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

RBNK.TO vs. RPDH.TO

Last updated Aug 2, 2026
Documentation

RBNK.TO (RBC Canadian Bank Yield Index ETF) and RPDH.TO (RBC Quant European Dividend Leaders CAD Hedged ETF) are both exchange-traded funds - RBNK.TO is a Financials Equities fund tracking the Solactive Canada Bank Yield Index, while RPDH.TO is a Europe Equities fund actively managed by RBC. RBNK.TO is passively managed, while RPDH.TO is actively managed. Over the past 5 years, RBNK.TO returned 20.65%/yr vs 13.98%/yr for RPDH.TO. Their 0.34 correlation means their historical movements had little consistent relationship. RBNK.TO charges 0.32%/yr vs 0.57%/yr for RPDH.TO.

Performance

RBNK.TO vs. RPDH.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 Quant European Dividend Leaders CAD Hedged ETF (RPDH.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 33.54% return, which is significantly higher than RPDH.TO's 18.78% return.

RBNK.TO

1D
0.24%
1M
1.65%
6M
32.63%
YTD
33.54%
1Y
69.99%
3Y*
36.09%
5Y*
20.65%
10Y*
—
ALL TIME*
16.00%

RPDH.TO

1D
0.40%
1M
1.00%
6M
13.20%
YTD
18.78%
1Y
34.08%
3Y*
20.75%
5Y*
13.98%
10Y*
10.25%
ALL TIME*
8.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

RBNK.TO

RBC Canadian Bank Yield Index ETF
CA$2.68MCA$2.48MCA$2.41M

RPDH.TO

RBC Quant European Dividend Leaders CAD Hedged ETF
CA$4.75KCA$38.12KCA$17.69K

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

2026 (YTD)202520242023202220212020201920182017
RBNK.TO
RBC Canadian Bank Yield Index ETF		33.54%44.94%23.12%11.05%-13.12%40.33%3.38%16.86%-9.12%3.92%
RPDH.TO
RBC Quant European Dividend Leaders CAD Hedged ETF		18.78%30.87%7.58%17.83%-6.14%23.21%-7.43%17.35%-8.22%-1.88%

Correlation

The correlation between RBNK.TO and RPDH.TO is 0.23, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.23

Correlation (3Y)
Balances recent behavior with more history.

0.27

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.32

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

0.34

The correlation between RBNK.TO and RPDH.TO shifts across timeframes, from 0.23 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

RBNK.TO vs. RPDH.TO - Sectors Allocation Comparison

Sectors
RBNK.TO
RPDH.TO

Financial Services

100.0%
21.4%

Basic Materials

-

4.5%

Communication Services

-

5.9%

Consumer Cyclical

-

7.5%

Consumer Defensive

-

6.3%

Energy

-

6.2%

Healthcare

-

10.7%

Industrials

-

18.3%

Real Estate

-

1.1%

Technology

-

10.0%

Utilities

-

8.1%

Financial Services

RBNK.TO
100.0%
RPDH.TO
21.4%

Basic Materials

RBNK.TO

-

RPDH.TO
4.5%

Communication Services

RBNK.TO

-

RPDH.TO
5.9%

Consumer Cyclical

RBNK.TO

-

RPDH.TO
7.5%

Consumer Defensive

RBNK.TO

-

RPDH.TO
6.3%

Energy

RBNK.TO

-

RPDH.TO
6.2%

Healthcare

RBNK.TO

-

RPDH.TO
10.7%

Industrials

RBNK.TO

-

RPDH.TO
18.3%

Real Estate

RBNK.TO

-

RPDH.TO
1.1%

Technology

RBNK.TO

-

RPDH.TO
10.0%

Utilities

RBNK.TO

-

RPDH.TO
8.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

RBC Canadian Bank Yield Index ETF

RBC Quant European Dividend Leaders CAD Hedged 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 RPDH.TO:
RPDH.TO vs. RID.TORPDH.TO vs. RLB.TORPDH.TO vs. RPD.TORPDH.TO vs. RQO.TORPDH.TO vs. RQP.TORPDH.TO vs. RUDH.TORPDH.TO vs. RBO.TO

