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

RMAX.TO vs. ZRE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and BMO Equal Weight REITs Index ETF (ZRE.TO).

RMAX.TO and ZRE.TO 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. ZRE.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Canada REIT Index. It was launched on May 19, 2010.

Performance

RMAX.TO vs. ZRE.TO - Performance Comparison

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

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RMAX.TO vs. ZRE.TO - Yearly Performance Comparison

2026 (YTD)20252024
RMAX.TO
Hamilton REITs YIELD MAXIMIZER ETF		1.02%5.39%9.70%
ZRE.TO
BMO Equal Weight REITs Index ETF		1.87%12.75%9.47%

Returns By Period

In the year-to-date period, RMAX.TO achieves a 1.02% return, which is significantly lower than ZRE.TO's 1.87% return.

RMAX.TO

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

ZRE.TO

1D
1.37%
1M
-5.03%
YTD
1.87%
6M
0.80%
1Y
10.27%
3Y*
5.37%
5Y*
3.78%
10Y*
6.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Hamilton REITs YIELD MAXIMIZER ETF

BMO Equal Weight REITs Index ETF

Often compared with RMAX.TO:
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Often compared with ZRE.TO:
ZRE.TO vs. XRE.TOZRE.TO vs. VREZRE.TO vs. VNQZRE.TO vs. VDY.TOZRE.TO vs. VRE.TOZRE.TO vs. XEQT.TOZRE.TO vs. VOO

RMAX.TO vs. ZRE.TO - Expense Ratio Comparison

RMAX.TO has a 0.79% expense ratio, which is higher than ZRE.TO's 0.61% expense ratio.

RMAX.TO
Hamilton REITs YIELD MAXIMIZER ETF
ZRE.TO
BMO Equal Weight REITs Index ETF

Return for Risk

RMAX.TO vs. ZRE.TO — 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: 2121
Overall Rank
RMAX.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
RMAX.TO Sortino Ratio Rank: 1919
Sortino Ratio Rank
RMAX.TO Omega Ratio Rank: 1818
Omega Ratio Rank
RMAX.TO Calmar Ratio Rank: 2525
Calmar Ratio Rank
RMAX.TO Martin Ratio Rank: 2424
Martin Ratio Rank
ZRE.TO
ZRE.TO Risk / Return Rank: 4343
Overall Rank
ZRE.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
ZRE.TO Sortino Ratio Rank: 4343
Sortino Ratio Rank
ZRE.TO Omega Ratio Rank: 3838
Omega Ratio Rank
ZRE.TO Calmar Ratio Rank: 5151
Calmar Ratio Rank
ZRE.TO Martin Ratio Rank: 4242
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. ZRE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and BMO Equal Weight REITs Index ETF (ZRE.TO). 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.TOZRE.TODifference

Sharpe ratio

Return per unit of total volatility

0.30

0.76

-0.46

Sortino ratio

Return per unit of downside risk

0.50

1.14

-0.64

Omega ratio

Gain probability vs. loss probability

1.07

1.15

-0.08

Calmar ratio

Return relative to maximum drawdown

0.56

1.20

-0.64

Martin ratio

Return relative to average drawdown

1.87

3.70

-1.83

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. ZRE.TO - Sharpe Ratio Comparison

The current RMAX.TO Sharpe Ratio is 0.30, which is lower than the ZRE.TO Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of RMAX.TO and ZRE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

RMAX.TOZRE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.30

0.76

-0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.24

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.38

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.51

+0.20

Correlation

The correlation between RMAX.TO and ZRE.TO is 0.83, 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. ZRE.TO - Dividend Comparison

RMAX.TO's dividend yield for the trailing twelve months is around 9.98%, more than ZRE.TO's 4.81% yield.

TTM20252024202320222021202020192018201720162015
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%
ZRE.TO
BMO Equal Weight REITs Index ETF		4.81%4.90%5.26%5.14%4.97%3.87%5.01%4.17%4.95%5.05%5.46%6.00%

Drawdowns

RMAX.TO vs. ZRE.TO - Drawdown Comparison

The maximum RMAX.TO drawdown since its inception was -15.90%, smaller than the maximum ZRE.TO drawdown of -46.29%. Use the drawdown chart below to compare losses from any high point for RMAX.TO and ZRE.TO.

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Drawdown Indicators

RMAX.TOZRE.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.90%

-46.29%

+30.39%

Max Drawdown (1Y)

Largest decline over 1 year

-10.07%

-9.08%

-0.99%

Max Drawdown (5Y)

Largest decline over 5 years

—

-32.44%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-46.29%

—

Current Drawdown

Current decline from peak

-5.00%

-5.62%

+0.62%

Average Drawdown

Average peak-to-trough decline

-3.94%

-7.75%

+3.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

2.95%

+0.14%

Volatility

RMAX.TO vs. ZRE.TO - Volatility Comparison

Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) and BMO Equal Weight REITs Index ETF (ZRE.TO) have volatilities of 3.82% and 3.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RMAX.TOZRE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.82%

3.94%

-0.12%

Volatility (6M)

Calculated over the trailing 6-month period

7.99%

8.67%

-0.68%

Volatility (1Y)

Calculated over the trailing 1-year period

13.97%

13.63%

+0.34%

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%

17.66%

-4.59%