RCPIX vs. RCS
RCPIX (RBC BlueBay Core Plus Bond Fund) and RCS (PIMCO Strategic Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 3 years, RCPIX returned 6.79%/yr vs 9.48%/yr for RCS. At a 0.22 correlation, their price movements are largely independent.
Performance
RCPIX vs. RCS - Performance Comparison
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Returns By Period
In the year-to-date period, RCPIX achieves a 0.09% return, which is significantly higher than RCS's -0.34% return.
RCPIX
- 1D
- -0.22%
- 1M
- 0.62%
- YTD
- 0.09%
- 6M
- 0.42%
- 1Y
- 5.31%
- 3Y*
- 6.79%
- 5Y*
- —
- 10Y*
- —
RCS
- 1D
- -1.12%
- 1M
- -0.76%
- YTD
- -0.34%
- 6M
- -11.33%
- 1Y
- -16.21%
- 3Y*
- 9.48%
- 5Y*
- 1.88%
- 10Y*
- 3.31%
RCPIX vs. RCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RCPIX RBC BlueBay Core Plus Bond Fund | 0.09% | 8.16% | 5.97% | 9.64% | -13.59% | -0.20% |
RCS PIMCO Strategic Income Fund | -0.34% | -21.48% | 37.47% | 37.60% | -18.72% | -5.95% |
Correlation
The correlation between RCPIX and RCS is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.22 |
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Return for Risk
RCPIX vs. RCS — Risk / Return Rank
RCPIX
RCS
RCPIX vs. RCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC BlueBay Core Plus Bond Fund (RCPIX) and PIMCO Strategic Income Fund (RCS). 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.
| RCPIX | RCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.89 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.49 | +2.11 |
| Martin ratioReturn relative to average drawdown | 4.40 | -0.83 | +5.23 |
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Drawdowns
RCPIX vs. RCS - Drawdown Comparison
The maximum RCPIX drawdown since its inception was -18.89%, smaller than the maximum RCS drawdown of -46.69%. Use the drawdown chart below to compare losses from any high point for RCPIX and RCS.
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Drawdown Indicators
| RCPIX | RCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.89% | -46.69% | +27.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.46% | -32.94% | +29.48% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -32.94% | +27.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.69% | — |
Current DrawdownCurrent decline from peak | -1.98% | -28.91% | +26.93% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -9.41% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 19.49% | -18.22% |
Volatility
RCPIX vs. RCS - Volatility Comparison
The current volatility for RBC BlueBay Core Plus Bond Fund (RCPIX) is 1.02%, while PIMCO Strategic Income Fund (RCS) has a volatility of 6.00%. This indicates that RCPIX experiences smaller price fluctuations and is considered to be less risky than RCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCPIX | RCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 6.00% | -4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 20.85% | -17.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 23.84% | -19.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 25.23% | -19.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 25.83% | -20.20% |
Dividends
RCPIX vs. RCS - Dividend Comparison
RCPIX's dividend yield for the trailing twelve months is around 5.82%, less than RCS's 9.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCPIX RBC BlueBay Core Plus Bond Fund | 5.82% | 4.95% | 4.37% | 4.34% | 3.77% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RCS PIMCO Strategic Income Fund | 9.02% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |
Frequently Asked Questions
RCPIX and RCS have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCS has higher volatility (6.00%) compared to RCPIX (1.02%). In terms of maximum drawdown, RCPIX dropped -18.89% vs RCS's -46.69%.
RCPIX currently has the higher Sharpe Ratio (1.45 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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