RCD.TO vs. EMDV

Last updated Jun 4, 2026

RCD.TO (RBC Quant Canadian Dividend Leaders ETF) and EMDV (ProShares MSCI Emerging Markets Dividend Growers ETF) are both exchange-traded funds - RCD.TO is a Dividend fund managed by RBC, while EMDV is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Dividend Masters Index. Over the past 10 years, RCD.TO returned 9.66%/yr vs 3.38%/yr for EMDV. At a 0.29 correlation, their price movements are largely independent. RCD.TO charges 0.43%/yr vs 0.60%/yr for EMDV.

Performance

RCD.TO vs. EMDV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RCD.TO is traded in CAD, while EMDV is traded in USD. To make them comparable, the EMDV 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 12.09% return, which is significantly higher than EMDV's 2.45% return. Over the past 10 years, RCD.TO has outperformed EMDV with an annualized return of 9.66%, while EMDV has yielded a comparatively lower 3.38% annualized return.

RCD.TO

• 1D: -0.79%
• 1M: 3.76%
• YTD: 12.09%
• 6M: 5.22%
• 1Y: 22.85%
• 3Y*: 16.98%
• 5Y*: 11.76%
• 10Y*: 9.66%

EMDV

• 1D: -1.17%
• 1M: 2.80%
• YTD: 2.45%
• 6M: 0.74%
• 1Y: 9.27%
• 3Y*: 3.96%
• 5Y*: -0.39%
• 10Y*: 3.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RCD.TO vs. EMDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RCD.TO RBC Quant Canadian Dividend Leaders ETF	12.09%	21.74%	10.79%	10.31%	-3.37%	27.62%	-1.89%	21.59%	-11.38%	5.76%
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	2.45%	6.77%	8.66%	-3.21%	-12.36%	0.19%	-1.78%	9.28%	0.33%	18.90%

Correlation

The correlation between RCD.TO and EMDV is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 28, 2016	0.29

The correlation between RCD.TO and EMDV shifts across timeframes, from 0.27 (5 years) to 0.38 (1 year), reflecting how their relationship changes across market environments.

RCD.TO vs. EMDV - Sectors Allocation Comparison

Sectors	RCD.TO	EMDV
Financial Services	29.3%	24.1%
Energy	20.4%	-
Basic Materials	15.7%	1.9%
Industrials	7.3%	6.2%
Technology	7.0%	22.5%
Utilities	6.1%	8.3%
Communication Services	4.6%	6.2%
Consumer Cyclical	4.0%	6.2%
Consumer Defensive	3.4%	16.4%
Real Estate	2.1%	-
Healthcare	-	8.2%

Return for Risk

RCD.TO vs. EMDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RCD.TO

RCD.TO Risk / Return Rank: 50
RCD.TO Sharpe Ratio Rank: 49
RCD.TO Sortino Ratio Rank: 39
RCD.TO Omega Ratio Rank: 60
RCD.TO Calmar Ratio Rank: 54
RCD.TO Martin Ratio Rank: 50

EMDV

EMDV Risk / Return Rank: 22
EMDV Sharpe Ratio Rank: 21
EMDV Sortino Ratio Rank: 20
EMDV Omega Ratio Rank: 20
EMDV Calmar Ratio Rank: 24
EMDV Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RCD.TO vs. EMDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV). 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.

	RCD.TO	EMDV	Difference
Sharpe ratio: Return per unit of total volatility	1.69	0.86	+0.83
Sortino ratio: Return per unit of downside risk	1.99	1.30	+0.69
Omega ratio: Gain probability vs. loss probability	1.37	1.16	+0.20
Calmar ratio: Return relative to maximum drawdown	2.65	1.36	+1.28
Martin ratio: Return relative to average drawdown	8.37	4.08	+4.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RCD.TO vs. EMDV - Sharpe Ratio Comparison

The current RCD.TO Sharpe Ratio is 1.69, which is higher than the EMDV Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of RCD.TO and EMDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RCD.TO	EMDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	0.86	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	-0.03	+0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.21	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.23	+0.32

Drawdowns

RCD.TO vs. EMDV - Drawdown Comparison

The maximum RCD.TO drawdown since its inception was -38.07%, which is greater than EMDV's maximum drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for RCD.TO and EMDV.

Drawdown Indicators

	RCD.TO	EMDV	Difference
Max Drawdown Largest peak-to-trough decline	-38.07%	-32.12%	-5.95%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-6.83%	-1.84%
Max Drawdown (3Y) Largest decline over 3 years	-16.55%	-16.96%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-16.68%	-28.22%	+11.54%
Max Drawdown (10Y) Largest decline over 10 years	-38.07%	-32.12%	-5.95%
Current Drawdown Current decline from peak	-0.79%	-4.83%	+4.04%
Average Drawdown Average peak-to-trough decline	-5.42%	-9.43%	+4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.28%	+0.46%

Volatility

RCD.TO vs. EMDV - Volatility Comparison

The current volatility for RBC Quant Canadian Dividend Leaders ETF (RCD.TO) is 2.80%, while ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) has a volatility of 3.88%. This indicates that RCD.TO experiences smaller price fluctuations and is considered to be less risky than EMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RCD.TO	EMDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	3.88%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	12.35%	8.84%	+3.51%
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	10.79%	+2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	13.79%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.48%	16.32%	-1.84%

RCD.TO vs. EMDV - Expense Ratio Comparison

RCD.TO has a 0.43% expense ratio, which is lower than EMDV's 0.60% expense ratio.

Dividends

RCD.TO vs. EMDV - Dividend Comparison

RCD.TO's dividend yield for the trailing twelve months is around 2.88%, more than EMDV's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	2.41%	2.46%	2.79%	1.88%	3.68%	2.12%	3.12%	2.38%	1.27%	2.09%	2.87%	0.00%
RCD.TO RBC Quant Canadian Dividend Leaders ETF	2.88%	3.07%	3.17%	3.39%	3.36%	2.34%	3.45%	3.12%	3.64%	3.01%	3.08%	3.62%

Frequently Asked Questions

Can I hold both RCD.TO and EMDV in my portfolio?

RCD.TO and EMDV have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RCD.TO or EMDV?

On fees, RCD.TO is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RCD.TO or EMDV?

RCD.TO is cheaper with a 0.43% expense ratio, compared with 0.60% for EMDV.

What is the main difference between RCD.TO and EMDV?

RCD.TO is categorized as Dividend, while EMDV is Emerging Markets Equities. They also come from different issuers: RBC and ProShares. Their fees differ too: 0.43% for RCD.TO and 0.60% for EMDV.