MFT.TO vs. RQP.TO
MFT.TO (Mackenzie Floating Rate Income 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, MFT.TO returned 3.71%/yr vs 1.75%/yr for RQP.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
MFT.TO vs. RQP.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MFT.TO achieves a 2.53% return, which is significantly higher than RQP.TO's 1.35% return.
MFT.TO
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 2.08%
- YTD
- 2.53%
- 1Y
- 2.43%
- 3Y*
- 5.49%
- 5Y*
- 3.71%
- 10Y*
- 4.41%
RQP.TO
- 1D
- 0.05%
- 1M
- 0.16%
- 6M
- 1.19%
- YTD
- 1.35%
- 1Y
- 3.41%
- 3Y*
- 5.72%
- 5Y*
- 1.75%
- 10Y*
- —
MFT.TO vs. RQP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MFT.TO Mackenzie Floating Rate Income ETF | 2.53% | 0.81% | 8.84% | 11.99% | -6.31% | 5.56% | 2.92% |
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 MFT.TO and RQP.TO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.09 |
The correlation between MFT.TO and RQP.TO shifts across timeframes, from -0.03 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MFT.TO vs. RQP.TO — Risk / Return Rank
MFT.TO
RQP.TO
MFT.TO vs. RQP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Floating Rate Income ETF (MFT.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.
| MFT.TO | RQP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.66 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 5.24 | -3.41 |
| Martin ratioReturn relative to average drawdown | 4.39 | 27.52 | -23.14 |
Loading charts...
Drawdowns
MFT.TO vs. RQP.TO - Drawdown Comparison
The maximum MFT.TO drawdown since its inception was -20.87%, 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 MFT.TO and RQP.TO.
Loading charts...
Drawdown Indicators
| MFT.TO | RQP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -13.88% | -6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -0.65% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -1.46% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -7.45% | -12.93% | +5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -20.87% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -4.13% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.12% | +0.43% |
Volatility
MFT.TO vs. RQP.TO - Volatility Comparison
Mackenzie Floating Rate Income ETF (MFT.TO) has a higher volatility of 0.79% compared to RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) at 0.33%. This indicates that MFT.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.
Loading charts...
Volatility by Period
| MFT.TO | RQP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.33% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 0.85% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 1.16% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 3.86% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 3.77% | +1.33% |
Dividends
MFT.TO vs. RQP.TO - Dividend Comparison
MFT.TO's dividend yield for the trailing twelve months is around 8.29%, more than RQP.TO's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MFT.TO Mackenzie Floating Rate Income ETF | 8.29% | 8.57% | 9.44% | 10.40% | 6.26% | 3.89% | 6.18% | 6.97% | 6.14% | 4.84% | 3.94% |
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% | 0.00% |
Frequently Asked Questions
MFT.TO and RQP.TO have a correlation of -0.03, 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.
Find the right allocation for MFT.TO and RQP.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer