RGOIX vs. RCPIX

Last updated Jun 25, 2026

RGOIX (RBC Global Opportunities Fund) and RCPIX (RBC BlueBay Core Plus Bond Fund) are both mutual funds - RGOIX is a Global Equities fund managed by RBC Global Asset Management., while RCPIX is a Intermediate Core-Plus Bond fund managed by RBC Global Asset Management.. Over the past 3 years, RGOIX returned 13.54%/yr vs 6.83%/yr for RCPIX. At a 0.21 correlation, their price movements are largely independent. RGOIX charges 0.75%/yr vs 0.45%/yr for RCPIX.

Performance

RGOIX vs. RCPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, RGOIX achieves a 0.83% return, which is significantly higher than RCPIX's 0.20% return.

RGOIX

• 1D: -1.30%
• 1M: -2.95%
• YTD: 0.83%
• 6M: -0.08%
• 1Y: 10.78%
• 3Y*: 13.54%
• 5Y*: 4.13%
• 10Y*: 11.49%

RCPIX

• 1D: 0.11%
• 1M: 0.73%
• YTD: 0.20%
• 6M: 0.31%
• 1Y: 5.19%
• 3Y*: 6.83%
• 5Y*: —
• 10Y*: —

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

RGOIX vs. RCPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RGOIX RBC Global Opportunities Fund	0.83%	17.25%	17.10%	9.82%	-23.66%	-0.01%
RCPIX RBC BlueBay Core Plus Bond Fund	0.20%	8.16%	5.97%	9.64%	-13.59%	-0.20%

Correlation

The correlation between RGOIX and RCPIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021	0.21

Over the past year, RGOIX and RCPIX have become more correlated (0.42) than their long-term average of 0.21, meaning their price movements have been converging.

Return for Risk

RGOIX vs. RCPIX — Risk / Return Rank

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

RGOIX

RGOIX Risk / Return Rank: 18
RGOIX Sharpe Ratio Rank: 16
RGOIX Sortino Ratio Rank: 16
RGOIX Omega Ratio Rank: 15
RGOIX Calmar Ratio Rank: 17
RGOIX Martin Ratio Rank: 26

RCPIX

RCPIX Risk / Return Rank: 29
RCPIX Sharpe Ratio Rank: 34
RCPIX Sortino Ratio Rank: 34
RCPIX Omega Ratio Rank: 33
RCPIX Calmar Ratio Rank: 25
RCPIX Martin Ratio Rank: 21

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.

RGOIX vs. RCPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Global Opportunities Fund (RGOIX) and RBC BlueBay Core Plus Bond Fund (RCPIX). 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.

	RGOIX	RCPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.42	-0.48
Sortino ratio: Return per unit of downside risk	1.41	2.06	-0.66
Omega ratio: Gain probability vs. loss probability	1.17	1.26	-0.09
Calmar ratio: Return relative to maximum drawdown	1.27	1.58	-0.31
Martin ratio: Return relative to average drawdown	5.27	4.29	+0.98

RGOIX vs. RCPIX - Sharpe Ratio Comparison

The current RGOIX Sharpe Ratio is 0.95, which is lower than the RCPIX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of RGOIX and RCPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RGOIX vs. RCPIX - Drawdown Comparison

The maximum RGOIX drawdown since its inception was -33.40%, which is greater than RCPIX's maximum drawdown of -18.89%. Use the drawdown chart below to compare losses from any high point for RGOIX and RCPIX.

Drawdown Indicators

	RGOIX	RCPIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-18.89%	-14.51%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-3.46%	-6.21%
Max Drawdown (3Y) Largest decline over 3 years	-15.96%	-5.15%	-10.81%
Max Drawdown (5Y) Largest decline over 5 years	-31.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.40%	—	—
Current Drawdown Current decline from peak	-4.29%	-1.87%	-2.42%
Average Drawdown Average peak-to-trough decline	-6.89%	-5.88%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	1.27%	+1.06%

Volatility

RGOIX vs. RCPIX - Volatility Comparison

RBC Global Opportunities Fund (RGOIX) has a higher volatility of 4.75% compared to RBC BlueBay Core Plus Bond Fund (RCPIX) at 1.02%. This indicates that RGOIX's price experiences larger fluctuations and is considered to be riskier than RCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RGOIX	RCPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	1.02%	+3.73%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	3.02%	+7.70%
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	3.85%	+9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.69%	5.63%	+11.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	5.63%	+11.92%

RGOIX vs. RCPIX - Expense Ratio Comparison

RGOIX has a 0.75% expense ratio, which is higher than RCPIX's 0.45% expense ratio.

Dividends

RGOIX vs. RCPIX - Dividend Comparison

RGOIX's dividend yield for the trailing twelve months is around 0.70%, less than RCPIX's 5.81% 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%
RGOIX RBC Global Opportunities Fund	0.70%	0.70%	0.65%	0.75%	0.27%	4.61%	2.28%	2.76%	3.77%	3.79%	0.75%	1.21%

Frequently Asked Questions

Can I hold both RGOIX and RCPIX in my portfolio?

RGOIX and RCPIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RGOIX or RCPIX?

RGOIX has higher volatility (4.75%) compared to RCPIX (1.02%). In terms of maximum drawdown, RGOIX dropped -33.40% vs RCPIX's -18.89%.

Which has better risk-adjusted returns?

RCPIX currently has the higher Sharpe Ratio (1.42 vs 0.95), 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.