MCSB.TO vs. RUSB.TO
MCSB.TO (Mackenzie Canadian Short Term Fixed Income ETF) and RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 5 years, MCSB.TO returned 5.00%/yr vs 4.61%/yr for RUSB.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
MCSB.TO vs. RUSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MCSB.TO achieves a 1.47% return, which is significantly lower than RUSB.TO's 3.34% return.
MCSB.TO
- 1D
- 0.15%
- 1M
- 0.06%
- 6M
- 1.06%
- YTD
- 1.47%
- 1Y
- 3.36%
- 3Y*
- 5.41%
- 5Y*
- 5.00%
- 10Y*
- —
RUSB.TO
- 1D
- -1.54%
- 1M
- 0.69%
- 6M
- 1.97%
- YTD
- 3.34%
- 1Y
- 6.49%
- 3Y*
- 7.53%
- 5Y*
- 4.61%
- 10Y*
- —
MCSB.TO vs. RUSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCSB.TO Mackenzie Canadian Short Term Fixed Income ETF | 1.47% | 3.93% | 6.41% | 5.77% | -4.18% | 11.34% | 5.66% | 3.79% | 1.50% | -0.06% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | 1.46% | 2.36% | 7.83% | -0.13% |
Correlation
The correlation between MCSB.TO and RUSB.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2017 | 0.11 |
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Return for Risk
MCSB.TO vs. RUSB.TO — Risk / Return Rank
MCSB.TO
RUSB.TO
MCSB.TO vs. RUSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Canadian Short Term Fixed Income ETF (MCSB.TO) and RBC Short Term U.S. Corporate Bond ETF (RUSB.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.
| MCSB.TO | RUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.81 | +0.46 |
| Martin ratioReturn relative to average drawdown | 6.58 | 3.97 | +2.61 |
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Drawdowns
MCSB.TO vs. RUSB.TO - Drawdown Comparison
The maximum MCSB.TO drawdown since its inception was -8.35%, smaller than the maximum RUSB.TO drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for MCSB.TO and RUSB.TO.
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Drawdown Indicators
| MCSB.TO | RUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.35% | -14.28% | +5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -3.60% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -5.26% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -6.24% | -8.10% | +1.86% |
Current DrawdownCurrent decline from peak | -0.34% | -1.54% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -4.11% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 1.64% | -1.13% |
Volatility
MCSB.TO vs. RUSB.TO - Volatility Comparison
The current volatility for Mackenzie Canadian Short Term Fixed Income ETF (MCSB.TO) is 0.71%, while RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a volatility of 2.05%. This indicates that MCSB.TO experiences smaller price fluctuations and is considered to be less risky than RUSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCSB.TO | RUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 2.05% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 4.25% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.26% | 6.45% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 7.05% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 6.96% | -1.13% |
Dividends
MCSB.TO vs. RUSB.TO - Dividend Comparison
MCSB.TO's dividend yield for the trailing twelve months is around 3.12%, less than RUSB.TO's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MCSB.TO Mackenzie Canadian Short Term Fixed Income ETF | 3.12% | 3.16% | 3.17% | 3.18% | 2.47% | 12.93% | 2.47% | 2.31% | 2.91% | 0.14% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 4.13% | 3.96% | 3.38% | 3.26% | 2.48% | 2.30% | 2.78% | 2.80% | 1.90% | 0.41% |
Frequently Asked Questions
MCSB.TO and RUSB.TO have a correlation of 0.13, 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: Mackenzie and RBC.
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