% for RMAX.TO.

They also come from different issuers: Hamilton ETFs and iShares. Their fees differ too: 0.79% for RMAX.TO and 0.08% for USRT.

Portfolio Optimizer

Find the right allocation for RMAX.TO and USRT

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