RCD.TO vs. DIVB
RCD.TO (RBC Quant Canadian Dividend Leaders ETF) and DIVB (iShares Core Dividend ETF) are both Dividend funds. Over the past 5 years, RCD.TO returned 11.99%/yr vs 15.51%/yr for DIVB. At a 0.32 correlation, their price movements are largely independent. RCD.TO charges 0.43%/yr vs 0.05%/yr for DIVB.
Performance
RCD.TO vs. DIVB - Performance Comparison
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Different Trading Currencies
RCD.TO is traded in CAD, while DIVB is traded in USD. To make them comparable, the DIVB values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RCD.TO achieves a 11.24% return, which is significantly lower than DIVB's 21.52% return.
RCD.TO
- 1D
- -0.85%
- 1M
- -0.40%
- YTD
- 11.24%
- 6M
- 1.75%
- 1Y
- 20.76%
- 3Y*
- 18.55%
- 5Y*
- 11.99%
- 10Y*
- 10.36%
DIVB
- 1D
- 0.35%
- 1M
- 4.83%
- YTD
- 21.52%
- 6M
- 20.37%
- 1Y
- 31.27%
- 3Y*
- 24.94%
- 5Y*
- 15.51%
- 10Y*
- —
RCD.TO vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCD.TO RBC Quant Canadian Dividend Leaders ETF | 11.24% | 22.09% | 11.41% | 10.95% | -2.83% | 28.19% | -8.74% | 32.30% | -10.87% | -0.71% |
DIVB iShares Core Dividend ETF | 21.52% | 9.84% | 28.63% | 10.58% | -4.84% | 31.23% | 8.15% | 27.25% | -0.44% | 4.60% |
Correlation
The correlation between RCD.TO and DIVB is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.32 |
Over the past year, RCD.TO and DIVB have become more correlated (0.54) than their long-term average of 0.32, meaning their price movements have been converging.
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Return for Risk
RCD.TO vs. DIVB — Risk / Return Rank
RCD.TO
DIVB
RCD.TO vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and iShares Core Dividend ETF (DIVB). 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.
| RCD.TO | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.44 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 4.91 | -2.50 |
| Martin ratioReturn relative to average drawdown | 7.57 | 17.42 | -9.86 |
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Drawdowns
RCD.TO vs. DIVB - Drawdown Comparison
The maximum RCD.TO drawdown since its inception was -42.74%, which is greater than DIVB's maximum drawdown of -31.24%. Use the drawdown chart below to compare losses from any high point for RCD.TO and DIVB.
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Drawdown Indicators
| RCD.TO | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.74% | -31.24% | -11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -6.40% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -16.29% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.67% | -17.24% | -4.43% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | — | — |
Current DrawdownCurrent decline from peak | -1.99% | 0.00% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -9.95% | -3.86% | -6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 1.80% | +0.95% |
Volatility
RCD.TO vs. DIVB - Volatility Comparison
The current volatility for RBC Quant Canadian Dividend Leaders ETF (RCD.TO) is 3.52%, while iShares Core Dividend ETF (DIVB) has a volatility of 4.15%. This indicates that RCD.TO experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCD.TO | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 4.15% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 9.58% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 12.31% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.28% | 16.34% | +35.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.68% | 19.23% | +35.45% |
RCD.TO vs. DIVB - Expense Ratio Comparison
RCD.TO has a 0.43% expense ratio, which is higher than DIVB's 0.05% expense ratio.
Dividends
RCD.TO vs. DIVB - Dividend Comparison
RCD.TO's dividend yield for the trailing twelve months is around 3.02%, more than DIVB's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.27% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
RCD.TO RBC Quant Canadian Dividend Leaders ETF | 3.02% | 3.32% | 3.71% | 4.00% | 3.97% | 2.76% | 4.07% | 3.41% | 4.30% | 3.55% | 3.63% | 3.95% |
Frequently Asked Questions
RCD.TO and DIVB have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DIVB is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.43% for RCD.TO.
They also come from different issuers: RBC and iShares. Their fees differ too: 0.43% for RCD.TO and 0.05% for DIVB.
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