RCPIX vs. RIBIX
RCPIX (RBC BlueBay Core Plus Bond Fund) and RIBIX (RBC Impact Bond Fund) are both mutual funds - RCPIX is a Intermediate Core-Plus Bond fund managed by RBC, while RIBIX is a Intermediate Core Bond fund managed by RBC. Over the past 3 years, RCPIX returned 5.98%/yr vs 2.28%/yr for RIBIX. Their correlation of 0.94 means they have usually moved in the same direction. RCPIX charges 0.45%/yr vs 0.73%/yr for RIBIX.
Performance
RCPIX vs. RIBIX - Performance Comparison
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Returns By Period
In the year-to-date period, RCPIX achieves a -1.01% return, which is significantly higher than RIBIX's -3.09% return.
RCPIX
- 1D
- 0.00%
- 1M
- -1.23%
- 6M
- -1.33%
- YTD
- -1.01%
- 1Y
- 2.57%
- 3Y*
- 5.98%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.50%
RIBIX
- 1D
- 0.00%
- 1M
- -1.20%
- 6M
- -2.96%
- YTD
- -3.09%
- 1Y
- -1.68%
- 3Y*
- 2.28%
- 5Y*
- -1.57%
- 10Y*
- —
- ALL TIME*
- 0.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
RIBIX RBC Impact Bond Fund | $0.00 | $0.00 | $0.00 |
RCPIX vs. RIBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RCPIX RBC BlueBay Core Plus Bond Fund | -1.01% | 8.16% | 5.97% | 9.64% | -13.59% | -0.20% |
RIBIX RBC Impact Bond Fund | -3.09% | 5.95% | 1.11% | 5.50% | -14.47% | -0.06% |
Correlation
The correlation between RCPIX and RIBIX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.94 |
The correlation between RCPIX and RIBIX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
RCPIX vs. RIBIX — Risk / Return Rank
RCPIX
RIBIX
RCPIX vs. RIBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC BlueBay Core Plus Bond Fund (RCPIX) and RBC Impact Bond Fund (RIBIX). 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 | RIBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.98 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | -0.13 | +1.18 |
| Martin ratioReturn relative to average drawdown | 2.46 | -0.34 | +2.80 |
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Drawdowns
RCPIX vs. RIBIX - Drawdown Comparison
The maximum RCPIX drawdown since its inception was -18.89%, roughly equal to the maximum RIBIX drawdown of -19.37%. Use the drawdown chart below to compare losses from any high point for RCPIX and RIBIX.
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Drawdown Indicators
| RCPIX | RIBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.89% | -19.37% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.46% | -4.09% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.60% | -5.25% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.98% | — |
Current DrawdownCurrent decline from peak | -3.05% | -8.34% | +5.29% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -6.45% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 1.59% | -0.12% |
Volatility
RCPIX vs. RIBIX - Volatility Comparison
RBC BlueBay Core Plus Bond Fund (RCPIX) and RBC Impact Bond Fund (RIBIX) have volatilities of 1.02% and 1.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCPIX | RIBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.00% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 3.05% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.14% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 5.97% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 5.16% | +0.44% |
RCPIX vs. RIBIX - Expense Ratio Comparison
RCPIX has a 0.45% expense ratio, which is lower than RIBIX's 0.73% expense ratio.
Dividends
RCPIX vs. RIBIX - Dividend Comparison
RCPIX's dividend yield for the trailing twelve months is around 6.05%, more than RIBIX's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RCPIX RBC BlueBay Core Plus Bond Fund | 5.04% | 4.95% | 4.37% | 4.34% | 3.77% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% |
RIBIX RBC Impact Bond Fund | 3.40% | 4.02% | 3.35% | 2.50% | 2.10% | 1.94% | 3.28% | 3.91% | 2.44% | 0.05% |
Frequently Asked Questions
RCPIX and RIBIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCPIX has higher volatility (1.02%) compared to RIBIX (1.00%). In terms of maximum drawdown, RCPIX dropped -18.89% vs RIBIX's -19.37%.
RCPIX currently has the higher Sharpe Ratio (0.94 vs -0.13), 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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