FLCI.TO vs. RQP.TO
FLCI.TO (Franklin Canadian Corporate Bond Fund ETF) and RQP.TO (RBC Target 2027 Canadian Corporate Bond Index ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, FLCI.TO returned 2.15%/yr vs 1.75%/yr for RQP.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
FLCI.TO vs. RQP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLCI.TO achieves a 1.22% return, which is significantly lower than RQP.TO's 1.35% return.
FLCI.TO
- 1D
- -0.39%
- 1M
- -0.60%
- 6M
- 0.62%
- YTD
- 1.22%
- 1Y
- 5.04%
- 3Y*
- 6.62%
- 5Y*
- 2.15%
- 10Y*
- —
RQP.TO
- 1D
- 0.00%
- 1M
- 0.33%
- 6M
- 1.13%
- YTD
- 1.35%
- 1Y
- 3.30%
- 3Y*
- 5.70%
- 5Y*
- 1.75%
- 10Y*
- —
FLCI.TO vs. RQP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 1.22% | 4.88% | 8.03% | 8.31% | -10.13% | -1.62% | 1.21% |
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 1.35% | 4.15% | 6.22% | 6.87% | -8.19% | -2.20% | 1.15% |
Correlation
The correlation between FLCI.TO and RQP.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.33 |
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Return for Risk
FLCI.TO vs. RQP.TO — Risk / Return Rank
FLCI.TO
RQP.TO
FLCI.TO vs. RQP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) and RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.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.
| FLCI.TO | RQP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.64 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 5.07 | -2.84 |
| Martin ratioReturn relative to average drawdown | 6.32 | 26.61 | -20.29 |
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Drawdowns
FLCI.TO vs. RQP.TO - Drawdown Comparison
The maximum FLCI.TO drawdown since its inception was -17.51%, which is greater than RQP.TO's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for FLCI.TO and RQP.TO.
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Drawdown Indicators
| FLCI.TO | RQP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -13.88% | -3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -0.65% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -1.46% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -14.63% | -12.93% | -1.70% |
Current DrawdownCurrent decline from peak | -1.16% | 0.00% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -4.13% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.12% | +0.68% |
Volatility
FLCI.TO vs. RQP.TO - Volatility Comparison
Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) has a higher volatility of 1.77% compared to RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) at 0.28%. This indicates that FLCI.TO's price experiences larger fluctuations and is considered to be riskier than RQP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCI.TO | RQP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.28% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.24% | 0.85% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 1.15% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 3.85% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 3.77% | +2.70% |
Dividends
FLCI.TO vs. RQP.TO - Dividend Comparison
FLCI.TO's dividend yield for the trailing twelve months is around 4.47%, more than RQP.TO's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 4.47% | 4.26% | 4.41% | 4.09% | 4.95% | 3.07% | 2.99% | 3.68% | 3.87% | 0.84% |
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 3.70% | 3.58% | 3.25% | 3.18% | 2.67% | 2.29% | 0.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLCI.TO and RQP.TO have a correlation of 0.39, 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: Franklin and RBC.
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