RCDC.TO vs. RBO.TO
RCDC.TO (RBC Canadian Dividend Covered Call ETF) and RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) are both exchange-traded funds - RCDC.TO is a Derivative Income fund actively managed by RBC, while RBO.TO is a Corporate Bonds fund actively managed by RBC. Both are actively managed. Over the past 3 years, RCDC.TO returned 20.53%/yr vs 5.35%/yr for RBO.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
RCDC.TO vs. RBO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RCDC.TO achieves a 18.89% return, which is significantly higher than RBO.TO's 1.31% return.
RCDC.TO
- 1D
- 0.52%
- 1M
- 3.26%
- 6M
- 17.02%
- YTD
- 18.89%
- 1Y
- 33.22%
- 3Y*
- 20.53%
- 5Y*
- —
- 10Y*
- —
RBO.TO
- 1D
- -0.11%
- 1M
- -0.08%
- 6M
- 0.77%
- YTD
- 1.31%
- 1Y
- 3.29%
- 3Y*
- 5.35%
- 5Y*
- 2.30%
- 10Y*
- 2.40%
RCDC.TO vs. RBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RCDC.TO RBC Canadian Dividend Covered Call ETF | 18.89% | 19.29% | 17.27% | 1.66% |
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 1.31% | 4.23% | 6.06% | 4.32% |
Correlation
The correlation between RCDC.TO and RBO.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2023 | 0.18 |
The correlation between RCDC.TO and RBO.TO shifts across timeframes, from 0.18 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RCDC.TO vs. RBO.TO — Risk / Return Rank
RCDC.TO
RBO.TO
RCDC.TO vs. RBO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Dividend Covered Call ETF (RCDC.TO) and RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.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.
| RCDC.TO | RBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.29 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 6.14 | 1.89 | +4.25 |
| Martin ratioReturn relative to average drawdown | 30.59 | 6.81 | +23.78 |
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Drawdowns
RCDC.TO vs. RBO.TO - Drawdown Comparison
The maximum RCDC.TO drawdown since its inception was -10.88%, smaller than the maximum RBO.TO drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for RCDC.TO and RBO.TO.
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Drawdown Indicators
| RCDC.TO | RBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.88% | -20.46% | +9.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -1.75% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -10.88% | -1.75% | -9.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.46% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -1.34% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.48% | +0.61% |
Volatility
RCDC.TO vs. RBO.TO - Volatility Comparison
RBC Canadian Dividend Covered Call ETF (RCDC.TO) has a higher volatility of 2.12% compared to RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) at 0.41%. This indicates that RCDC.TO's price experiences larger fluctuations and is considered to be riskier than RBO.TO 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 | RBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 0.41% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.71% | 1.81% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 2.18% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 2.95% | +7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.08% | 7.74% | +2.34% |
Dividends
RCDC.TO vs. RBO.TO - Dividend Comparison
RCDC.TO's dividend yield for the trailing twelve months is around 6.12%, more than RBO.TO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 3.90% | 3.67% | 3.35% | 2.56% | 2.64% | 2.32% | 2.41% | 2.77% | 2.96% | 3.02% | 3.26% | 3.54% |
RCDC.TO RBC Canadian Dividend Covered Call ETF | 6.12% | 6.38% | 6.46% | 6.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RCDC.TO and RBO.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCDC.TO is categorized as Derivative Income, while RBO.TO is Corporate Bonds.
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