RBNK.TO vs. TD.TO

Last updated Jun 4, 2026

RBNK.TO (RBC Canadian Bank Yield Index ETF) is Financials Equities fund tracking the Solactive Canada Bank Yield Index, while TD.TO (The Toronto-Dominion Bank) is a stock. Over the past 5 years, RBNK.TO returned 17.57%/yr vs 17.14%/yr for TD.TO. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

RBNK.TO vs. TD.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 The Toronto-Dominion Bank (TD.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RBNK.TO achieves a 19.94% return, which is significantly lower than TD.TO's 22.75% return.

RBNK.TO

• 1D: -0.56%
• 1M: 6.40%
• YTD: 19.94%
• 6M: 24.92%
• 1Y: 60.94%
• 3Y*: 32.53%
• 5Y*: 17.57%
• 10Y*: —

TD.TO

• 1D: -0.26%
• 1M: 8.09%
• YTD: 22.75%
• 6M: 34.91%
• 1Y: 68.68%
• 3Y*: 31.42%
• 5Y*: 17.14%
• 10Y*: 15.24%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RBNK.TO RBC Canadian Bank Yield Index ETF	19.94%	44.94%	22.08%	11.01%	-13.14%	40.30%	3.34%	16.82%	-9.14%	3.71%
TD.TO The Toronto-Dominion Bank	22.75%	77.06%	-6.05%	2.34%	-6.01%	40.15%	3.72%	11.66%	-4.57%	2.76%

Correlation

The correlation between RBNK.TO and TD.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017	0.79

The correlation between RBNK.TO and TD.TO has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

Return for Risk

RBNK.TO vs. TD.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: 96
RBNK.TO Sharpe Ratio Rank: 97
RBNK.TO Sortino Ratio Rank: 97
RBNK.TO Omega Ratio Rank: 96
RBNK.TO Calmar Ratio Rank: 93
RBNK.TO Martin Ratio Rank: 94

TD.TO

TD.TO Risk / Return Rank: 98
TD.TO Sharpe Ratio Rank: 98
TD.TO Sortino Ratio Rank: 98
TD.TO Omega Ratio Rank: 98
TD.TO Calmar Ratio Rank: 97
TD.TO Martin Ratio Rank: 99

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. TD.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 The Toronto-Dominion Bank (TD.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.

	RBNK.TO	TD.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.59	4.57	+0.03
Sortino ratio: Return per unit of downside risk	6.14	5.58	+0.56
Omega ratio: Gain probability vs. loss probability	1.85	1.79	+0.06
Calmar ratio: Return relative to maximum drawdown	6.74	10.33	-3.59
Martin ratio: Return relative to average drawdown	29.06	43.37	-14.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current RBNK.TO Sharpe Ratio is 4.59, which is comparable to the TD.TO Sharpe Ratio of 4.57. The chart below compares the historical Sharpe Ratios of RBNK.TO and TD.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.

Sharpe Ratios by Period

	RBNK.TO	TD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.59	4.57	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	1.01	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.34	+0.47

Drawdowns

RBNK.TO vs. TD.TO - Drawdown Comparison

The maximum RBNK.TO drawdown since its inception was -39.08%, smaller than the maximum TD.TO drawdown of -78.81%. Use the drawdown chart below to compare losses from any high point for RBNK.TO and TD.TO.

Drawdown Indicators

	RBNK.TO	TD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-39.08%	-78.81%	+39.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.08%	-6.68%	-2.40%
Max Drawdown (3Y) Largest decline over 3 years	-14.87%	-15.04%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-28.64%	-26.06%	-2.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.80%	—
Current Drawdown Current decline from peak	-1.37%	-0.96%	-0.41%
Average Drawdown Average peak-to-trough decline	-7.55%	-14.67%	+7.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	1.59%	+0.51%

Volatility

RBNK.TO vs. TD.TO - Volatility Comparison

The current volatility for RBC Canadian Bank Yield Index ETF (RBNK.TO) is 5.06%, while The Toronto-Dominion Bank (TD.TO) has a volatility of 5.74%. This indicates that RBNK.TO experiences smaller price fluctuations and is considered to be less risky than TD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RBNK.TO	TD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	5.74%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	11.66%	11.97%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	13.33%	15.15%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.90%	17.15%	-3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	19.29%	-1.08%

Dividends

RBNK.TO vs. TD.TO - Dividend Comparison

RBNK.TO's dividend yield for the trailing twelve months is around 2.97%, more than TD.TO's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RBNK.TO RBC Canadian Bank Yield Index ETF	2.97%	3.39%	4.50%	4.77%	4.49%	3.07%	4.18%	3.86%	4.06%	0.56%	0.00%	0.00%
TD.TO The Toronto-Dominion Bank	2.73%	3.25%	5.33%	4.48%	4.06%	3.26%	4.32%	3.97%	3.85%	3.19%	3.26%	3.69%

Frequently Asked Questions

Can I hold both RBNK.TO and TD.TO in my portfolio?

RBNK.TO and TD.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.