EHE.TO vs. RPD.TO
EHE.TO (CI Europe Hedged Equity Index ETF) and RPD.TO (RBC Quant European Dividend Leaders ETF) are both Europe Equities funds. EHE.TO is passively managed, while RPD.TO is actively managed. Over the past 10 years, EHE.TO returned 9.43%/yr vs 10.09%/yr for RPD.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
EHE.TO vs. RPD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EHE.TO achieves a 7.01% return, which is significantly lower than RPD.TO's 15.72% return. Over the past 10 years, EHE.TO has underperformed RPD.TO with an annualized return of 9.43%, while RPD.TO has yielded a comparatively higher 10.09% annualized return.
EHE.TO
- 1D
- 0.43%
- 1M
- -0.71%
- 6M
- 3.00%
- YTD
- 7.01%
- 1Y
- 16.75%
- 3Y*
- 12.56%
- 5Y*
- 9.69%
- 10Y*
- 9.43%
RPD.TO
- 1D
- -0.67%
- 1M
- -1.11%
- 6M
- 10.40%
- YTD
- 15.72%
- 1Y
- 32.57%
- 3Y*
- 23.91%
- 5Y*
- 14.80%
- 10Y*
- 10.09%
EHE.TO vs. RPD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EHE.TO CI Europe Hedged Equity Index ETF | 7.01% | 22.91% | 4.19% | 22.26% | -10.45% | 23.79% | -5.96% | 24.49% | -10.68% | 15.40% |
RPD.TO RBC Quant European Dividend Leaders ETF | 15.72% | 39.81% | 9.01% | 20.93% | -10.71% | 17.45% | -1.87% | 10.32% | -9.50% | 11.02% |
Correlation
The correlation between EHE.TO and RPD.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2016 | 0.34 |
Over the past year, the correlation between EHE.TO and RPD.TO has dropped to 0.03 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
EHE.TO vs. RPD.TO — Risk / Return Rank
EHE.TO
RPD.TO
EHE.TO vs. RPD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Europe Hedged Equity Index ETF (EHE.TO) and RBC Quant European Dividend Leaders ETF (RPD.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.
| EHE.TO | RPD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.43 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.45 | -2.02 |
| Martin ratioReturn relative to average drawdown | 5.41 | 13.15 | -7.74 |
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Drawdowns
EHE.TO vs. RPD.TO - Drawdown Comparison
The maximum EHE.TO drawdown since its inception was -38.20%, which is greater than RPD.TO's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for EHE.TO and RPD.TO.
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Drawdown Indicators
| EHE.TO | RPD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.20% | -34.70% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -9.48% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.30% | -13.77% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -26.48% | +3.57% |
Max Drawdown (10Y)Largest decline over 10 years | -38.20% | -34.70% | -3.50% |
Current DrawdownCurrent decline from peak | -2.13% | -2.91% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -6.09% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.48% | +0.66% |
Volatility
EHE.TO vs. RPD.TO - Volatility Comparison
CI Europe Hedged Equity Index ETF (EHE.TO) and RBC Quant European Dividend Leaders ETF (RPD.TO) have volatilities of 3.23% and 3.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EHE.TO | RPD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.23% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 11.79% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.11% | 14.00% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 14.77% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 15.54% | +1.88% |
Dividends
EHE.TO vs. RPD.TO - Dividend Comparison
EHE.TO's dividend yield for the trailing twelve months is around 2.17%, less than RPD.TO's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHE.TO CI Europe Hedged Equity Index ETF | 2.17% | 2.16% | 4.38% | 3.30% | 2.19% | 1.90% | 2.55% | 2.02% | 2.08% | 1.37% | 0.13% | 0.00% |
RPD.TO RBC Quant European Dividend Leaders ETF | 2.86% | 2.97% | 3.46% | 3.47% | 3.63% | 2.37% | 3.14% | 5.53% | 5.54% | 3.01% | 3.63% | 3.10% |
Frequently Asked Questions
EHE.TO and RPD.TO have a correlation of 0.03, 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: CI and RBC.
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