RCD.TO vs. RLB.TO
RCD.TO (RBC Quant Canadian Dividend Leaders ETF) and RLB.TO (RBC 1-5 Year Laddered Canadian Bond ETF) are both exchange-traded funds - RCD.TO is a Dividend fund managed by RBC, while RLB.TO is a Total Bond Market fund actively managed by RBC. Over the past 10 years, RCD.TO returned 10.15%/yr vs 2.15%/yr for RLB.TO. At a 0.04 correlation, their price movements are largely independent.
Performance
RCD.TO vs. RLB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RCD.TO achieves a 13.27% return, which is significantly higher than RLB.TO's 1.23% return. Over the past 10 years, RCD.TO has outperformed RLB.TO with an annualized return of 10.15%, while RLB.TO has yielded a comparatively lower 2.15% annualized return.
RCD.TO
- 1D
- 0.12%
- 1M
- -0.20%
- 6M
- 8.63%
- YTD
- 13.27%
- 1Y
- 20.90%
- 3Y*
- 14.70%
- 5Y*
- 10.54%
- 10Y*
- 10.15%
RLB.TO
- 1D
- 0.00%
- 1M
- -0.05%
- 6M
- 0.96%
- YTD
- 1.23%
- 1Y
- 3.35%
- 3Y*
- 5.12%
- 5Y*
- 2.10%
- 10Y*
- 2.15%
RCD.TO vs. RLB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCD.TO RBC Quant Canadian Dividend Leaders ETF | 13.27% | 22.09% | 11.41% | 10.95% | -2.83% | 28.19% | -8.74% | 32.30% | -10.87% | 6.35% |
RLB.TO RBC 1-5 Year Laddered Canadian Bond ETF | 1.23% | 3.97% | 5.39% | 5.93% | -5.15% | -0.78% | 5.76% | 4.54% | 1.07% | 0.54% |
Correlation
The correlation between RCD.TO and RLB.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2016 | 0.04 |
Over the past year, RCD.TO and RLB.TO have become more correlated (0.34) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
RCD.TO vs. RLB.TO — Risk / Return Rank
RCD.TO
RLB.TO
RCD.TO vs. RLB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and RBC 1-5 Year Laddered Canadian Bond ETF (RLB.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.
| RCD.TO | RLB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.28 | +0.15 |
| Martin ratioReturn relative to average drawdown | 7.56 | 7.18 | +0.38 |
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Drawdowns
RCD.TO vs. RLB.TO - Drawdown Comparison
The maximum RCD.TO drawdown since its inception was -42.74%, which is greater than RLB.TO's maximum drawdown of -13.93%. Use the drawdown chart below to compare losses from any high point for RCD.TO and RLB.TO.
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Drawdown Indicators
| RCD.TO | RLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.74% | -13.93% | -28.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -1.48% | -7.17% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -1.48% | -20.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.67% | -7.68% | -13.99% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | -13.93% | -28.81% |
Current DrawdownCurrent decline from peak | -0.20% | -0.16% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -1.52% | -8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 0.47% | +2.30% |
Volatility
RCD.TO vs. RLB.TO - Volatility Comparison
RBC Quant Canadian Dividend Leaders ETF (RCD.TO) has a higher volatility of 2.24% compared to RBC 1-5 Year Laddered Canadian Bond ETF (RLB.TO) at 0.53%. This indicates that RCD.TO's price experiences larger fluctuations and is considered to be riskier than RLB.TO 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 | RLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 0.53% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 1.97% | +7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 2.33% | +11.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.45% | 3.01% | +48.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.67% | 4.40% | +50.27% |
Dividends
RCD.TO vs. RLB.TO - Dividend Comparison
RCD.TO's dividend yield for the trailing twelve months is around 2.96%, less than RLB.TO's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCD.TO RBC Quant Canadian Dividend Leaders ETF | 2.96% | 3.32% | 3.71% | 4.00% | 3.97% | 2.76% | 4.07% | 3.41% | 4.30% | 3.55% | 3.63% | 3.95% |
RLB.TO RBC 1-5 Year Laddered Canadian Bond ETF | 3.47% | 3.25% | 2.99% | 2.65% | 2.54% | 2.27% | 2.44% | 2.66% | 2.81% | 2.95% | 2.32% | 0.00% |
Frequently Asked Questions
RCD.TO and RLB.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCD.TO is categorized as Dividend, while RLB.TO is Total Bond Market.
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