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RBNK.TO vs. RBO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RBNK.TO vs. RBO.TO

Last updated Jul 17, 2026
Documentation

RBNK.TO (RBC Canadian Bank Yield Index ETF) and RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) are both exchange-traded funds - RBNK.TO is a Financials Equities fund tracking the Solactive Canada Bank Yield Index, while RBO.TO is a Corporate Bonds fund actively managed by RBC. RBNK.TO is passively managed, while RBO.TO is actively managed. Over the past 5 years, RBNK.TO returned 21.16%/yr vs 2.30%/yr for RBO.TO. At a 0.06 correlation, their price movements are largely independent.

Performance

RBNK.TO vs. RBO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Canadian Bank Yield Index ETF (RBNK.TO) and RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RBNK.TO achieves a 36.55% return, which is significantly higher than RBO.TO's 1.31% return.

RBNK.TO

1D
-0.55%
1M
7.14%
6M
33.61%
YTD
36.55%
1Y
73.69%
3Y*
37.64%
5Y*
21.16%
10Y*
—

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RBNK.TO vs. RBO.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RBNK.TO
RBC Canadian Bank Yield Index ETF		36.55%44.94%23.12%11.05%-13.12%40.33%3.38%16.86%-9.12%3.92%
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%0.01%

Correlation

The correlation between RBNK.TO and RBO.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2017

0.06

Over the past year, RBNK.TO and RBO.TO have become more correlated (0.41) than their long-term average of 0.06, meaning their price movements have been converging.

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RBC Canadian Bank Yield Index ETF

RBC 1-5 Year Laddered Canadian Corporate Bond ETF

Often compared with RBNK.TO:
RBNK.TO vs. BANK.TORBNK.TO vs. ZWB.TORBNK.TO vs. ZEB.TORBNK.TO vs. XEI.TORBNK.TO vs. VDY.TORBNK.TO vs. XGD.TORBNK.TO vs. CGI.TO
Often compared with RBO.TO:
RBO.TO vs. CFRN.TORBO.TO vs. RPDH.TORBO.TO vs. RQO.TORBO.TO vs. DXO.TORBO.TO vs. MFT.TORBO.TO vs. RID.TORBO.TO vs. RLB.TO

Return for Risk

RBNK.TO vs. RBO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RBNK.TO
RBNK.TO Risk / Return Rank: 9898
Overall Rank
RBNK.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
RBNK.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
RBNK.TO Omega Ratio Rank: 9898
Omega Ratio Rank
RBNK.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
RBNK.TO Martin Ratio Rank: 9797
Martin Ratio Rank
RBO.TO
RBO.TO Risk / Return Rank: 5353
Overall Rank
RBO.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
RBO.TO Sortino Ratio Rank: 5555
Sortino Ratio Rank
RBO.TO Omega Ratio Rank: 6060
Omega Ratio Rank
RBO.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
RBO.TO Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RBNK.TO vs. RBO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Bank Yield Index ETF (RBNK.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.

RBNK.TORBO.TODifference
Sharpe ratioReturn per unit of total volatility
5.29
1.51

+3.78

Sortino ratioReturn per unit of downside risk
6.78
2.16

+4.62

Omega ratioGain probability vs. loss probability

1.94

1.29

+0.64

Calmar ratioReturn relative to maximum drawdown

8.16

1.89

+6.27

Martin ratioReturn relative to average drawdown

35.03

6.81

+28.23

RBNK.TO vs. RBO.TO - Sharpe Ratio Comparison

The current RBNK.TO Sharpe Ratio is 5.29, which is higher than the RBO.TO Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of RBNK.TO and RBO.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RBNK.TO vs. RBO.TO - Drawdown Comparison

The maximum RBNK.TO drawdown since its inception was -39.23%, which is greater than RBO.TO's maximum drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for RBNK.TO and RBO.TO.

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Drawdown Indicators

RBNK.TORBO.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.23%

-20.46%

-18.77%

Max Drawdown (1Y)

Largest decline over 1 year

-9.08%

-1.75%

-7.33%

Max Drawdown (3Y)

Largest decline over 3 years

-14.86%

-1.75%

-13.11%

Max Drawdown (5Y)

Largest decline over 5 years

-28.60%

-7.89%

-20.71%

Max Drawdown (10Y)

Largest decline over 10 years

—

-20.46%

—

Current Drawdown

Current decline from peak

-0.55%

-0.27%

-0.28%

Average Drawdown

Average peak-to-trough decline

-7.45%

-1.34%

-6.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.11%

0.48%

+1.63%

Volatility

RBNK.TO vs. RBO.TO - Volatility Comparison

RBC Canadian Bank Yield Index ETF (RBNK.TO) has a higher volatility of 4.15% compared to RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) at 0.41%. This indicates that RBNK.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

RBNK.TORBO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.15%

0.41%

+3.74%

Volatility (6M)

Calculated over the trailing 6-month period

12.02%

1.81%

+10.21%

Volatility (1Y)

Calculated over the trailing 1-year period

14.00%

2.18%

+11.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.00%

2.95%

+11.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.20%

7.74%

+10.46%

Dividends

RBNK.TO vs. RBO.TO - Dividend Comparison

RBNK.TO's dividend yield for the trailing twelve months is around 2.63%, less than RBO.TO's 3.90% yield.

PositionTTM20252024202320222021202020192018201720162015
RBNK.TO
RBC Canadian Bank Yield Index ETF		2.63%3.39%4.50%4.81%4.52%3.09%4.21%3.89%4.09%0.56%0.00%0.00%
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

RBNK.TO and RBO.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RBNK.TO is categorized as Financials Equities, while RBO.TO is Corporate Bonds.

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