RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO)

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RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) is up 1.4% since the beginning of the year. RQP.TO is currently trading at CA$18 per share. Investors who bought CA$1,000 worth of RQP.TO shares 5 years ago would now be looking at an investment worth CA$1,091.

RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) has returned 1.35% so far this year and 3.41% over the past 12 months.

Based on dividend-adjusted daily data since Sep 18, 2020, RQP.TO's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.

Historically, 68% of months were positive and 32% were negative. The best month was Jul 2022 with a return of +2.8%, while the worst month was Feb 2021 at -3.1%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 6 months.

On a daily basis, RQP.TO closed higher 34% of trading days. The best single day was Oct 26, 2022 with a return of +1.3%, while the worst single day was Feb 26, 2021 at -2.3%.

RBC Target 2027 Canadian Corporate Bond Index ETF has an annualized alpha of 1.33%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 18, 2020.

• This ETF participated in 13.29% of S&P 500 Index downside but only 8.62% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

RQP.TO ranks 95 for risk / return — in the top 95% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

RBC Target 2027 Canadian Corporate Bond Index ETF provided a 3.70% dividend yield over the last twelve months, with an annual payout of CA$0.68 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for RBC Target 2027 Canadian Corporate Bond Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the RBC Target 2027 Canadian Corporate Bond Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the RBC Target 2027 Canadian Corporate Bond Index ETF was 13.88%, occurring on Oct 21, 2022. Recovery took 477 trading sessions.

The chart below shows the rolling one-month volatility.