RCPIX vs. TMCIX

Last updated Jun 4, 2026

RCPIX (RBC BlueBay Core Plus Bond Fund) and TMCIX (RBC SMID Cap Growth Fund) are both mutual funds - RCPIX is a Intermediate Core-Plus Bond fund managed by RBC Global Asset Management., while TMCIX is a Mid Cap Growth Equities fund managed by RBC Global Asset Management.. Over the past 3 years, RCPIX returned 6.95%/yr vs 4.97%/yr for TMCIX. At a 0.21 correlation, their price movements are largely independent. RCPIX charges 0.45%/yr vs 0.82%/yr for TMCIX.

Performance

RCPIX vs. TMCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC BlueBay Core Plus Bond Fund (RCPIX) and RBC SMID Cap Growth Fund (TMCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RCPIX achieves a 0.31% return, which is significantly higher than TMCIX's 0.27% return.

RCPIX

• 1D: 0.00%
• 1M: 0.62%
• YTD: 0.31%
• 6M: 0.42%
• 1Y: 6.73%
• 3Y*: 6.95%
• 5Y*: —
• 10Y*: —

TMCIX

• 1D: 0.20%
• 1M: 0.88%
• YTD: 0.27%
• 6M: -0.40%
• 1Y: 6.98%
• 3Y*: 4.97%
• 5Y*: 3.25%
• 10Y*: 9.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RCPIX vs. TMCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RCPIX RBC BlueBay Core Plus Bond Fund	0.31%	8.16%	5.97%	9.64%	-13.59%	-0.20%
TMCIX RBC SMID Cap Growth Fund	0.27%	-0.79%	6.78%	17.32%	-16.59%	0.92%

Correlation

The correlation between RCPIX and TMCIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.21

The correlation between RCPIX and TMCIX shifts across timeframes, from 0.21 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RCPIX vs. TMCIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RCPIX

RCPIX Risk / Return Rank: 32
RCPIX Sharpe Ratio Rank: 35
RCPIX Sortino Ratio Rank: 36
RCPIX Omega Ratio Rank: 36
RCPIX Calmar Ratio Rank: 28
RCPIX Martin Ratio Rank: 23

TMCIX

TMCIX Risk / Return Rank: 7
TMCIX Sharpe Ratio Rank: 7
TMCIX Sortino Ratio Rank: 7
TMCIX Omega Ratio Rank: 6
TMCIX Calmar Ratio Rank: 7
TMCIX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RCPIX vs. TMCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC BlueBay Core Plus Bond Fund (RCPIX) and RBC SMID Cap Growth Fund (TMCIX). 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.

	RCPIX	TMCIX	Difference
Sharpe ratio Return per unit of total volatility	1.73	0.53	+1.20
Sortino ratio Return per unit of downside risk	2.52	0.90	+1.62
Omega ratio Gain probability vs. loss probability	1.32	1.10	+0.22
Calmar ratio Return relative to maximum drawdown	1.96	0.64	+1.32
Martin ratio Return relative to average drawdown	5.71	1.83	+3.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RCPIX vs. TMCIX - Sharpe Ratio Comparison

The current RCPIX Sharpe Ratio is 1.73, which is higher than the TMCIX Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of RCPIX and TMCIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RCPIX	TMCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	0.53	+1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.26	+0.07

Drawdowns

RCPIX vs. TMCIX - Drawdown Comparison

The maximum RCPIX drawdown since its inception was -18.89%, smaller than the maximum TMCIX drawdown of -57.70%. Use the drawdown chart below to compare losses from any high point for RCPIX and TMCIX.

Drawdown Indicators

	RCPIX	TMCIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.89%	-57.70%	+38.81%
Max Drawdown (1Y) Largest decline over 1 year	-3.46%	-13.76%	+10.30%
Max Drawdown (3Y) Largest decline over 3 years	-5.15%	-25.64%	+20.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.34%	—
Current Drawdown Current decline from peak	-1.76%	-6.83%	+5.07%
Average Drawdown Average peak-to-trough decline	-5.93%	-16.57%	+10.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	4.78%	-3.60%

Volatility

RCPIX vs. TMCIX - Volatility Comparison

The current volatility for RBC BlueBay Core Plus Bond Fund (RCPIX) is 1.56%, while RBC SMID Cap Growth Fund (TMCIX) has a volatility of 4.06%. This indicates that RCPIX experiences smaller price fluctuations and is considered to be less risky than TMCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RCPIX	TMCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	4.06%	-2.50%
Volatility (6M) Calculated over the trailing 6-month period	2.97%	11.85%	-8.88%
Volatility (1Y) Calculated over the trailing 1-year period	3.93%	16.45%	-12.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.66%	20.17%	-14.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.66%	20.76%	-15.10%

RCPIX vs. TMCIX - Expense Ratio Comparison

RCPIX has a 0.45% expense ratio, which is lower than TMCIX's 0.82% expense ratio.

Dividends

RCPIX vs. TMCIX - Dividend Comparison

RCPIX's dividend yield for the trailing twelve months is around 5.81%, less than TMCIX's 7.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RCPIX RBC BlueBay Core Plus Bond Fund	5.81%	4.95%	4.37%	4.34%	3.77%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TMCIX RBC SMID Cap Growth Fund	7.76%	7.78%	1.32%	2.04%	7.82%	24.68%	2.63%	7.32%	9.26%	22.57%	7.25%	11.05%

Frequently Asked Questions

Can I hold both RCPIX and TMCIX in my portfolio?

RCPIX and TMCIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RCPIX or TMCIX?

TMCIX has higher volatility (4.06%) compared to RCPIX (1.56%). In terms of maximum drawdown, RCPIX dropped -18.89% vs TMCIX's -57.70%.

Which has better risk-adjusted returns?

RCPIX currently has the higher Sharpe Ratio (1.73 vs 0.53), 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.