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RCD.TO vs. GBDV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RCD.TO vs. GBDV.L

Last updated Jun 4, 2026

RCD.TO (RBC Quant Canadian Dividend Leaders ETF) and GBDV.L (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - RCD.TO is a Dividend fund managed by RBC, while GBDV.L is a Global Equities fund tracking the S&P Global Dividend Aristocrats index. Over the past 10 years, RCD.TO returned 9.66%/yr vs 8.11%/yr for GBDV.L. At a 0.35 correlation, their price movements are largely independent. RCD.TO charges 0.43%/yr vs 0.45%/yr for GBDV.L.

Performance

RCD.TO vs. GBDV.L - 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 SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

RCD.TO is traded in CAD, while GBDV.L is traded in GBP. To make them comparable, the GBDV.L 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 GBDV.L's 7.54% return. Over the past 10 years, RCD.TO has outperformed GBDV.L with an annualized return of 9.66%, while GBDV.L has yielded a comparatively lower 8.11% 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%

GBDV.L

1D
-0.24%
1M
1.03%
YTD
7.54%
6M
6.73%
1Y
19.24%
3Y*
16.53%
5Y*
9.21%
10Y*
8.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RCD.TO vs. GBDV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS		7.54%12.94%17.21%4.91%0.83%15.30%-10.52%15.56%-0.36%12.08%

Correlation

The correlation between RCD.TO and GBDV.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (10Y)
Calculated over the trailing 10-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Jan 16, 2014

0.35

The correlation between RCD.TO and GBDV.L shifts across timeframes, from 0.28 (1 year) to 0.39 (10 years), reflecting how their relationship changes across market environments.

RCD.TO vs. GBDV.L - Sectors Allocation Comparison

Sectors
RCD.TO
GBDV.L

Financial Services

29.3%
24.9%

Energy

20.4%
7.3%

Basic Materials

15.7%
2.0%

Industrials

7.3%
11.5%

Technology

7.0%
2.2%

Utilities

6.1%
15.9%

Communication Services

4.6%
9.5%

Consumer Cyclical

4.0%
2.4%

Consumer Defensive

3.4%
8.0%

Real Estate

2.1%
12.1%

Healthcare

-

4.2%

Financial Services

RCD.TO
29.3%
GBDV.L
24.9%

Energy

RCD.TO
20.4%
GBDV.L
7.3%

Basic Materials

RCD.TO
15.7%
GBDV.L
2.0%

Industrials

RCD.TO
7.3%
GBDV.L
11.5%

Technology

RCD.TO
7.0%
GBDV.L
2.2%

Utilities

RCD.TO
6.1%
GBDV.L
15.9%

Communication Services

RCD.TO
4.6%
GBDV.L
9.5%

Consumer Cyclical

RCD.TO
4.0%
GBDV.L
2.4%

Consumer Defensive

RCD.TO
3.4%
GBDV.L
8.0%

Real Estate

RCD.TO
2.1%
GBDV.L
12.1%

Healthcare

RCD.TO

-

GBDV.L
4.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

RBC Quant Canadian Dividend Leaders ETF

SPDR S&P Global Dividend Aristocrats UCITS

Often compared with RCD.TO:
RCD.TO vs. XEI.TORCD.TO vs. VDY.TORCD.TO vs. DMEC.TORCD.TO vs. XDIV.TORCD.TO vs. PDC.TORCD.TO vs. XMV.TORCD.TO vs. ZLB.TO
Often compared with GBDV.L:
GBDV.L vs. VHYL.ASGBDV.L vs. VHYD.LGBDV.L vs. SDIVGBDV.L vs. IUKD.LGBDV.L vs. XGSD.LGBDV.L vs. FLXX.DEGBDV.L vs. TDGB.L

Return for Risk

RCD.TO vs. GBDV.L — 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: 5050
Overall Rank
RCD.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
RCD.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
RCD.TO Omega Ratio Rank: 6060
Omega Ratio Rank
RCD.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
RCD.TO Martin Ratio Rank: 5050
Martin Ratio Rank
GBDV.L
GBDV.L Risk / Return Rank: 6060
Overall Rank
GBDV.L Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
GBDV.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
GBDV.L Omega Ratio Rank: 6262
Omega Ratio Rank
GBDV.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
GBDV.L Martin Ratio Rank: 5555
Martin Ratio Rank
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. GBDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L). 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.TOGBDV.LDifference
Sharpe ratioReturn per unit of total volatility
1.69
1.95

-0.26

Sortino ratioReturn per unit of downside risk
1.99
2.72

-0.73

Omega ratioGain probability vs. loss probability

1.37

1.35

+0.02

Calmar ratioReturn relative to maximum drawdown

2.65

2.76

-0.11

Martin ratioReturn relative to average drawdown

8.37

9.07

-0.69

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. GBDV.L - Sharpe Ratio Comparison

The current RCD.TO Sharpe Ratio is 1.69, which is comparable to the GBDV.L Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of RCD.TO and GBDV.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

RCD.TOGBDV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.69

1.95

-0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.78

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

0.60

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.77

-0.22

Drawdowns

RCD.TO vs. GBDV.L - Drawdown Comparison

The maximum RCD.TO drawdown since its inception was -38.07%, roughly equal to the maximum GBDV.L drawdown of -36.48%. Use the drawdown chart below to compare losses from any high point for RCD.TO and GBDV.L.

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Drawdown Indicators

RCD.TOGBDV.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.07%

-36.48%

-1.59%

Max Drawdown (1Y)

Largest decline over 1 year

-8.67%

-6.94%

-1.73%

Max Drawdown (3Y)

Largest decline over 3 years

-16.55%

-12.21%

-4.34%

Max Drawdown (5Y)

Largest decline over 5 years

-16.68%

-12.65%

-4.03%

Max Drawdown (10Y)

Largest decline over 10 years

-38.07%

-36.48%

-1.59%

Current Drawdown

Current decline from peak

-0.79%

-1.25%

+0.46%

Average Drawdown

Average peak-to-trough decline

-5.42%

-4.16%

-1.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

2.12%

+0.62%

Volatility

RCD.TO vs. GBDV.L - Volatility Comparison

RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) have volatilities of 2.80% and 2.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RCD.TOGBDV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.80%

2.68%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

12.35%

6.99%

+5.36%

Volatility (1Y)

Calculated over the trailing 1-year period

13.57%

9.81%

+3.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.26%

11.89%

+1.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.48%

13.60%

+0.88%

RCD.TO vs. GBDV.L - Expense Ratio Comparison

RCD.TO has a 0.43% expense ratio, which is lower than GBDV.L's 0.45% expense ratio.

Dividends

RCD.TO vs. GBDV.L - Dividend Comparison

RCD.TO's dividend yield for the trailing twelve months is around 2.88%, less than GBDV.L's 4.52% yield.

PositionTTM20252024202320222021202020192018201720162015
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS		4.52%4.91%4.49%4.87%5.05%4.26%4.41%4.41%5.18%4.26%4.74%5.72%
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

RCD.TO and GBDV.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

RCD.TO is cheaper with a 0.43% expense ratio, compared with 0.45% for GBDV.L.

RCD.TO is categorized as Dividend, while GBDV.L is Global Equities. They also come from different issuers: RBC and State Street. Their fees differ too: 0.43% for RCD.TO and 0.45% for GBDV.L.

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