RBO.TO vs. RQP.TO
RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) and RQP.TO (RBC Target 2027 Canadian 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 1.75%/yr for RQP.TO. At a 0.46 correlation, their price movements are largely independent.
Performance
RBO.TO vs. RQP.TO - 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 RQP.TO slightly lower at 1.35%.
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%
RQP.TO
- 1D
- 0.05%
- 1M
- 0.16%
- 6M
- 1.19%
- YTD
- 1.35%
- 1Y
- 3.41%
- 3Y*
- 5.72%
- 5Y*
- 1.75%
- 10Y*
- —
RBO.TO vs. RQP.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% |
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 1.35% | 4.15% | 6.22% | 6.87% | -8.19% | -2.20% | 1.15% |
Correlation
The correlation between RBO.TO and RQP.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.46 |
The correlation between RBO.TO and RQP.TO has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
RBO.TO vs. RQP.TO — Risk / Return Rank
RBO.TO
RQP.TO
RBO.TO vs. RQP.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 2027 Canadian Corporate Bond Index ETF (RQP.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 | RQP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.66 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 5.24 | -3.32 |
| Martin ratioReturn relative to average drawdown | 6.93 | 27.52 | -20.60 |
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Drawdowns
RBO.TO vs. RQP.TO - Drawdown Comparison
The maximum RBO.TO drawdown since its inception was -20.46%, which is greater than RQP.TO's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for RBO.TO and RQP.TO.
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Drawdown Indicators
| RBO.TO | RQP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.46% | -13.88% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -0.65% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -1.75% | -1.46% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -7.89% | -12.93% | +5.04% |
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% | -4.13% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.12% | +0.36% |
Volatility
RBO.TO vs. RQP.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 2027 Canadian Corporate Bond Index ETF (RQP.TO) at 0.33%. This indicates that RBO.TO's price experiences larger fluctuations and is considered to be riskier than RQP.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 | RQP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.33% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 0.85% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 1.16% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 3.86% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 3.77% | +3.97% |
Dividends
RBO.TO vs. RQP.TO - Dividend Comparison
RBO.TO's dividend yield for the trailing twelve months is around 3.90%, more than RQP.TO's 3.70% 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% |
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 3.70% | 3.58% | 3.25% | 3.18% | 2.67% | 2.29% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RBO.TO and RQP.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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