RBO.TO vs. RCDC.TO
RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) and RCDC.TO (RBC Canadian Dividend Covered Call ETF) are both exchange-traded funds - RBO.TO is a Corporate Bonds fund actively managed by RBC, while RCDC.TO is a Derivative Income fund actively managed by RBC. Both are actively managed. Over the past 3 years, RBO.TO returned 5.41%/yr vs 20.31%/yr for RCDC.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
RBO.TO vs. RCDC.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 RCDC.TO's 18.28% 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%
RCDC.TO
- 1D
- 0.33%
- 1M
- 3.16%
- 6M
- 17.00%
- YTD
- 18.28%
- 1Y
- 32.77%
- 3Y*
- 20.31%
- 5Y*
- —
- 10Y*
- —
RBO.TO vs. RCDC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 1.41% | 4.23% | 6.06% | 4.32% |
RCDC.TO RBC Canadian Dividend Covered Call ETF | 18.28% | 19.29% | 17.27% | 1.66% |
Correlation
The correlation between RBO.TO and RCDC.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2023 | 0.18 |
The correlation between RBO.TO and RCDC.TO shifts across timeframes, from 0.18 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RBO.TO vs. RCDC.TO — Risk / Return Rank
RBO.TO
RCDC.TO
RBO.TO vs. RCDC.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 RBC Canadian Dividend Covered Call ETF (RCDC.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 | RCDC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.74 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 6.06 | -4.14 |
| Martin ratioReturn relative to average drawdown | 6.93 | 30.18 | -23.25 |
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Drawdowns
RBO.TO vs. RCDC.TO - Drawdown Comparison
The maximum RBO.TO drawdown since its inception was -20.46%, which is greater than RCDC.TO's maximum drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for RBO.TO and RCDC.TO.
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Drawdown Indicators
| RBO.TO | RCDC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.46% | -10.88% | -9.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -5.43% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -1.75% | -10.88% | +9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -7.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.46% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | 0.00% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -1.82% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 1.09% | -0.61% |
Volatility
RBO.TO vs. RCDC.TO - Volatility Comparison
The current volatility for RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) is 0.41%, while RBC Canadian Dividend Covered Call ETF (RCDC.TO) has a volatility of 2.10%. This indicates that RBO.TO experiences smaller price fluctuations and is considered to be less risky than RCDC.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 | RCDC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 2.10% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 6.71% | -4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 8.45% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 10.08% | -7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 10.08% | -2.34% |
Dividends
RBO.TO vs. RCDC.TO - Dividend Comparison
RBO.TO's dividend yield for the trailing twelve months is around 3.90%, less than RCDC.TO's 6.15% 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% |
RCDC.TO RBC Canadian Dividend Covered Call ETF | 6.15% | 6.38% | 6.46% | 6.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RBO.TO and RCDC.TO have a correlation of 0.34, 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 RCDC.TO is Derivative Income.
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