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RULE vs. BMAX.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RULE vs. BMAX.TO

Last updated Jun 4, 2026

RULE (Adaptive Core ETF) and BMAX.TO (Brompton Enhanced Multi-Asset Income ETF) are both Diversified Portfolio funds. Over the past 3 years, RULE returned 20.38%/yr vs 17.29%/yr for BMAX.TO. A 0.60 correlation means they provide meaningful diversification when combined. RULE charges 1.10%/yr vs 2.62%/yr for BMAX.TO.

Performance

RULE vs. BMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adaptive Core ETF (RULE) and Brompton Enhanced Multi-Asset Income ETF (BMAX.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

RULE is traded in USD, while BMAX.TO is traded in CAD. To make them comparable, the BMAX.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RULE achieves a 45.39% return, which is significantly higher than BMAX.TO's 7.92% return.

RULE

1D
0.66%
1M
21.60%
YTD
45.39%
6M
45.86%
1Y
52.19%
3Y*
20.38%
5Y*
—
10Y*
—

BMAX.TO

1D
-0.43%
1M
2.56%
YTD
7.92%
6M
10.22%
1Y
20.62%
3Y*
17.29%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RULE vs. BMAX.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
RULE
Adaptive Core ETF		45.39%4.60%7.59%6.29%0.50%
BMAX.TO
Brompton Enhanced Multi-Asset Income ETF		7.92%23.53%9.98%14.10%7.81%

Correlation

The correlation between RULE and BMAX.TO is 0.71, 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

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2022

0.60

The correlation between RULE and BMAX.TO shifts across timeframes, from 0.60 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

RULE vs. BMAX.TO - Sectors Allocation Comparison

Sectors
RULE
BMAX.TO

Technology

54.4%
18.8%

Industrials

13.2%
13.0%

Basic Materials

9.0%
2.6%

Healthcare

6.4%
17.0%

Financial Services

5.7%
24.1%

Communication Services

5.0%
4.3%

Consumer Cyclical

3.2%
2.6%

Energy

2.4%
7.0%

Consumer Defensive

0.8%
4.9%

Utilities

0.0%
4.4%

Real Estate

0.0%
1.3%

Technology

RULE
54.4%
BMAX.TO
18.8%

Industrials

RULE
13.2%
BMAX.TO
13.0%

Basic Materials

RULE
9.0%
BMAX.TO
2.6%

Healthcare

RULE
6.4%
BMAX.TO
17.0%

Financial Services

RULE
5.7%
BMAX.TO
24.1%

Communication Services

RULE
5.0%
BMAX.TO
4.3%

Consumer Cyclical

RULE
3.2%
BMAX.TO
2.6%

Energy

RULE
2.4%
BMAX.TO
7.0%

Consumer Defensive

RULE
0.8%
BMAX.TO
4.9%

Utilities

RULE
0.0%
BMAX.TO
4.4%

Real Estate

RULE
0.0%
BMAX.TO
1.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Adaptive Core ETF

Brompton Enhanced Multi-Asset Income ETF

Often compared with RULE:
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Often compared with BMAX.TO:
BMAX.TO vs. HDIV.TOBMAX.TO vs. UTES.TOBMAX.TO vs. ZWQT.TOBMAX.TO vs. CLSA.TOBMAX.TO vs. BANK.TOBMAX.TO vs. HUTE.TOBMAX.TO vs. SPLT.TO

Return for Risk

RULE vs. BMAX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RULE
RULE Risk / Return Rank: 7979
Overall Rank
RULE Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
RULE Sortino Ratio Rank: 7777
Sortino Ratio Rank
RULE Omega Ratio Rank: 7676
Omega Ratio Rank
RULE Calmar Ratio Rank: 8080
Calmar Ratio Rank
RULE Martin Ratio Rank: 8383
Martin Ratio Rank
BMAX.TO
BMAX.TO Risk / Return Rank: 5959
Overall Rank
BMAX.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
BMAX.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
BMAX.TO Omega Ratio Rank: 6262
Omega Ratio Rank
BMAX.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
BMAX.TO Martin Ratio Rank: 5959
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.

RULE vs. BMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adaptive Core ETF (RULE) and Brompton Enhanced Multi-Asset Income ETF (BMAX.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.

RULEBMAX.TODifference
Sharpe ratioReturn per unit of total volatility
2.59
1.65

+0.94

Sortino ratioReturn per unit of downside risk
3.47
2.39

+1.08

Omega ratioGain probability vs. loss probability

1.46

1.29

+0.17

Calmar ratioReturn relative to maximum drawdown

4.15

1.89

+2.25

Martin ratioReturn relative to average drawdown

16.93

8.50

+8.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RULE vs. BMAX.TO - Sharpe Ratio Comparison

The current RULE Sharpe Ratio is 2.59, which is higher than the BMAX.TO Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of RULE and BMAX.TO, 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

RULEBMAX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.59

1.65

+0.94

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

1.11

-0.64

Drawdowns

RULE vs. BMAX.TO - Drawdown Comparison

The maximum RULE drawdown since its inception was -30.48%, which is greater than BMAX.TO's maximum drawdown of -15.63%. Use the drawdown chart below to compare losses from any high point for RULE and BMAX.TO.

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Drawdown Indicators

RULEBMAX.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.48%

-15.63%

-14.85%

Max Drawdown (1Y)

Largest decline over 1 year

-12.65%

-10.93%

-1.72%

Max Drawdown (3Y)

Largest decline over 3 years

-20.21%

-15.63%

-4.58%

Current Drawdown

Current decline from peak

0.00%

-1.61%

+1.61%

Average Drawdown

Average peak-to-trough decline

-14.98%

-2.56%

-12.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

2.43%

+0.66%

Volatility

RULE vs. BMAX.TO - Volatility Comparison

Adaptive Core ETF (RULE) has a higher volatility of 9.59% compared to Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) at 3.51%. This indicates that RULE's price experiences larger fluctuations and is considered to be riskier than BMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RULEBMAX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.59%

3.51%

+6.08%

Volatility (6M)

Calculated over the trailing 6-month period

17.54%

10.28%

+7.26%

Volatility (1Y)

Calculated over the trailing 1-year period

20.25%

12.52%

+7.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.83%

16.04%

-1.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.83%

16.04%

-1.21%

RULE vs. BMAX.TO - Expense Ratio Comparison

RULE has a 1.10% expense ratio, which is lower than BMAX.TO's 2.62% expense ratio.

Dividends

RULE vs. BMAX.TO - Dividend Comparison

RULE has not paid dividends to shareholders, while BMAX.TO's dividend yield for the trailing twelve months is around 9.59%.

PositionTTM2025202420232022
BMAX.TO
Brompton Enhanced Multi-Asset Income ETF		9.59%9.70%9.64%9.55%2.41%
RULE
Adaptive Core ETF		0.00%0.00%0.00%2.01%0.01%

Frequently Asked Questions

RULE and BMAX.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, RULE is cheaper at 1.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

RULE is cheaper with a 1.10% expense ratio, compared with 2.62% for BMAX.TO.

They also come from different issuers: Mohr Funds and Brompton Funds. Their fees differ too: 1.10% for RULE and 2.62% for BMAX.TO.

Portfolio Optimizer

Find the right allocation for RULE and BMAX.TO

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