RBO.TO vs. RCDB.NEO
RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) and RCDB.NEO (RBC Canadian Discount Bond ETF) are both exchange-traded funds - RBO.TO is a Corporate Bonds fund actively managed by RBC, while RCDB.NEO is a Short-Term Bond fund actively managed by RBC. Both are actively managed. Over the past 5 years, RBO.TO returned 2.32%/yr vs 2.27%/yr for RCDB.NEO. At a 0.41 correlation, their price movements are largely independent.
Performance
RBO.TO vs. RCDB.NEO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RBO.TO having a 1.41% return and RCDB.NEO slightly lower at 1.36%.
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%
RCDB.NEO
- 1D
- 0.09%
- 1M
- 0.02%
- 6M
- 1.03%
- YTD
- 1.36%
- 1Y
- 3.56%
- 3Y*
- 5.00%
- 5Y*
- 2.27%
- 10Y*
- —
RBO.TO vs. RCDB.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 1.21% |
RCDB.NEO RBC Canadian Discount Bond ETF | 1.36% | 3.75% | 5.58% | 5.68% | -4.07% | -0.68% | 5.61% | 0.58% |
Correlation
The correlation between RBO.TO and RCDB.NEO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.41 |
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Return for Risk
RBO.TO vs. RCDB.NEO — Risk / Return Rank
RBO.TO
RCDB.NEO
RBO.TO vs. RCDB.NEO - 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 RBC Canadian Discount Bond ETF (RCDB.NEO). 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 | RCDB.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.25 | -0.33 |
| Martin ratioReturn relative to average drawdown | 6.93 | 7.88 | -0.95 |
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Drawdowns
RBO.TO vs. RCDB.NEO - Drawdown Comparison
The maximum RBO.TO drawdown since its inception was -20.46%, which is greater than RCDB.NEO's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for RBO.TO and RCDB.NEO.
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Drawdown Indicators
| RBO.TO | RCDB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.46% | -8.31% | -12.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -1.59% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -1.75% | -1.59% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -7.89% | -6.90% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -20.46% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.19% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -1.39% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.45% | +0.03% |
Volatility
RBO.TO vs. RCDB.NEO - Volatility Comparison
The current volatility for RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) is 0.41%, while RBC Canadian Discount Bond ETF (RCDB.NEO) has a volatility of 0.63%. This indicates that RBO.TO experiences smaller price fluctuations and is considered to be less risky than RCDB.NEO 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 | RCDB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.63% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 1.69% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 2.31% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 2.84% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 5.44% | +2.30% |
Dividends
RBO.TO vs. RCDB.NEO - Dividend Comparison
RBO.TO's dividend yield for the trailing twelve months is around 3.90%, more than RCDB.NEO's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RCDB.NEO RBC Canadian Discount Bond ETF | 2.17% | 1.96% | 1.58% | 1.22% | 1.16% | 1.33% | 1.68% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RBO.TO and RCDB.NEO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RBO.TO is categorized as Corporate Bonds, while RCDB.NEO is Short-Term Bond.
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