RCDB.NEO Alternatives & Similar ETFs

RBC Canadian Discount Bond ETF (RCDB.NEO) belongs to the Short-Term Bond category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RCDB.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to RCDB.NEO

RCDB.NEO charges 0.17% annually. There are 3 ETFs in the Short-Term Bond category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
ZSDB.TO	BMO Short-Term Discount Bond ETF	0.09%	—	Jan 2022	RCDB.NEO vs ZSDB.TO
VSC.TO	Vanguard Canadian Short-Term Corporate Bond Index ...	0.11%	1.50B	Nov 2012	RCDB.NEO vs VSC.TO
TSTX-U.TO	Global X 1-3 Year U.S. Treasury Bond Index ETF	0.15%	—	Oct 2025	RCDB.NEO vs TSTX-U.TO
TCSB.TO	TD Select Short Term Corporate Bond Ladder ETF	0.28%	790.22M	Nov 2018	RCDB.NEO vs TCSB.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	235.30M	Sep 2024	RCDB.NEO vs HBIL.TO

Best Risk-Adjusted Alternatives to RCDB.NEO

RCDB.NEO has a PortfoliosLab risk / return rank of 37. There are 4 ETFs in the Short-Term Bond category with higher risk-adjusted ranks, going as high as 58.

Symbol	Name	Risk / Return Rank	AUM	Inception
TCSB.TO	TD Select Short Term Corporate Bond Ladder ETF	58	790.22M	Nov 2018	RCDB.NEO vs TCSB.TO
VSC.TO	Vanguard Canadian Short-Term Corporate Bond Index ...	56	1.50B	Nov 2012	RCDB.NEO vs VSC.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	51	235.30M	Sep 2024	RCDB.NEO vs HBIL.TO
ZSDB.TO	BMO Short-Term Discount Bond ETF	44	—	Jan 2022	RCDB.NEO vs ZSDB.TO

Top Performing RCDB.NEO Alternatives (YTD)

RCDB.NEO is at 1.10% YTD. There are 2 ETFs in the Short-Term Bond category with higher YTD returns, going as high as 1.32%.

Symbol	Name	YTD Return	AUM	Inception
TCSB.TO	TD Select Short Term Corporate Bond Ladder ETF	1.32%	790.22M	Nov 2018	RCDB.NEO vs TCSB.TO
VSC.TO	Vanguard Canadian Short-Term Corporate Bond Index ...	1.19%	1.50B	Nov 2012	RCDB.NEO vs VSC.TO
ZSDB.TO	BMO Short-Term Discount Bond ETF	0.80%	—	Jan 2022	RCDB.NEO vs ZSDB.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.66%	235.30M	Sep 2024	RCDB.NEO vs HBIL.TO
TSTX-U.TO	Global X 1-3 Year U.S. Treasury Bond Index ETF	0.23%	—	Oct 2025	RCDB.NEO vs TSTX-U.TO

Lowest Volatility Alternatives to RCDB.NEO

RCDB.NEO has 2.34% 1-year volatility. There are 5 ETFs in the Short-Term Bond category with lower 1-year volatility, going as low as 1.66%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.66%	235.30M	Sep 2024	RCDB.NEO vs HBIL.TO
TSTX-U.TO	Global X 1-3 Year U.S. Treasury Bond Index ETF	1.68%	—	Oct 2025	RCDB.NEO vs TSTX-U.TO
ZSDB.TO	BMO Short-Term Discount Bond ETF	1.89%	—	Jan 2022	RCDB.NEO vs ZSDB.TO
VSC.TO	Vanguard Canadian Short-Term Corporate Bond Index ...	1.97%	1.50B	Nov 2012	RCDB.NEO vs VSC.TO
TCSB.TO	TD Select Short Term Corporate Bond Ladder ETF	2.18%	790.22M	Nov 2018	RCDB.NEO vs TCSB.TO

Lowest Drawdown Alternatives to RCDB.NEO

RCDB.NEO has a 1-year max drawdown of -1.59%. There are 3 ETFs in the Short-Term Bond category with shallower 1-year drawdowns, going as shallow as -0.95%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-0.95%	235.30M	Sep 2024	RCDB.NEO vs HBIL.TO
ZSDB.TO	BMO Short-Term Discount Bond ETF	-1.44%	—	Jan 2022	RCDB.NEO vs ZSDB.TO
VSC.TO	Vanguard Canadian Short-Term Corporate Bond Index ...	-1.53%	1.50B	Nov 2012	RCDB.NEO vs VSC.TO
TCSB.TO	TD Select Short Term Corporate Bond Ladder ETF	-1.64%	790.22M	Nov 2018	RCDB.NEO vs TCSB.TO

Other ETFs from RBC

The 5 most viewed RBC ETFs shown here include RBNK.TO, RUD.TO, RPF.TO and span 6 categories. AUM among these funds goes as high as $943M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
RBNK.TO	RBC Canadian Bank Yield Index ETF	Financials Equities	96	21.81%	454.41M	Oct 2017	RCDB.NEO vs RBNK.TO
RUD.TO	RBC Quant U.S. Dividend Leaders ETF (CAD)	Large Cap Blend Equities, Dividend	63	9.79%	942.74M	Jan 2014	RCDB.NEO vs RUD.TO
RPF.TO	RBC Canadian Preferred Share ETF	Preferred Stock/Convertible Bonds	97	6.48%	664.82M	Sep 2016	RCDB.NEO vs RPF.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	Foreign Large Cap Equities	84	12.44%	145.76M	Oct 2014	RCDB.NEO vs RIDH.TO
RCDC.TO	RBC Canadian Dividend Covered Call ETF	Derivative Income	94	13.36%	—	Jan 2023	RCDB.NEO vs RCDC.TO

Often Compared With RCDB.NEO

Investors most often compare RCDB.NEO with RCD.TO. These 1 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
RCD.TO	RBC Quant Canadian Dividend Leaders ETF	Dividend	56	13.36%	395.41M	—	RCDB.NEO vs RCD.TO

Compare RCDB.NEO with Any Fund or Stock

Compare RCDB.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair RCDB.NEO with funds that move differently

RBC Canadian Discount Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RCDB.NEO.

Explore RCDB.NEO Diversifiers

RBC Canadian Discount Bond ETF (RCDB.NEO) Alternatives