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

RCD.TO vs. UDIV

Last updated Jun 25, 2026

RCD.TO (RBC Quant Canadian Dividend Leaders ETF) and UDIV (Franklin U.S. Core Dividend Tilt Index ETF) are both Dividend funds. Over the past 10 years, RCD.TO returned 10.36%/yr vs 12.67%/yr for UDIV. At a 0.32 correlation, their price movements are largely independent. RCD.TO charges 0.43%/yr vs 0.06%/yr for UDIV.

Performance

RCD.TO vs. UDIV - 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 Franklin U.S. Core Dividend Tilt Index ETF (UDIV). 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 UDIV is traded in USD. To make them comparable, the UDIV 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 UDIV's 15.95% return. Over the past 10 years, RCD.TO has underperformed UDIV with an annualized return of 10.36%, while UDIV has yielded a comparatively higher 12.67% annualized 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%

UDIV

1D
-0.27%
1M
1.74%
YTD
15.95%
6M
14.75%
1Y
30.91%
3Y*
26.13%
5Y*
16.97%
10Y*
12.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RCD.TO vs. UDIV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%6.35%
UDIV
Franklin U.S. Core Dividend Tilt Index ETF		15.95%13.57%36.25%22.23%-9.61%19.61%3.04%19.46%-1.17%9.49%

Correlation

The correlation between RCD.TO and UDIV is 0.57, 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

0.57

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

0.39

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

0.34

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

0.32

Correlation (All Time)
Calculated using the full available price history since Jun 3, 2016

0.32

Over the past year, RCD.TO and UDIV have become more correlated (0.57) than their long-term average of 0.32, meaning their price movements have been converging.

RCD.TO vs. UDIV - Sectors Allocation Comparison

Sectors
RCD.TO
UDIV

Financial Services

29.3%
11.3%

Energy

20.4%
3.3%

Basic Materials

15.7%
0.8%

Industrials

7.3%
5.9%

Technology

7.0%
40.3%

Utilities

6.1%
3.1%

Communication Services

4.6%
10.2%

Consumer Cyclical

4.0%
8.7%

Consumer Defensive

3.4%
5.4%

Real Estate

2.1%
3.6%

Healthcare

-

7.1%

Financial Services

RCD.TO
29.3%
UDIV
11.3%

Energy

RCD.TO
20.4%
UDIV
3.3%

Basic Materials

RCD.TO
15.7%
UDIV
0.8%

Industrials

RCD.TO
7.3%
UDIV
5.9%

Technology

RCD.TO
7.0%
UDIV
40.3%

Utilities

RCD.TO
6.1%
UDIV
3.1%

Communication Services

RCD.TO
4.6%
UDIV
10.2%

Consumer Cyclical

RCD.TO
4.0%
UDIV
8.7%

Consumer Defensive

RCD.TO
3.4%
UDIV
5.4%

Real Estate

RCD.TO
2.1%
UDIV
3.6%

Healthcare

RCD.TO

-

UDIV
7.1%

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

Franklin U.S. Core Dividend Tilt Index ETF

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. RCDC.TORCD.TO vs. XMV.TO
Often compared with UDIV:
UDIV vs. VYMUDIV vs. SCHDUDIV vs. HIDVUDIV vs. DDIVUDIV vs. DIVIUDIV vs. MBOXUDIV vs. LVHD

Return for Risk

RCD.TO vs. UDIV — 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: 3838
Sortino Ratio Rank
RCD.TO Omega Ratio Rank: 5858
Omega Ratio Rank
RCD.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
RCD.TO Martin Ratio Rank: 5050
Martin Ratio Rank
UDIV
UDIV Risk / Return Rank: 7474
Overall Rank
UDIV Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
UDIV Sortino Ratio Rank: 7171
Sortino Ratio Rank
UDIV Omega Ratio Rank: 7373
Omega Ratio Rank
UDIV Calmar Ratio Rank: 7070
Calmar Ratio Rank
UDIV Martin Ratio Rank: 7979
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. UDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). 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.TOUDIVDifference
Sharpe ratioReturn per unit of total volatility
1.50
2.41

-0.90

Sortino ratioReturn per unit of downside risk
1.80
3.31

-1.50

Omega ratioGain probability vs. loss probability

1.32

1.42

-0.11

Calmar ratioReturn relative to maximum drawdown

2.41

4.44

-2.03

Martin ratioReturn relative to average drawdown

7.57

17.06

-9.49

RCD.TO vs. UDIV - Sharpe Ratio Comparison

The current RCD.TO Sharpe Ratio is 1.50, which is lower than the UDIV Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of RCD.TO and UDIV, 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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Drawdowns

RCD.TO vs. UDIV - Drawdown Comparison

The maximum RCD.TO drawdown since its inception was -42.74%, which is greater than UDIV's maximum drawdown of -29.43%. Use the drawdown chart below to compare losses from any high point for RCD.TO and UDIV.

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Drawdown Indicators

RCD.TOUDIVDifference

Max Drawdown

Largest peak-to-trough decline

-42.74%

-29.43%

-13.31%

Max Drawdown (1Y)

Largest decline over 1 year

-8.65%

-7.00%

-1.65%

Max Drawdown (3Y)

Largest decline over 3 years

-21.67%

-19.31%

-2.36%

Max Drawdown (5Y)

Largest decline over 5 years

-21.67%

-19.31%

-2.36%

Max Drawdown (10Y)

Largest decline over 10 years

-42.74%

-29.43%

-13.31%

Current Drawdown

Current decline from peak

-1.99%

-1.72%

-0.27%

Average Drawdown

Average peak-to-trough decline

-9.95%

-3.49%

-6.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

1.82%

+0.93%

Volatility

RCD.TO vs. UDIV - Volatility Comparison

The current volatility for RBC Quant Canadian Dividend Leaders ETF (RCD.TO) is 3.52%, while Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a volatility of 5.27%. This indicates that RCD.TO experiences smaller price fluctuations and is considered to be less risky than UDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RCD.TOUDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.52%

5.27%

-1.75%

Volatility (6M)

Calculated over the trailing 6-month period

12.57%

10.31%

+2.26%

Volatility (1Y)

Calculated over the trailing 1-year period

13.86%

12.94%

+0.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

52.28%

16.57%

+35.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

54.68%

17.19%

+37.49%

RCD.TO vs. UDIV - Expense Ratio Comparison

RCD.TO has a 0.43% expense ratio, which is higher than UDIV's 0.06% expense ratio.

Dividends

RCD.TO vs. UDIV - Dividend Comparison

RCD.TO's dividend yield for the trailing twelve months is around 3.02%, more than UDIV's 1.12% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
UDIV
Franklin U.S. Core Dividend Tilt Index ETF		1.12%1.53%2.05%1.91%3.20%2.97%2.90%3.40%3.74%3.47%1.63%0.00%

Frequently Asked Questions

RCD.TO and UDIV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UDIV is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UDIV is cheaper with a 0.06% expense ratio, compared with 0.43% for RCD.TO.

They also come from different issuers: RBC and Franklin Templeton. Their fees differ too: 0.43% for RCD.TO and 0.06% for UDIV.

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