DIR-UN.TO vs. RUD.TO

Last updated Jul 22, 2026

DIR-UN.TO (Dream Industrial Real Estate Investment Trust) is a stock, while RUD.TO (RBC Quant U.S. Dividend Leaders ETF (CAD)) is Large Cap Blend Equities fund actively managed by RBC. Over the past 10 years, DIR-UN.TO returned 11.65%/yr vs 16.71%/yr for RUD.TO. At a 0.27 correlation, their price movements are largely independent.

Performance

DIR-UN.TO vs. RUD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dream Industrial Real Estate Investment Trust (DIR-UN.TO) and RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIR-UN.TO achieves a 20.77% return, which is significantly higher than RUD.TO's 13.46% return. Over the past 10 years, DIR-UN.TO has underperformed RUD.TO with an annualized return of 11.65%, while RUD.TO has yielded a comparatively higher 16.71% annualized return.

DIR-UN.TO

• 1D: 0.48%
• 1M: 6.23%
• 6M: 16.78%
• YTD: 20.77%
• 1Y: 33.29%
• 3Y*: 7.04%
• 5Y*: 3.86%
• 10Y*: 11.65%
• ALL TIME*: 9.18%

RUD.TO

• 1D: 1.10%
• 1M: 1.65%
• 6M: 13.62%
• YTD: 13.46%
• 1Y: 22.16%
• 3Y*: 18.25%
• 5Y*: 15.96%
• 10Y*: 16.71%
• ALL TIME*: 17.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DIR-UN.TO vs. RUD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIR-UN.TO Dream Industrial Real Estate Investment Trust	20.77%	13.03%	-10.72%	25.73%	-28.37%	37.23%	6.44%	46.18%	16.11%	11.72%
RUD.TO RBC Quant U.S. Dividend Leaders ETF (CAD)	13.46%	7.35%	25.76%	23.90%	-15.14%	54.34%	13.61%	25.93%	6.03%	14.39%

Correlation

The correlation between DIR-UN.TO and RUD.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 15, 2014	0.27

Return for Risk

DIR-UN.TO vs. RUD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIR-UN.TO

DIR-UN.TO Risk / Return Rank: 89
DIR-UN.TO Sharpe Ratio Rank: 90
DIR-UN.TO Sortino Ratio Rank: 87
DIR-UN.TO Omega Ratio Rank: 85
DIR-UN.TO Calmar Ratio Rank: 91
DIR-UN.TO Martin Ratio Rank: 93

RUD.TO

RUD.TO Risk / Return Rank: 77
RUD.TO Sharpe Ratio Rank: 74
RUD.TO Sortino Ratio Rank: 71
RUD.TO Omega Ratio Rank: 75
RUD.TO Calmar Ratio Rank: 83
RUD.TO Martin Ratio Rank: 82

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.

DIR-UN.TO vs. RUD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dream Industrial Real Estate Investment Trust (DIR-UN.TO) and RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.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.

	DIR-UN.TO	RUD.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.79	+0.01
Sortino ratio: Return per unit of downside risk	2.53	2.46	+0.08
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	3.80	3.35	+0.45
Martin ratio: Return relative to average drawdown	12.00	11.90	+0.10

DIR-UN.TO vs. RUD.TO - Sharpe Ratio Comparison

The current DIR-UN.TO Sharpe Ratio is 1.80, which is comparable to the RUD.TO Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of DIR-UN.TO and RUD.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.

Drawdowns

DIR-UN.TO vs. RUD.TO - Drawdown Comparison

The maximum DIR-UN.TO drawdown since its inception was -51.02%, which is greater than RUD.TO's maximum drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for DIR-UN.TO and RUD.TO.

Drawdown Indicators

	DIR-UN.TO	RUD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-51.02%	-35.99%	-15.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-6.65%	-2.15%
Max Drawdown (3Y) Largest decline over 3 years	-31.35%	-28.31%	-3.04%
Max Drawdown (5Y) Largest decline over 5 years	-37.74%	-28.31%	-9.43%
Max Drawdown (10Y) Largest decline over 10 years	-51.02%	-35.99%	-15.03%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.76%	-10.03%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	1.87%	+0.91%

Volatility

DIR-UN.TO vs. RUD.TO - Volatility Comparison

Dream Industrial Real Estate Investment Trust (DIR-UN.TO) has a higher volatility of 5.62% compared to RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) at 2.76%. This indicates that DIR-UN.TO's price experiences larger fluctuations and is considered to be riskier than RUD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIR-UN.TO	RUD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	2.76%	+2.86%
Volatility (6M) Calculated over the trailing 6-month period	14.09%	8.94%	+5.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.60%	12.44%	+6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.30%	34.44%	-13.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.86%	44.71%	-21.85%

Dividends

DIR-UN.TO vs. RUD.TO - Dividend Comparison

DIR-UN.TO's dividend yield for the trailing twelve months is around 4.73%, more than RUD.TO's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIR-UN.TO Dream Industrial Real Estate Investment Trust	4.73%	5.56%	5.93%	5.01%	5.96%	4.06%	5.32%	5.33%	7.35%	7.95%	8.21%	9.75%
RUD.TO RBC Quant U.S. Dividend Leaders ETF (CAD)	1.35%	1.38%	3.43%	5.24%	5.51%	3.38%	5.73%	6.77%	7.06%	6.23%	6.07%	7.42%

Frequently Asked Questions

Can I hold both DIR-UN.TO and RUD.TO in my portfolio?

DIR-UN.TO and RUD.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.