SPY2.DE vs. RMAX.TO
SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) and RMAX.TO (Hamilton REITs YIELD MAXIMIZER ETF) are both REIT funds. Over the past year, SPY2.DE returned 17.87% vs 14.12% for RMAX.TO. At a 0.47 correlation, their price movements are largely independent. SPY2.DE charges 0.40%/yr vs 0.79%/yr for RMAX.TO.
Performance
SPY2.DE vs. RMAX.TO - Performance Comparison
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Different Trading Currencies
SPY2.DE is traded in EUR, while RMAX.TO is traded in CAD. To make them comparable, the RMAX.TO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPY2.DE achieves a 14.09% return, which is significantly higher than RMAX.TO's 12.06% return.
SPY2.DE
- 1D
- -0.15%
- 1M
- 2.73%
- YTD
- 14.09%
- 6M
- 15.32%
- 1Y
- 17.87%
- 3Y*
- 9.23%
- 5Y*
- 2.82%
- 10Y*
- —
RMAX.TO
- 1D
- -0.13%
- 1M
- 2.43%
- YTD
- 12.06%
- 6M
- 13.00%
- 1Y
- 14.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY2.DE vs. RMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 14.09% | -2.41% | 8.37% |
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF | 12.06% | -2.67% | 8.13% |
Correlation
The correlation between SPY2.DE and RMAX.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2024 | 0.47 |
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Return for Risk
SPY2.DE vs. RMAX.TO — Risk / Return Rank
SPY2.DE
RMAX.TO
SPY2.DE vs. RMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) and Hamilton REITs YIELD MAXIMIZER ETF (RMAX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPY2.DE | RMAX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.41 | +0.20 |
| Martin ratioReturn relative to average drawdown | 8.72 | 5.48 | +3.25 |
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Drawdowns
SPY2.DE vs. RMAX.TO - Drawdown Comparison
The maximum SPY2.DE drawdown since its inception was -45.15%, which is greater than RMAX.TO's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for SPY2.DE and RMAX.TO.
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Drawdown Indicators
| SPY2.DE | RMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.15% | -18.94% | -26.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -5.89% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.75% | — | — |
Current DrawdownCurrent decline from peak | -2.82% | -0.13% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -6.16% | -10.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.59% | -0.55% |
Volatility
SPY2.DE vs. RMAX.TO - Volatility Comparison
SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) has a higher volatility of 4.04% compared to Hamilton REITs YIELD MAXIMIZER ETF (RMAX.TO) at 3.48%. This indicates that SPY2.DE's price experiences larger fluctuations and is considered to be riskier than RMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY2.DE | RMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.48% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 10.13% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 12.88% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 15.01% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 15.01% | +5.17% |
SPY2.DE vs. RMAX.TO - Expense Ratio Comparison
SPY2.DE has a 0.40% expense ratio, which is lower than RMAX.TO's 0.79% expense ratio.
Dividends
SPY2.DE vs. RMAX.TO - Dividend Comparison
SPY2.DE has not paid dividends to shareholders, while RMAX.TO's dividend yield for the trailing twelve months is around 10.12%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
RMAX.TO Hamilton REITs YIELD MAXIMIZER ETF | 10.12% | 10.65% | 4.88% |
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPY2.DE and RMAX.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY2.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY2.DE is cheaper with a 0.40% expense ratio, compared with 0.79% for RMAX.TO.
They also come from different issuers: State Street and Hamilton ETFs. Their fees differ too: 0.40% for SPY2.DE and 0.79% for RMAX.TO.
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