RCDC.TO vs. RGPM.NEO
RCDC.TO (RBC Canadian Dividend Covered Call ETF) and RGPM.NEO (RBC Global Precious Metals Fund) are both exchange-traded funds - RCDC.TO is a Derivative Income fund actively managed by RBC, while RGPM.NEO is a Precious Metals fund actively managed by RBC. Both are actively managed. Over the past 3 years, RCDC.TO returned 19.57%/yr vs 40.42%/yr for RGPM.NEO. Their 0.16 correlation means their historical movements had little consistent relationship. RCDC.TO charges 0.64%/yr vs 1.02%/yr for RGPM.NEO.
Performance
RCDC.TO vs. RGPM.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, RCDC.TO achieves a 18.15% return, which is significantly higher than RGPM.NEO's -8.72% return.
RCDC.TO
- 1D
- -0.07%
- 1M
- 1.69%
- 6M
- 18.27%
- YTD
- 18.15%
- 1Y
- 33.08%
- 3Y*
- 19.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.89%
RGPM.NEO
- 1D
- 2.99%
- 1M
- -6.73%
- 6M
- -14.65%
- YTD
- -8.72%
- 1Y
- 46.97%
- 3Y*
- 40.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 37.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$53.65K | CA$58.46K | CA$76.00K | |
RGPM.NEO RBC Global Precious Metals Fund | CA$101.12K | CA$231.71K | CA$282.23K |
RCDC.TO vs. RGPM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RCDC.TO RBC Canadian Dividend Covered Call ETF | 18.15% | 19.29% | 17.27% | 2.89% |
RGPM.NEO RBC Global Precious Metals Fund | -8.72% | 143.89% | 36.75% | -3.95% |
Correlation
The correlation between RCDC.TO and RGPM.NEO is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023 | 0.16 |
The correlation between RCDC.TO and RGPM.NEO shifts across timeframes, from 0.16 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RCDC.TO vs. RGPM.NEO — Risk / Return Rank
RCDC.TO
RGPM.NEO
RCDC.TO vs. RGPM.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 RBC Global Precious Metals Fund (RGPM.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.
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 | RGPM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +3.83 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.21 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 5.98 | 1.33 | +4.65 |
| Martin ratioReturn relative to average drawdown | 29.64 | 2.99 | +26.65 |
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Drawdowns
RCDC.TO vs. RGPM.NEO - Drawdown Comparison
The maximum RCDC.TO drawdown since its inception was -10.88%, smaller than the maximum RGPM.NEO drawdown of -36.67%. Use the drawdown chart below to compare losses from any high point for RCDC.TO and RGPM.NEO.
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Drawdown Indicators
| RCDC.TO | RGPM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.88% | -36.67% | +25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -36.67% | +31.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.88% | -36.67% | +25.79% |
Current DrawdownCurrent decline from peak | -0.92% | -31.42% | +30.50% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -9.41% | +7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 16.26% | -15.17% |
Volatility
RCDC.TO vs. RGPM.NEO - Volatility Comparison
The current volatility for RBC Canadian Dividend Covered Call ETF (RCDC.TO) is 2.68%, while RBC Global Precious Metals Fund (RGPM.NEO) has a volatility of 11.54%. This indicates that RCDC.TO experiences smaller price fluctuations and is considered to be less risky than RGPM.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 | RGPM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 11.54% | -8.86% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 39.06% | -32.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.62% | 46.69% | -38.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.07% | 33.80% | -23.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.07% | 33.80% | -23.73% |
RCDC.TO vs. RGPM.NEO - Expense Ratio Comparison
RCDC.TO has a 0.64% expense ratio, which is lower than RGPM.NEO's 1.02% expense ratio.
Dividends
RCDC.TO vs. RGPM.NEO - Dividend Comparison
RCDC.TO's dividend yield for the trailing twelve months is around 6.27%, while RGPM.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
RCDC.TO RBC Canadian Dividend Covered Call ETF | 6.27% | 6.38% | 6.46% | 6.49% |
RGPM.NEO RBC Global Precious Metals Fund | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RCDC.TO and RGPM.NEO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RCDC.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RCDC.TO is cheaper with a 0.64% expense ratio, compared with 1.02% for RGPM.NEO.
RCDC.TO is categorized as Derivative Income, while RGPM.NEO is Precious Metals. Their fees differ too: 0.64% for RCDC.TO and 1.02% for RGPM.NEO.
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