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.
RBNK.TO
RBNK.TO Risk / Return Rank: 9898
Overall Rank
RBNK.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
RBNK.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
RBNK.TO Omega Ratio Rank: 9797
Omega Ratio Rank
RBNK.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
RBNK.TO Martin Ratio Rank: 9797
Martin Ratio Rank
RPDH.TO
RPDH.TO Risk / Return Rank: 9494
Overall Rank
RPDH.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
RPDH.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
RPDH.TO Omega Ratio Rank: 9696
Omega Ratio Rank
RPDH.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
RPDH.TO Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RBNK.TO vs. RPDH.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 Quant European Dividend Leaders CAD Hedged ETF (RPDH.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.TORPDH.TODifference
Sharpe ratioReturn per unit of total volatility
4.72
2.93

+1.78

Sortino ratioReturn per unit of downside risk
5.84
4.25

+1.59

Omega ratioGain probability vs. loss probability

1.82

1.60

+0.22

Calmar ratioReturn relative to maximum drawdown

7.67

4.26

+3.41

Martin ratioReturn relative to average drawdown

31.78

16.74

+15.05

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

The current RBNK.TO Sharpe Ratio is 4.72, which is higher than the RPDH.TO Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of RBNK.TO and RPDH.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. RPDH.TO - Drawdown Comparison

The maximum RBNK.TO drawdown since its inception was -39.23%, which is greater than RPDH.TO's maximum drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for RBNK.TO and RPDH.TO.

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Drawdown Indicators

RBNK.TORPDH.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.23%

-36.38%

-2.85%

Max Drawdown (1Y)

Largest decline over 1 year

-9.08%

-7.81%

-1.27%

Max Drawdown (3Y)

Largest decline over 3 years

-13.00%

-13.56%

+0.56%

Max Drawdown (5Y)

Largest decline over 5 years

-28.60%

-19.22%

-9.38%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.38%

—

Current Drawdown

Current decline from peak

-2.75%

0.00%

-2.75%

Average Drawdown

Average peak-to-trough decline

-7.43%

-5.07%

-2.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.19%

1.98%

+0.21%

Volatility

RBNK.TO vs. RPDH.TO - Volatility Comparison

RBC Canadian Bank Yield Index ETF (RBNK.TO) has a higher volatility of 6.12% compared to RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) at 2.88%. This indicates that RBNK.TO's price experiences larger fluctuations and is considered to be riskier than RPDH.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.TORPDH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.12%

2.88%

+3.24%

Volatility (6M)

Calculated over the trailing 6-month period

12.71%

9.20%

+3.51%

Volatility (1Y)

Calculated over the trailing 1-year period

14.80%

11.34%

+3.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.12%

13.87%

+0.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.23%

16.12%

+2.11%

RBNK.TO vs. RPDH.TO - Expense Ratio Comparison

RBNK.TO has a 0.32% expense ratio, which is lower than RPDH.TO's 0.57% expense ratio.

Dividends

RBNK.TO vs. RPDH.TO - Dividend Comparison

RBNK.TO's dividend yield for the trailing twelve months is around 2.71%, less than RPDH.TO's 2.99% yield.

PositionTTM20252024202320222021202020192018201720162015
RBNK.TO
RBC Canadian Bank Yield Index ETF		2.71%3.39%4.50%4.81%4.52%3.09%4.21%3.89%4.09%0.56%0.00%0.00%
RPDH.TO
RBC Quant European Dividend Leaders CAD Hedged ETF		2.99%3.08%3.71%3.42%4.00%2.38%3.27%5.42%5.06%2.91%3.80%3.08%

Frequently Asked Questions

RBNK.TO and RPDH.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, RBNK.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

RBNK.TO is cheaper with a 0.32% expense ratio, compared with 0.57% for RPDH.TO.

RBNK.TO is categorized as Financials Equities, while RPDH.TO is Europe Equities. Their fees differ too: 0.32% for RBNK.TO and 0.57% for RPDH.TO.

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