RCDB.NEO vs. TSTX-U.TO
RCDB.NEO (RBC Canadian Discount Bond ETF) and TSTX-U.TO (Global X 1-3 Year U.S. Treasury Bond Index ETF) are both Short-Term Bond funds. RCDB.NEO is actively managed, while TSTX-U.TO is passively managed. At a 0.40 correlation, their price movements are largely independent. RCDB.NEO charges 0.17%/yr vs 0.15%/yr for TSTX-U.TO.
Performance
RCDB.NEO vs. TSTX-U.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RCDB.NEO achieves a 1.10% return, which is significantly higher than TSTX-U.TO's 0.23% return.
RCDB.NEO
- 1D
- -0.05%
- 1M
- 0.85%
- YTD
- 1.10%
- 6M
- 0.91%
- 1Y
- 2.92%
- 3Y*
- 4.91%
- 5Y*
- 2.24%
- 10Y*
- —
TSTX-U.TO
- 1D
- 0.08%
- 1M
- 0.13%
- YTD
- 0.23%
- 6M
- 0.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RCDB.NEO vs. TSTX-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RCDB.NEO RBC Canadian Discount Bond ETF | 1.10% | 0.14% |
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF | 0.23% | 1.20% |
Correlation
The correlation between RCDB.NEO and TSTX-U.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025 | 0.40 |
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Return for Risk
RCDB.NEO vs. TSTX-U.TO — Risk / Return Rank
RCDB.NEO
TSTX-U.TO
RCDB.NEO vs. TSTX-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Discount Bond ETF (RCDB.NEO) and Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.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.
| RCDB.NEO | TSTX-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | — | — |
| Martin ratioReturn relative to average drawdown | 6.29 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RCDB.NEO | TSTX-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.32 | -0.87 |
Drawdowns
RCDB.NEO vs. TSTX-U.TO - Drawdown Comparison
The maximum RCDB.NEO drawdown since its inception was -8.31%, which is greater than TSTX-U.TO's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for RCDB.NEO and TSTX-U.TO.
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Drawdown Indicators
| RCDB.NEO | TSTX-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -0.90% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -6.90% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.35% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -0.25% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | — | — |
Volatility
RCDB.NEO vs. TSTX-U.TO - Volatility Comparison
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Volatility by Period
| RCDB.NEO | TSTX-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.34% | 1.68% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 1.68% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 1.68% | +3.80% |
RCDB.NEO vs. TSTX-U.TO - Expense Ratio Comparison
RCDB.NEO has a 0.17% expense ratio, which is higher than TSTX-U.TO's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
RCDB.NEO vs. TSTX-U.TO - Dividend Comparison
RCDB.NEO's dividend yield for the trailing twelve months is around 2.11%, less than TSTX-U.TO's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RCDB.NEO RBC Canadian Discount Bond ETF | 2.11% | 1.96% | 1.58% | 1.22% | 1.16% | 1.33% | 1.68% | 0.78% |
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF | 2.32% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RCDB.NEO and TSTX-U.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSTX-U.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSTX-U.TO is cheaper with a 0.15% expense ratio, compared with 0.17% for RCDB.NEO.
They also come from different issuers: RBC and Global X. Their fees differ too: 0.17% for RCDB.NEO and 0.15% for TSTX-U.TO.
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