RBO.TO vs. DXO.TO
RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) and DXO.TO (Dynamic Active Crossover Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, RBO.TO returned 2.32%/yr vs 2.78%/yr for DXO.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
RBO.TO vs. DXO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RBO.TO achieves a 1.41% return, which is significantly lower than DXO.TO's 1.86% return.
RBO.TO
- 1D
- 0.16%
- 1M
- -0.08%
- 6M
- 0.93%
- YTD
- 1.41%
- 1Y
- 3.34%
- 3Y*
- 5.41%
- 5Y*
- 2.32%
- 10Y*
- 2.40%
DXO.TO
- 1D
- 0.21%
- 1M
- 0.21%
- 6M
- 1.45%
- YTD
- 1.86%
- 1Y
- 5.69%
- 3Y*
- 7.29%
- 5Y*
- 2.78%
- 10Y*
- —
RBO.TO vs. DXO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 1.41% | 4.23% | 6.06% | 6.16% | -5.32% | -1.20% | 6.09% | 5.07% | 0.88% | 0.39% |
DXO.TO Dynamic Active Crossover Bond ETF | 1.86% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 10.15% | 12.26% | -1.94% | 4.52% |
Correlation
The correlation between RBO.TO and DXO.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2017 | 0.19 |
The correlation between RBO.TO and DXO.TO shifts across timeframes, from 0.19 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RBO.TO vs. DXO.TO — Risk / Return Rank
RBO.TO
DXO.TO
RBO.TO vs. DXO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) and Dynamic Active Crossover Bond ETF (DXO.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.
| RBO.TO | DXO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.37 | -0.45 |
| Martin ratioReturn relative to average drawdown | 6.93 | 10.24 | -3.32 |
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Drawdowns
RBO.TO vs. DXO.TO - Drawdown Comparison
The maximum RBO.TO drawdown since its inception was -20.46%, which is greater than DXO.TO's maximum drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for RBO.TO and DXO.TO.
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Drawdown Indicators
| RBO.TO | DXO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.46% | -17.61% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -2.41% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -1.75% | -3.78% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -7.89% | -15.91% | +8.02% |
Max Drawdown (10Y)Largest decline over 10 years | -20.46% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.51% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -2.94% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.56% | -0.08% |
Volatility
RBO.TO vs. DXO.TO - Volatility Comparison
The current volatility for RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) is 0.41%, while Dynamic Active Crossover Bond ETF (DXO.TO) has a volatility of 0.97%. This indicates that RBO.TO experiences smaller price fluctuations and is considered to be less risky than DXO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RBO.TO | DXO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.97% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 2.65% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 3.34% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 5.63% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 7.74% | 0.00% |
Dividends
RBO.TO vs. DXO.TO - Dividend Comparison
RBO.TO's dividend yield for the trailing twelve months is around 3.90%, less than DXO.TO's 5.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 5.31% | 5.55% | 5.61% | 5.65% | 5.29% | 4.15% | 4.20% | 3.96% | 4.31% | 2.15% | 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
RBO.TO and DXO.TO have a correlation of 0.38, 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: RBC and Dynamic.
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