RCDC.TO vs. EACC.NEO
RCDC.TO (RBC Canadian Dividend Covered Call ETF) and EACC.NEO (Global X MSCI EAFE Covered Call ETF) are both Derivative Income funds. RCDC.TO is actively managed, while EACC.NEO is passively managed. Over the past year, RCDC.TO returned 29.08% vs 19.76% for EACC.NEO. At a 0.44 correlation, their price movements are largely independent. RCDC.TO charges 0.64%/yr vs 0.49%/yr for EACC.NEO.
Performance
RCDC.TO vs. EACC.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, RCDC.TO achieves a 12.49% return, which is significantly higher than EACC.NEO's 7.82% return.
RCDC.TO
- 1D
- 0.08%
- 1M
- 4.61%
- YTD
- 12.49%
- 6M
- 14.54%
- 1Y
- 29.08%
- 3Y*
- 18.86%
- 5Y*
- —
- 10Y*
- —
EACC.NEO
- 1D
- -0.48%
- 1M
- 6.14%
- YTD
- 7.82%
- 6M
- 8.11%
- 1Y
- 19.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RCDC.TO vs. EACC.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RCDC.TO RBC Canadian Dividend Covered Call ETF | 12.49% | 19.29% | 9.46% |
EACC.NEO Global X MSCI EAFE Covered Call ETF | 7.82% | 18.86% | 0.72% |
Correlation
The correlation between RCDC.TO and EACC.NEO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.44 |
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Return for Risk
RCDC.TO vs. EACC.NEO — Risk / Return Rank
RCDC.TO
EACC.NEO
RCDC.TO vs. EACC.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Dividend Covered Call ETF (RCDC.TO) and Global X MSCI EAFE Covered Call ETF (EACC.NEO). 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.
| RCDC.TO | EACC.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.21 | ||
| Sortino ratioReturn per unit of downside risk | +3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.27 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | 1.76 | +3.62 |
| Martin ratioReturn relative to average drawdown | 26.80 | 6.04 | +20.76 |
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
| RCDC.TO | EACC.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.54 | 1.33 | +2.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.50 | 0.89 | +0.61 |
Drawdowns
RCDC.TO vs. EACC.NEO - Drawdown Comparison
The maximum RCDC.TO drawdown since its inception was -10.88%, smaller than the maximum EACC.NEO drawdown of -13.35%. Use the drawdown chart below to compare losses from any high point for RCDC.TO and EACC.NEO.
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Drawdown Indicators
| RCDC.TO | EACC.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.88% | -13.35% | +2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -11.30% | +5.87% |
Max Drawdown (3Y)Largest decline over 3 years | -10.88% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.48% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -2.09% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 3.28% | -2.19% |
Volatility
RCDC.TO vs. EACC.NEO - Volatility Comparison
The current volatility for RBC Canadian Dividend Covered Call ETF (RCDC.TO) is 2.49%, while Global X MSCI EAFE Covered Call ETF (EACC.NEO) has a volatility of 4.43%. This indicates that RCDC.TO experiences smaller price fluctuations and is considered to be less risky than EACC.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCDC.TO | EACC.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 4.43% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 6.71% | 12.76% | -6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.25% | 14.96% | -6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.15% | 15.05% | -4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.15% | 15.05% | -4.90% |
RCDC.TO vs. EACC.NEO - Expense Ratio Comparison
RCDC.TO has a 0.64% expense ratio, which is higher than EACC.NEO's 0.49% expense ratio.
Dividends
RCDC.TO vs. EACC.NEO - Dividend Comparison
RCDC.TO's dividend yield for the trailing twelve months is around 6.33%, less than EACC.NEO's 7.46% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EACC.NEO Global X MSCI EAFE Covered Call ETF | 7.46% | 7.55% | 5.12% | 0.00% |
RCDC.TO RBC Canadian Dividend Covered Call ETF | 6.33% | 6.38% | 6.46% | 6.49% |
Frequently Asked Questions
RCDC.TO and EACC.NEO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EACC.NEO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EACC.NEO is cheaper with a 0.49% expense ratio, compared with 0.64% for RCDC.TO.
They also come from different issuers: RBC and Global X. Their fees differ too: 0.64% for RCDC.TO and 0.49% for EACC.NEO.
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