HPS-A.TO vs. RBNK.TO
HPS-A.TO (Hammond Power Solutions Inc) is a stock, while RBNK.TO (RBC Canadian Bank Yield Index ETF) is Financials Equities fund tracking the Solactive Canada Bank Yield Index. Over the past 5 years, HPS-A.TO returned 99.92%/yr vs 20.94%/yr for RBNK.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
HPS-A.TO vs. RBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HPS-A.TO achieves a 86.84% return, which is significantly higher than RBNK.TO's 33.79% return.
HPS-A.TO
- 1D
- 5.38%
- 1M
- -15.15%
- 6M
- 91.80%
- YTD
- 86.84%
- 1Y
- 130.21%
- 3Y*
- 80.93%
- 5Y*
- 99.92%
- 10Y*
- 48.80%
- ALL TIME*
- 27.05%
RBNK.TO
- 1D
- 0.49%
- 1M
- 2.72%
- 6M
- 32.57%
- YTD
- 33.79%
- 1Y
- 68.51%
- 3Y*
- 35.81%
- 5Y*
- 20.94%
- 10Y*
- —
- ALL TIME*
- 16.08%
HPS-A.TO vs. RBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HPS-A.TO Hammond Power Solutions Inc | 86.84% | 25.75% | 58.01% | 310.59% | 71.98% | 46.22% | 16.10% | 39.86% | -35.72% | 3.58% |
RBNK.TO RBC Canadian Bank Yield Index ETF | 33.79% | 44.94% | 23.12% | 11.05% | -13.12% | 40.33% | 3.38% | 16.86% | -9.12% | 3.92% |
Correlation
The correlation between HPS-A.TO and RBNK.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.19 |
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Return for Risk
HPS-A.TO vs. RBNK.TO — Risk / Return Rank
HPS-A.TO
RBNK.TO
HPS-A.TO vs. RBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hammond Power Solutions Inc (HPS-A.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.
| HPS-A.TO | RBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -3.72 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.85 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 7.58 | -2.93 |
| Martin ratioReturn relative to average drawdown | 9.21 | 32.33 | -23.12 |
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Drawdowns
HPS-A.TO vs. RBNK.TO - Drawdown Comparison
The maximum HPS-A.TO drawdown since its inception was -64.07%, 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 HPS-A.TO and RBNK.TO.
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Drawdown Indicators
| HPS-A.TO | RBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.07% | -39.23% | -24.84% |
Max Drawdown (1Y)Largest decline over 1 year | -28.14% | -9.08% | -19.06% |
Max Drawdown (3Y)Largest decline over 3 years | -54.28% | -14.86% | -39.42% |
Max Drawdown (5Y)Largest decline over 5 years | -54.28% | -28.60% | -25.68% |
Max Drawdown (10Y)Largest decline over 10 years | -54.28% | — | — |
Current DrawdownCurrent decline from peak | -17.40% | -2.56% | -14.84% |
Average DrawdownAverage peak-to-trough decline | -32.28% | -7.45% | -24.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.19% | 2.13% | +12.06% |
Volatility
HPS-A.TO vs. RBNK.TO - Volatility Comparison
Hammond Power Solutions Inc (HPS-A.TO) has a higher volatility of 22.30% compared to RBC Canadian Bank Yield Index ETF (RBNK.TO) at 4.80%. This indicates that HPS-A.TO's price experiences larger fluctuations and is considered to be riskier 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
| HPS-A.TO | RBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.30% | 4.80% | +17.50% |
Volatility (6M)Calculated over the trailing 6-month period | 49.67% | 12.18% | +37.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.09% | 14.21% | +53.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.96% | 14.00% | +37.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.58% | 18.21% | +25.37% |
Dividends
HPS-A.TO vs. RBNK.TO - Dividend Comparison
HPS-A.TO's dividend yield for the trailing twelve months is around 0.37%, less than RBNK.TO's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPS-A.TO Hammond Power Solutions Inc | 0.37% | 0.69% | 0.76% | 0.67% | 1.91% | 2.84% | 4.01% | 3.65% | 4.21% | 2.62% | 3.96% | 3.77% |
RBNK.TO RBC Canadian Bank Yield Index ETF | 2.69% | 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
HPS-A.TO and RBNK.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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