36BA.DE vs. RQO.TO
36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) and RQO.TO (RBC Target 2026 Corporate Bond Index ETF) are both Corporate Bonds funds. 36BA.DE is passively managed, while RQO.TO is actively managed. Over the past 5 years, 36BA.DE returned -1.99%/yr vs 0.06%/yr for RQO.TO. At a correlation of -0.05, they often move in opposite directions.
Performance
36BA.DE vs. RQO.TO - Performance Comparison
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Different Trading Currencies
36BA.DE is traded in EUR, while RQO.TO is traded in CAD. To make them comparable, the RQO.TO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 36BA.DE achieves a -1.16% return, which is significantly lower than RQO.TO's 1.55% return.
36BA.DE
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- -1.16%
- YTD
- -1.16%
- 1Y
- 1.79%
- 3Y*
- 2.49%
- 5Y*
- -1.99%
- 10Y*
- —
RQO.TO
- 1D
- 0.22%
- 1M
- 0.58%
- 6M
- 1.65%
- YTD
- 1.55%
- 1Y
- 1.70%
- 3Y*
- 2.33%
- 5Y*
- 0.06%
- 10Y*
- —
36BA.DE vs. RQO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | -1.16% | 5.38% | -0.01% | 5.65% | -17.09% | -2.62% | 1.26% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 1.55% | -4.35% | 3.59% | 6.18% | -7.62% | 5.09% | 0.56% |
Correlation
The correlation between 36BA.DE and RQO.TO is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | -0.05 |
The correlation between 36BA.DE and RQO.TO shifts across timeframes, from -0.17 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
36BA.DE vs. RQO.TO — Risk / Return Rank
36BA.DE
RQO.TO
36BA.DE vs. RQO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) and RBC Target 2026 Corporate Bond Index ETF (RQO.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.
| 36BA.DE | RQO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 0.41 | +0.19 |
| Martin ratioReturn relative to average drawdown | 1.39 | 0.77 | +0.62 |
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Drawdowns
36BA.DE vs. RQO.TO - Drawdown Comparison
The maximum 36BA.DE drawdown since its inception was -23.57%, which is greater than RQO.TO's maximum drawdown of -12.02%. Use the drawdown chart below to compare losses from any high point for 36BA.DE and RQO.TO.
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Drawdown Indicators
| 36BA.DE | RQO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.57% | -12.02% | -11.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -4.17% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -6.31% | -7.83% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -23.08% | -12.02% | -11.06% |
Current DrawdownCurrent decline from peak | -11.33% | -5.20% | -6.13% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -5.12% | -6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 2.23% | -0.95% |
Volatility
36BA.DE vs. RQO.TO - Volatility Comparison
iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) has a higher volatility of 1.32% compared to RBC Target 2026 Corporate Bond Index ETF (RQO.TO) at 1.18%. This indicates that 36BA.DE's price experiences larger fluctuations and is considered to be riskier than RQO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BA.DE | RQO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.18% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 5.30% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.82% | 7.30% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 9.64% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 9.51% | -2.57% |
Dividends
36BA.DE vs. RQO.TO - Dividend Comparison
36BA.DE's dividend yield for the trailing twelve months is around 4.97%, more than RQO.TO's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | 4.97% | 4.74% | 4.75% | 4.14% | 2.95% | 1.76% | 0.87% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 3.03% | 2.66% | 2.56% | 1.98% | 1.86% | 1.97% | 0.52% |
Frequently Asked Questions
36BA.DE and RQO.TO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and RBC.
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