FIG.TO vs. RQO.TO
FIG.TO (CI Investment Grade Bond ETF) and RQO.TO (RBC Target 2026 Corporate Bond Index ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, FIG.TO returned 0.78%/yr vs 1.59%/yr for RQO.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
FIG.TO vs. RQO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FIG.TO achieves a 1.62% return, which is significantly higher than RQO.TO's 1.23% return.
FIG.TO
- 1D
- 0.21%
- 1M
- 0.13%
- 6M
- 1.19%
- YTD
- 1.62%
- 1Y
- 4.34%
- 3Y*
- 5.55%
- 5Y*
- 0.78%
- 10Y*
- 2.27%
RQO.TO
- 1D
- 0.05%
- 1M
- 0.19%
- 6M
- 1.17%
- YTD
- 1.23%
- 1Y
- 2.74%
- 3Y*
- 5.05%
- 5Y*
- 1.59%
- 10Y*
- —
FIG.TO vs. RQO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FIG.TO CI Investment Grade Bond ETF | 1.62% | 5.12% | 5.10% | 6.23% | -12.53% | -1.69% | 1.04% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 1.23% | 3.57% | 5.40% | 6.86% | -7.50% | -2.27% | 0.63% |
Correlation
The correlation between FIG.TO and RQO.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.44 |
Over the past year, the correlation between FIG.TO and RQO.TO has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
FIG.TO vs. RQO.TO — Risk / Return Rank
FIG.TO
RQO.TO
FIG.TO vs. RQO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Investment Grade Bond ETF (FIG.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.
| FIG.TO | RQO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -5.33 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.97 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 25.95 | -24.02 |
| Martin ratioReturn relative to average drawdown | 4.65 | 86.01 | -81.37 |
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Drawdowns
FIG.TO vs. RQO.TO - Drawdown Comparison
The maximum FIG.TO drawdown since its inception was -16.80%, 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 FIG.TO and RQO.TO.
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Drawdown Indicators
| FIG.TO | RQO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.80% | -12.86% | -3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -0.11% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -0.93% | -2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -15.97% | -11.65% | -4.32% |
Max Drawdown (10Y)Largest decline over 10 years | -16.80% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | 0.00% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -3.72% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.03% | +0.91% |
Volatility
FIG.TO vs. RQO.TO - Volatility Comparison
CI Investment Grade Bond ETF (FIG.TO) has a higher volatility of 1.64% compared to RBC Target 2026 Corporate Bond Index ETF (RQO.TO) at 0.16%. This indicates that FIG.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
| FIG.TO | RQO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 0.16% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 0.48% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 0.70% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 2.98% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.16% | 2.93% | +3.23% |
Dividends
FIG.TO vs. RQO.TO - Dividend Comparison
FIG.TO's dividend yield for the trailing twelve months is around 4.06%, more than RQO.TO's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIG.TO CI Investment Grade Bond ETF | 4.06% | 4.04% | 4.08% | 4.12% | 4.19% | 3.52% | 3.34% | 3.41% | 3.60% | 4.34% | 4.69% | 5.05% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 3.03% | 2.66% | 2.56% | 1.98% | 1.86% | 1.97% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIG.TO and RQO.TO have a correlation of 0.21, 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.
Find the right allocation for FIG.TO and RQO.TO
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