FCSB.NEO vs. RBO.TO
FCSB.NEO (Fidelity Canadian Short Term Corporate Bond ETF) and RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) are both Corporate Bonds funds. FCSB.NEO is passively managed, while RBO.TO is actively managed. Over the past 5 years, FCSB.NEO returned 2.92%/yr vs 2.32%/yr for RBO.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
FCSB.NEO vs. RBO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCSB.NEO achieves a 1.49% return, which is significantly higher than RBO.TO's 1.41% return.
FCSB.NEO
- 1D
- -0.04%
- 1M
- -0.04%
- 6M
- 0.94%
- YTD
- 1.49%
- 1Y
- 3.74%
- 3Y*
- 5.98%
- 5Y*
- 2.92%
- 10Y*
- —
RBO.TO
- 1D
- 0.16%
- 1M
- -0.08%
- 6M
- 0.93%
- YTD
- 1.41%
- 1Y
- 3.34%
- 3Y*
- 5.41%
- 5Y*
- 2.32%
- 10Y*
- 2.40%
FCSB.NEO vs. RBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 1.49% | 4.15% | 7.55% | 6.81% | -4.22% | -0.81% | 6.26% | 0.82% |
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 1.41% | 4.23% | 6.06% | 6.16% | -5.32% | -1.20% | 6.09% | 0.69% |
Correlation
The correlation between FCSB.NEO and RBO.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2019 | 0.30 |
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Return for Risk
FCSB.NEO vs. RBO.TO — Risk / Return Rank
FCSB.NEO
RBO.TO
FCSB.NEO vs. RBO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) and RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.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.
| FCSB.NEO | RBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.92 | +0.45 |
| Martin ratioReturn relative to average drawdown | 8.66 | 6.93 | +1.73 |
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Drawdowns
FCSB.NEO vs. RBO.TO - Drawdown Comparison
The maximum FCSB.NEO drawdown since its inception was -12.48%, smaller than the maximum RBO.TO drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for FCSB.NEO and RBO.TO.
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Drawdown Indicators
| FCSB.NEO | RBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.48% | -20.46% | +7.98% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -1.75% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -1.58% | -1.75% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -7.44% | -7.89% | +0.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.46% | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.16% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -1.34% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.48% | -0.05% |
Volatility
FCSB.NEO vs. RBO.TO - Volatility Comparison
Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) has a higher volatility of 0.93% compared to RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) at 0.41%. This indicates that FCSB.NEO's price experiences larger fluctuations and is considered to be riskier than RBO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSB.NEO | RBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.41% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 1.81% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 2.18% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 2.95% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 7.74% | -2.81% |
Dividends
FCSB.NEO vs. RBO.TO - Dividend Comparison
FCSB.NEO's dividend yield for the trailing twelve months is around 3.81%, less than RBO.TO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 3.81% | 3.73% | 3.59% | 3.06% | 2.09% | 1.58% | 2.34% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 3.90% | 3.67% | 3.35% | 2.56% | 2.64% | 2.32% | 2.41% | 2.77% | 2.96% | 3.02% | 3.26% | 3.54% |
Frequently Asked Questions
FCSB.NEO and RBO.TO have a correlation of 0.36, 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: Fidelity and RBC.
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