ESGB.TO vs. RQO.TO
ESGB.TO (BMO ESG Corporate Bond Index ETF) and RQO.TO (RBC Target 2026 Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past 5 years, ESGB.TO returned 1.86%/yr vs 1.58%/yr for RQO.TO. At a 0.37 correlation, their price movements are largely independent.
Performance
ESGB.TO vs. RQO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGB.TO achieves a 0.98% return, which is significantly lower than RQO.TO's 1.17% return.
ESGB.TO
- 1D
- -0.04%
- 1M
- -0.65%
- 6M
- 0.33%
- YTD
- 0.98%
- 1Y
- 4.10%
- 3Y*
- 5.94%
- 5Y*
- 1.86%
- 10Y*
- —
RQO.TO
- 1D
- -0.05%
- 1M
- 0.19%
- 6M
- 1.12%
- YTD
- 1.17%
- 1Y
- 2.74%
- 3Y*
- 5.07%
- 5Y*
- 1.58%
- 10Y*
- —
ESGB.TO vs. RQO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 0.98% | 4.18% | 6.92% | 7.89% | -9.31% | -2.24% | 0.59% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 1.17% | 3.57% | 5.40% | 6.86% | -7.50% | -2.27% | 0.63% |
Correlation
The correlation between ESGB.TO and RQO.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.37 |
Over the past year, the correlation between ESGB.TO and RQO.TO has dropped to 0.15 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
ESGB.TO vs. RQO.TO — Risk / Return Rank
ESGB.TO
RQO.TO
ESGB.TO vs. RQO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO ESG Corporate Bond Index ETF (ESGB.TO) 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.
| ESGB.TO | RQO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -5.22 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.97 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 25.94 | -24.28 |
| Martin ratioReturn relative to average drawdown | 4.79 | 86.01 | -81.22 |
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Drawdowns
ESGB.TO vs. RQO.TO - Drawdown Comparison
The maximum ESGB.TO drawdown since its inception was -15.18%, which is greater than RQO.TO's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for ESGB.TO and RQO.TO.
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Drawdown Indicators
| ESGB.TO | RQO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -12.86% | -2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -0.11% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -2.54% | -0.93% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -13.96% | -11.65% | -2.31% |
Current DrawdownCurrent decline from peak | -1.64% | -0.05% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -3.73% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.03% | +0.83% |
Volatility
ESGB.TO vs. RQO.TO - Volatility Comparison
BMO ESG Corporate Bond Index ETF (ESGB.TO) has a higher volatility of 1.73% compared to RBC Target 2026 Corporate Bond Index ETF (RQO.TO) at 0.16%. This indicates that ESGB.TO'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
| ESGB.TO | RQO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 0.16% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 0.48% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 0.71% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.40% | 2.98% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 2.93% | +3.05% |
Dividends
ESGB.TO vs. RQO.TO - Dividend Comparison
ESGB.TO's dividend yield for the trailing twelve months is around 4.03%, more than RQO.TO's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 4.03% | 3.82% | 3.52% | 3.56% | 3.39% | 2.98% | 2.83% |
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
ESGB.TO and RQO.TO have a correlation of 0.15, 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: BMO and RBC.
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