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RCD.TO vs. TBNK.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

RCD.TO vs. TBNK.TO

Last updated Apr 1, 2026

Compare and contrast key facts about RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and TD Canadian Bank Dividend Index ETF (TBNK.TO).

RCD.TO and TBNK.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RCD.TO is managed by RBC. TBNK.TO is a passively managed fund by TD that tracks the performance of the Solactive Canadian Bank Dividend Index (CA NTR). It was launched on Apr 20, 2023.

Performance

RCD.TO vs. TBNK.TO - 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 TD Canadian Bank Dividend Index ETF (TBNK.TO). The values are adjusted to include any dividend payments, if applicable.

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RCD.TO vs. TBNK.TO - Yearly Performance Comparison

2026 (YTD)202520242023
RCD.TO
RBC Quant Canadian Dividend Leaders ETF		5.56%21.74%10.79%4.07%
TBNK.TO
TD Canadian Bank Dividend Index ETF		2.37%44.62%20.33%7.34%

Returns By Period

In the year-to-date period, RCD.TO achieves a 5.56% return, which is significantly higher than TBNK.TO's 2.37% return.

RCD.TO

1D
2.11%
1M
-3.55%
YTD
5.56%
6M
2.79%
1Y
23.94%
3Y*
14.80%
5Y*
11.74%
10Y*
9.46%

TBNK.TO

1D
2.80%
1M
-3.55%
YTD
2.37%
6M
15.38%
1Y
50.62%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

TD Canadian Bank Dividend Index ETF

Often compared with RCD.TO:
RCD.TO vs. VDY.TORCD.TO vs. ZLB.TORCD.TO vs. XMV.TORCD.TO vs. XEI.TORCD.TO vs. XDIV.TORCD.TO vs. DMEC.TORCD.TO vs. XUS.TO
Often compared with TBNK.TO:
TBNK.TO vs. SPYTBNK.TO vs. VDY.TOTBNK.TO vs. RY.TOTBNK.TO vs. XIC.TOTBNK.TO vs. TQCD.TOTBNK.TO vs. VCN.TOTBNK.TO vs. HMAX.TO

RCD.TO vs. TBNK.TO - Expense Ratio Comparison

RCD.TO has a 0.43% expense ratio, which is higher than TBNK.TO's 0.28% expense ratio.

RCD.TO
RBC Quant Canadian Dividend Leaders ETF
TBNK.TO
TD Canadian Bank Dividend Index ETF

Return for Risk

RCD.TO vs. TBNK.TO — 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: 8181
Overall Rank
RCD.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
RCD.TO Sortino Ratio Rank: 7474
Sortino Ratio Rank
RCD.TO Omega Ratio Rank: 8787
Omega Ratio Rank
RCD.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
RCD.TO Martin Ratio Rank: 7777
Martin Ratio Rank
TBNK.TO
TBNK.TO Risk / Return Rank: 9898
Overall Rank
TBNK.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
TBNK.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
TBNK.TO Omega Ratio Rank: 9898
Omega Ratio Rank
TBNK.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
TBNK.TO Martin Ratio Rank: 9898
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. TBNK.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 TD Canadian Bank Dividend Index ETF (TBNK.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.

RCD.TOTBNK.TODifference

Sharpe ratio

Return per unit of total volatility

1.62

3.70

-2.08

Sortino ratio

Return per unit of downside risk

1.90

4.89

-3.00

Omega ratio

Gain probability vs. loss probability

1.35

1.71

-0.36

Calmar ratio

Return relative to maximum drawdown

2.45

6.15

-3.70

Martin ratio

Return relative to average drawdown

8.30

24.06

-15.77

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. TBNK.TO - Sharpe Ratio Comparison

The current RCD.TO Sharpe Ratio is 1.62, which is lower than the TBNK.TO Sharpe Ratio of 3.70. The chart below compares the historical Sharpe Ratios of RCD.TO and TBNK.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

RCD.TOTBNK.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.62

3.70

-2.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

1.97

-1.45

Correlation

The correlation between RCD.TO and TBNK.TO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RCD.TO vs. TBNK.TO - Dividend Comparison

RCD.TO's dividend yield for the trailing twelve months is around 3.05%, more than TBNK.TO's 2.84% yield.

TTM20252024202320222021202020192018201720162015
RCD.TO
RBC Quant Canadian Dividend Leaders ETF		3.05%3.07%3.17%3.39%3.36%2.34%3.45%3.12%3.64%3.01%3.08%3.62%
TBNK.TO
TD Canadian Bank Dividend Index ETF		2.84%2.89%4.03%3.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

RCD.TO vs. TBNK.TO - Drawdown Comparison

The maximum RCD.TO drawdown since its inception was -38.07%, which is greater than TBNK.TO's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for RCD.TO and TBNK.TO.

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Drawdown Indicators

RCD.TOTBNK.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.07%

-15.03%

-23.04%

Max Drawdown (1Y)

Largest decline over 1 year

-10.15%

-8.40%

-1.75%

Max Drawdown (5Y)

Largest decline over 5 years

-16.68%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.07%

—

—

Current Drawdown

Current decline from peak

-4.33%

-5.43%

+1.10%

Average Drawdown

Average peak-to-trough decline

-5.48%

-2.54%

-2.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

2.15%

+0.85%

Volatility

RCD.TO vs. TBNK.TO - Volatility Comparison

The current volatility for RBC Quant Canadian Dividend Leaders ETF (RCD.TO) is 4.99%, while TD Canadian Bank Dividend Index ETF (TBNK.TO) has a volatility of 5.96%. This indicates that RCD.TO experiences smaller price fluctuations and is considered to be less risky than TBNK.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.TOTBNK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.99%

5.96%

-0.97%

Volatility (6M)

Calculated over the trailing 6-month period

12.70%

10.19%

+2.51%

Volatility (1Y)

Calculated over the trailing 1-year period

14.88%

13.76%

+1.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.22%

12.65%

+0.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.47%

12.65%

+1.82%