RCDC.TO vs. RID.TO
RCDC.TO (RBC Canadian Dividend Covered Call ETF) and RID.TO (RBC Quant EAFE Dividend Leaders ETF CAD) are both exchange-traded funds - RCDC.TO is a Derivative Income fund actively managed by RBC, while RID.TO is a International Equity fund actively managed by RBC. Both are actively managed. Over the past 3 years, RCDC.TO returned 20.53%/yr vs 22.58%/yr for RID.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
RCDC.TO vs. RID.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 RID.TO's 15.64% return.
RCDC.TO
- 1D
- 0.52%
- 1M
- 3.26%
- 6M
- 17.02%
- YTD
- 18.89%
- 1Y
- 33.22%
- 3Y*
- 20.53%
- 5Y*
- —
- 10Y*
- —
RID.TO
- 1D
- -0.38%
- 1M
- 0.10%
- 6M
- 10.19%
- YTD
- 15.64%
- 1Y
- 32.13%
- 3Y*
- 22.58%
- 5Y*
- 13.62%
- 10Y*
- 9.90%
RCDC.TO vs. RID.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% |
RID.TO RBC Quant EAFE Dividend Leaders ETF CAD | 15.64% | 33.82% | 13.48% | 10.15% |
Correlation
The correlation between RCDC.TO and RID.TO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2023 | 0.35 |
The correlation between RCDC.TO and RID.TO shifts across timeframes, from 0.35 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RCDC.TO vs. RID.TO — Risk / Return Rank
RCDC.TO
RID.TO
RCDC.TO vs. RID.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 Quant EAFE Dividend Leaders ETF CAD (RID.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 | RID.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.39 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 6.14 | 3.28 | +2.87 |
| Martin ratioReturn relative to average drawdown | 30.59 | 13.17 | +17.42 |
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Drawdowns
RCDC.TO vs. RID.TO - Drawdown Comparison
The maximum RCDC.TO drawdown since its inception was -10.88%, smaller than the maximum RID.TO drawdown of -28.74%. Use the drawdown chart below to compare losses from any high point for RCDC.TO and RID.TO.
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Drawdown Indicators
| RCDC.TO | RID.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.88% | -28.74% | +17.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -9.85% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -10.88% | -15.23% | +4.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.74% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.68% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -4.45% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 2.45% | -1.36% |
Volatility
RCDC.TO vs. RID.TO - Volatility Comparison
The current volatility for RBC Canadian Dividend Covered Call ETF (RCDC.TO) is 2.12%, while RBC Quant EAFE Dividend Leaders ETF CAD (RID.TO) has a volatility of 4.25%. This indicates that RCDC.TO experiences smaller price fluctuations and is considered to be less risky than RID.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 | RID.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 4.25% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 6.71% | 12.09% | -5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 14.92% | -6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 14.09% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.08% | 14.98% | -4.90% |
Dividends
RCDC.TO vs. RID.TO - Dividend Comparison
RCDC.TO's dividend yield for the trailing twelve months is around 6.12%, more than RID.TO's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RID.TO RBC Quant EAFE Dividend Leaders ETF CAD | 2.85% | 3.03% | 3.52% | 3.76% | 4.09% | 2.65% | 3.54% | 4.14% | 4.57% | 3.00% | 3.35% | 3.22% |
Frequently Asked Questions
RCDC.TO and RID.TO have a correlation of 0.53, 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 RID.TO is International Equity.
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