RCDB.NEO vs. RUSB.TO
RCDB.NEO (RBC Canadian Discount Bond ETF) and RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) are both Short-Term Bond funds from RBC. Both are actively managed. Over the past 5 years, RCDB.NEO returned 2.27%/yr vs 4.61%/yr for RUSB.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
RCDB.NEO vs. RUSB.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 RUSB.TO's 3.34% 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*
- —
RUSB.TO
- 1D
- -1.54%
- 1M
- 0.69%
- 6M
- 1.97%
- YTD
- 3.34%
- 1Y
- 6.49%
- 3Y*
- 7.53%
- 5Y*
- 4.61%
- 10Y*
- —
RCDB.NEO vs. RUSB.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% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | 1.46% | 1.30% |
Correlation
The correlation between RCDB.NEO and RUSB.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.06 |
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Return for Risk
RCDB.NEO vs. RUSB.TO — Risk / Return Rank
RCDB.NEO
RUSB.TO
RCDB.NEO vs. RUSB.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 Short Term U.S. Corporate Bond ETF (RUSB.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 | RUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.81 | +0.44 |
| Martin ratioReturn relative to average drawdown | 7.88 | 3.97 | +3.91 |
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Drawdowns
RCDB.NEO vs. RUSB.TO - Drawdown Comparison
The maximum RCDB.NEO drawdown since its inception was -8.31%, smaller than the maximum RUSB.TO drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for RCDB.NEO and RUSB.TO.
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Drawdown Indicators
| RCDB.NEO | RUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -14.28% | +5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -3.60% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -1.59% | -5.26% | +3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -6.90% | -8.10% | +1.20% |
Current DrawdownCurrent decline from peak | -0.19% | -1.54% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -4.11% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 1.64% | -1.19% |
Volatility
RCDB.NEO vs. RUSB.TO - Volatility Comparison
The current volatility for RBC Canadian Discount Bond ETF (RCDB.NEO) is 0.63%, while RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a volatility of 2.05%. This indicates that RCDB.NEO experiences smaller price fluctuations and is considered to be less risky than RUSB.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 | RUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 2.05% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 4.25% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.31% | 6.45% | -4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 7.05% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 6.96% | -1.52% |
Dividends
RCDB.NEO vs. RUSB.TO - Dividend Comparison
RCDB.NEO's dividend yield for the trailing twelve months is around 2.17%, less than RUSB.TO's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 4.13% | 3.96% | 3.38% | 3.26% | 2.48% | 2.30% | 2.78% | 2.80% | 1.90% | 0.41% |
Frequently Asked Questions
RCDB.NEO and RUSB.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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