RCDB.NEO vs. DCS.TO
RCDB.NEO (RBC Canadian Discount Bond ETF) and DCS.TO (Desjardins Canadian Short Term Bond Index ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 5 years, RCDB.NEO returned 2.27%/yr vs 2.13%/yr for DCS.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
RCDB.NEO vs. DCS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RCDB.NEO achieves a 1.36% return, which is significantly higher than DCS.TO's 1.16% return.
RCDB.NEO
- 1D
- 0.09%
- 1M
- 0.02%
- 6M
- 1.03%
- YTD
- 1.36%
- 1Y
- 3.56%
- 3Y*
- 5.00%
- 5Y*
- 2.27%
- 10Y*
- —
DCS.TO
- 1D
- 0.10%
- 1M
- -0.06%
- 6M
- 0.84%
- YTD
- 1.16%
- 1Y
- 3.08%
- 3Y*
- 4.74%
- 5Y*
- 2.13%
- 10Y*
- —
RCDB.NEO vs. DCS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RCDB.NEO RBC Canadian Discount Bond ETF | 1.36% | 3.75% | 5.58% | 5.68% | -4.07% | -0.68% | 5.61% | 0.58% |
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 1.16% | 3.51% | 5.74% | 4.72% | -4.00% | -0.81% | 4.93% | 1.13% |
Correlation
The correlation between RCDB.NEO and DCS.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.25 |
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Return for Risk
RCDB.NEO vs. DCS.TO — Risk / Return Rank
RCDB.NEO
DCS.TO
RCDB.NEO vs. DCS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Discount Bond ETF (RCDB.NEO) and Desjardins Canadian Short Term Bond Index ETF (DCS.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.
| RCDB.NEO | DCS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.46 | -0.20 |
| Martin ratioReturn relative to average drawdown | 7.88 | 7.99 | -0.11 |
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Drawdowns
RCDB.NEO vs. DCS.TO - Drawdown Comparison
The maximum RCDB.NEO drawdown since its inception was -8.31%, which is greater than DCS.TO's maximum drawdown of -7.05%. Use the drawdown chart below to compare losses from any high point for RCDB.NEO and DCS.TO.
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Drawdown Indicators
| RCDB.NEO | DCS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -7.05% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -1.26% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -1.59% | -1.26% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -6.90% | -6.26% | -0.64% |
Current DrawdownCurrent decline from peak | -0.19% | -0.21% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -1.44% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.39% | +0.06% |
Volatility
RCDB.NEO vs. DCS.TO - Volatility Comparison
RBC Canadian Discount Bond ETF (RCDB.NEO) has a higher volatility of 0.63% compared to Desjardins Canadian Short Term Bond Index ETF (DCS.TO) at 0.48%. This indicates that RCDB.NEO's price experiences larger fluctuations and is considered to be riskier than DCS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCDB.NEO | DCS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.48% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 1.42% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.31% | 1.90% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 2.50% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 2.64% | +2.80% |
Dividends
RCDB.NEO vs. DCS.TO - Dividend Comparison
RCDB.NEO's dividend yield for the trailing twelve months is around 2.17%, less than DCS.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 2.77% | 2.77% | 2.59% | 2.49% | 2.66% | 2.49% | 2.41% | 2.47% | 2.55% | 1.69% |
RCDB.NEO RBC Canadian Discount Bond ETF | 2.17% | 1.96% | 1.58% | 1.22% | 1.16% | 1.33% | 1.68% | 0.78% | 0.00% | 0.00% |
Frequently Asked Questions
RCDB.NEO and DCS.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: RBC and Desjardins.
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