PSB.TO vs. RBO.TO
PSB.TO (Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF) and RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) are both Corporate Bonds funds. PSB.TO is passively managed, while RBO.TO is actively managed. Over the past 10 years, PSB.TO returned 2.71%/yr vs 2.40%/yr for RBO.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
PSB.TO vs. RBO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PSB.TO achieves a 1.60% return, which is significantly higher than RBO.TO's 1.31% return. Over the past 10 years, PSB.TO has outperformed RBO.TO with an annualized return of 2.71%, while RBO.TO has yielded a comparatively lower 2.40% annualized return.
PSB.TO
- 1D
- 0.00%
- 1M
- -0.01%
- 6M
- 1.04%
- YTD
- 1.60%
- 1Y
- 4.17%
- 3Y*
- 6.10%
- 5Y*
- 2.95%
- 10Y*
- 2.71%
RBO.TO
- 1D
- -0.11%
- 1M
- -0.08%
- 6M
- 0.77%
- YTD
- 1.31%
- 1Y
- 3.29%
- 3Y*
- 5.35%
- 5Y*
- 2.30%
- 10Y*
- 2.40%
PSB.TO vs. RBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSB.TO Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF | 1.60% | 4.68% | 7.08% | 6.44% | -3.89% | -0.97% | 6.08% | 4.25% | 1.59% | 0.23% |
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 1.31% | 4.23% | 6.06% | 6.16% | -5.32% | -1.20% | 6.09% | 5.07% | 0.88% | 0.75% |
Correlation
The correlation between PSB.TO and RBO.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2014 | 0.38 |
The correlation between PSB.TO and RBO.TO shifts across timeframes, from 0.38 (all time) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSB.TO vs. RBO.TO — Risk / Return Rank
PSB.TO
RBO.TO
PSB.TO vs. RBO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO) and RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.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.
| PSB.TO | RBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.89 | +1.14 |
| Martin ratioReturn relative to average drawdown | 9.25 | 6.81 | +2.44 |
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Drawdowns
PSB.TO vs. RBO.TO - Drawdown Comparison
The maximum PSB.TO drawdown since its inception was -13.24%, smaller than the maximum RBO.TO drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for PSB.TO and RBO.TO.
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Drawdown Indicators
| PSB.TO | RBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -20.46% | +7.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -1.75% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -1.89% | -1.75% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | -7.89% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -13.24% | -20.46% | +7.22% |
Current DrawdownCurrent decline from peak | -0.17% | -0.27% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -1.34% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.48% | -0.03% |
Volatility
PSB.TO vs. RBO.TO - Volatility Comparison
Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO) has a higher volatility of 0.67% compared to RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) at 0.41%. This indicates that PSB.TO's price experiences larger fluctuations and is considered to be riskier than RBO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSB.TO | RBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.41% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 1.81% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 2.18% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 2.95% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 7.74% | -2.89% |
Dividends
PSB.TO vs. RBO.TO - Dividend Comparison
PSB.TO's dividend yield for the trailing twelve months is around 3.20%, less than RBO.TO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSB.TO Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF | 3.20% | 3.18% | 3.12% | 3.09% | 3.13% | 2.91% | 2.74% | 3.00% | 3.37% | 3.61% | 4.01% | 4.04% |
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 3.90% | 3.67% | 3.35% | 2.56% | 2.64% | 2.32% | 2.41% | 2.77% | 2.96% | 3.02% | 3.26% | 3.54% |
Frequently Asked Questions
PSB.TO and RBO.TO have a correlation of 0.48, 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: Invesco and RBC.
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