RCDC.TO vs. XAR
Compare and contrast key facts about RBC Canadian Dividend Covered Call ETF (RCDC.TO) and SPDR S&P Aerospace & Defense ETF (XAR).
RCDC.TO and XAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RCDC.TO is an actively managed fund by RBC. It was launched on Jan 17, 2023. XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011.
Performance
RCDC.TO vs. XAR - Performance Comparison
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RCDC.TO vs. XAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RCDC.TO RBC Canadian Dividend Covered Call ETF | 4.14% | 19.29% | 17.27% | 2.39% |
XAR SPDR S&P Aerospace & Defense ETF | 6.75% | 39.45% | 33.91% | 16.71% |
Different Trading Currencies
RCDC.TO is traded in CAD, while XAR is traded in USD. To make them comparable, the XAR values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RCDC.TO achieves a 4.14% return, which is significantly lower than XAR's 6.75% return.
RCDC.TO
- 1D
- 1.42%
- 1M
- -1.78%
- YTD
- 4.14%
- 6M
- 9.56%
- 1Y
- 23.28%
- 3Y*
- 15.71%
- 5Y*
- —
- 10Y*
- —
XAR
- 1D
- 4.73%
- 1M
- -8.42%
- YTD
- 6.75%
- 6M
- 8.10%
- 1Y
- 53.38%
- 3Y*
- 31.49%
- 5Y*
- 17.97%
- 10Y*
- 18.86%
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RCDC.TO vs. XAR - Expense Ratio Comparison
RCDC.TO has a 0.64% expense ratio, which is higher than XAR's 0.35% expense ratio.
Return for Risk
RCDC.TO vs. XAR — Risk / Return Rank
RCDC.TO
XAR
RCDC.TO vs. XAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Dividend Covered Call ETF (RCDC.TO) and SPDR S&P Aerospace & Defense ETF (XAR). 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 | XAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.11 | 1.93 | +0.18 |
Sortino ratioReturn per unit of downside risk | 2.80 | 2.59 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.32 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.51 | 3.09 | -0.58 |
Martin ratioReturn relative to average drawdown | 13.84 | 9.86 | +3.98 |
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 | XAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.93 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.86 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 1.01 | +0.30 |
Correlation
The correlation between RCDC.TO and XAR is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RCDC.TO vs. XAR - Dividend Comparison
RCDC.TO's dividend yield for the trailing twelve months is around 6.55%, more than XAR's 0.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCDC.TO RBC Canadian Dividend Covered Call ETF | 6.55% | 6.38% | 6.46% | 6.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XAR SPDR S&P Aerospace & Defense ETF | 0.35% | 0.40% | 0.66% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.09% | 2.31% |
Drawdowns
RCDC.TO vs. XAR - Drawdown Comparison
The maximum RCDC.TO drawdown since its inception was -10.88%, smaller than the maximum XAR drawdown of -41.34%. Use the drawdown chart below to compare losses from any high point for RCDC.TO and XAR.
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Drawdown Indicators
| RCDC.TO | XAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.88% | -46.37% | +35.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -17.22% | +7.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.37% | — |
Current DrawdownCurrent decline from peak | -2.31% | -13.20% | +10.89% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -6.76% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 4.88% | -3.21% |
Volatility
RCDC.TO vs. XAR - Volatility Comparison
The current volatility for RBC Canadian Dividend Covered Call ETF (RCDC.TO) is 3.73%, while SPDR S&P Aerospace & Defense ETF (XAR) has a volatility of 9.87%. This indicates that RCDC.TO experiences smaller price fluctuations and is considered to be less risky than XAR 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 | XAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 9.87% | -6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.70% | 21.02% | -14.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.10% | 27.82% | -16.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.22% | 20.98% | -10.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.22% | 22.54% | -12.32% |