RCDB.NEO vs. RPD.TO
RCDB.NEO (RBC Canadian Discount Bond ETF) and RPD.TO (RBC Quant European Dividend Leaders ETF) are both exchange-traded funds - RCDB.NEO is a Short-Term Bond fund actively managed by RBC, while RPD.TO is a Europe Equities fund actively managed by RBC. Both are actively managed. Over the past 5 years, RCDB.NEO returned 2.27%/yr vs 14.90%/yr for RPD.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
RCDB.NEO vs. RPD.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 lower than RPD.TO's 16.20% 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*
- —
RPD.TO
- 1D
- 0.00%
- 1M
- -0.42%
- 6M
- 11.45%
- YTD
- 16.20%
- 1Y
- 33.74%
- 3Y*
- 23.92%
- 5Y*
- 14.90%
- 10Y*
- 9.99%
RCDB.NEO vs. RPD.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% |
RPD.TO RBC Quant European Dividend Leaders ETF | 16.20% | 39.81% | 9.01% | 20.93% | -10.71% | 17.45% | -1.87% | 5.47% |
Correlation
The correlation between RCDB.NEO and RPD.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.08 |
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Return for Risk
RCDB.NEO vs. RPD.TO — Risk / Return Rank
RCDB.NEO
RPD.TO
RCDB.NEO vs. RPD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Discount Bond ETF (RCDB.NEO) and RBC Quant European Dividend Leaders ETF (RPD.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 | RPD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.44 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.58 | -1.33 |
| Martin ratioReturn relative to average drawdown | 7.88 | 13.68 | -5.80 |
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Drawdowns
RCDB.NEO vs. RPD.TO - Drawdown Comparison
The maximum RCDB.NEO drawdown since its inception was -8.31%, smaller than the maximum RPD.TO drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for RCDB.NEO and RPD.TO.
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Drawdown Indicators
| RCDB.NEO | RPD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -34.70% | +26.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -9.48% | +7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -1.59% | -13.77% | +12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -6.90% | -26.48% | +19.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.70% | — |
Current DrawdownCurrent decline from peak | -0.19% | -2.50% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -6.09% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 2.47% | -2.02% |
Volatility
RCDB.NEO vs. RPD.TO - Volatility Comparison
The current volatility for RBC Canadian Discount Bond ETF (RCDB.NEO) is 0.63%, while RBC Quant European Dividend Leaders ETF (RPD.TO) has a volatility of 3.21%. This indicates that RCDB.NEO experiences smaller price fluctuations and is considered to be less risky than RPD.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 | RPD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 3.21% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 11.77% | -10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.31% | 14.03% | -11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 14.78% | -11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 15.54% | -10.10% |
Dividends
RCDB.NEO vs. RPD.TO - Dividend Comparison
RCDB.NEO's dividend yield for the trailing twelve months is around 2.17%, less than RPD.TO's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
RPD.TO RBC Quant European Dividend Leaders ETF | 2.85% | 2.97% | 3.46% | 3.47% | 3.63% | 2.37% | 3.14% | 5.53% | 5.54% | 3.01% | 3.63% | 3.10% |
Frequently Asked Questions
RCDB.NEO and RPD.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCDB.NEO is categorized as Short-Term Bond, while RPD.TO is Europe Equities.
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