FIE.TO vs. RBNK.TO
FIE.TO (iShares Canadian Financial Monthly Income ETF) and RBNK.TO (RBC Canadian Bank Yield Index ETF) are both Financials Equities funds. FIE.TO is actively managed, while RBNK.TO is passively managed. Over the past 5 years, FIE.TO returned 13.03%/yr vs 20.02%/yr for RBNK.TO. Their correlation of 0.86 suggests significant overlap in exposure. FIE.TO charges 0.74%/yr vs 0.32%/yr for RBNK.TO.
Performance
FIE.TO vs. RBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FIE.TO achieves a 14.56% return, which is significantly lower than RBNK.TO's 31.29% return.
FIE.TO
- 1D
- 0.09%
- 1M
- 4.86%
- YTD
- 14.56%
- 6M
- 11.23%
- 1Y
- 32.60%
- 3Y*
- 26.44%
- 5Y*
- 13.03%
- 10Y*
- 12.31%
RBNK.TO
- 1D
- 0.38%
- 1M
- 8.83%
- YTD
- 31.29%
- 6M
- 31.29%
- 1Y
- 74.88%
- 3Y*
- 38.38%
- 5Y*
- 20.02%
- 10Y*
- —
FIE.TO vs. RBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 14.56% | 24.36% | 27.62% | 12.58% | -14.35% | 27.34% | 1.33% | 18.97% | -9.12% | 3.35% |
RBNK.TO RBC Canadian Bank Yield Index ETF | 31.29% | 44.94% | 23.12% | 11.05% | -13.12% | 40.33% | 3.38% | 16.86% | -9.12% | 3.92% |
Correlation
The correlation between FIE.TO and RBNK.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.86 |
The correlation between FIE.TO and RBNK.TO has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
FIE.TO vs. RBNK.TO — Risk / Return Rank
FIE.TO
RBNK.TO
FIE.TO vs. RBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Financial Monthly Income ETF (FIE.TO) and RBC Canadian Bank Yield Index ETF (RBNK.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.
| FIE.TO | RBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 2.01 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 8.29 | -3.73 |
| Martin ratioReturn relative to average drawdown | 14.80 | 35.72 | -20.92 |
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Drawdowns
FIE.TO vs. RBNK.TO - Drawdown Comparison
The maximum FIE.TO drawdown since its inception was -42.24%, which is greater than RBNK.TO's maximum drawdown of -39.23%. Use the drawdown chart below to compare losses from any high point for FIE.TO and RBNK.TO.
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Drawdown Indicators
| FIE.TO | RBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.24% | -39.23% | -3.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -9.08% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -10.70% | -14.86% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -28.60% | +5.67% |
Max Drawdown (10Y)Largest decline over 10 years | -42.24% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -7.50% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.10% | +0.11% |
Volatility
FIE.TO vs. RBNK.TO - Volatility Comparison
The current volatility for iShares Canadian Financial Monthly Income ETF (FIE.TO) is 2.54%, while RBC Canadian Bank Yield Index ETF (RBNK.TO) has a volatility of 3.98%. This indicates that FIE.TO experiences smaller price fluctuations and is considered to be less risky than RBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIE.TO | RBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 3.98% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 11.57% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.02% | 13.53% | -4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.55% | 13.92% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.06% | 18.22% | -4.16% |
FIE.TO vs. RBNK.TO - Expense Ratio Comparison
FIE.TO has a 0.74% expense ratio, which is higher than RBNK.TO's 0.32% expense ratio.
Dividends
FIE.TO vs. RBNK.TO - Dividend Comparison
FIE.TO's dividend yield for the trailing twelve months is around 4.34%, more than RBNK.TO's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.34% | 4.94% | 5.83% | 6.98% | 7.31% | 5.92% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
RBNK.TO RBC Canadian Bank Yield Index ETF | 2.74% | 3.39% | 4.50% | 4.81% | 4.52% | 3.09% | 4.21% | 3.89% | 4.09% | 0.56% | 0.00% | 0.00% |
Frequently Asked Questions
FIE.TO and RBNK.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RBNK.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RBNK.TO is cheaper with a 0.32% expense ratio, compared with 0.74% for FIE.TO.
They also come from different issuers: iShares and RBC. Their fees differ too: 0.74% for FIE.TO and 0.32% for RBNK.TO.
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