RBO.TO vs. RQO.TO
RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) and RQO.TO (RBC Target 2026 Corporate Bond Index ETF) are both Corporate Bonds funds from RBC. Both are actively managed. Over the past 5 years, RBO.TO returned 2.32%/yr vs 1.59%/yr for RQO.TO. At a 0.42 correlation, their price movements are largely independent.
Performance
RBO.TO vs. RQO.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 higher than RQO.TO's 1.23% 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%
RQO.TO
- 1D
- 0.05%
- 1M
- 0.24%
- 6M
- 1.17%
- YTD
- 1.23%
- 1Y
- 2.90%
- 3Y*
- 5.11%
- 5Y*
- 1.59%
- 10Y*
- —
RBO.TO vs. RQO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 1.41% | 4.23% | 6.06% | 6.16% | -5.32% | -1.20% | 1.09% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 1.23% | 3.57% | 5.40% | 6.86% | -7.50% | -2.27% | 0.63% |
Correlation
The correlation between RBO.TO and RQO.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.42 |
Over the past year, the correlation between RBO.TO and RQO.TO has dropped to 0.20 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
RBO.TO vs. RQO.TO — Risk / Return Rank
RBO.TO
RQO.TO
RBO.TO vs. RQO.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 Target 2026 Corporate Bond Index ETF (RQO.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 | RQO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -4.97 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 2.05 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 27.50 | -25.57 |
| Martin ratioReturn relative to average drawdown | 6.93 | 91.66 | -84.73 |
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Drawdowns
RBO.TO vs. RQO.TO - Drawdown Comparison
The maximum RBO.TO drawdown since its inception was -20.46%, which is greater than RQO.TO's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for RBO.TO and RQO.TO.
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Drawdown Indicators
| RBO.TO | RQO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.46% | -12.86% | -7.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -0.11% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -1.75% | -0.93% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -7.89% | -11.65% | +3.76% |
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% | -3.73% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.03% | +0.45% |
Volatility
RBO.TO vs. RQO.TO - Volatility Comparison
RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) has a higher volatility of 0.41% compared to RBC Target 2026 Corporate Bond Index ETF (RQO.TO) at 0.15%. This indicates that RBO.TO's price experiences larger fluctuations and is considered to be riskier than RQO.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 | RQO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.15% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 0.47% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 0.72% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 2.98% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 2.93% | +4.81% |
Dividends
RBO.TO vs. RQO.TO - Dividend Comparison
RBO.TO's dividend yield for the trailing twelve months is around 3.90%, more than RQO.TO's 3.03% 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% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 3.03% | 2.66% | 2.56% | 1.98% | 1.86% | 1.97% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RBO.TO and RQO.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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